“Global Dietary Supplement Contract Manufacturing Market to reach a market value of USD 131.5 Billion by 2031 growing at a CAGR of 12.3%”
The Global Dietary Supplement Contract Manufacturing Market size is expected to reach $131.5 billion by 2031, rising at a market growth of 12.3% CAGR during the forecast period.
As an entertaining and practical substitute for conventional supplement forms like pills and capsules, gummies are a great option. Their chewable format eliminates the need for swallowing large pills, making them especially appealing to children, seniors, and individuals who have difficulty swallowing. Consequently, the gummies segment would acquire nearly 7% of the total market share by 2031. The pleasant taste and texture of gummies, often resembling candy, make them a preferred choice for consumers seeking a more enjoyable supplement experience. Therefore, owing to these factors, the segment will witness increased demand.
The consumer's surge in health and wellness consciousness is fueling a significant uptick in the market. In addition, with busy lifestyles and changing dietary habits, many individuals struggle to obtain adequate nutrition solely from their diet. As a result, nutritional deficiencies have become increasingly prevalent, driving the need for dietary supplements as a convenient and effective solution. Contract manufacturers play a pivotal role in addressing these deficiencies by producing various supplements containing essential vitamins, minerals, and other nutrients. Thus, these factors will lead to enhanced demand in the future. Additionally, Consumer preferences for dietary supplements vary widely based on age, gender, lifestyle, and health goals. Some individuals may seek supplements tailored for specific health concerns, such as joint support, immune health, or cognitive function, while others may prioritize natural, organic, or vegan formulations. Contract manufacturers work closely with brands to understand these preferences and develop customized solutions that meet consumer needs and expectations. Additionally, contract manufacturers collaborate with brands to develop bespoke formulations that address unique health concerns and optimize ingredient efficacy. Hence, these factors will pose lucrative growth prospects for the market.
However, the dietary supplement industry operates within a complex regulatory environment, presenting substantial challenges for contract manufacturers. Moreover, dietary supplement labeling requirements are governed by regulations that mandate accurate and truthful representation of product identity, ingredients, dosage, and health claims. Thus, these factors can hamper the growth of the market.
On the basis of dosage form, the market is divided into tablets, capsules, liquid oral, powder in sachet / jar, gummies, and others. The capsules segment procured a 26% revenue share in the market in 2023. Capsules offer convenience and ease of use, making them popular among consumers seeking dietary supplements. Unlike tablets or powders, capsules are easy to swallow and require minimal preparation, making them ideal for individuals with busy lifestyles. Thus, these aspects will pose lucrative growth prospects for the segment.
Based on product type, the market is segmented into proteins & amino acid supplements, multivitamin, multi-mineral, & antioxidant supplements, weight management & meal replacer supplements, and others. In 2023, the weight management and meal replacer supplements segment garnered 16% revenue share in the market. As individuals become more health-conscious and strive to maintain healthy lifestyles, a growing demand for weight management solutions supporting fitness goals and promoting overall well-being is growing. By creating cutting-edge formulas specifically suited to assist weight management, meal replacement shakes, protein powders, and nutritional supplements intended to boost metabolism and regulate appetite, contract manufacturers play a critical part in satisfying this need.
Free Valuable Insights: Global Dietary Supplement Contract Manufacturing Market size to reach USD 131.5 Billion by 2031
By region, the market is segmented into North America, Europe, Asia Pacific, and LAMEA. The North America segment procured 34.9% revenue share in the market in 2023. North America has witnessed a surge in health and wellness awareness, with consumers seeking dietary supplements to support their overall well-being. Aging populations, escalating healthcare expenses, and a focus on preventative healthcare have all contributed to the region's increased need for dietary supplements. Hence, the segment will expand rapidly in the coming years.
| Report Attribute | Details |
|---|---|
| Market size value in 2023 | USD 52.4 Billion |
| Market size forecast in 2031 | USD 131.5 Billion |
| Base Year | 2023 |
| Historical Period | 2020 to 2022 |
| Forecast Period | 2024 to 2031 |
| Revenue Growth Rate | CAGR of 12.3% from 2024 to 2031 |
| Number of Pages | 229 |
| Number of Tables | 300 |
| Report coverage | Market Trends, Revenue Estimation and Forecast, Segmentation Analysis, Regional and Country Breakdown, Porter’s 5 Forces Analysis, Company Profiling, Companies Strategic Developments, SWOT Analysis, Winning Imperatives |
| Segments covered | Product Type, Dosage Form, Region |
| Country scope |
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| Companies Included | Ashland Inc., Lonza Group Ltd., Captek Softgel International, Inc., DCC Plc , Glanbia PLC, Catalent, Inc., Biotrex Nutraceuticals, Martinez Nieto, S.A., Menadiona SL and Nutrivo LLC |
By Product Type
By Dosage Form
By Geography
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