Asia Pacific Nutraceutical Contract Manufacturing Services Market Size & Outlook
Asia Pacific nutraceutical contract manufacturing services market, 2018-2030 (US$M)
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Asia Pacific nutraceutical contract manufacturing services market highlights
- The Asia Pacific nutraceutical contract manufacturing services market generated a revenue of USD 67,106.7 million in 2023.
- The market is expected to grow at a CAGR of 13% from 2024 to 2030.
- In terms of segment, tablets was the largest revenue generating service type in 2023.
- Liquid Oral is the most lucrative service type segment registering the fastest growth during the forecast period.
- Country-wise, India is expected to register the highest CAGR from 2024 to 2030.
Asia Pacific data book summary
| Market revenue in 2023 | USD 67,106.7 million |
| Market revenue in 2030 | USD 158,322.5 million |
| Growth rate | 13% (CAGR from 2023 to 2030) |
| Largest segment | Tablets |
| Fastest growing segment | Liquid Oral |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Tablets, Capsules, Liquid Oral, Powder In Sachet / Jar, Gummies, Energy Bars, Other suitable forms (Diskettes, etc.) |
| Key market players worldwide | Ashland Inc, Glanbia PLC, Herbalife Ltd, Menadiona, Twinlab Consolidated Holdings Inc, Nutrivo, Gemini Pharmaceuticals, Rain Nutrience |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 45.1% of the global nutraceutical contract manufacturing services market in 2023.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 158,322.5 million by 2030.
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Nutraceutical Contract Manufacturing Services Market Scope
Nutraceutical Contract Manufacturing Services Market Companies
| Name | Profile | # Employees | HQ | Website |
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Asia Pacific nutraceutical contract manufacturing services market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to nutraceutical contract manufacturing services market will help companies and investors design strategic landscapes.
Tablets was the largest segment with a revenue share of 25.27% in 2023. Horizon Databook has segmented the Asia Pacific nutraceutical contract manufacturing services market based on tablets, capsules, liquid oral, powder in sachet / jar, gummies, energy bars, other suitable forms (diskettes, etc.) covering the revenue growth of each sub-segment from 2018 to 2030.
In 2022, Asia Pacific is anticipated to register a lucrative CAGR over the forecast period. Growth in the region is due to the growing demand for nutraceutical products from various countries, such as China, India, Japan, South Korea, and Australia.
Increasing awareness about health and wellness, changing lifestyles, and a growing aging population are driving the demand for dietary supplements, functional foods, and other nutraceutical products. Consequently, this is improving the need for contract manufacturing services to meet the production requirements.
Furthermore, countries such as China, India, and other Southeast Asian countries offer advantages in terms of labor and production costs compared to other regions. The low manufacturing costs enable companies to produce nutraceutical products more competitively, creating remunerative opportunities for contract manufacturing services in Asia Pacific.
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Target buyers of Asia Pacific nutraceutical contract manufacturing services market databook
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Our clientele includes a mix of nutraceutical contract manufacturing services market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of continent-level data and insights on the Asia Pacific nutraceutical contract manufacturing services market , including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific nutraceutical contract manufacturing services market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Asia Pacific nutraceutical contract manufacturing services market size, by country, 2018-2030 (US$M)
Asia Pacific Nutraceutical Contract Manufacturing Services Market Outlook Share, 2023 & 2030 (US$M)
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