The Business Research Company’s Nutraceutical Contract Manufacturing Services Global Market Report 2023 is the most detailed report available on the market, including broad forecast periods and multiple geographies. The report covers the historic period – 2010-2021, and the forecast period – 2023-2032. The Nutraceutical Contract Manufacturing Services Global Market Report 2023 evaluates nutraceutical contract manufacturing services market size, growth rate, drivers, trends, and major companies.
The report provides a global perspective by covering 60 geographies and focusing on major economies in each region – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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The global nutraceutical contract manufacturing services market is expected to grow from $137.43 billion in 2022 to $154.87 billion in 2023 at a compound annual growth rate (CAGR) of 12.5%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The nutraceutical contract manufacturing services market is expected to reach $247.14 billion in 2027 at a CAGR of 12.4%.
The rising prevalence of chronic diseases is expected to drive the growth of the nutraceutical contract manufacturing services market going forward. Chronic disease refers to a health condition or disease that is long-lasting in its effects, usually lasting for three months or longer, and may get worse over time. Nutraceutical contract manufacturing provides nutraceutical brands with accelerated product development and production timelines for high-quality, customized nutraceutical products that can help manage and prevent chronic diseases. For instance, in January 2023, according to the National Center for Biotechnology Information (NCBI), a US-based international resource for the scientific research community, the number of individuals aged 50 years and older who have one or more chronic illnesses and is projected to rise by 99.5%, reaching 142.66 million by 2050, up from 71.522 million in 2020 in the United States. Furthermore, in April 2022, according to statistics published in the National Council on Aging’s report, a US-based charitable organization for older Americans with service providers and policymakers, approximately 80% of persons aged 65 and older will have at least one chronic ailment, with 68% having two or more in the United States. Therefore, the rising prevalence of chronic diseases is expected to propel the growth of the nutraceutical contract manufacturing services market.
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The nutraceutical contract manufacturing services market segments in the report are:
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
The table of contents in TBRC’s nutraceutical contract manufacturing services market report includes:
- Executive Summary
- Nutraceutical Contract Manufacturing Services Market Characteristics
- Nutraceutical Contract Manufacturing Services Market Trends And Strategies
- Nutraceutical Contract Manufacturing Services Market – Macro Economic Scenario
- Nutraceutical Contract Manufacturing Services Market Segmentation.
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- Global Nutraceutical Contract Manufacturing Services Market Competitive Benchmarking
- Global Nutraceutical Contract Manufacturing Services Market Competitive Dashboard
- Key Mergers And Acquisitions In The Nutraceutical Contract Manufacturing Services Market
- Nutraceutical Contract Manufacturing Services Market Future Outlook and Potential Analysis
- Appendix
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