The global FPM contract manufacturing market is anticipated to grow at a considerable CAGR of 9.2% during the forecast period (2022-2028). The key companies operating in the industry are highly inclined towards the adoption of different growth strategies including capacity expansion, partnerships, mergers and acquisitions, geographical expansion, new product launches, and product innovation to remain competitive in the marketplace this is anticipated to positively impact significant market growth. Hence owing to the development and manufacturing of innovative solutions the FPM contract manufacturing market is augmenting its growth over the forecast period.
A full report of Food Processing and Manufacturing (FPM) Contract Manufacturing Market is available at: https://www.omrglobal.com/industry-reports/fpm-contract-manufacturing-market
For instance,
- In October 2021, MSI Express has acquired PacMoore Products, Inc.’s contract manufacturing operations located in Hammond, Indiana. The new acquisition adds capacity and operating capabilities for MSI’s rapidly increasing customer needs. The PacMoore Company has provided access to new customers and channels of blue-chip CPG customers.
- In June 2021, SGProtein, Singapore’ has acquired Bühler Group, to build the first contract manufacturing production plant line in Singapore for plant-based meat alternatives. This new plant will have a capacity of 3,000 tons of plant-based meat alternatives at Food Hub of Commonwealth Capital and the plant will support both start-ups as well as multinational companies.
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- In April 2021, SunOpta Inc. has expanded its plant-based manufacturing capacity at Allentown, Pa., plant as a new initiative coupled with increasing demand for plant-based innovation is contributing to outstripping current capacity for aseptic beverage processing units. This new expansion is to serve customers manufacturing oat-based yogurts and ice creams.
Market Coverage
- The market number available for – 2021-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered-
o By Services
- Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World
- Competitive Landscape- Nutrascience Labs, Inc., Nu-World Foods, NVE Pharmaceuticals, Inc., Pacmoore Products Inc., Thrive Foods LLC., Tree Top Inc. Van Law Food Products Inc., and others.
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominate the market in the base year?
- Which segment and region will project the fastest growth in the market?
- How has COVID-19 impacted the market?
o Deviation from the pre-COVID-19 forecast
o Most affected region and segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
Global Food Processing and Manufacturing (FPM) Contract Manufacturing Market Report Segment
- By Type
- Food Manufacturing Services
- Research and Development
• Food Packaging Services
