Nutritional, Vitamin & Food Supplement Analytical Services Market Size

Nutritional, Vitamin & Food Supplement Analytical Services Market size was over USD 5.46 billion in 2023 and is expected to cross USD 12.53 billion by the end of 2036, growing at more than 6.6% CAGR during the forecast period i.e., between 2024-2036. In the year 2024, the industry size of nutritional, vitamin & food supplement analytical services is estimated at USD 5.75 billion.

on account of growing consumer awareness associated with personal health and wellbeing. The growth of the nutritional, vitamin & food supplement analytical services market can also be attributed to factors such as the increasing working population worldwide struggling to fulfil the daily nutrient requirements on the back of hectic work schedules and changing lifestyle at a global level. According to the data collected from the World Bank, in 2018, the estimated working population was 3.42 billion which gradually increased in 2019, accounted to over 3.46 billion working population worldwide.

Frequently Asked Questions (FAQ)

Growing awareness associated with personal health and well-being as well as increasing working population.

The market is anticipated to attain a moderate CAGR over the forecast period, i.e., 2021-2029.

Substitution threat from functional foods are estimated to hamper market growth.

The market in Asia Pacific region will provide ample growth opportunities owing to the increasing awareness about nutritional, vitamin & food supplement analytical services.

The major players dominating the nutritional, vitamin & food supplement analytical services market is SGS SA., MediPharm Labs., Pluton Biosciences, Inc., Barrow-Agee Laboratories, NUTRASCIENCE LABS., BRS Lab Services and others.

Nutritional, Vitamin & Food Supplement Analytical Services Market Size