HEALTH SUPPLEMENTARY FOOD OEM AND ODM MARKET ANALYSIS

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

Published In : Nov 2020
Code : CMI4274
Pages :175
Formats :
Excel and PDF
Industry : Pharmaceutical

Market News

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.

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.