The North America Dietary Supplement Contract Manufacturing Market would witness market growth of 11.5% CAGR during the forecast period (2024-2031).
The US market dominated the North America Dietary Supplement Contract Manufacturing Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $31,095.7 million by 2031. The Canada market is experiencing a CAGR of 14% during (2024 - 2031). Additionally, The Mexico market would exhibit a CAGR of 13% during (2024 - 2031).
The adoption of contract manufacturing in the dietary supplement industry has been fueled by several factors, including cost-effectiveness, regulatory compliance, and access to specialized expertise and equipment. As the dietary supplement industry continues to expand, brands and retailers are turning to contract manufacturers to meet growing demand while minimizing operational costs and risks.
Moreover, contract manufacturing allows companies to leverage the capabilities and resources of third-party manufacturers to scale production capacity, streamline supply chain management, and accelerate time-to-market for new product launches. With this outsourcing strategy, companies may concentrate on their core skills, including product creation, marketing, and sales, and leave quality, consistency, and regulatory compliance to contract manufacturers.
Consumers in the United States increasingly gravitate towards natural and organic dietary supplements, driven by concerns about synthetic ingredients, transparency, and sustainability. Contract manufacturers collaborate with supplement brands to develop clean-label formulations from reputable suppliers containing natural and organic ingredients. Also, Canada, like many developed nations, is experiencing a demographic shift characterized by an aging population. The percentage of the population 65 and older has been steadily rising, which can be ascribed to improvements in healthcare, falling birth rates, and medical technology. As per Statistics Canada, in 2022, there were 7,330,605 people aged 65 and older in Canada. Moreover, the 2021 Census recorded a total of 861,000 individuals aged 85 and above, which is over twofold the figure reported in the 2001 Census. Hence, the rising health & fitness trends and increasing geriatric population in North America will boost the demand for dietary supplement contract manufacturing in the region.
Free Valuable Insights: The Dietary Supplement Contract Manufacturing Market is Predict to reach USD 131.5 Billion by 2031, at a CAGR of 12.3%
Based on Product Type, the market is segmented into Proteins & Amino Acid Supplements, Multivitamin, Multi-Mineral, & Antioxidant Supplements, Weight Management & Meal Replacer Supplements and Other Supplements. Based on Dosage Form, the market is segmented into Tablets, Capsules, Liquid Oral, Powder In Sachet/Jar, Gummies and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
By Product Type
By Dosage Form
By Country
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