Wednesday, 11 September 2024

Sports Nutrition And Dietary Supplements Testing & Certification Market Poised to Expand at a Robust Pace Over 2030: Grand View Research Inc.

 Sports Nutrition And Dietary Supplements Testing & Certification Market Growth & Trends

The global sports nutrition and dietary supplements testing & certification market size is anticipated to reach USD 1,042.6 million by 2030 and is projected to grow at a CAGR of 13.60% from 2024 to 2030, according to a new report by Grand View Research, Inc. The market is anticipated to experience growth due to factors such as the sale of counterfeit products, heightened health consciousness, increased awareness of sports nutrition and dietary supplements, and improved accessibility and availability of supplements.

Protein verification services are becoming an increasingly important type of testing procedure in the global market. These services include testing and verification of the amount of protein in a product to ensure that it matches the label claim. This is important for athletes and fitness enthusiasts who rely on protein supplements to build & repair muscles. However, with growing accessibility to supplements, the risk of product counterfeiting is also rising. Several cases of product counterfeiting and mislabeling have been observed in recent years, which has increased concerns about fake supplement products. For instance, in 2019, owners of Blackstone Labs were charged for selling dietary supplements containing various illegal constituents such as DMBA, SARMs, and dimethazine.

The charges alleged that the owners of Blackstone Labs were aware that their products were illegal and formed illicit companies to manufacture their products & then supply them through distributors. Moreover, several government agencies are also taking cognizance of the situation and taking action to seize the supply of fraudulent products.

The market has witnessed significant growth post-pandemic due to the increasing awareness among consumers regarding health and wellness. The market is driven by several factors, including the rising demand for safe & effective products, increasing stringency of regulations governing the quality of these products, and the growing trend of fitness & healthy lifestyle. Majority of the manufacturers operating in sports nutrition are emphasizing R&D activities to develop innovative products as per customer needs, thereby generating substantial growth opportunities. Thus, the increasing demand for sports nutrition products & dietary supplements and heightened focus on ensuring the safety and quality of these products post-pandemic are expected to drive the market growth in the near future.

The lack of safety and testing infrastructure for sports nutrition and dietary supplements in developing countries poses significant challenges. The availability of accredited laboratories for testing the safety and quality of sports nutrition products may be scarce in developing countries. This limitation hinders conducting thorough analyses and ensuring compliance with established standards. Developing countries may face a shortage of qualified professionals with expertise in assessing the safety and efficacy of dietary supplements. This hindrance in the growth of nutrition and supplements industry may further impede the growth of allied industries such as testing and certification services.

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Sports Nutrition And Dietary Supplements Testing & Certification Market Report Highlights

  • Based on type, the analytical testing segment led the market with the largest revenue share of 41.02% in 2023, owing to technological advancements in analytical methods, such as High-Performance Liquid Chromatography (HPLC) and mass spectrometrythat enhance the precision and efficiency of these tests, making them essential for product development and quality assurance
  • Based on ingredient, the amino acidsegment led the market with the largest revenue share of 25.46% in 2023. On the other hand, herbal segment is expected to grow at the fastest CAGR of 15.47% from 2024 to 2030
  • Based on service provider, the testing laboratories & companies segment led the market with the largest revenue share of 70.22% in 2023. Furthermore, regulatory consulting companies are expected to grow at the fastest CAGR over the forecast period
  • Based on end use, the manufacturers segment led the market with the largest revenue share of 48.92% in 2023, as manufacturers are leveraging technology to streamline the certification process and enhance transparency
  • North America dominated the market with the largest revenue share of 39.69% in 2023, owing to factors such as heightened awareness regarding sports nutritional products & supplements, stringent government regulations, etc.

Access Press Release@ https://www.grandviewresearch.com/press-release/global-sports-nutrition-dietary-supplements-testing-certification-market

Sports Nutrition And Dietary Supplements Testing & Certification Market Segmentation

Grand View Research has segmented the global sports nutrition and dietary supplements testing & certification market based on type, ingredient, service provider, end-use, and region:

Sport Nutrition And Dietary Supplements Testing & Certification Type Outlook (Revenue, USD Million, 2018 - 2030)

  • Stability Testing
  • Analytical Testing
  • Microbiological Testing
  • Regulatory Testing & Compliance
  • Others

Sport Nutrition And Dietary Supplements Testing & Certification Ingredient Outlook (Revenue, USD Million, 2018 - 2030)

  • Herbal
  • Vitamins
  • Minerals
  • Amino Acids
  • Enzymes
  • Probiotics
  • Others

Sport Nutrition And Dietary Supplements Testing & Certification Service Provider Outlook (Revenue, USD Million, 2018 - 2030)

  • Testing Laboratories & Companies
  • Contract Research Organizations (CROs)
  • Regulatory Consulting Companies
  • Others

Sport Nutrition And Dietary Supplements Testing & Certification End-use Outlook (Revenue, USD Million, 2018 - 2030)

  • Manufacturers
  • Contract Manufacturers
  • Distributors
  • Others

Sport Nutrition And Dietary Supplements Testing & Certification Regional Outlook (Revenue, USD Million, 2018 - 2030)

  • North America
    • US.
    • Canada
    • Mexico
  • Europe
    • UK
    • Germany
    • France
    • Italy
    • Spain
    • Denmark
    • Sweden
    • Norway
  • Asia Pacific
    • Japan
    • China
    • India
    • Australia
    • South Korea
    • Thailand
    • New Zealand
  • Latin America
    • Brazil
    • Argentina
  • Middle East & Africa
    • South Africa
    • Saudi Arabia
    • UAE
    • Kuwait

List of Key Players in the Sports Nutrition And Dietary Supplements Testing & Certification Market

  • NSF International
  • Eurofins Scientific
  • Intertek Group plc
  • BSCG LLC
  • UL LLC
  • Canadian Analytical Laboratories Inc.
  • TÜV SÜD
  • SGS Société Générale de Surveillance SA (Nutrasource)
  • LGC Limited
  • com
  • The United States Pharmacopeial Convention (USP)

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

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