Market revenue in 2023 | USD 5,331.2 million |
Market revenue in 2030 | USD 12,027.6 million |
Growth rate | 12.3% (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 |
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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 UK 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, the UK dominated the Europe nutraceutical contract manufacturing services market. According to a survey by the International Health Racquet and Sportsclub Association, around 10.3 million gym members were registered in the UK as of 2021, accounting for more than 15% of the country’s population.
With the increasing number of health enthusiasts in the country, the demand for nutraceuticals is expected to surge. This is expected to propel the demand for contract manufacturing of nutraceuticals. Moreover, major contract manufacturing service providers are expanding their facilities to address the rising demand for nutraceuticals in the UK, accelerating market growth.
For instance, ParkAcre, a leading manufacturer in the nutraceuticals industry, revealed its plans to expand and redevelop its manufacturing facility in Lincoln. This expansion enhances ParkAcre’s storage capacity for packing, raw materials, and finished goods, allowing it to maintain its rapid growth and profitability.
Horizon Databook provides a detailed overview of country-level data and insights on the UK nutraceutical contract manufacturing services market , including forecasts for subscribers. This country databook contains high-level insights into UK nutraceutical contract manufacturing services market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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