Nutraceutical Contract Manufacturing Services Global Market Report 2023: Expanding Healthcare Infrastructure and Demand for Personalized Nutrition Fuels Growth – ResearchAndMarkets.com

DUBLIN–(BUSINESS WIRE)–The “Nutraceutical Contract Manufacturing Services Market By Dosage Form, By Product, and by Region – Global Forecast to 2023-2033” report has been added to ResearchAndMarkets.com’s offering.

The nutraceutical contract manufacturing services market size is estimated to be USD 114.2 billion in 2022 and is expected to witness a CAGR of 12.01% during the forecast period 2023-2033.

Increasing health consciousness, growing need for personalized nutrition, increasing use of modern technology and expanding healthcare infrastructure are projected to drive the market growth in near future. Furthermore, rising approval and product launch are some other factors supporting the market growth. However, low quality control, and regulatory challenges will limit the market growth.

Increasing product approval and launch is predicted to fuel the market growth during the forecast period. For instance, Gencor’s Testofen fenugreek extract, which is utilized in sports nutrition and men’s health supplements, was granted a US patent in January 2021.

The expansion of the healthcare infrastructure and increased use of contemporary technology are anticipated to drive market growth throughout the anticipated timeframe. For instance, Lonza announced the release of its new HPMC-based Vcaps Plus capsules in September 2021. These capsules are intended to enhance the performance of probiotics and other delicate components.

Segmentation

By Dosage Form

The market is categorized into tablets, capsules, liquid oral, powder in sachet /jar, gummies, energy bars. In 2022, tablets segment accounted for the highest revenue share in the nutraceutical contract manufacturing services market and is expected to maintain its dominance during the forecast period. This is attributed to ease of manufacturing, shelf stability, and tablets can be customized with different coatings, shapes, and sizes to meet the specific needs and preferences of consumers. For instance, in collaboration with the Nutraceutical Sciences Institute, Nature’s Sunshine Products introduced a new range of immune-supporting supplements in November 2021, comprising elderberry candies and pills.

By Product

The market is divided into dietary supplements and functional food and beverages. In 2022, functional food and beverages segment accounted for the highest revenue share in the nutraceutical contract manufacturing services market and is expected to maintain its dominance during the forecast period. This is attributed to the consumer awareness of the importance of a healthy diet and the potential health benefits of consuming functional foods. For instance, the LactoSpore probiotic strain, utilized in dietary supplements and functional meals, was granted a US patent by Sabinsa Corporation in October 2020.

Regional Markets

In 2022, North America region accounted for the highest revenue in the nutraceutical contract manufacturing services market and is expected to maintain its dominance during the forecast period. This is attributed to presence of key market players, growing prevalence of chronic diseases, and strong academic and research institutions. For instance, Royal DSM announced in August 2021 that it had acquired First Choice Ingredients, a Wisconsin-based supplier of natural dairy flavours and ingredients for the food and beverage industry, including nutraceuticals. period. This is a result of the unmet medical needs in the region, growing scientific research, and rapid economic development. The production of distinctive products is in high demand.

Key Topics Covered:

1. Research Methodology

2. Introduction: Nutraceutical Contract Manufacturing Services

3. Executive Summary

4. Market Dynamics

5. Market Environment Analysis

6. COVID-19 Impact Analysis: Nutraceutical Contract Manufacturing Services Market

7. Market Analysis by Dosage Form

8. Market Analysis by Product

9. Regional Market Analysis

10. North America Nutraceutical Contract Manufacturing Services Market

11. Europe Nutraceutical Contract Manufacturing Services Market

12. Asia Pacific Nutraceutical Contract Manufacturing Services Market

13. Latin America Nutraceutical Contract Manufacturing Services Market

14. MEA Nutraceutical Contract Manufacturing Services Market

15. Competitor Analysis

16. Company Profiles

17. Conclusion & Recommendations

A selection of companies mentioned in this report includes

• Lonza Group AG
• Catalent Inc.
• Archer Daniels Midland Company
• Royal DSM N.V.
• NBTY Inc. (Now known as The Nature’s Bounty Co.)
• Glanbia plc
• Capsugel (now part of Lonza Group AG)
• Nutraceutical International Corporation
• Schiff Nutrition International Inc.
• Nature’s Products Inc.

For more information about this report visit https://www.researchandmarkets.com/r/izewif

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