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Food Contract Manufacturing Market Size, Share, & Trends Analysis Report By Service (Manufacturing, Packaging, Custom Formulation And R&D), By Region, And Segment Forecasts, 2023 - 2030

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    Report

  • 100 Pages
  • October 2023
  • Region: Global
  • Grand View Research
  • ID: 5899574
Description Jump to:
The global food contract manufacturing market size is expected to reach USD 274.7 billion by 2030, registering a CAGR of 9.7% from 2023 to 2030. 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.

The COVID-19 pandemic has resulted in panic buying of comfort foods and restructuring of supply chains, which has positively impacted the contract manufacturing market. However, contract manufacturers had to deal with additional worker security, wherein more focus was given to current Good Manufacturing Practices, which resulted in hindering the industry growth.

Food businesses were unable to fulfill the increased food demand during the COVID-19 pandemic in 2020, thereby increasing the dependence on contract manufacturing. Companies providing these services are focusing on increasing private equity investments and securing long-term contracts, thereby obtaining a competitive edge in the industry.

Food firms have gotten more adept at leveraging contract manufacturers in order to avoid the extra expenses, associated with the production. It also enables food processing companies to free up cash flows, which were critical during the pandemic, creating a favorable climate for the contract manufacturers to flourish.

Food companies were unable to react to the demand surge when the restrictions were lifted in 2020 caused due to the supply chain failure. The food manufacturing supply chain is expected to be transformed with the help of food contract manufacturing as food companies prefer to manufacture food products locally.

Food contract manufacturers are beginning to take active participation in the custom formulation of the food products. Market players are focusing on healthy and plant-based food alternatives in line with the increasing demand for healthy food. Moreover, the flexibility and the ability to pivot to new projects are expected to augment the industry growth.

Food Contract Manufacturing Market Report Highlights

  • Custom formulation and R&D service is expected to expand at a CAGR of 11.4% from 2023 to 2030, in terms of revenue, on account of their increasing demand for the innovative product development in the food industry
  • 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.
  • Asia Pacific led the global food contract manufacturing market and accounted for 53.0% of the global revenue in 2022 and is expected to grow at the fastest CAGR of 10.3% over the forecast period.

Table of Contents

Chapter 1. Methodology and Scope
1.1. Market Segmentation & Scope
1.1.1. Service
1.1.2. Regional scope
1.1.3. Estimates and forecast timeline
1.2. Research Methodology
1.3. Information Procurement
1.3.1. Purchased database
1.3.2. internal database
1.3.3. Secondary sources
1.3.4. Primary research
1.3.5. Details of primary research
1.4. Information or Data Analysis
1.5. Market Formulation & Validation
1.6. Model Details
1.7. List of Secondary Sources
1.8. List of Primary Sources
1.9. Objectives
Chapter 2. Executive Summary
2.1. Market Outlook
2.2. Segment Outlook
2.2.1. Service outlook
2.2.2. Regional outlook
2.3. Competitive Insights
Chapter 3. Food Contract Manufacturing Market Variables, Trends & Scope
3.1. Market Lineage Outlook
3.2. Penetration & Growth Prospect Mapping
3.3. Value Chain Analysis
3.4. Regulatory Framework
3.5. Market Dynamics
3.5.1. Market driver analysis
3.5.2. Market restraint analysis
3.5.3. Industry opportunities & challenges
3.6. Food Contract Manufacturing Market Analysis Tools
3.6.1. Industry Analysis - Porter’s
3.6.1.1. Supplier power
3.6.1.2. Buyer power
3.6.1.3. Substitution threat
3.6.1.4. Threat of new entrant
3.6.1.5. Competitive rivalry
3.6.2. PESTEL Analysis
3.6.2.1. Political landscape
3.6.2.2. Technological landscape
3.6.2.3. Economic landscape
Chapter 4. Supplier Portfolio Analysis
4.1. List of Suppliers
4.2. Kraljic Matrix
4.3. Sourcing Best Practices
4.4. Negotiation Strategies
Chapter 5. Food Contract Manufacturing Market : Service Estimates & Trend Analysis
5.1. Food Contract Manufacturing Market: Key Takeaways
5.2. Food Contract Manufacturing Market: Movement & Market Share Analysis, 2022 & 2030
5.3. Manufacturing
5.3.1. Manufacturing market estimates and forecasts, 2018 to 2030 (USD Million)
5.3.2. Convenience foods
5.3.2.1. Convenience foods market estimates and forecasts, 2018 to 2030 (USD Million)
5.3.3. Bakery products
5.3.3.1. Bakery products market estimates and forecasts, 2018 to 2030 (USD Million)
5.3.4. Dietary supplements
5.3.4.1. Dietary supplements market estimates and forecasts, 2018 to 2030 (USD Million)
5.3.5. Confectionery
5.3.5.1. Confectionery market estimates and forecasts, 2018 to 2030 (USD Million)
5.3.6. Dairy products
5.3.6.1. Dairy products market estimates and forecasts, 2018 to 2030 (USD Million)
5.3.7. Others
5.3.7.1. Others market estimates and forecasts, 2018 to 2030 (USD Million)
5.4. Packaging
5.4.1. Packaging market estimates and forecasts, 2018 to 2030 (USD Million)
5.4.2. Convenience foods
5.4.2.1. Convenience foods market estimates and forecasts, 2018 to 2030 (USD Million)
5.4.3. Bakery products
5.4.3.1. Bakery products market estimates and forecasts, 2018 to 2030 (USD Million)
5.4.4. Dietary supplements
5.4.4.1. Dietary supplements market estimates and forecasts, 2018 to 2030 (USD Million)
5.4.5. Confectionery
5.4.5.1. Confectionery market estimates and forecasts, 2018 to 2030 (USD Million)
5.4.6. Dairy products
5.4.6.1. Dairy products market estimates and forecasts, 2018 to 2030 (USD Million)
5.4.7. Others
5.4.7.1. Others market estimates and forecasts, 2018 to 2030 (USD Million)
5.5. Custom Formulation and R&D
5.5.1. Custom formulation and R&D market estimates and forecasts, 2018 to 2030 (USD Million)
5.5.2. Convenience foods
5.5.2.1. Convenience foods market estimates and forecasts, 2018 to 2030 (USD Million)
5.5.3. Bakery products
5.5.3.1. Bakery products market estimates and forecasts, 2018 to 2030 (USD Million)
5.5.4. Dietary supplements
5.5.4.1. Dietary supplements market estimates and forecasts, 2018 to 2030 (USD Million)
5.5.5. Confectionery
5.5.5.1. Confectionery market estimates and forecasts, 2018 to 2030 (USD Million)
5.5.6. Dairy products
5.5.6.1. Dairy products market estimates and forecasts, 2018 to 2030 (USD Million)
5.5.7. Others
5.5.7.1. Others market estimates and forecasts, 2018 to 2030 (USD Million)
Chapter 6. Food Contract Manufacturing: Regional Estimates & Trend Analysis
6.1. Regional Outlook
6.2. Food Contract Manufacturing Market by Region: Key Takeaway
6.3. North America
6.3.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million)
6.3.2. U.S.
6.3.2.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million)
6.3.3. Canada
6.3.3.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million)
6.3.4. Mexico
6.3.4.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million)
6.4. Europe
6.4.1. UK
6.4.1.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million)
6.4.2. Germany
6.4.2.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million)
6.4.3. France
6.4.3.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million)
6.4.4. Italy
6.4.4.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million)
6.4.5. Spain
6.4.5.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million)
6.5. Asia Pacific
6.5.1. Japan
6.5.1.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million)
6.5.2. China
6.5.2.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million)
6.5.3. India
6.5.3.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million)
6.5.4. Australia
6.5.4.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million)
6.5.5. South Korea
6.5.5.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million)
6.6. Central and South America
6.6.1. Brazil
6.6.1.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million)
6.6.2. Argentina
6.6.2.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million)
6.7. MEA
6.7.1. Saudi Arabia
6.7.1.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million)
6.7.2. South Africa
6.7.2.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million)
6.7.3. UAE
6.7.3.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million)
Chapter 7. Competitive Landscape
7.1. Recent Developments & Impact Analysis, By Key Market Participants
7.2. Market Participant Categorization
7.2.1. Fibro Foods
7.2.1.1. Company overview
7.2.1.2. Financial performance
7.2.1.3. Product benchmarking
7.2.1.4. Strategic initiatives
7.2.2. Hindustan Foods Limited
7.2.2.1. Company overview
7.2.2.2. Financial performance
7.2.2.3. Product benchmarking
7.2.2.4. Strategic initiatives
7.2.3. Hearthside Food Solutions LLC
7.2.3.1. Company overview
7.2.3.2. Financial performance
7.2.3.3. Product benchmarking
7.2.3.4. Strategic initiatives
7.2.4. Nikken Foods
7.2.4.1. Company overview
7.2.4.2. Financial performance
7.2.4.3. Product benchmarking
7.2.4.4. Strategic initiatives
7.2.5. Christy Quality Foods (CQF)
7.2.5.1. Company overview
7.2.5.2. Financial performance
7.2.5.3. Product benchmarking
7.2.5.4. Strategic initiatives
7.2.6. De Banketgroep B.V.
7.2.6.1. Company overview
7.2.6.2. Financial performance
7.2.6.3. Product benchmarking
7.2.6.4. Strategic initiatives
7.2.7. HACO AG
7.2.7.1. Company overview
7.2.7.2. Financial performance
7.2.7.3. Product benchmarking
7.2.7.4. Strategic initiatives
7.2.8. SK Food Group
7.2.8.1. Company overview
7.2.8.2. Financial performance
7.2.8.3. Product benchmarking
7.2.8.4. Strategic initiatives
7.2.9. Pacmoore Products Inc.
7.2.9.1. Company overview
7.2.9.2. Financial performance
7.2.9.3. Product benchmarking
7.2.9.4. Strategic initiatives
7.2.10. Cremica
7.2.10.1. Company overview
7.2.10.2. Financial performance
7.2.10.3. Product benchmarking
7.2.10.4. Strategic initiatives
7.2.11. Kilfera Food Manufacturers Ltd
7.2.11.1. Company overview
7.2.11.2. Financial performance
7.2.11.3. Product benchmarking
7.2.11.4. Strategic initiatives
7.2.12. Nutrascience Labs, Inc
7.2.12.1. Company overview
7.2.12.2. Financial performance
7.2.12.3. Product benchmarking
7.2.12.4. Strategic initiatives
7.2.13. Thrive Foods LLC
7.2.13.1. Company overview
7.2.13.2. Financial performance
7.2.13.3. Product benchmarking
7.2.13.4. Strategic initiatives
7.2.14. Orion Food Co., Ltd
7.2.14.1. Company overview
7.2.14.2. Financial performance
7.2.14.3. Product benchmarking
7.2.14.4. Strategic initiatives
7.2.15. Omni blend
7.2.15.1. Company overview
7.2.15.2. Financial performance
7.2.15.3. Product benchmarking
7.2.15.4. Strategic initiatives
List of Tables
Table 1 List of abbreviation
Table 2 North America food contract manufacturing market, by service, 2018-2030 (USD Million)
Table 3 North America food contract manufacturing market, by region, 2018-2030 (USD Million)
Table 4 U.S. food contract manufacturing market, by service, 2018-2030 (USD Million)
Table 5 Canada food contract manufacturing market, by service, 2018-2030 (USD Million)
Table 6 Mexico food contract manufacturing market, by service, 2018-2030 (USD Million)
Table 7 Europe food contract manufacturing market, by service, 2018-2030 (USD Million)
Table 8 Europe food contract manufacturing market, by region, 2018-2030 (USD Million)
Table 9 Germany food contract manufacturing market, by service, 2018-2030 (USD Million)
Table 10 UK food contract manufacturing market, by service, 2018-2030 (USD Million)
Table 11 France food contract manufacturing market, by service, 2018-2030 (USD Million)
Table 12 Italy food contract manufacturing market, by service, 2018-2030 (USD Million)
Table 13 Spain food contract manufacturing market, by service, 2018-2030 (USD Million)
Table 14 Asia Pacific food contract manufacturing market, by service, 2018-2030 (USD Million)
Table 15 Asia Pacific food contract manufacturing market, by region, 2018-2030 (USD Million)
Table 16 China food contract manufacturing market, by service, 2018-2030 (USD Million)
Table 17 Japan food contract manufacturing market, by service, 2018-2030 (USD Million)
Table 18 India food contract manufacturing market, by service, 2018-2030 (USD Million)
Table 19 Australia food contract manufacturing market, by service, 2018-2030 (USD Million)
Table 20 South Korea food contract manufacturing market, by service, 2018-2030 (USD Million)
Table 21 Central and South America food contract manufacturing market, by service, 2018-2030 (USD Million)
Table 22 Central and South America food contract manufacturing market, by region, 2018-2030 (USD Million)
Table 23 Brazil food contract manufacturing market, by service, 2018-2030 (USD Million)
Table 24 Argentina food contract manufacturing market, by service, 2018-2030 (USD Million)
Table 25 Middle East and Africa food contract manufacturing market, by service, 2018-2030 (USD Million)
Table 26 Middle East and Africa food contract manufacturing market, by region, 2018-2030 (USD Million)
Table 27 South Africa food contract manufacturing market, by service, 2018-2030 (USD Million)
Table 28 Saudi Arabia food contract manufacturing market, by service, 2018-2030 (USD Million)
Table 29 UAE food contract manufacturing market, by service, 2018-2030 (USD Million)
List of Figures
Fig. 1 Market research process
Fig. 2 Data triangulation techniques
Fig. 3 Primary research pattern
Fig. 4 Market research approaches
Fig. 5 Value-chain-based sizing & forecasting
Fig. 6 QFD modeling for market share assessment
Fig. 7 Market formulation & validation
Fig. 8 Food contract manufacturing: Market outlook
Fig. 9 Food contract manufacturing: Competitive insights
Fig. 10 Parent market outlook
Fig. 11 Related/ancillary market outlook
Fig. 12 Penetration and growth prospect mapping
Fig. 13 Industry value chain analysis
Fig. 14 Food contract manufacturing market driver impact
Fig. 15 Food contract manufacturing market restraint impact
Fig. 16 Food contract manufacturing market strategic initiatives analysis
Fig. 17 Food contract manufacturing market: Service movement analysis
Fig. 18 Food contract manufacturing market: Service outlook and key takeaways
Fig. 19 Manufacturing market estimates and forecasts, 2018-2030
Fig. 20 Packaging market estimates and forecasts, 2018-2030
Fig. 21 Custom formulation and R&D market estimates and forecasts, 2018-2030
Fig. 22 Global food contract manufacturing market: Regional movement analysis
Fig. 23 Global food contract manufacturing market: Regional outlook and key takeaways
Fig. 24 North America market estimates and forecasts, 2018-2030
Fig. 25 U.S. market estimates and forecasts, 2018-2030
Fig. 26 Canada market estimates and forecasts, 2018-2030
Fig. 27 Mexico market estimates and forecasts, 2018-2030
Fig. 28 Europe. market estimates and forecasts, 2018-2030
Fig. 29 UK market estimates and forecasts, 2018-2030
Fig. 30 Germany market estimates and forecasts, 2018-2030
Fig. 31 France market estimates and forecasts, 2018-2030
Fig. 32 Italy market estimates and forecasts, 2018-2030
Fig. 33 Spain market estimates and forecasts, 2018-2030
Fig. 34 Asia Pacific market estimates and forecasts, 2018-2030
Fig. 35 Japan market estimates and forecasts, 2018-2030
Fig. 36 China market estimates and forecasts, 2018-2030
Fig. 37 India market estimates and forecasts, 2018-2030
Fig. 38 Australia market estimates and forecasts, 2018-2030
Fig. 39 South Korea market estimates and forecasts, 2018-2030
Fig. 40 Central and South America market estimates and forecasts, 2018-2030
Fig. 41 Brazil market estimates and forecasts, 2018-2030
Fig. 42 Argentina market estimates and forecasts, 2018-2030
Fig. 43 Middle East and Africa market estimates and forecasts, 2018-2030
Fig. 44 Saudi Arabia market estimates and forecasts, 2018-2030
Fig. 45 South Africa market estimates and forecasts, 2018-2030
Fig. 46 UAE market estimates and forecasts, 2018-2030

Companies Mentioned

  • 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

Methodology

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Table Information

Report AttributeDetails
No. of Pages100
PublishedOctober 2023
Forecast Period2022 - 2030
Estimated Market Value ( USD ) in 2022 $ 131.2 Billion
Forecasted Market Value ( USD ) by 2030 $ 274.7 Billion
Compound Annual Growth Rate9.7%
Regions CoveredGlobal
No. of Companies Mentioned15

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