PUBLISHER: Grand View Research | PRODUCT CODE: 1529600
PUBLISHER: Grand View Research | PRODUCT CODE: 1529600
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.