Australia Nutraceutical Contract Manufacturing Services Market Size & Outlook
Australia nutraceutical contract manufacturing services market, 2018-2030 (US$M)
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Australia nutraceutical contract manufacturing services market highlights
- The Australia nutraceutical contract manufacturing services market generated a revenue of USD 6,920.4 million in 2023 and is expected to reach USD 17,019.7 million by 2030.
- The Australia market is expected to grow at a CAGR of 13.7% 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.
Nutraceutical contract manufacturing services market data book summary
| Market revenue in 2023 | USD 6,920.4 million |
| Market revenue in 2030 | USD 17,019.7 million |
| Growth rate | 13.7% (CAGR from 2023 to 2030) |
| Largest segment | Tablets |
| Fastest growing segment | Liquid Oral |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 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, Australia accounted for 4.6% of the global nutraceutical contract manufacturing services market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China nutraceutical contract manufacturing services market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 33,247.7 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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Australia 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 Australia 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.
Australia has a strong reputation for producing high-quality nutraceutical products. According to the University of South Australia, consumers in Australia spend more money on nutraceuticals and complementary medicine than they spend on prescription drugs.
Yet, the nutraceuticals business is still largely unregulated. By collaborating with local contract manufacturers, companies can access the Australia market and leverage the "Made in Australia" label, which is often associated with quality and safety.
In addition, contract manufacturers with international certifications and regulatory compliance can help nutraceutical companies expand their market reach beyond Australia. The market is expected to witness growth as consumers prioritize health & wellness, and companies seek efficient & reliable manufacturing solutions to meet the growing market demand.
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Target buyers of Australia 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 country-level data and insights on the Australia nutraceutical contract manufacturing services market , including forecasts for subscribers. This country databook contains high-level insights into Australia nutraceutical contract manufacturing services market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Australia nutraceutical contract manufacturing services market size, by service type, 2018-2030 (US$M)
Australia Nutraceutical Contract Manufacturing Services Market Outlook Share, 2023 & 2030 (US$M)
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