Food Contract Manufacturing Market Research Scope And Data Sources Report 2030

Food Contract Manufacturing Market Growth & Trends

The global food contract manufacturing market size is expected to reach USD 272.07 billion by 2030, registering a CAGR of 9.5% during the forecast period, according to a new report by Grand View Research, Inc. Rising demand for manufacturing capabilities from OEMs coupled with increasing requirement of convenience foods and dietary supplements are the factors expected to drive the industry growth.

U.S. Food Contract Manufacturing Market Size, by service, 2020 - 2030 (USD Billion)

Food Contract Manufacturing Market Segmentation

Grand View Research has segmented the global food contract manufacturing market based on the service and region:

Based on the Service Insights, the market is segmented into Manufacturing, Packaging, Custom formulation and R&D.

  • The manufacturing service led the market and accounted for 66.5% of the global revenue share in 2021. Food companies looking to enhance value and efficiency, production constraints, the rise of e-commerce, and private equity investment have been the key factors in augmenting the industry growth.
  • Food contract manufacturers, through their manufacturing as a core service, offer different processes, which include dry blending, spray drying, and extrusion. Some food companies also offer a specific recipe for food processing, which is expected to boost the industry's growth.
  • The packaging service for these products majorly involves primary forms of packaging those mainly used to protect the product from contamination. These include stand-up pouches, shrink-wrapping, blister packs, and jars. These manufacturers are also focusing on adding secondary packaging to create a one-stop shop for food manufacturing.
  • Custom formulation and R&D are estimated to witness growth at a CAGR of 11.2% from 2022 to 2030, in terms of revenue. Small and medium-scale food companies often do not have a dedicated R&D team to formulate new products or the consumer insights needed to further growth. Food contract manufacturers have the personnel, equipment, and expertise to assist them.

Food Contract Manufacturing Regional Outlook

  • North America
  • Europe
  • Asia Pacific
  • Central & South America
  • Middle East and Africa (MEA)

Key Companies Profile & Market Share Insights

Major manufacturers are witnessing rapid consolidation across the value chain. Moreover, companies have started providing additional value-added services such as packaging, R&D expertise, and storage, which has triggered industry growth. Moreover, the pandemic is highlighted supply chain issues, which also expected to prompt capacity expansion.

Some of the prominent players operating in the global food contract manufacturing market include,

  • Fibro Foods
  • Hindustan Foods Limited
  • Hearthside Food Solutions LLC
  • Nikken Foods
  • Christy Quality Foods (CQF)
  • De Banketgroep B.V.
  • HACO AG
  • SK Food Group
  • Pacmoore Products Inc.
  • Cremica
  • Kilfera Food Manufacturers Ltd
  • Nutrascience Labs, Inc
  • Thrive Foods LLC.
  • Orion Food Co., Ltd
  • Omni blend

Order a free sample PDF of the Food Contract Manufacturing Market Intelligence Study, published by Grand View Research.

Comments

Post a Comment

Popular posts from this blog

India Electric Vehicle Market Competitive Landscape Report to 2028

Image
India Electric Vehicle Industry Overview The India electric vehicle market size was valued at USD 220.1 million in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 94.4% from 2021 to 2030. The attractive incentives being offered by the Indian government on the production and purchase of electric vehicles to encourage the adoption of electric vehicles are anticipated to drive the growth of the market over the forecast period. The outbreak of the COVID-19 pandemic triggered a significant decline in the overall sales of passenger and commercial vehicles in 2020. However, the sales of electric vehicles in India remained unaffected. The post-lockdown sale of pure and hybrid electric vehicles is a prominent driving factor for the electric vehicle market in India. The stringent GreenHouse gas (GHG) emission norms drafted by the government, such as the Bharat Stage (BS) VI emission standards introduced by India’s Ministry of Road Transport and Highways (MoRTH), are a
Read more

Automotive Semiconductor Market Share, Drivers And Restraints By 2028

Image
Automotive Semiconductor Industry Overview The global automotive semiconductor market size was valued at USD 41.78 billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 6.2% from 2021 to 2028. Increasing demand for electronic content per car is expected to bolster the market growth over the forecast period. Furthermore, increasing penetration of electronic components in luxury to mass-produced cars is also expected to lead to steady market growth over the next few years. The other factors contributing to the market growth include the proliferation of connected cars, infotainment systems, automotive safety systems, and fuel efficiency standards. Gather more insights about the market drivers, restrains and growth of the Global Automotive Semiconductor Market Three key trends-namely, autonomy, electrification, and connected mobility-are expected to emerge as major revenue drivers. These trends will play a pivotal role in driving the demand for electron
Read more

LiDAR Market Historical Data & Forecasts 2030

Image
LiDAR Industry Overview The global LiDAR market size was valued at USD 1.81 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 9.8% from 2022 to 2030. The technological advancements in spatial resolution of LiDAR-based digital terrain models are providing better accuracy in applications such as change detection on hillsides, water runoff for agriculture or mining sites, and inland waterways. The growth of the market is attributed to the rising automation in LiDAR to reduce human efforts and increase efficiency. Gather more insights about the market drivers, restrains and growth of the Global LiDAR Market   The rising demand for 3D imagery in application areas such as military & defense, topographical surveys, civil engineering, and corridor mapping is expected to drive the market growth over the forecast period. Textured 3D imagery is applied in applications such as 3D mapping, city planning, and corridor mapping. The installation of advanced
Read more