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Nutraceutical Contract Manufacturing Services Market size, Trends, Key Players, Regional Analysis, Share And Forecast To 2032
Nutraceutical Contract Manufacturing Services Market Analysis
The Business Research Company's Nutraceutical Contract Manufacturing Services Global Market Report 2023 identifies rising prevalence of chronic diseases as the major driver for the nutraceutical contract manufacturing services market's growth in the forecast period. Chronic disease refers to a health condition or disease that is long-lasting in its effects, usually lasting for three months or longer, and may get worse over time. Nutraceutical contract manufacturing provides nutraceutical brands with accelerated product development and production timelines for high-quality, customized nutraceutical products that can help manage and prevent chronic diseases.
The global nutraceutical contract manufacturing services market is expected to grow from $137.43 billion in 2022 to $154.87 billion in 2023 at a compound annual growth rate (CAGR) of 12.5%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The nutraceutical contract manufacturing services market is expected to reach $247.14 billion in 2027 at a CAGR of 12.4%.
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Major competitors in the nutraceutical contract manufacturing services market are Nutra Manufacturing Inc., Royal DSM, Lonza Group AG, Glanbia Plc., Herbalife International of America Inc., Catalent Inc.
A key trend in the nutraceutical contract manufacturing services market includes investments in establishing new nutraceutical contract manufacturing facilities. For instance, in March 2023, Evonik Industries AG, a Germany-based specialty chemicals company that provides nutraceutical contract manufacturing services, established a new GMP facility to manufacture lipids for advanced pharmaceutical drug delivery applications. Furthermore, in June 2022, Star Combo Pharma, an Austria-based company that provides nutraceutical contract manufacturing services, established a new facility with an investment of $7.5 million to double its manufacturing output.
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The nutraceutical contract manufacturing services market is segmented -
1) By Product: Dietary Supplements, Functional Food And Beverages
2) By Dosage Form: Tablets, Capsules, Liquid Oral, Powder In Sachet Or Jar, Energy Bars, Other Forms
3) By End User: Big Pharmaceutical Companies, Small And Medium Sized Pharmaceutical Companies, Generic Pharmaceutical Companies, Other End Users
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the nutraceutical contract manufacturing services market.
The Business Research Company's "Global Nutraceutical Contract Manufacturing Services Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Nutraceutical Contract Manufacturing Services Market Include:
1. Executive Summary
2. Nutraceutical Contract Manufacturing Services Market Characteristics
3. Nutraceutical Contract Manufacturing Services Market Trends And Strategies
4. Nutraceutical Contract Manufacturing Services Market - Macro Economic Scenario
5. Global Nutraceutical Contract Manufacturing Services Market Size and Growth
………..
32. Global Nutraceutical Contract Manufacturing Services Market Competitive Benchmarking
33. Global Nutraceutical Contract Manufacturing Services Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Nutraceutical Contract Manufacturing Services Market
35. Nutraceutical Contract Manufacturing Services Market Future Outlook and Potential Analysis
36. Appendix
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