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In an era where physical health and fitness have become a prime necessity, nutraceutical ingredients are emerging as viable components contributing to the overall well-being of an individual.
Armada Nutrition, a full-service product developer and manufacturer specializing in powder and capsule applications, announces plans to broaden its operation capacity with a new 438,000-square-foot nutraceutical manufacturing facility in Salt Lake City, Utah. Combined with the company's existing plant in Spring Hill, Tennessee, Armada will have over 750,000 square feet of manufacturing space, making Armada one of the industry's largest contract manufacturers in the US in terms of capacity and output.
Nutraceuticals can encompass a wide variety of health-related products including vitamins, supplements, mineral blends, and even various foods like energy bars. Many of these formulations involve the fine blending of as many as 40-50 components, including powders and trace elements.
The nutraceutical ingredients market is projected to be worth $38.7 billion by 2020 with a compound annual growth rate of 7.2 percent, according to a new report from analysts MarketsandMarkets.