Insights Into The Nutraceutical Contract Manufacturing Services Market’s Growth Potential 2023-2032
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The global nutraceutical contract manufacturing services market is poised for remarkable growth, with forecasts indicating a promising future. This thriving market is driven by the increasing prevalence of chronic diseases and substantial investments in establishing new manufacturing facilities. In this blog, we will delve into the key factors and trends propelling the nutraceutical contract manufacturing services market forward.
Battling Chronic Diseases with Nutraceuticals
- Unmasking Chronic Diseases
- Chronic diseases are long-lasting health conditions that often worsen over time, lasting for three months or more.
- Nutraceutical Contract Manufacturing’s Role
- Nutraceutical contract manufacturing enables the development and production of high-quality, customized products for managing and preventing chronic diseases.
- A Global Challenge
- In the United States, individuals aged 50 and older with one or more chronic illnesses are projected to increase by 99.5% by 2050, reaching 142.66 million, up from 71.522 million in 2020.
- Aging and Health
- The National Council on Aging reported that approximately 80% of individuals aged 65 and older in the US will have at least one chronic ailment, with 68% having two or more.
- Driving Market Growth
- The rising prevalence of chronic diseases is a major driver of the nutraceutical contract manufacturing services market.
Key Players in the Industry
- Industry Titans
- Major players in the nutraceutical contract manufacturing services market include Nutra Manufacturing Inc., Royal DSM, Lonza Group AG, and many others.
- A Diverse Landscape
- From global contract manufacturers like Catalent Inc. to specialized nutraceutical companies like Nutrivo, the market showcases diversity.
Investing in Manufacturing Facilities
- A Trend Towards Expansion
- A notable trend in the market is the significant investments made in establishing new manufacturing facilities.
- Evonik’s New GMP Facility
- In March 2023, Evonik Industries AG established a new Good Manufacturing Practice (GMP) facility for the manufacture of lipids for advanced pharmaceutical drug delivery applications.
- Star Combo Pharma’s Expansion
- In June 2022, Star Combo Pharma invested $7.5 million to double its manufacturing output with a new facility.
Market Segmentation: A Detailed Overview
The global nutraceutical contract manufacturing services market is segmented based on various criteria, including product type, dosage form, and end-users. Here’s a closer look:
- By Product
- Dietary Supplements
- Functional Food and Beverages
- By Dosage Form
- Tablets
- Capsules
- Liquid Oral
- Powder in Sachet or Jar
- Gummies
- Energy Bars
- Other Forms
- By End-Users
- Big Pharmaceutical Companies
- Small and Medium-Sized Pharmaceutical Companies
- Generic Pharmaceutical Companies
- Other End-Users
Regional Dynamics
- Asia-Pacific Leads the Way
- In 2022, Asia-Pacific established itself as the largest region in the nutraceutical contract manufacturing services market, reflecting the region’s commitment to advanced healthcare solutions.
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The Nutraceutical Contract Manufacturing Services Global Market Report 2023 provides an overviewof the nutraceutical contract manufacturing services market for the time series: historic years (2010 -2021) and ten years forecast (2023 – 2032).The nutraceutical contract manufacturing services market forecast analyzes nutraceutical contract manufacturing servicesmarket size, nutraceutical contract manufacturing services market share,leading competitor and their market positions.
The Table Of Content For The Nutraceutical Contract Manufacturing Services Market Include:
1. Nutraceutical Contract Manufacturing Services Market Executive Summary
2. Nutraceutical Contract Manufacturing Services Market Segments
3. Nutraceutical Contract Manufacturing Services Market Size And Nutraceutical Contract Manufacturing Services Market Growth Rate
4. Key Nutraceutical Contract Manufacturing Services Market Trends
5. Major Nutraceutical Contract Manufacturing Services Market Drivers
……
25. Key Mergers And Acquisitions In The Nutraceutical Contract Manufacturing Services Market
26. Top Nutraceutical Contract Manufacturing Services Companies
27. Nutraceutical Contract Manufacturing Services Market Opportunities And Strategies
28. Nutraceutical Contract Manufacturing Services Market, Conclusions And Recommendations
29. Appendix
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