The growth of nutritional analysis market is projected to be driven by the increasing food safety regulations In the view of gaining the trust of target consumers for different types of food products in terms of quality, food safety certification plays an important role. Food safety certification conveys to consumers, marketplace, employees, and key stakeholders that a food sector business has successfully met the requirements of a national or internationally recognized best practice approach. The certification by an objective third party can be invaluable to any business as it signifies good governance and corporate responsibility.
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On the basis of product types, the beverages segment accounts for the largest share in 2020. This growth is attributable to the rise in the demand for different formats of beverages globally, specifically functional and fortified beverages, flavored beverages, and other similar beverages. The beverages and snacks segments together accounted for 35% share in the global nutritional analysis market based on product types.
North America dominated the nutritional analysis market due to the strong R&D, technology innovation, and increased mergers and acquisitions in nutritional analysis in the region. The North American nutritional analysis market has been growing steadily due to cases of foodborne disease outbreaks. The nutritional analysis market here is witnessing dynamic growth due to the increasing concerns related to how food is being processed, fermented, brined, or brewed, which requires proper lab testing. Food labeling is subject to increasingly complex regulations globally. Ensuring food products are correctly labeled according to local, regional, and international laws can be a challenging task. Canada is the fastest-growing country in the North American nutritional analysis market, at a CAGR of 8.9% during the forecast period.
This report includes a study on the marketing and development strategies, along with a study on the product portfolios of the leading companies operating in the nutritional analysis market. It consists of the profiles of leading companies such as SGS SA (Switzerland), Intertek Group Plc (UK), Eurofins Scientific (Luxembourg), Bureau Veritas (France), ALS Limited (Australia), Mérieux NutriSciences (US), Thermo Fisher Scientific (US), AsureQuality Limited (New Zealand), TÜV Nord Group (Germany), and DTS Food Laboratories (France).
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