Latin America Nutraceutical Contract Manufacturing Services Market Size & Outlook
- HC Outsourcing
- Clinical & Non-Clinical Outsourcing Services
- Nutraceutical Contract Manufacturing Services Market Outlook
- Clinical & Non-Clinical Outsourcing Services
Latin America Nutraceutical Contract Manufacturing Services Market, 2018-2030 (US$M)
Global Market
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Latin America nutraceutical contract manufacturing services market highlights
- The Latin America nutraceutical contract manufacturing services market generated a revenue of USD 11,163.8 million in 2023.
- The market is expected to grow at a CAGR of 2.4% 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.
Latin America data book summary
| Market revenue in 2023 | USD 11,163.8 million |
| Market revenue in 2030 | USD 13,193.5 million |
| Growth rate | 2.4% (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, Latin America region accounted for 7.5% 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.
The growing investment in outsourcing nutraceuticals in the region is expected to drive the nutraceutical contract manufacturing services market in Latin America. In addition, people are becoming increasingly concerned with their health due to social and economic advancement.
This is increasing the annual consumption of healthy food products and supplements in Latin America. Hence, manufacturers are increasing their product offerings by opting for contract manufacturing services to produce nutraceuticals.
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Nutraceutical Contract Manufacturing Services Market Scope
Nutraceutical Contract Manufacturing Services Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Glanbia PLC | View profile | 5,534 | Ring Road, Glanbia House, Kilkenny, Ireland, R95 E866 | www.glanbia.com |
| Herbalife Ltd | View profile | 9,200 | Ugland House, South Church Street, P.O. Box 309GT, Grand Cayman, Cayman Islands, KY1-1104 | www.herbalife.com |
| Ashland Inc | View profile | 3,800 | 8145 Blazer Drive, Wilmington, DE, United States, 19808 | www.ashland.com |
| Twinlab Consolidated Holdings Inc | View profile | 18 | 4800 T-Rex Avenue, Suite 225, Boca Raton, FL, United States, 33431 | www.tchhome.com |
| Menadiona | View profile | 51-100 | Barcelona, Catalonia, Spain, Europe | www.menadiona.com/ |
| Nutrivo | View profile | 101-250 | Aurora, Illinois, United States, North America | www.nutrivo.com/ |
| Gemini Pharmaceuticals | View profile | 101-250 | Commack, New York, United States, North America | geminipharm.com |
| Rain Nutrience | View profile | 51-100 | Dunkeswell, Devon, United Kingdom, Europe | rainuk.com |
Latin America 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 Outlook 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 Latin America 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.
The growing investment in outsourcing nutraceuticals in the region is expected to drive the nutraceutical contract manufacturing services market in Latin America. In addition, people are becoming increasingly concerned with their health due to social and economic advancement.
This is increasing the annual consumption of healthy food products and supplements in Latin America. Hence, manufacturers are increasing their product offerings by opting for contract manufacturing services to produce nutraceuticals.
- Latin America Nutraceutical Contract Manufacturing Services Market Service Type Outlook (Revenue, USD Million , 2018-2030)
- Tablets
- Capsules
- Liquid Oral
- Powder In Sachet / Jar
- Gummies
- Energy Bars
- Other suitable forms (Diskettes, etc.)
- Latin America Nutraceutical Contract Manufacturing Services Market Product Outlook (Revenue, USD Million , 2018-2030)
- Dietary Supplements
- Functional Food and Beverages
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Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America Nutraceutical Contract Manufacturing Services Market Outlook, including forecasts for subscribers. This continent databook contains high-level insights into Latin America Nutraceutical Contract Manufacturing Services Market Outlook from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Latin America nutraceutical contract manufacturing services market statistics, by service type, 2018-2030 (US$M)
