The Dietary Supplement Testing Services Global Market Report 2023, provides comprehensive information on the dietary supplement testing services market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
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As per The Business Research Company’s Dietary Supplement Testing Services Global Market Report 2023, the global dietary supplement testing services market is expected to grow from $2.41 billion in 2022 to $2.65 billion in 2023 at a compound annual growth rate (CAGR) of 10.1%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic. The war between these two countries has led to economic sanctions on multiple countries, surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and resulted in increased interest rates affecting many markets across the globe. The dietary supplement testing services market is expected to reach $3.88 billion in 2027 at a CAGR of 10.0%.
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Integration of artificial intelligence is a key trend gaining popularity in the dietary supplement testing services market. Major companies operating in the dietary supplement testing services market are integrating artificial intelligence technologies and solutions in testing for increased accuracy and sustain their position in the market. For instance, in September 2020, Nutraveris, a France-based scientific and regulatory affairs consultancy and technology provider, launched Nutyraveris Online (NOL), an integrated platform that uses artificial intelligence to assess and track compliance with U.S. dietary supplement laws. The platform includes NOL Data Solution, which allows users to develop new products using U.S. regulatory, scientific, and marketing information, such as ODI (Optimum Daily Intake), NDI (New Dietary Ingredients), GRAS (Generally Recognized As Safe), CFR (Code of Federal Regulations), warning letters, and potential claims. The online platform offers innovative ideas (new ingredients or applications), scientific evidence for efficacy and safety, health claim assessments, supplier efficacy proofs, and legal texts, in addition to ingredient regulatory status and the regulatory status of the ingredients. Nutraveris Online maximizes productivity by facilitating access to and simplifying the vast regulatory information needed to educate this rapidly expanding market area.
The dietary supplement testing services market is segmented:
1) By Service: Stability Testing, Analytical Testing, Microbiological Testing, Regulatory Testing And Compliance, Other Services
2) By Ingredient: Herbal, Vitamins, Minerals, Amino Acids, Enzymes, Other Ingredients
3) By Service Provider: Testing laboratories, Contract research organizations (CROs), Regulatory consultants, Other Service Providers
4) By End-User: Manufacturers, Contract manufacturers, Distributors, Regulatory bodies
North America was the largest region in the dietary supplement testing services market in 2022.
The table of contents in TBRC’s dietary supplement testing services market report includes:
1. Executive Summary
2. Dietary Supplement Testing Services Market Characteristics
3. Dietary Supplement Testing Services Market Trends And Strategies
4. Dietary Supplement Testing Services Market – Macro Economic Scenario
5. Global Dietary Supplement Testing Services Market Size and Growth
……
32. Global Dietary Supplement Testing Services Market Competitive Benchmarking
33. Global Dietary Supplement Testing Services Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Dietary Supplement Testing Services Market
35. Dietary Supplement Testing Services Market Future Outlook and Potential Analysis
36. Appendix
Top Major Players:
Eurofins Scientific Pvt. Ltd.
SGS S.A.
Bureau Veritas S.A.
Intertek Group PLC.
UL LLC
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