Insights Into The Nutraceutical Contract Manufacturing Services Market’s Growth Potential 2024-2033
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The nutraceutical contract manufacturing services market is rapidly expanding, with projections from $154.67 billion in 2023 to $174.09 billion in 2024, at a CAGR of 12.6%. This growth is fueled by consumer health awareness and research investments. Forecasts predict further expansion to $281.76 billion in 2028, with a CAGR of 12.8%, driven by aging populations and digital transformation. Emerging trends include immune health focus and e-commerce integration, alongside plant-based formulations and AI-driven formulations.
The nutraceutical contract manufacturing services market is poised for growth due to the escalating prevalence of chronic diseases. Chronic diseases, lasting for three months or longer, are on the rise, with projections indicating a 99.5% increase in individuals aged 50 years and older with one or more chronic illnesses by 2050 in the United States. This trend underscores the need for customized nutraceutical products aimed at managing and preventing these conditions, thereby driving demand for contract manufacturing services that offer accelerated product development and production timelines.
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What Are The Key Trends That Influence 3D IC And 2.5D IC Packaging Market Share Analysis?
Investments in establishing new nutraceutical contract manufacturing facilities are a key trend gaining popularity in the nutraceutical contract manufacturing services market. 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.
Which Market Players Are Driving Growth In The Nutraceutical Contract Manufacturing Services Market?
Major companies operating in the nutraceutical contract manufacturing services market report are 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 Healthcare Pvt Ltd., NutraScience Labs, ABH Pharma Inc., NutraPak USA, Biotrex Nutraceuticals, Nutrafill LLC, Quest Nutra Pharma, EnzymeWorks Inc., Vestanutra.
How Is The Global Nutraceutical Contract Manufacturing Services Market Segmented?
The nutraceutical contract manufacturing services market covered in this report is segmented –
1) By Product: Dietary Supplements, Functional Food And Beverages
2) By Dosage Form: Tablets, Capsules, Liquid Oral, Powder In Sachet Or Jar, Gummies, Energy Bars, Other Forms
3) By End User: Big Pharmaceutical Companies, Small And Medium Sized Pharmaceutical Companies, Generic Pharmaceutical Companies, Other End Users
Read The Full Nutraceutical Contract Manufacturing Services Market Report Here
The Nutraceutical Contract Manufacturing Services Global Market Report 2024 provides an overview of the nutraceutical contract manufacturing servicesmarket 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 services market 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 Template 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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