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China Dietary Supplement Testing Services Market Size to Growing at a CAGR of 7.5% During the Forecast Period 2021–2026
China Dietary Supplement Testing Services market size was estimated at $3.5 billion in 2020, growing at a CAGR of 7.5% during the forecast period 2021-2026. Dietary supplement testing refers to the process of testing the safety of products or nutrients used to compensate for deficiencies in the body and add nutritional value to a diet in order to determine whether they are safe to consume. There are many services such as chemical testing, microbiological testing, analytical testing, claims testing, high performance liquid chromatography, stability testing, and regulatory testing and compliance. Such services help to reduce hazards by detecting adulteration and to improve the quality of supplements. It also evaluates supplement regulations, verifies supplement performance, and ensures supplement quality. Increasing health concern among people of all age groups coupled with rising demand of dietary supplements in fitness industry are the major factors driving the growth of the market. Increasing awareness about nutritional benefits of functional, nutraceuticals & natural health products is set to further enhance the overall market development of the China Dietary Supplement Testing Services Market for the period 2021-2026.
Key Takeaways
- China Dietary Supplement Testing Services Market is increasing in 2020 owing to increasing spending capacity of the people coupled with rising disposable income of the people. The China Dietary Supplement Testing Services Market scope for different regions will be provided in the final report.
- Increasing importance of nutraceuticals set to aid the market growth of the China Dietary Supplement Testing Services Market report.
- Detailed analysis of the Strength, Weakness, and Opportunities of the prominent players operating in the market will be provided in the China Dietary Supplement Testing Services Market report.
- Availability of substitute products is poised to create the hurdles for the China Dietary Supplement Testing Services Market.
China Dietary Supplement Testing Services Market Revenue, By Ingredients Type, 2020.
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China Dietary Supplement Testing Services Market Segment Analysis – By Method
Based on method, the china dietary supplement testing services market is segmented into Analytical Testing, Microbiological Testing, Regulatory Testing & Compliance, High Performance Liquid Chromatography, Stability Testing, and Others. Microbiological Testing held the largest share in the China Dietary Supplement Testing Services Market in 2020. Microbiological testing refers to the detection, identification or enumeration of microorganisms using biological, biochemical, or chemical approaches. Microbiological testing is faster, accurate and quickly identify these contaminants and treat them before they do irreversible damage thereby increasing dietary supplement testing services market. However, Analytical Testing is estimated to register higher CAGR of 9.2% during the forecast period 2021-2026 owing to it is mostly preferred by laboratory owing to its accurate result.
China Dietary Supplement Testing Services Market Segment Analysis – By Ingredients Type
Based on ingredient, the china dietary supplement testing services market is segmented into Amino Acids, Enzymes, Herbal, Vitamins, Minerals, and Others. Vitamins held the largest share in the China Dietary Supplement Testing Services Market in 2020. Vitamin-based dietary supplements are available in the following product forms: A (retinols and carotenoids), B (folic acid), C (ascorbic acid), and D (dihydrolipoic acid) (Cholecalciferol). Vitamin A also helps to maintain muscular and ocular health, while vitamin E aids in DNA repair and immune system strength thereby increasing dietary supplement testing services market. However, amino acid is estimated to register higher CAGR of 10.4% during the forecast period 2021-2026 as amino acid supplements are widely consumed by consumer in order to boost muscle growth.
China Dietary Supplement Testing Services Market Drivers
- Increasing Consumption of Dietary Supplements.
Increasing consumption of dietary supplements coupled with rising spending capacity of the people is increasing the growth of the China Dietary Supplement Testing Services Market. Additionally, hectic work schedules and fluctuations in diet intervals that compels working individuals for regular intake of nutraceuticals and dietary supplements is further predicted to increase the growth of the China Dietary Supplement Testing Services Market during the forecast period 2021-2026.
- Growing Research and Development.
Increasing research and development activities and the rise instability testing services from the private food manufacturing companies in China is increasing the growth of the China Dietary Supplement Testing Services Market. Furthermore, manufacturers of dietary supplements are investing in research and development to extend the shelf life of their products thereby increasing the growth of the China Dietary Supplement Testing Services Market during the forecast period 2021-2026.
China Dietary Supplement Testing Services Market Challenges
- Availability of Substitutes
The major factor that is set to impede the growth of the China Dietary Supplement Testing Services Market is availability of substitute products such as functional foods over dietary supplements. Another factor which hamper the growth of market is lack of safety and testing infrastructure.
China Dietary Supplement Testing Services Market Landscape
Product launches, mergers and acquisitions, joint ventures, and R&D activities are key strategies adopted by players in the China Dietary Supplement Testing Services Market. In 2020, the China Dietary Supplement Testing Services Market share is consolidated by the top ten players present in the market. The China Dietary Supplement Testing Services Market, top 10 companies are, ALS Limited, Eurofins Scientific, Foodscan Analytics Limited, Intertek Group Plc, LGC Limited, NSF International, SGS SA, UL LLC, Asurequality Limited, and Merieux Nutrisciences.
Development:
In March 2019, SGS SA Opened Food Microbiological Testing Laboratory in Carson, California. The high-tech facility expands the expertise, geographical coverage and capabilities of SGS’s food laboratories to its global network of agriculture and food labs. It offers food producers, manufacturers and suppliers a full spectrum of food and agricultural testing services across every food category.
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