Global Food Contract Manufacturing Market Size study & Forecast, by Service (Manufacturing, Packaging, Custom Formulation & R&D), by End-Use (Dietary Supplement, Dairy Products, Convenience Foods, Bakery Products, Confectionery, Others) and Regional Analy

Global Food Contract Manufacturing Market Size study & Forecast, by Service (Manufacturing, Packaging, Custom Formulation & R&D), by End-Use (Dietary Supplement, Dairy Products, Convenience Foods, Bakery Products, Confectionery, Others) and Regional Analysis, 2023-2030

Global Food Contract Manufacturing Market is valued at approximately USD xx billion in 2022 and is anticipated to grow with a healthy growth rate of more than xx% during the forecast period 2023-2030. Food contract manufacturing refers to the outsourcing of the production of food products to third-party manufacturers. In this business arrangement, a food brand or company partners with a specialized manufacturing facility to produce its food products. The contract manufacturer is responsible for the entire or specific stages of the production process, including sourcing raw materials, processing, and packaging. The Food Contract Manufacturing Market is expanding because of factors such as the rising demand for convenience foods and the growing consumption of dietary supplements. As a result, the demand for Food Contract Manufacturing has progressively increased in the international market during the forecast period 2023-2030.

Convenience foods come in various forms, including frozen meals, pre-packaged snacks, and heat-and-eat items. Contract manufacturers need to diversify their product offerings to accommodate the range of convenience food products requested by clients. According to Statista, in 2023, the Convenience Food Market is valued at USD 606.50 billion, with a projected annual growth rate of 6.76% between years 2023 to 2028. Another important factor that drives the Food Contract Manufacturing Market is the increasing consumption of dietary supplements. The growing popularity of dietary supplements leads to an increased demand for production capacity. Food contract manufacturers experience higher requests to produce supplement products, including vitamins, minerals, herbal extracts, and other nutritional supplements. In addition, as per Statista, the global Dietary Supplements Market accounted for USD 191 billion in 2020 and is anticipated to reach approximately USD 308 billion by the year 2028. Moreover, the growing number of fast-food chains and rising awareness regarding plant-based food alternatives are anticipated to create lucrative growth opportunities for the market over the forecast period. However, additional worker security and high costs associated to Food Contract Manufacturing is going to impede overall market growth throughout the forecast period of 2023-2030.

The key regions considered for the Global Food Contract Manufacturing Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. North America dominated the market in 2022 owing to the growing number of contract manufacturers for product formulation, quality control, and production capabilities in the region. The region’s dominant performance is anticipated to propel the overall demand for Food Contract Manufacturing. Furthermore, Asia Pacific is expected to grow fastest over the forecast period, owing to factors such as the increasing requirement of convenience foods and dietary supplements in the region.

Major market player included in this report are:
Hindustan Foods Limited
Hearthside Food Solutions LLC
De Banketgroep B.V.
HACO AG
SK Food Group
Pacmoore Products Inc
Kilfera Food Manufacturers Ltd
Nutrascience Labs, Inc
Thrive Foods LLC
Orion Nutritionals Pvt. Ltd.

Recent Developments in the Market:
 In September 2023, SK Food Group Inc., a leading contract food manufacturer in North America, recently commenced a transformative venture with a groundbreaking ceremony. The event signified the commencement of construction for our expansive 552,000 square foot food processing and cold storage distribution facility. The initial phase of this ambitious three-phase project, integrating cutting-edge automation technology for sandwich assembly and food handling, is anticipated to be completed by the year 2025.

Global Food Contract Manufacturing Market Report Scope:
 Historical Data – 2020 - 2021
 Base Year for Estimation – 2022
 Forecast period - 2023-2030
 Report Coverage - Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
 Segments Covered - Service, End-Use, Region
 Regional Scope - North America; Europe; Asia Pacific; Latin America; Middle East & Africa

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.

The detailed segments and sub-segment of the market are explained below:

By Service
Manufacturing
Packaging
Custom Formulation & R&D

By End-Use
Dietary Supplement
Dairy Products
Convenience Foods
Bakery Products
Confectionery
Others

By Region:

North America
U.S.
Canada

Europe
UK
Germany
France
Spain
Italy
ROE

Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC

Latin America
Brazil
Mexico

Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa

Companies Mentioned

Hindustan Foods Limited
Hearthside Food Solutions LLC
De Banketgroep B.V.
HACO AG
SK Food Group
Pacmoore Products Inc
Kilfera Food Manufacturers Ltd
Nutrascience Labs, Inc
Thrive Foods LLC
Orion Nutritionals Pvt. Ltd.

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