Product ID: UCMIG35I2317
Report ID:
UCMIG35I2317 |
Region:
Global |
Published Date: Upcoming |
Pages:
165
| Tables: 55 | Figures: 60
In 2022, the global market for nutraceuticals contract development and manufacturing organizations (CDMOs) was valued at USD 37.3 billion. It is projected to exhibit a compound annual growth rate (CAGR) of 7.7% from 2023 to 2030. This growth is being primarily propelled by factors such as an upsurge in research and development endeavors, a heightened demand for nutraceutical products, and the increasing number of small to medium-sized pharmaceutical manufacturers seeking external partners for their production needs. Additionally, the escalating emphasis on bolstering immunity and overall well-being is fueling the request for dietary supplements, vitamins, and various nutraceuticals, thereby driving the need for novel products.
This report is being written to illustrate the market opportunity by region and by segments, indicating opportunity areas for the vendors to tap upon. To estimate the opportunity, it was very important to understand the current market scenario and the way it will grow in future.
Production and consumption patterns are being carefully compared to forecast the market. Other factors considered to forecast the market are the growth of the adjacent market, revenue growth of the key market vendors, scenario-based analysis, and market segment growth.
The market size was determined by estimating the market through a top-down and bottom-up approach, which was further validated with industry interviews. Considering the nature of the market we derived the Pharmaceuticals by segment aggregation, the contribution of the Pharmaceuticals in Pharmaceuticals, Biotechnology & Life Sciences and vendor share.
To determine the growth of the market factors such as drivers, trends, restraints, and opportunities were identified, and the impact of these factors was analyzed to determine the market growth. To understand the market growth in detail, we have analyzed the year-on-year growth of the market. Also, historic growth rates were compared to determine growth patterns.
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Product ID: UCMIG35I2317