Analytical Standards Market Size, Share and Trends 2024 to 2034

The global analytical standards market size accounted for USD 1.46 billion in 2024, grew to USD 1.56 billion in 2025 and is projected to surpass around USD 2.77 billion by 2034, representing a CAGR of 6.60% between 2024 and 2034. The North America analytical standards market size is estimated at USD 690 million in 2024 and is expected to grow at a CAGR of 6.65% during the forecast year.

  • Last Updated : 10 Dec 2024
  • Report Code : 5330
  • Category : Healthcare

Analytical Standards Market Size and Forecast 2024 to 2034

The global analytical standards market size is calculated at USD 1.46 billion in 2024 and is predicted to reach around USD 2.77 billion by 2034, expanding at a CAGR of 6.60% from 2024 to 2034. Rising demand for testing in, environmental monitoring and pharmaceuticals is the key factor driving the growth of the market. Also, stringent regulations imposed by the government across the globe coupled with technological advancements can fuel market growth further.

Analytical Standards Market  Size 2024 to 2034

Analytical Standards Market Key Takeaways

  • North America dominated the global market with the largest market share of 47% in 2023.
  • Asia Pacific is anticipated to grow at the fastest CAGR during the projected period.
  • By technique, the spectroscopy segment contributed the highest market share of 45% in 2023.
  • By category, the organic analytical standards segment captured the biggest market share of 57% in 2023.
  • By category, the inorganic analytical standards segment is predicted to show the fastest growth during projected period.
  • By application, the pharmaceutical and life science segment generated the major market share of 23% in 2023.
  • By application, the food and beverage analysis segment is expected to show the fastest growth during projected period.
  • By methodology, the bioanalytical testing segment has held the largest market share of 34% in 2023.
  • By methodology, the stability testing segment is estimated to witness the fastest growth over the forecast period.

Role of AI in the Analytical Standards Solutions

The integration of artificial intelligence is transforming the market by changing product testing and quality control-driven algorithms can substantially improve chromatography techniques, by enhancing the precision and accuracy of detection of contaminants in pharmaceuticals and food products. Furthermore, AI’s capability to monitor large amounts of data also optimizes the testing of pathogens, allergens, and contaminants in the food offering real-time insights to companies for safety and quality of the product.

U.S. Analytical Standards Market Size and Growth 2024 to 2034

The U.S. analytical standards market size is exhibited at USD 580 million in 2024 and is expected to be worth around USD 1,110 million by 2034, growing at a CAGR of 6.68% from 2024 to 2034.

U.S. Analytical Standards Market  Size 2024 to 2034

North America led the analytical standards market in 2023. The dominance of the region can be attributed to the latest technological advancements, strict regulatory requirements, and the strong presence of major market players in the region. North America also has a wide and escalating biotechnology and pharmaceutical sector. Which is the prime end-user of analytical standards. Furthermore, the increasing adoption of innovative analytical techniques with the growing need for food safety testing can boost market growth shortly.

  • In January 2024, Kindeva Drug Delivery, a global provider of drug-device combination products, has grown its analytical services capabilities by introducing a new global business unit offering integrated and stand-alone analytical support to the extensive, pharmaceutical, and medical device sectors.

Analytical Standards Market Share, By Region, 2023 (%)

Asia Pacific region is anticipated to grow at the fastest rate over the projected period. The growth of the region can be credited to the expanding biotechnology and pharmaceutical industries, rapid industrialization, and the rising emphasis on food safety standards, particularly in developing economies like India and China. Moreover, to presence of strong healthcare infrastructure in developed countries such as Japan can propel the market growth in the region soon.

Market Overview

Analytical standards market is the market for compounds with high purity and known concentration that are utilized as a calibration reference for experiments. This analytical standard can be used in many industries such as life science, and pharmaceuticals. Veterinary drug, environmental testing, and forensics. This industry involves critical analysis of the sample products. Analytical standards also ensure the accuracy and reliance of the analytical results.

Top 10 Food Companies in the World by Market Capitalization (2022)

Company Market Capitalization in USD Million
Nestle SA 298,409
Mondelez International Inc 75,148
General Mills Inc 45,471
The Hershey Co 45,193
The Kraft Heinz Co 40,868
Danone SA 32,166
Inner Mongolia Yili Industrial Group Co Ltd 29,669
Kellogg Co 23,692
McCormick & Co Inc 19,15
Wilmar International Ltd 17,138

Analytical Standards Market Growth Factors

  • Ongoing advancements in separation techniques are expected to fuel analytical standards market growth shortly.
  • Rising drug development in emerging economies can propel market growth soon.
  • The expansion in advanced chromatography techniques will likely contribute to the market expansion further.

Market Scope

Report Coverage Details
Market Size by 2034 USD 2.77 Billion
Market Size in 2024 USD 1.46 Billion
Market Size in 2025 USD 1.56 Billion
Market Growth Rate from 2024 to 2034 CAGR of 6.60%
Largest Market North America
Base Year 2023
Forecast Period 2024 to 2034
Segments Covered Category, Technique, Application, Methodology, and Regions
Regions Covered North America, Europe, Asia-Pacific, Latin America and Middle East, and Africa

Market Dynamics

Driver

Increasing focus on environmental testing

The growing emphasis on environmental monitoring is creating demand for analytical standards to monitor pollutants in soil, air, and water. Because regulatory organizations are enforcing strict regulations for environmental safety, hence, to meet these standard industries must implement analytical standards. In addition, there is an increasing demand for analytical standards from the pharmaceutical industry due to the rising complexity of medicinal compounds.

  • In November 2024, QIAGEN declared the launch of two new tools for creating and ordering custom options that can be used to support microbial analysis of fungal, bacterial, and viral targets. These new tools enable researchers to personalize their assays and panels for use on the QIAcuity digital PCR system.

Restraint

Shortage of specialized standards

There is an increasing need to regularly monitor developing toxins in the environment including personal care products, pharmaceuticals, and microplastics in the air. Microplastics in air samples must be analyzed by using reference materials having specific particle sizes and polymer compositions. However, reference CRMs for analysis of microplastic are under development conditions, which reduces the precision of measurements.

Opportunity

The growing importance of quality control

In the analytical standard market, vendors in custom synthesis offer an extensive range of options from mg to kg. They also used innovative approaches for reagent synthesis and managed stocks for quick backorders. FDA-compliant entities must keep the specialized standards as they are critical for ensuring consistency and accuracy in analytical testing. Furthermore, the need for accurate and reliable analytical standards will likely grow continuously because industries are increasingly focusing on quality control of products.

  • In March 2023, LGC acquired Lipomed AG’s reference materials business, which involves standards for drug misuse and toxicology applications. The acquisition expands LGC’s reference standards portfolio, enabling customers a wider range of options.

Technique Insights

The spectroscopy segment dominated the analytical standards market in 2023 and is anticipated to grow at the fastest rate over the forecast period. The dominance of the segment can be attributed to the rising adoption of innovative spectroscopic techniques in markets such as environmental testing, environmental testing, and pharmaceuticals. Moreover, the surge in the food and beverage industry along with the strict regulations regarding food safety standards can propel the segment's growth shortly.

  • In June 2024, Thermo Fisher Scientific announced the launch of a new mass spectrometry platform, in addition to several updates to existing products. The new mass spectrometer, called the Stellar, blends fast throughput, high sensitivity, and convenience of use to allow researchers to advance its translational omics research.

Category Insights

The organic analytical standards segment dominated the analytical standards market in 2023. The dominance of the segment can be linked to the rising complexity of organic compounds utilized in environmental testing, pharmaceuticals, and food and beverage. Also, increasing emphasis on environmental protection has led to the surging need for organic analytical standards for the assessment of contaminants and pollutants in air, water, and soil.

Analytical Standards Market  Share, By Category, 2023 (%)

The inorganic analytical standards segment is expected to grow at a steady rate over the forecast period. The growth of the segment can be linked to the growing use of inorganic standards to analyse biological tissues and fluids like urine, blood, and bone. Additionally, the increasing focus on quality assurance in the pharmaceutical and food and beverage industries is a crucial factor boosting the growth of the segment in the market.

Application Insights

The pharmaceutical and life science segment dominated the analytical standards market in 2023. The dominance of the segment is driven by ongoing technological advancements, rising regulatory requirements, and the increasing demand for high-quality analytical data. Analytical standards play an essential role in the life science and pharmaceutical industry. They are important for ensuring the reliability and precision of the measurements leading to segment growth further.

  • In March 2023, Fujitsu announced the launch of a new cloud-based platform that enables users to securely collect and leverage health-related data to boost digital transformation in the medical field. The new offering represents part of Fujitsu’s ongoing efforts to contribute to the creation of a healthy society.

The food and beverage analysis segment is expected to show fastest growth over the projected period. The growth of the segment is due to the growing complications in global food supply chains and the growing requirement for rigorous quality control methods, which has fuelled a demand for analytical standards in this industry. Furthermore, precise measurement of contaminants, ingredients, and nutritional content are important to fix the compliance with regulatory standards.

Methodology Insights

In 2023, the bioanalytical testing segment led the analytical standards market by holding the largest market share. The dominance of the segment can be credited to the increasing use of bioanalytical testing in pharmacokinetic research and drug development that depends substantially on the analytical standards to create consistent and precise data. In addition, the reproducible measurements in analytics can ensure the efficacy and safety of drugs.

  • In August 2024, SGS announced to release of new specialized bioanalytical testing services in North America. The new services can be used in both biopharmaceutical and pharmaceutical applications and will be delivered from a laboratory located in Hudson, New Hampshire.

The stability testing segment is estimated to witness the fastest growth over the forecast period. The growth of the segment can be linked to the increasing demand to ensure product quality coupled with the rising regulatory needs and drug development initiatives. Moreover, in this segment analytical standards are utilized to monitor the deterioration of the drugs over time. This process includes the exposing of samples to many harsh conditions and processing them using spectroscopy.

Analytical Standards Market Companies

Analytical Standards Companies
  • Merck KGaA
  • Waters Corporation
  • Agilent Technologies, Inc.
  • Shimadzu Corporation
  • PerkinElmer Inc.
  • LGC Limited
  • Restek Corporation.
  • AccuStandard
  • Cayman Chemical
  • RICCA Chemical Company

Latest Announcement by Market Leaders

  • In November 2024, leader of Agilent Technologies, Inc. announced that the company would be increasing its periodic dividend on the 22nd of January to $0.248, which will be 5.1% higher than last year's comparable payment amount of $0.236. This will take the dividend yield to an attractive 0.7%, offering a nice boost to shareholder returns.

Recent Developments

  • In March 2023, LGC announced the acquisition of Lipomed AG's reference materials business, which involves standards used in drugs of abuse and toxicology applications. This acquisition significantly improves LGC's existing reference standards portfolio, offering a broader range of providing to its customers.
  • In April 2024, Waters Corporation launched the Alliance iS Bio HPLC System, which has additional capabilities to solve the operational and analytical difficulties of biopharma quality control (QC) laboratories. The new HPLC system mixes superior bio-separation technology with built-in instrument intelligence features.

Segments covered in the report

By Category

  • Organic Analytical Standards
  • In-organic Analytical Standards

By Technique

  • Spectroscopy
    • Atomic Absorption Spectroscopy
    • Mass Spectroscopy
    • IR Spectroscopy
  • Chromatography
    • Ion Chromatography
    • Gas Chromatography
    • Liquid Chromatography
    • Thin Layer Chromatography
    • Others
  • Titrimetry
  • Physical Property Testing
    • Sieve Calibration and Particle Size Testing
    • Viscosity Testing
    • Color Reference Testing
    • Others

By Application

  • Pharmaceutical and Life Science Analysis
  • Environmental Analysis
  • Food and Beverage Analysis
  • Forensic Standards
  • Petrochemical Analysis
  • Veterinary Drug Analysis
  • Others

By Methodology

  • Bioanalytical Testing
  • Stability Testing
  • Raw Material Testing
  • Dissolution testing
  • Others

By Geography

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • Middle East and Africa

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Frequently Asked Questions

The global analytical standards market size is expected to grow from USD 1.46 billion in 2024 to USD 2.77 billion by 2034.

The analytical standards market is anticipated to grow at a CAGR of 6.60% between 2024 and 2034.

The major players operating in the analytical standards market are Merck KGaA, Waters Corporation, Agilent Technologies, Inc., Shimadzu Corporation, PerkinElmer Inc., LGC Limited, Restek Corporation., AccuStandard, Cayman Chemical, RICCA Chemical Company, and Others.

The driving factors of the analytical standards market are the growing emphasis on environmental monitoring also stringent regulations imposed by the government across the globe.

North America region will lead the global analytical standards market during the forecast period 2024 to 2034.

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