North American FPM contract manufacturing market is expected to grow at a CAGR of around 5.3% during the forecast period. The North America FPM contract manufacturing market is segmented two regions include the US and Canada. The US is growing at a CAGR of 5.3% during the forecast period. Whereas, Canada is expected to grow at the CAGR of around 5.8% during the forecast period.
The market has been primarily driven by the footprints of the major food contract manufacturers and increasing innovations in food products. The increased demand for nutritional supplements is also one of the important factors boosting the North American FPM contract manufacturing market. According to the Council for Responsible Nutrition (CRN) survey, more than 71% of the US adults take dietary supplements. The figure is more than 170 million US adults. Among supplement users, the five most popular dietary supplements including a multivitamin, vitamin D, vitamin C, calcium and vitamin B/B complex.
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The North American FPM contract manufacturing market players includes Century Foods International, LLC and Soft Gel Technologies Inc. among others that provides R&D, custom formulation, processing, filling and packaging of dairy proteins and nutritional products and powder blends. On the other hand, Soft Gel Technologies, Inc. offers contract manufacturing service for soft gelatin capsules for the nutritional supplements industry. Its offerings include EZmega3 and CoQ10, contributing to market growth.
These contract manufacturers play a vital role in the North American FPM contract manufacturing market as the government regulations are stringent regarding food safety and quality. This, in turn, has primarily led the demand for food contract manufacturers as they support food & beverage manufacturers across various food manufacturing and processing activities such as R&D, manufacturing, and packaging. Hence, the North American FPM contract manufacturing market is likely to grow in the near future.
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North American FPM Contract Manufacturing Market Segmentation
By Services
- Food Manufacturing Services
- Convenience Foods
- Bakery Products
- Dietary Supplement
- Confectionery Products
- Dairy Products
- Others
- Research and Development
- Food Packaging Services
(This release has been published on OMR Industry Journal. OMR Industry Journal is not responsible for any content included in this release.)
