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2025-2034 Nutraceutical Contract Manufacturing Services Market Evolution: Disruptions, Innovations, and Untapped Opportunities
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.What Is the Expected CAGR for the Nutraceutical Contract Manufacturing Services Market Through 2025?
The market size for contract manufacturing services in the nutraceutical sector has seen a swift expansion in the last few years. The market value, which is projected to be at $174.09 billion in 2024, is predicted to elevate to $194.89 billion in 2025, marking a compound annual growth rate (CAGR) of 11.9%. Factors contributing to the growth during the historical period include rising health consciousness among consumers, an increase in preventive healare, adherence to regulatory norms, a surge in consumer demand for personalized products, and the expansion of e-commerce platforms.
What's the Projected Size of the Global Nutraceutical Contract Manufacturing Services Market by 2029?
Expectations are high for the nutraceutical contract manufacturing services market, as it is predicted to experience substantial growth in the coming years. The market is projected to expand to $305.64 billion by 2029, with a compound annual growth rate (CAGR) of 11.9%. Factors driving this growth over the forecast period include investments in research and development, the rise of an aging population committed to healthful aging, high demand for products with a clean label, and advancements in digital transformation. The period is set to witness trends like increased attention to immune health, development of plant-based and vegan products, introduction of and hemp-derived items, integration of e-commerce, and the utilization of AI and data-driven formulations.
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Top Growth Drivers in the Nutraceutical Contract Manufacturing Services Industry: What's Accelerating the Market?
The increase in chronic illnesses is anticipated to boost the nutraceutical contract manufacturing services market's growth. A chronic disease is a health issue that lasts for a protracted period, typically three months or more, and may worsen over time. Nutraceutical contract manufacturing offers quick product development and production schedules for high-quality, tailored nutraceutical items that can aid in chronic disease management and prevention. For instance, data from the Australian Institute of Health and Welfare, a government-run agency in Australia, showed that in June 2024, the mortality rate from chronic illnesses jumped from 459 per 100,000 people in 2021 to 490 per 100,000 people in 2022. Consequently, the increasing frequency of chronic diseases is expected to fuel the nutraceutical contract manufacturing services market's expansion.
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What Are the Key Trends Driving Nutraceutical Contract Manufacturing Services Market Growth?
A predominant trend emerging within the nutraceutical contract manufacturing services market is the sizable investments going into the construction of new nutraceutical contract manufacturing facilities. For example, Evonik Industries AG, a German specialty chemicals firm that offers nutraceutical contract manufacturing services, announced in March 2023 the inauguration of a novel GMP facility designed to produce lipids for sophisticated pharmaceutical drug delivery applications. Additionally, in June 2022, look to Star Combo Pharma, an Austrian firm also in the business of providing nutraceutical contract manufacturing services. They invested a hefty $7.5 million into the establishment of a new plant to effectively double their manufacturing capabilities.
What Are the Main Segments in the Nutraceutical Contract Manufacturing Services Market?
The nutraceutical contract manufacturing services market covered in this report is segmented -
1) By Product: s 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
Subsegments:
1) By s: Vitamins And Minerals Herbal Supplements Protein Supplements Omega Fatty Acids Probiotics Other s
2) By Functional Food And Beverages: Functional Beverages Functional Foods Nutrient-Enriched Foods Other Functional Products
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Which Top Companies are Driving Growth in the Nutraceutical Contract Manufacturing Services Market?
Major companies operating in the nutraceutical contract manufacturing services market include Nutra Manufacturing Inc., Royal DSM, Lonza Group AG, Glanbia Plc., Herbalife International of America Inc., Catalent Inc., Ashland Global Holdings Inc., American Health Foundations Inc., Nutraceutical Corporation, Robinson Pharma Inc., Gemini Pharmaceuticals Inc., Nutrivo, Menadiona, NutraLab Canada Ltd., Martínez Nieto, Rain Nutrience Ltd., Biovencer Healare Pvt Ltd., NutraScience Labs, ABH Pharma Inc., NutraPak USA, Biotrex Nutraceuticals, Nutrafill LLC, Quest Nutra Pharma, EnzymeWorks Inc., Vestanutra
Which Regions Will Dominate the Nutraceutical Contract Manufacturing Services Market Through 2029?
Asia-Pacific was the largest region in the nutraceutical contract manufacturing services market in 2024. The regions covered in the nutraceutical contract manufacturing services market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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