The prevalence of chronic diseases among the global population stands as a major factor boosting the global health supplementary foods OEM and ODM market. Additionally, developing healthcare infrastructure, supplementary medical facilities, and growing funds for research and development of biomedical and pharmaceutical products are also anticipated to drive the growth of the market.
Enzymes segment holds the largest share in the global health supplementary foods OEM and ODM market, owing to rise in the lifestyle diseases such as digestive diseases, majorly intestinal diseases. For example, according to a study by the National Institute of Diabetes and Digestive and Kidney Diseases in the year 2014, prevalence of the digestive diseases was found to be 60 to 70 million in the United States.
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Increasing inventory of new food and beverages products with high nutritional content is one of the major drivers for increase in the revenue of the global health supplementary foods OEM and ODM market.
Major players in the market engaged in consolidation and securing procedures
Joint endeavors and coordinated efforts on organizational level are opted by players to stay ahead of their competitors. Major players in the health supplementary foods OEM and ODM market are engaged in consolidation-strategies. Numerous players are focused on product advancements in order to boost their market presence. Some of the key players in the global health supplementary foods OEM and ODM market are Nutricare Co. Ltd., Syngen Biotech Co., Goerlich Pharma GmBH, Cosmax Inc., and Novarex Co. Ltd.
Geographically, North America is the dominant region in the global health supplementary foods OEM and ODM market. The growth is supported by the presence of well-established healthcare structure and medical facilities. Asia Pacific is another region where the market has potential to expand substantially owing to the efforts taken by emerging countries in the region to advance their healthcare infrastructure.
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