Nutritional, Vitamin & Food Supplement Analytical Services Industry - Regional Synopsis
On the basis of geography, the nutritional, vitamin & food supplement analytical services market is segmented into North America, Latin America, Europe, Asia Pacific, and the Middle East & Africa region. Asia Pacific industry is predicted to dominate majority revenue share by 2037, owing to increasing prevalence of food-related allergies among consumers across the region. Furthermore, in 2021, the market in Europe is evaluated to occupy the largest market share in terms of revenue on account of efforts undertaken by concerned agencies regarding the safety of edible products in the region. Along with this, North America also leads in terms of strengthening nutritional, vitamin, and food supplement analytical services, which is also expected to contribute to the market growth in the region. Alternatively, the market in the region is also anticipated to occupy a significant share owing to the norms mandated by the Food and Drug Administration (FDA) in the U.S. Additionally, the market in Latin America has a steady demand for such analytical services due to the growing consumption of packaged and processed edible products. The region was impacted severely due to JBS’s meat scandal in Brazil, which is attributed to result in the enforcement of strict government regulations across the country, resulting in the growth of the nutritional, vitamin & food supplement analytical services market.