The supplement market is booming at a rapid pace. About 53 per cent of people in Singapore take some kind of dietary supplement to improve their health. (https://www.statista.com/statistics/1183168/singapore-share-of-people-taking-dietary-supplements/#:~:text=Share%20of%20people%20who%20consumed%20dietary%20supplements%20in%20Singapore%202022&text=According%20to%20a%20survey%20by,that%20they%20took%20dietary%20supplements.) So, if you have plans to enter the supplement industry, it is indeed a great decision.
However, as a newcomer to the market, manufacturing the supplements yourself may not be a good idea. That is why you will have to opt for pharmaceutical contract manufacturing. But many supplement brands do not consider this option. It is mainly because of myths around contract manufacturing.
In this blog, you will learn the top myths about supplement contract manufacturing. Let’s dive in!
1. The contract manufacturers offering the lowest price is the best.
For first-time supplement brand owners, price is one of the most crucial factors. To make more profits, they look for ways to save money. As a result, they often choose to partner with supplement manufacturers providing services at the lowest prices. However, it may cost you more in the long run.
When you want to provide the best oral collagen supplement for skin or any other supplement, it is always a good idea to collaborate with reputed contract manufacturers. Even if the price point is slightly higher, they will enable you to deliver quality products and satisfy your customers. Gradually, you will gain a reputation in the market and growing your profits will be easier.
2. Contract manufacturing results in loss of control.
When it comes to outsourcing the supplement manufacturing process, losing the ability to manage core operations is the fear of many business owners. However, it isn’t true at all! You do not have to give up your control entirely. You can still manage what ingredients to use, how to manufacture the supplements, their packaging, and more.
In fact, supplement contract manufacturing makes business easier for you. While the manufacturers handle the manufacturing process, you can manage the rest of the business operations better.
3. Flexibility is an issue.
When you opt for contract manufacturing of supplements, flexibility will never be an issue. Instead, they make scaling your business more convenient. Based on your demand, you can easily increase or decrease your production. Moreover, many contract manufacturers have a low MOQ (Minimum Order Quantity). So, running the supplement business becomes easy for the new brands.
4. Contract manufacturing lowers the business profit.
Several supplement brands are of the belief that contract manufacturing can increase the cost of production and minimise business profits. However, it is just the opposite. These manufacturers have long-term relationships with different suppliers. So, they can get high-quality raw materials at discounted prices. As a result, they can help in manufacturing the supplements at less cost. It ultimately enables you to enjoy great profits in your business.
Now that you know about the myths, it’s time to stop believing them and connect with professional supplement manufacturers. Are you looking for a reliable supplement or private label skincare manufacturer? If yes, APD Pharmaceutical is the right choice. Reach out to the experts right away and discuss your specific manufacturing needs.