Wonder

Research Outline

Prepared for Jake H. | Delivered August 9, 2020

Nutraceutical/Dietary Supplement Contract Manufacturing Industry Analysis

Goals

To provide an overview of the B2B nutraceutical/dietary supplement contract manufacturing industry, including the market size, growth rate, trends, most popular delivery forms (capsules, tablets, gummy's, soft gels, etc) being manufactured, the opportunity, the fragmentation that lies within the industry, and the top players.

Early Findings

Market AnalysisAccording to a publication by Nutritional Outlook, the global nutraceuticals market was valued at $165.62 billion in 2014.
The market is expected to reach $278.96 billion by 2021.
Using a CAGR calculator, we calculated the growth rate to be 7.73%.
The 2020 global market size is calculated as $258.94 billion.
The North-American region is expected to dominate the industry over the period of forecast.
In the United States, the industry employs 750,000 people and generates about $5.75 billion in state and local taxes atop the $9.2 billion they pay the Federal Treasury. 
The overall economic impact of the industry in the United States in 2016 was valued at $122 billion.
SummaryAfter an exhaustive search through market reports, industry analysis, and news publications, we were unable to find the market size for the global B2B nutraceutical/dietary supplement contract manufacturing industry. We could only find information regarding the general industry with no specific detail about the B2B manufacturers only. Initial research revealed that manufacturers in the industry deal with B2B and B2C. Also, the industry's B2B aspect is a niche and a subset of the primary industry, and so, no pre-compiled industry analysis exists for the industry. From our initial findings, we have made the below propositions.