Nutritional Analysis Market

Scientific SE (Luxembourg), SGS SE (Switzerland), and Bureau Veritas S.A. (France). these Players have been Implementing Different Strategies to Achieve Growth and Development in the Global Nutritional Analysis Market

Nutritional analysis is an analytical process to determine the nutritional contents of food products in processed and unprocessed forms. The analytical process can be performed through various methods which include laboratory analysis (chemical analysis), nutrition database analysis, and online nutrition analysis. The nutritional analysis market is projected to reach USD 5.99 Billion by 2022, growing at a CAGR of 8.2% from 2017.

For food manufacturers, nutritional analysis and labeling are time and cost consuming activities, as these activities do not directly affect product sales. The average time for nutritional analysis of a particular product is 2-3 weeks, and the service cost changes from company to company and the number of nutrients to be analyzed. The existing manufacturers are facing increasing production costs due to these factors.

The key players in this market have been developing a range of innovative products to target specific consumer needs. Thus, the usage of nutritional analysis has gained more global importance and acceptance among customers. Key participants in the nutritional analysis market include Eurofins Scientific SE (Luxembourg), SGS SE (Switzerland), and Bureau Veritas S.A. (France). These players have been implementing different strategies to achieve growth and development in the global nutritional analysis market.

Companies have been expanding their global presence through growth strategies such as expansions and investments, and new service launches, thus boosting their technological and operational capabilities in the market. SGS SE (Switzerland) and Bureau Veritas (France) rely on their strong R&D and financial capabilities for the development of new services to cater to the requirements of the modern food industry, with a strong geographical reach.

The other market players involved in the nutritional analysis market include Covance Inc. (U.S.), Intertek Group PLC. (U.K.), and Eurofins Scientific SE (Luxembourg). In the recent past, there have not been any organic or inorganic attempts to grow within the nutritional analysis market by Covance Inc. (U.S.). Intertek Group PLC (U.K.) is a leading company covering diversified markets and has a strong global presence. The key strategy of the company is business-driven research and science-based innovation, thereby delivering products and services as per market requirements. The company also developed a new technology for honey authenticity testing. The technology is based on NMR (Nuclear Magnetic Resonance) spectroscopy. Eurofins Scientific SE (Luxembourg), expanded its network by widening its geographic presence in Asia. It developed a new team, which operates in the Philippines. This expansion is strategized to cover the market of Vietnam and Indonesia along with the Philippines. This facility offers various services including food & feed testing.

Related Reports:

Nutritional Analysis Market by Parameter, Product Type (Beverages, Bakery & Confectionery, Snacks, Dairy & Desserts, Meat & Poultry, Sauces, Dressings, Condiments, Fruits & Vegetables, Baby Food), Objective, and Region - Global Forecast to 2022

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Report Code
FB 5386
RI Published ON
7/3/2017
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