According to a new report, published by KBV research, The Global Food Contract Manufacturing Market size is expected to reach $261.2 billion by 2030, rising at a market growth of 9.5% CAGR during the forecast period.
The Manufacturing segment is leading the Global Food Contract Manufacturing Market by Service in 2022, thereby achieving a market value of $162 billion by 2030. Production constraints have significantly bolstered the expansion of the food industry, the rise of e-commerce, private equity investment, and food companies seeking to increase value and efficiency. As part of their manufacturing as a core competency, contract manufacturers of food provide a variety of processes, such as extrusion, dry blending, and spray drying. Additionally, some food companies offer a proprietary formula for food processing, which is anticipated to stimulate the expansion of the industry.
The Dairy Products segment is registering a CAGR of 9.3% during (2023 - 2030). Contract manufacturers work closely with dairy brands and companies to develop custom formulations and recipes. This collaboration allows the creation of unique dairy products tailored to specific flavor profiles, nutritional requirements, and consumer preferences. Dairy contract manufacturers provide scalability and production efficiency for dairy product production. The use of advanced processing technologies is common in dairy contract manufacturing. This includes technologies such as ultra-high-temperature (UHT) processing, homogenization, and pasteurization, ensuring the quality and safety of dairy products.
The Asia Pacific region dominated the Global Food Contract Manufacturing Market by Region in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $132.6 billion by 2030. The North America market is experiencing a CAGR of 8.7% during (2023 - 2030). Additionally, The Europe market would experience a CAGR of 9.1% during (2023 - 2030).
Full Report: https://www.kbvresearch.com/food-contract-manufacturing-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country-wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of Hearthside Food Solutions LLC, Nikken Foods Co., Ltd., Haco Holding AG, SK Food Group (Premium Brands Holdings Corporation), Pacmoore Products Inc. (Glanbia PLC), Cremica Food Industries Limited, Kilfera Food Manufacturers Ltd, Nutrascience Labs, Inc (Twinlab Consolidation Corporation (TCC)) (Twinlab Consolidated Holdings Inc.), Thrive Foods, and Orion Corporation.
By Service
By End-Use
By Geography
Companies Profiled
Unique Offerings 
