Health supplementary foods oem and odm market

Health Supplementary Food OEM and ODM Market, By Nutrition Type (Enzymes, Pre & Probiotics, Meal Replacements, and Diet Supplements), By Formulation (Capsules, Tablets, Granules, Liquid, and Softgels), By Packaging Type (Bottle Packaging, Containers & Jars, Gastrointestinal Diseases, Lamizip Packaging, Three Sided Seal Pack, Stick Packaging, Blister Packaging, Box Packaging, and Others), and By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) - Size, Share, Outlook, and Opportunity Analysis, 2020 - 2027

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Nov 2020
CMI4274
175 Pages
Excel & Pdf
Pharmaceutical

Summary

Health supplementary food is recommended for patients with chronic disease conditions in order to combat the weak immune system, which affects eating habits and results in drastic weight loss. The increasing prevalence of chronic diseases such as diabetes and chronic kidney disease is increasing risk of malnutrition, which in turn is expected to drive the global health supplementary food OEM/ODM market growth. For instance, the rising prevalence of malnutrition is driving growth of the global health supplementary food OEM/ODM market. According to Feeding America 2015, around 2 million people suffer from starvation in the U.S, which includes 13 million children.

The global health supplementary food OEM and ODM market is estimated to be valued at US$ 11,655.7 million in 2020 and is expected to exhibit a CAGR of 7.8% during the forecast period (2020-2027).

Figure 1. Global Health Supplementary Food OEM and ODM Market Share (%) in Terms of Value, By Region, 2019

Product launches are expected to propel the market growth during the forecast period

The increasing number of product launches by manufacturers is expected to drive the global health supplementary food OEM and ODM market growth during the forecast period. For instance, in April 2020, Vitality Wellness, a New Zealand-based company, launched an immune health supplement made from blackcurrants addressing the nutritional demands amid the COVID-19 outbreak in the country.

Figure 2. Global Health Supplementary Food OEM and ODM Market Share (%), by Product Type, 2020

Inorganic growth strategies such as acquisitions is expected to drive the market growth during the forecast period

Market players are focused on inorganic growth strategies such as acquisitions, collaborations, and distribution agreements to strengthen their product portfolio and market share. For instance, in February 2018, Kolmar Korea acquired CJ HealthCare, a health foods and drug maker company, for US$ 1.2 billion. CJ HealthCare, which makes South Korea's most popular anti-hangover drink, is expected to help Kolmar Korea to expand its product portfolio in the market.

Health Supplementary Food OEM and ODM Market Report Coverage

Report Coverage	Details
Base Year:	2019	Market Size in 2020:	US$ 11,655.7 Mn
Historical Data for:	2016 to 2019	Forecast Period:	2020 to 2027
Forecast Period 2020 to 2027 CAGR:	7.8%	2027 Value Projection:	US$ 19,771.2 Mn
Geographies covered:	North America: U.S. and Canada Latin America: Brazil, Argentina, Mexico, and Rest of Latin America Europe: Germany, U.K., Spain, France, Italy, Russia, and Rest of Europe Asia Pacific: China, India, Japan, Australia, South Korea, ASEAN, and Rest of Asia Pacific Middle East: GCC Countries, Israel, and Rest of Middle East Africa: South Africa, North Africa, and Central Africa
Segments covered:	By Nutrition Type: Enzymes, Pre & Probiotics, Meal Replacements, Diet Supplements. By Formulation: Capsules, Tablets, Granules, Liquid, Softgels. By Packaging Type: Bottle Packaging, Containers & Jars, Gastrointestinal Diseases, Lamizip Packaging, Three Sided Seal Pack, Stick Packaging, Blister Packaging, Box Packaging, Others.
Companies covered:	Cosmax Inc., Kolmar Korea, Japan Supplement Foods Co., Ltd., Health Sources Nutrition Co., Ltd., Goerlich Pharma GmbH, API Co., Ltd., Syngen Biotech Co., Ltd., OriBionatureSdnBhd, Nutricare Co.,Ltd, and NOVAREX Co., Ltd
Growth Drivers:	The rising prevalence of chronic diseases Government initiatives, investments, and funding for health supplementary food research and development
Restraints & Challenges:	Stringent regulations for product approval and high cost of nutritional products Lack of awareness regarding nutritional diet among low- and mid-income countries

Global Health Supplementary Food OEM and ODM Market – Impact of Coronavirus (Covid-19) Pandemic

The COVID-19 pandemic is affecting clinical trials drastically. According to a survey conducted by Medidata Solutions, Inc. (an American technology company, which develops and markets software as a service for clinical trials), on April 23, 2020, 63% of survey respondents reported that they stopped recruiting new patients for ongoing clinical trials and 43% of the respondents have postponed their studies.

Furthermore, ongoing clinical trials need to be conducted by healthcare facilities and researchers by adhering to the following safety measures:

Healthcare providers are obtaining patients' consent over the phone or through video conferences. According to a survey conducted by Medidata Solutions, Inc., on April 23, 2020, 45% of the respondents opted for virtual/telemedicine for consultancy.
The patients receive a phone call for screening of COVID-19 symptoms before the scheduled in-person visits
Assessments of the studies are being done in single outpatient areas

Global Health Supplementary Food OEM and ODM Market: Restraints

The major factors restraining growth of the health supplementary food OEM and ODM market are side effects and complications caused by products indicated for health supplementary food OEM and ODM. For instance, according to a study published in the scientific journal, Annals of Internal Medicine in December 2013, regular vitamin use increased with increase in income. Moreover, majority of the population earning less than US$ 24,000 per year did not take vitamins, whereas 55% of the population earning more than US$ 60,000 and more per year took vitamins regularly.

Lack of awareness regarding healthcare, diet, and proper nutrition balance in low-and middle income economies is another major factor, which is expected to hinder growth of the global health supplementary food OEM and ODM market over the forecast period. Rural areas in low-and middle income economies such as Africa and Asia Pacific have very low awareness about nutritional products and diseases associated with the nutritional deficiencies, which is expected to be a major reason leading to slow adoption of health supplementary foods OEM and ODM production in such regions, thereby hindering the market growth.

Key Players

Major players operating in global health supplementary food OEM and ODM market include Cosmax Inc., Kolmar Korea, Japan Supplement Foods Co., Ltd., Health Sources Nutrition Co., Ltd., Goerlich Pharma GmbH, API Co., Ltd., Syngen Biotech Co., Ltd., OriBionatureSdnBhd, Nutricare Co.,Ltd, and NOVAREX Co., Ltd among others.

Table of Content

*Browse 30 market data tables and 20 figures on "Health Supplementary Food OEM and ODM Market” - Global forecast to 2027

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- Frequently Asked Questions -

What will be the compound annual growth rate (CAGR) of the market during the forecast period (2020-2027)?

The global health supplementary food OEM and ODM market is expected to register a CAGR of 7.8% during the forecast period (2020-2027).

What is the estimated market size of the global health supplementary food OEM and ODM market in 2020?

The value of the global health supplementary food OEM and ODM market is estimated to be US$ 11,655.7 million in 2020.

What are the growth estimates for the global health supplementary food OEM and ODM market till 2027?

The global health supplementary food OEM and ODM market is expected to be valued at US$ 19,771.2 million in 2027.

Which are the prominent players operating in the global health supplementary food OEM and ODM market across the globe?

Cosmax Inc., Kolmar Korea, Japan Supplement Foods Co., Ltd., Health Sources Nutrition Co., Ltd., Goerlich Pharma GmbH, API Co., Ltd., Syngen Biotech Co., Ltd., OriBionatureSdnBhd, Nutricare Co.,Ltd, and NOVAREX Co., Ltd among others are some of the prominent players operating in the global health supplementary food OEM and ODM market.

Which are the prominent regions in the global health supplementary food OEM and ODM market?

North America is the prominent region in the global health supplementary food OEM and ODM market.

What are the key factors driving growth of the global health supplementary food OEM and ODM market?

The rising prevalence of chronic diseases and government initiatives, investments, and funding for health supplementary food research and development are driving the global health supplementary food OEM and ODM market growth.