Nutraceutical Contract Manufacturing Services Market To Reach $329.84 Billion By 2030

Nutraceutical Contract Manufacturing Services Market Growth & Trends

The global nutraceutical contract manufacturing services market size is expected to reach USD 329.84 billion by 2030, advancing at a CAGR of 12.04% during the forecast period, according to a new report by Grand View Research, Inc. The contract manufacturing industry is expected to experience rapid growth due to the increasing demand for nutraceutical products across the world.

Contract manufacturing involves outsourcing manufacturing processes to an external partner that specializes in the production of a specific product. This partner will oversee the entire process, from sourcing raw materials to the final packaging and delivery of the finished product. Adopting this approach can help companies reduce costs and increase efficiency while allowing them to focus on their core competencies. Additionally, contract manufacturing provides smaller companies with access to the latest technologies and production methods, which is an important factor driving the growth of the market for nutraceutical contract manufacturing services.

The growing awareness of the health benefits of natural ingredients and the increasing focus on preventive healthcare, coupled with the increasing prevalence of chronic diseases such as diabetes and heart disease, is fueling the demand for nutraceuticals. This, in turn, is driving the growth of the market for nutraceutical contract manufacturing services. Contract manufacturers are well-equipped with the latest technologies and processes, enabling them to produce nutraceuticals with higher quality, consistency, and cost-effectiveness. Moreover, contract manufacturing allows the flexibility to produce nutraceuticals in small batches or in large quantities, depending on the demand.

In addition to investment and acquisitions, companies are introducing nutraceutical contract manufacturing services to meet the growing demand for tailored and personalized dietary supplements.  For instance, in February 2023, Activ’Inside, a French provider of botanical ingredients for dietary supplements, invested USD 13 million to construct a contract manufacturing facility in France, in order to provide customers with a comprehensive service ranging from scientifically-validated ingredients to personalized dietary supplements.

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Nutraceutical Contract Manufacturing Services Market Report Highlights

• On the basis of product, the market is segmented into dietary supplements and functional food & beverages. The functional food and beverages segment dominated the market with a revenue share of 64.40% in 2022

• Based on dosage form, the dietary supplements segment is categorized into tablets, capsules, gummies, powder in sachet/jar, energy bars, and liquid oral, among others. The tablet dosage form held the dominant share of 24.48% in 2022, owing to its convenience, ease of use, and precise dosage control

• On the basis of region, North America dominated the market with a share of 34.23% in 2022, owing to the large presence of nutraceutical players in the U.S. and extensive technological advancements in manufacturing capabilities in the region

• The market is fragmented and competitive owing to the presence of several small and large market players. These companies offer nutraceutical contract manufacturing services spanning multiple segments, including dietary supplements, functional foods, and beverages

Nutraceutical Contract Manufacturing Services Market Segmentation

Grand View Research has segmented the global nutraceutical contract manufacturing services market on the basis of product and region: 

Nutraceutical Contract Manufacturing Services Product Outlook (Revenue, USD Billion, 2018 - 2030)

• Dietary Supplements

  • By Type

    • Proteins & Amino Acid Supplements

    • Weight Management and Meal Replacer Supplements

    • Multivitamin, Multi-Mineral, and Antioxidant Supplements

    • Other Supplements

  • By Dosage Form

    • Tablets

    • Capsules

    • Liquid Oral

    • Powder In Sachet / Jar

    • Gummies

    • Energy Bars

    • Other Suitable Forms

• Functional Food and Beverages

Nutraceutical Contract Manufacturing Services Regional Outlook (Revenue, USD Billion, 2018 - 2030)

• North America

  • U.S.

  • Canada

• Europe

  • Germany

  • U.K.

  • France

  • Italy

  • Spain

  • Denmark

  • Sweden

  • Norway

• Asia Pacific

  • China

  • India

  • Japan

  • Australia

  • South Korea

  • Thailand

• Latin America

  • Brazil

  • Mexico

  • Argentina

• MEA

  • South Africa

  • Saudi Arabia

  • UAE

  • Kuwait

List of Key Players in the Nutraceutical Contract Manufacturing Services Market

• Ashland

• Glanbia plc

• Herbalife International of America, Inc

• Biotrex Nutraceuticals

• Martínez Nieto

• Menadiona

• NUTRASCIENCE LABS

• NUTRIVO

• American Health Foundations, Inc.

• Gemini Pharmaceuticals

• Biovencer Healthcare Pvt Ltd

• Rain Nutrience