Global Nutraceutical Contract Manufacturing Services Market Major Trends And Growth Drivers

The Business Research Company has updated its global market reports with latest data for 2024 and projections up to 2033

LONDON, GREATER LONDON , UK, June 28, 2024 /EINPresswire.com/ -- The nutraceutical contract manufacturing services market size has witnessed substantial growth, expanding from $154.67 billion in 2023 to an estimated $174.09 billion in 2024, marking a compound annual growth rate (CAGR) of 12.6%. This growth is driven by heightened consumer health awareness, increased demand for preventive healthcare solutions, regulatory compliance requirements, customization preferences among consumers, and the burgeoning e-commerce platforms facilitating product accessibility.

Rising Demand for Customized Nutraceutical Solutions
The forecasted growth in the nutraceutical contract manufacturing services market, expected to reach $281.76 billion by 2028 at a CAGR of 12.8%, is attributed to substantial investments in research and development, the aging global population's focus on healthy aging, growing consumer preference for clean label products, and the ongoing digital transformation. Key trends shaping the market include a strong emphasis on immune health, the rise of plant-based and vegan formulations, increasing interest in CBD and hemp-derived products, integration of e-commerce channels, and the adoption of AI-driven formulation technologies.

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Nutraceutical Contract Manufacturing Services Market Major Players and Innovations
Leading companies in the nutraceutical contract manufacturing services market, such as Nutra Manufacturing Inc., Royal DSM, and Lonza Group AG, are at the forefront of innovation. These companies focus on enhancing production capabilities to meet the diverse needs of their clients. For instance, Catalent Inc. and Ashland Global Holdings Inc. have leveraged their expertise in manufacturing high-quality nutraceutical products to cater to the growing global demand.

In a notable development, Lallemand Health Solutions introduced Expert'Biome CDMO in November 2023, a state-of-the-art contract manufacturing and development platform designed to advance next-generation probiotic strains. This platform offers comprehensive services ranging from strain characterization to commercial-scale production, adhering to stringent quality standards such as cGMP Pharma.

Nutraceutical Contract Manufacturing Services Market Segments
The nutraceutical contract manufacturing services market is segmented based on product type, dosage form, and end-user categories:
• Product Types: Dietary Supplements, Functional Food And Beverages
• Dosage Forms: Tablets, Capsules, Liquid Oral, Powder In Sachet Or Jar, Gummies, Energy Bars, Other Forms
• End Users: Big Pharmaceutical Companies, Small And Medium-Sized Pharmaceutical Companies, Generic Pharmaceutical Companies, Other End Users

Regional Insights: Asia-Pacific Leading the Way
In 2023, Asia-Pacific emerged as the largest region in the nutraceutical contract manufacturing services market and is expected to maintain its lead through the forecast period. The region benefits from a robust manufacturing infrastructure and growing investments in healthcare and wellness sectors.

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Nutraceutical Contract Manufacturing Services Global Market Report 2024 from TBRC covers the following information:
• Market size data for the forecast period: Historical and Future
• Market analysis by region: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
• Market analysis by countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Trends, opportunities, strategies and so much more.
The Nutraceutical Contract Manufacturing Services Global Market Report 2024 by The Business Research Company is the most comprehensive report that provides insights on nutraceutical contract manufacturing services market size, nutraceutical contract manufacturing services market drivers and trends, nutraceutical contract manufacturing services market major players, competitors' revenues, market positioning, and market growth across geographies. The nutraceutical contract manufacturing services market report helps you gain in-depth insights on opportunities and strategies. Companies can leverage the data in the report and tap into segments with the highest growth potential.

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