Middle East & Africa 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
Middle East Africa Nutraceutical Contract Manufacturing Services Market, 2018-2030 (US$M)
Global Market
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MEA nutraceutical contract manufacturing services market highlights
- The MEA nutraceutical contract manufacturing services market generated a revenue of USD 4,465.5 million in 2023.
- The market is expected to grow at a CAGR of 12% 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.
MEA data book summary
| Market revenue in 2023 | USD 4,465.5 million |
| Market revenue in 2030 | USD 9,895.2 million |
| Growth rate | 12% (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, MEA region accounted for 3.0% 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 increasing awareness of health consciousness among consumers and the availability of advanced technologies are expected to boost the nutraceutical contract manufacturing market. In addition, the development of the region-specific pharmaceutical and food industries is expected to further fuel the growth in the nutraceutical contract manufacturing market.
As the economies in the MEA continue to develop, disposable incomes are increasing among the population. This has resulted in higher purchasing power and a willingness to spend on premium & healthy products, including nutraceuticals. Furthermore, rapid urbanization and changing lifestyles have increased sedentary habits, stress, and unhealthy dietary patterns.
This is increasing the prevalence of chronic diseases and a greater need for preventive healthcare solutions. Nutraceuticals are seen as a way to supplement and support a healthy lifestyle. Some of the key players operating in the region are Urban Nutrition, ALPHA SPORTS NUTRITION, Energy Supplements, and others.
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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 |
Middle East & Africa 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 Middle East & Africa 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 increasing awareness of health consciousness among consumers and the availability of advanced technologies are expected to boost the nutraceutical contract manufacturing market. In addition, the development of the region-specific pharmaceutical and food industries is expected to further fuel the growth in the nutraceutical contract manufacturing market.
As the economies in the MEA continue to develop, disposable incomes are increasing among the population. This has resulted in higher purchasing power and a willingness to spend on premium & healthy products, including nutraceuticals. Furthermore, rapid urbanization and changing lifestyles have increased sedentary habits, stress, and unhealthy dietary patterns.
This is increasing the prevalence of chronic diseases and a greater need for preventive healthcare solutions. Nutraceuticals are seen as a way to supplement and support a healthy lifestyle. Some of the key players operating in the region are Urban Nutrition, ALPHA SPORTS NUTRITION, Energy Supplements, and others.
- Middle East & Africa 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.)
- Middle East & Africa 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 Middle East & Africa Nutraceutical Contract Manufacturing Services Market Outlook, including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa Nutraceutical Contract Manufacturing Services Market Outlook from 2018 to 2030, including revenue numbers, major trends, and company profiles.
MEA nutraceutical contract manufacturing services market statistics, by service type, 2018-2030 (US$M)
