Nutraceutical Contract Manufacturing Services Market is set to Reach US$ 466.11 Million, Expanding at a CAGR of 12.05% during Forecast 2033 End

NEWARK, DE / ACCESSWIRE / June 7, 2023 / 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, 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.

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, and gummies 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, gummies and jellies are also preferred by the geriatric population, which is a huge target population.

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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 number of chronic diseases among the 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.

Top Highlights from FMI's Analysis:

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.

The tablets segment is anticipated to hold dominance in dosage form.

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

Key Developments in this Market:

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.

Major Players:

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

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Key Segments in this Market are:

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

Gummies 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

Table of Content (ToC):

1. Executive Summary | Nutraceutical Contract Manufacturing Services Market

1.1. Global Market Outlook

1.2. Demand-side Trends

1.3. Supply-side Trends

1.4. Technology Roadmap Analysis

1.5. Analysis and Recommendations

2. Market Overview

2.1. Market Coverage / Taxonomy

2.2. Market Definition / Scope / Limitations

3. Market Background

3.1. Market Dynamics

3.1.1. Drivers

3.1.2. Restraints

3.1.3. Opportunity

3.1.4. Trends

3.2. Scenario Forecast

3.2.1. Demand in Optimistic Scenario

3.2.2. Demand in Likely Scenario

3.2.3. Demand in Conservative Scenario

3.3. Opportunity Map Analysis

3.4. Investment Feasibility Matrix

3.5. PESTLE and Porter's Analysis

3.6. Regulatory Landscape

3.6.1. By Key Regions

3.6.2. By Key Countries

3.7. Regional Parent Market Outlook

4. Global Market Analysis 2018 to 2022 and Forecast, 2023 to 2033

4.1. Historical Market Size Value (US$ Million) Analysis, 2018 to 2022

4.2. Current and Future Market Size Value (US$ Million) Projections, 2023 to 2033

4.2.1. Y-o-Y Growth Trend Analysis

4.2.2. Absolute $ Opportunity Analysis

5. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Dosage Form

5.1. Introduction / Key Findings

5.2. Historical Market Size Value (US$ Million) Analysis By Dosage Form, 2018 to 2022

5.3. Current and Future Market Size Value (US$ Million) Analysis and Forecast By Dosage Form, 2023 to 2033

5.3.1. Tablets

5.3.2. Capsules

5.3.3. Liquid Oral

5.3.4. Gummies

5.3.5. Energy Bars

5.3.6. Other suitable forms

5.4. Y-o-Y Growth Trend Analysis By Dosage Form, 2018 to 2022

5.5. Absolute $ Opportunity Analysis By Dosage Form, 2023 to 2033

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