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Global Food Contract Manufacturing Market to reach USD xx billion by the end of 2030

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

Product Code: OIRIGS-19842331
Publish Date: 20-01-2024
Page: 200

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:
Ø 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:
ü Historical Data – 2020 – 2021
ü Base Year for Estimation – 2022
ü Forecast period – 2023-2030
ü Report Coverage – Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
ü Segments Covered – Service, End-Use, Region
ü Regional Scope – North America; Europe; Asia Pacific; Latin America; Middle East & Africa
ü Customization Scope – Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*

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

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2020-2030 (USD Billion)
1.2.1. Food Contract Manufacturing Market, by Region, 2020-2030 (USD Billion)
1.2.2. Food Contract Manufacturing Market, by Service, 2020-2030 (USD Billion)
1.2.3. Food Contract Manufacturing Market, by End-Use, 2020-2030 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Food Contract Manufacturing Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Industry Evolution
2.2.2. Scope of the Study
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Food Contract Manufacturing Market Dynamics
3.1. Food Contract Manufacturing Market Impact Analysis (2020-2030)
3.1.1. Market Drivers
3.1.1.1. Rising demand for convenience foods
3.1.1.2. Growing consumption of dietary supplements
3.1.2. Market Challenges
3.1.2.1. Additional worker security
3.1.2.2. High cost associated with Food Contract Manufacturing
3.1.3. Market Opportunities
3.1.3.1. Growing number of fast-food chains
3.1.3.2. Rising awareness regarding plant-based food alternatives
Chapter 4. Global Food Contract Manufacturing Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.2. Porter’s 5 Force Impact Analysis
4.3. PEST Analysis
4.3.1. Political
4.3.2. Economical
4.3.3. Social
4.3.4. Technological
4.3.5. Environmental
4.3.6. Legal
4.4. Top investment opportunity
4.5. Top winning strategies
4.6. COVID-19 Impact Analysis
4.7. Disruptive Trends
4.8. Industry Expert Perspective
4.9. Analyst Recommendation & Conclusion
Chapter 5. Global Food Contract Manufacturing Market, by Service
5.1. Market Snapshot
5.2. Global Food Contract Manufacturing Market by Service, Performance – Potential Analysis
5.3. Global Food Contract Manufacturing Market Estimates & Forecasts by Service 2020-2030 (USD Billion)
5.4. Food Contract Manufacturing Market, Sub Segment Analysis
5.4.1. Manufacturing
5.4.2. Packaging
5.4.3. Custom Formulation & R&D
Chapter 6. Global Food Contract Manufacturing Market, by End-Use
6.1. Market Snapshot
6.2. Global Food Contract Manufacturing Market by End-Use, Performance – Potential Analysis
6.3. Global Food Contract Manufacturing Market Estimates & Forecasts by End-Use 2020-2030 (USD Billion)
6.4. Food Contract Manufacturing Market, Sub Segment Analysis
6.4.1. Dietary Supplement
6.4.2. Dairy Products
6.4.3. Convenience Foods
6.4.4. Bakery Products
6.4.5. Confectionery
6.4.6. Others
Chapter 7. Global Food Contract Manufacturing Market, Regional Analysis
7.1. Top Leading Countries
7.2. Top Emerging Countries
7.3. Food Contract Manufacturing Market, Regional Market Snapshot
7.4. North America Food Contract Manufacturing Market
7.4.1. U.S. Food Contract Manufacturing Market
7.4.1.1. Service breakdown estimates & forecasts, 2020-2030
7.4.1.2. End-Use breakdown estimates & forecasts, 2020-2030
7.4.2. Canada Food Contract Manufacturing Market
7.5. Europe Food Contract Manufacturing Market Snapshot
7.5.1. U.K. Food Contract Manufacturing Market
7.5.2. Germany Food Contract Manufacturing Market
7.5.3. France Food Contract Manufacturing Market
7.5.4. Spain Food Contract Manufacturing Market
7.5.5. Italy Food Contract Manufacturing Market
7.5.6. Rest of Europe Food Contract Manufacturing Market
7.6. Asia-Pacific Food Contract Manufacturing Market Snapshot
7.6.1. China Food Contract Manufacturing Market
7.6.2. India Food Contract Manufacturing Market
7.6.3. Japan Food Contract Manufacturing Market
7.6.4. Australia Food Contract Manufacturing Market
7.6.5. South Korea Food Contract Manufacturing Market
7.6.6. Rest of Asia Pacific Food Contract Manufacturing Market
7.7. Latin America Food Contract Manufacturing Market Snapshot
7.7.1. Brazil Food Contract Manufacturing Market
7.7.2. Mexico Food Contract Manufacturing Market
7.8. Middle East & Africa Food Contract Manufacturing Market
7.8.1. Saudi Arabia Food Contract Manufacturing Market
7.8.2. South Africa Food Contract Manufacturing Market
7.8.3. Rest of Middle East & Africa Food Contract Manufacturing Market

Chapter 8. Competitive Intelligence
8.1. Key Company SWOT Analysis
8.1.1. Company 1
8.1.2. Company 2
8.1.3. Company 3
8.2. Top Market Strategies
8.3. Company Profiles
8.3.1. Hindustan Foods Limited
8.3.1.1. Key Information
8.3.1.2. Overview
8.3.1.3. Financial (Subject to Data Availability)
8.3.1.4. Product Summary
8.3.1.5. Recent Developments
8.3.2. Hearthside Food Solutions LLC
8.3.3. De Banketgroep B.V.
8.3.4. HACO AG
8.3.5. SK Food Group
8.3.6. Pacmoore Products Inc
8.3.7. Kilfera Food Manufacturers Ltd
8.3.8. Nutrascience Labs, Inc
8.3.9. Thrive Foods LLC
8.3.10. Orion Nutritionals Pvt. Ltd.
Chapter 9. Research Process
9.1. Research Process
9.1.1. Data Mining
9.1.2. Analysis
9.1.3. Market Estimation
9.1.4. Validation
9.1.5. Publishing
9.2. Research Attributes
9.3. Research Assumption

At Bizwit Research and Consultancy, we employ a thorough and iterative research methodology with the goal of minimizing discrepancies, ensuring the provision of highly accurate estimates and predictions over the forecast period. Our approach involves a combination of bottom-up and top-down strategies to effectively segment and estimate quantitative aspects of the market, utilizing our proprietary data & AI tools. Our Proprietary Tools allow us for the creation of customized models specific to the research objectives. This enables us to develop tailored statistical models and forecasting algorithms to estimate market trends, future growth, or consumer behavior. The customization enhances the accuracy and relevance of the research findings.
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Critical elements of methodology employed for all our studies include:
Data Collection:
To determine the appropriate methods of data collection based on the research objectives, we consider both primary and secondary sources. Primary data collection involves gathering information directly from various industry experts in core and related fields, original equipment manufacturers (OEMs), vendors, suppliers, technology developers, alliances, and organizations. These sources encompass all segments of the value chain within the specific industry. Through in-depth interviews, we engage with key industry participants, subject-matter experts, C-level executives of major market players, industry consultants, and other relevant experts. This allows us to obtain and validate critical qualitative and quantitative information while evaluating market prospects. AI and Big Data are instrumental in our primary research, providing us with powerful tools to collect, analyze, and derive insights from data efficiently. These technologies contribute to the advancement of research methodologies, enabling us to make data-driven decisions and uncover valuable findings.
In addition to primary sources, we extensively utilize secondary sources to enhance our research. These include directories, databases, journals focusing on related industries, company newsletters, and information portals such as Bloomberg, D&B Hoovers, and Factiva. These secondary sources enable us to identify and gather valuable information for our comprehensive, technical, market-oriented, and commercial study of the market. Additionally, we utilize AI algorithms to automate the collection of vast amounts of data from various sources such as surveys, social media platforms, online transactions, and web scraping. And employ Big Data technologies for storage and processing of large datasets, ensuring that no valuable information is missed during the data collection process.
Data Analysis:
Our team of experts carefully examine the gathered data using suitable statistical techniques and qualitative analysis methods. For quantitative analysis, we employ descriptive statistics, regression analysis, and other advanced statistical methods, depending on the characteristics of the data. This analysis may also incorporate the utilization of AI tools and big data analysis techniques to extract meaningful insights.
To ensure the accuracy and reliability of our findings, we extensively leverage data science techniques, which help us minimize discrepancies and uncertainties in our analysis. We employ Data Science to clean and preprocess the data, ensuring its quality and reliability. This involves handling missing data, removing outliers, standardizing variables, and transforming data into suitable formats for analysis. The application of data science techniques enhances our accuracy, efficiency, and depth of analysis, enabling us to stay competitive in dynamic market environments.
Market Size Estimation:
Our proprietary data tools play a crucial role in deriving our market estimates and forecasts. Each study involves the creation of a unique and customized model. The model incorporates the gathered information on market dynamics, technology landscape, application development, and pricing trends. AI techniques, such as machine learning and deep learning, aid us to analyze patterns within the data to identify correlations, trends, and relationships. By recognizing patterns in consumer behavior, purchasing habits, or market dynamics, our AI algorithms aid us in more precise estimations of market size. These factors are simultaneously analyzed within the model, allowing for a comprehensive assessment. To quantify their impact over the forecast period, correlation, regression, and time series analysis are employed.
To estimate and validate the market size, we employ both top-down and bottom-up approaches. The preference is given to a bottom-up approach, where key regional markets are analyzed as separate entities. This data is then integrated to obtain global estimates. This approach is crucial as it provides a deep understanding of the industry and helps minimize errors.
In our forecasting process, we consider various parameters such as economic tools, technological analysis, industry experience, and domain expertise. By taking all these factors into account, we strive to produce accurate and reliable market forecasts. When forecasting, we take into consideration several parameters, which include:
Market driving trends and favorable economic conditions
Restraints and challenges that are expected to be encountered during the forecast period.
Anticipated opportunities for growth and development
Technological advancements and projected developments in the market
Consumer spending trends and dynamics
Shifts in consumer preferences and behaviors.
The current state of raw materials and trends in supply versus pricing
Regulatory landscape and expected changes or developments.
The existing capacity in the market and any expected additions or expansions up to the end of the forecast period.
To assess the market impact of these parameters, we assign weights to each one and utilize weighted average analysis. This process allows us to quantify their influence on the market and derive an expected growth rate for the forecasted period. By considering these various factors and applying a weighted analysis approach, we strive to provide accurate and reliable market forecasts.
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After conducting the research, our experts analyze the findings in relation to the research objectives and the specific needs of the client. They generate valuable insights and recommendations that directly address the client’s business challenges. These insights are carefully connected to the research findings to provide a comprehensive understanding.
Next, we create a well-structured research report that effectively communicates the research findings, insights, and recommendations to the client. To enhance clarity and comprehension, we utilize visual aids such as charts, graphs, and tables. These visual elements are employed to present the data in an engaging and easily understandable format, ensuring that the information is accessible and visually appealing to the client. Our aim is to deliver a clear and concise report that conveys the research findings effectively and provides actionable recommendations to meet the client’s specific needs.

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