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Food Business Review | Friday, October 27, 2023
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Supplement manufacturing is a growing industry with great potential for food businesses.
FREMONT, CA: Supplement manufacturing is a growing industry, as more and more people are looking to supplements to improve their health and well-being. The global supplement market is anticipated to reach $278.9 billion by 2025, with a compound annual growth rate (CAGR) of 9.6%.
Food businesses have a unique opportunity to capitalize on this growing trend. By partnering with a supplement manufacturer, food businesses can provide their customers with a wider range of products and meet their growing demand for health and wellness solutions.
What is supplement manufacturing?
Supplement manufacturing is the process of producing dietary supplements, products intended to supplement the diet. Supplements can be in capsules, tablets, powders, liquids, or gummies.
The supplement manufacturing process typically involves the following steps:
1. Sourcing ingredients: Supplement manufacturers source high-quality ingredients from suppliers around the world.
2. Blending: The ingredients are blended according to a specific formula.
3. Encapsulation or tableting: The blended ingredients are encapsulated or tableted using specialized equipment.
4. Quality control: The supplements are tested for quality and safety before being packaged and shipped to customers.
Why should food businesses consider supplement manufacturing?
There are several reasons why food businesses should consider supplement manufacturing:
• Meet growing consumer demand: Consumers increasingly seek healthy and convenient ways to improve their health and well-being. Supplement manufacturing can help food businesses meet this growing demand by offering their customers a wider range of products.
• Increase brand awareness: Supplement manufacturing can help food businesses raise brand awareness and reach new customers. When food businesses offer supplements under their brand, they create a more holistic and comprehensive health and wellness offering for their customers.
• Generate additional revenue: Supplement manufacturing can generate additional revenue for food businesses. Supplements are typically high-margin products, so food businesses can expect a good investment return.
How to choose a supplement manufacturer
When choosing a supplement manufacturer, it is important to consider the following factors:
• Experience: The manufacturer should have experience in producing high-quality supplements.
• Reputation: The manufacturer should have a good reputation in the industry.
• Certifications: The manufacturer should be certified by a reputable organization, such as the Good Manufacturing Practices (GMP) certification.
• Services offered: The manufacturer should offer a wide range of services, like product development, manufacturing, packaging, and labeling.
Conclusion
Supplement manufacturing is a growing industry with great potential for food businesses. By partnering with a reputable supplement manufacturer, food businesses can provide their customers with a wider range of products, meet their growing demand for health and wellness solutions, and generate additional revenue.