Nutraceutical Contract Manufacturing Services Market: A Technological Odyssey to US$ 466.11 Billion by 2033, as Predicted by FMI

The global Nutraceutical Contract Manufacturing Services Market is poised to attain remarkable growth from 2023 to 2033. According to the research report published by FMI, the global market is projected to cross a valuation of US$ 149.41 billion in 2023. It is likely to reach a valuation of US$ 466.11 billion by 2033.

Nutraceutical products are witnessing a demand surge. In recent years, the awareness of the advantages of consuming nutraceuticals is rising. The increased expenditure on health is likely to flourish in market growth. Additionally, the increasing prevalence of obesity, cardiovascular, and other chronic diseases is giving an impetus to the nutraceutical industry. The mounting demand for functional foods and nutraceutical supplements is projected to drive market growth.

𝐒𝐭𝐚𝐲 𝐈𝐧𝐟𝐨𝐫𝐦𝐞𝐝 𝐀𝐧𝐝 𝐌𝐚𝐤𝐞 𝐒𝐭𝐫𝐚𝐭𝐞𝐠𝐢𝐜 𝐃𝐞𝐜𝐢𝐬𝐢𝐨𝐧𝐬 𝐖𝐢𝐭𝐡 𝐎𝐮𝐫 𝐍𝐮𝐭𝐫𝐚𝐜𝐞𝐮𝐭𝐢𝐜𝐚𝐥 𝐂𝐨𝐧𝐭𝐫𝐚𝐜𝐭 𝐌𝐚𝐧𝐮𝐟𝐚𝐜𝐭𝐮𝐫𝐢𝐧𝐠 𝐒𝐞𝐫𝐯𝐢𝐜𝐞𝐬 𝐌𝐚𝐫𝐤𝐞𝐭 𝐒𝐚𝐦𝐩𝐥𝐞 𝐑𝐞𝐩𝐨𝐫𝐭: 𝐈𝐭 𝐍𝐨𝐰 𝐓𝐨 𝐅𝐮𝐞𝐥 𝐘𝐨𝐮𝐫 𝐁𝐮𝐬𝐢𝐧𝐞𝐬𝐬 𝐅𝐨𝐫𝐰𝐚𝐫𝐝! https://www.futuremarketinsights.com/reports/sample/rep-gb-16902

The evolving landscape of the healthcare industry with remarkable technological developments is anticipated to aid nutraceutical contract manufacturing services market development. The snowballing demand for nutraceuticals is enabling manufacturers to develop and launch newer types of products. Manufacturers are launching products in a myriad of sizes, shapes, and flavors. Soft gels, jellies are a few kinds of nutraceutical products gaining popularity. They are also liked by kids, which creates opportunities for manufacturers to engage in products for young kids. Additionally, jellies are also preferred by the geriatric population, which is a huge target population.

The growing awareness for herbal and organic nutraceuticals is expected to increase nutraceutical contract manufacturing services adoption. Furthermore, the increasing emphasis on providing nutraceuticals for women is a key trend influencing market development. The increasing chronic diseases among female population is driving the development of new nutraceuticals. The launch of functional nutraceutical foods and beverages to address women in specific life stages is predicted to bolster market growth. For instance, WellSource Nutraceuticals launched a nutritional supplement in May 2020. The new supplement was developed for women in fertility programs.

𝐊𝐞𝐲 𝐓𝐚𝐤𝐞𝐚𝐰𝐚𝐲𝐬 𝐟𝐫𝐨𝐦 𝐍𝐮𝐭𝐫𝐚𝐜𝐞𝐮𝐭𝐢𝐜𝐚𝐥 𝐂𝐨𝐧𝐭𝐫𝐚𝐜𝐭 𝐌𝐚𝐧𝐮𝐟𝐚𝐜𝐭𝐮𝐫𝐢𝐧𝐠 𝐒𝐞𝐫𝐯𝐢𝐜𝐞𝐬 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐩𝐨𝐫𝐭:

• In 2018, the global market size stood at nearly US$ 84.59 billion.

• In 2022, the market accounted for a worth of US$ 133.34 billion.

• The functional food and beverages segment is predicted to register a remarkable CAGR of 12.2% from 2023 to 2033.

• Tablets segment is anticipated to hold dominance in dosage form.

• Asia Pacific region accounted for more than 40% global market share in 2022.

𝐑𝐞𝐜𝐞𝐧𝐭 𝐃𝐞𝐯𝐞𝐥𝐨𝐩𝐦𝐞𝐧𝐭𝐬 𝐎𝐛𝐬𝐞𝐫𝐯𝐞𝐝 𝐛𝐲 𝐅𝐌𝐈:

• Impact BioMedical and Nano9 collaborated in January 2021. The alliance aims to extend Impact Biomedical's direct marketing distribution networks in the United States and Asia Pacific.

• In September 2021, Lonza introduced new Vcap Plus capsules based on HPMC. The probiotics and other delicate ingredients' effectiveness is intended to be improved by these capsules.

• In December 2021 AKTA Nutraceuticals introduced a new product line. The brand-new product range supports relaxation, sleep, vitality, and immunity.

• In January 2021, a patent was granted in the United States for Gencor's Testofen fenugreek extract. The patent grant is likely to help the company expand its presence in sports nutrition and men's health supplements.

𝐍𝐮𝐭𝐫𝐚𝐜𝐞𝐮𝐭𝐢𝐜𝐚𝐥 𝐂𝐨𝐧𝐭𝐫𝐚𝐜𝐭 𝐌𝐚𝐧𝐮𝐟𝐚𝐜𝐭𝐮𝐫𝐢𝐧𝐠 𝐒𝐞𝐫𝐯𝐢𝐜𝐞𝐬 𝐌𝐚𝐫𝐤𝐞𝐭 𝐂𝐨𝐮𝐧𝐭𝐫𝐲-𝐰𝐢𝐬𝐞 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐬:

The nutraceutical contract manufacturing services market is influenced by various factors in different countries. Here are insights into a few key regions:

𝐔𝐧𝐢𝐭𝐞𝐝 𝐒𝐭𝐚𝐭𝐞𝐬: The U.S. has one of the largest nutraceutical markets globally. High consumer awareness, a strong demand for dietary supplements, and a favorable regulatory environment have contributed to the growth of the contract manufacturing services market.

𝐄𝐮𝐫𝐨𝐩𝐞: European countries have stringent regulations regarding nutraceutical products, which have led to a focus on quality and safety. Countries like Germany, the UK, and France are major players in this market.

𝐀𝐬𝐢𝐚-𝐏𝐚𝐜𝐢𝐟𝐢𝐜: The Asia-Pacific region, particularly countries like China, India, and Japan, has witnessed significant growth due to a rising middle class, increasing disposable income, and a growing interest in health and wellness products.

𝐋𝐚𝐭𝐢𝐧 𝐀𝐦𝐞𝐫𝐢𝐜𝐚: Countries like Brazil and Mexico have seen an uptick in nutraceutical consumption due to changing lifestyles, urbanization, and the adoption of Western dietary habits.

𝐌𝐢𝐝𝐝𝐥𝐞 𝐄𝐚𝐬𝐭 𝐚𝐧𝐝 𝐀𝐟𝐫𝐢𝐜𝐚: This region is experiencing a gradual increase in demand for nutraceutical products due to improving economic conditions, rising health consciousness, and an expanding retail landscape.

𝐃𝐢𝐬𝐜𝐨𝐯𝐞𝐫 𝐓𝐡𝐞 𝐏𝐨𝐰𝐞𝐫 𝐎𝐟 𝐌𝐞𝐭𝐡𝐨𝐝𝐨𝐥𝐨𝐠𝐲-𝐃𝐫𝐢𝐯𝐞𝐧 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐬 𝐓𝐨𝐝𝐚𝐲! https://www.futuremarketinsights.com/request-report-methodology/rep-gb-16902

𝐊𝐞𝐲 𝐏𝐥𝐚𝐲𝐞𝐫𝐬 𝐢𝐧 𝐭𝐡𝐞 𝐆𝐥𝐨𝐛𝐚𝐥 𝐍𝐮𝐭𝐫𝐚𝐜𝐞𝐮𝐭𝐢𝐜𝐚𝐥 𝐂𝐨𝐧𝐭𝐫𝐚𝐜𝐭 𝐌𝐚𝐧𝐮𝐟𝐚𝐜𝐭𝐮𝐫𝐢𝐧𝐠 𝐒𝐞𝐫𝐯𝐢𝐜𝐞𝐬 𝐌𝐚𝐫𝐤𝐞𝐭:

• Ashland
• Glanbia PLC
• Biotrex Nutraceuticals
• Menadiona
• Martinez Nieto
• Herbalife International of America, Inc.
• NUTRASCIENCE LABS
• Gemini Pharmaceuticals
• American Health Foundations INC.
• NUTRIVO
• Rain Nutrience
• Biovencer Healthcare Pvt. Ltd.

𝐍𝐮𝐭𝐫𝐚𝐜𝐞𝐮𝐭𝐢𝐜𝐚𝐥 𝐂𝐨𝐧𝐭𝐫𝐚𝐜𝐭 𝐌𝐚𝐧𝐮𝐟𝐚𝐜𝐭𝐮𝐫𝐢𝐧𝐠 𝐒𝐞𝐫𝐯𝐢𝐜𝐞𝐬 𝐌𝐚𝐫𝐤𝐞𝐭 𝐒𝐞𝐠𝐦𝐞𝐧𝐭𝐚𝐭𝐢𝐨𝐧:

𝐍𝐮𝐭𝐫𝐚𝐜𝐞𝐮𝐭𝐢𝐜𝐚𝐥 𝐂𝐨𝐧𝐭𝐫𝐚𝐜𝐭 𝐌𝐚𝐧𝐮𝐟𝐚𝐜𝐭𝐮𝐫𝐢𝐧𝐠 𝐒𝐞𝐫𝐯𝐢𝐜𝐞𝐬 𝐛𝐲 𝐏𝐫𝐨𝐝𝐮𝐜𝐭 𝐓𝐲𝐩𝐞:

• Tablets by Nutraceutical Contract Manufacturing Services
• Capsules by Nutraceutical Contract Manufacturing Services
• Liquid Oral by Nutraceutical Contract Manufacturing Services
• Powder In Sachet/Jar by Nutraceutical Contract Manufacturing Services
• Energy Bars by Nutraceutical Contract Manufacturing Services

𝐍𝐮𝐭𝐫𝐚𝐜𝐞𝐮𝐭𝐢𝐜𝐚𝐥 𝐂𝐨𝐧𝐭𝐫𝐚𝐜𝐭 𝐌𝐚𝐧𝐮𝐟𝐚𝐜𝐭𝐮𝐫𝐢𝐧𝐠 𝐒𝐞𝐫𝐯𝐢𝐜𝐞𝐬 𝐛𝐲 𝐃𝐨𝐬𝐚𝐠𝐞 𝐅𝐨𝐫𝐦:

• Dietary Supplements by Nutraceutical Contract Manufacturing Services
• Functional Food and Beverages by Nutraceutical Contract Manufacturing Services

𝐍𝐮𝐭𝐫𝐚𝐜𝐞𝐮𝐭𝐢𝐜𝐚𝐥 𝐂𝐨𝐧𝐭𝐫𝐚𝐜𝐭 𝐌𝐚𝐧𝐮𝐟𝐚𝐜𝐭𝐮𝐫𝐢𝐧𝐠 𝐒𝐞𝐫𝐯𝐢𝐜𝐞𝐬 𝐛𝐲 𝐑𝐞𝐠𝐢𝐨𝐧:

• Nutraceutical Contract Manufacturing Services in North America Market
• Nutraceutical Contract Manufacturing Services in Latin America Market
• Nutraceutical Contract Manufacturing Services in Europe Market
• Nutraceutical Contract Manufacturing Services in Asia Pacific Market
• Nutraceutical Contract Manufacturing Services in the Middle East and Africa Market

𝐀𝐛𝐨𝐮𝐭 𝐅𝐮𝐭𝐮𝐫𝐞 𝐌𝐚𝐫𝐤𝐞𝐭 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐬 (𝐅𝐌𝐈)

Future Market Insights, Inc. (ESOMAR certified, Stevie Award - recipient market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

𝐂𝐨𝐧𝐭𝐚𝐜𝐭 𝐔𝐬:

Future Market Insights Inc.
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This release was published on openPR.