The North America Complete Nutrition Products Market would witness market growth of 5.7% CAGR during the forecast period (2021-2027).
Powders are witnessing high demand due to the increasing prevalence of nutrient deficiency among the consumers. Due to this, several health experts are recommending complete nutrition products to the consumers so that they can minimize their nutrient deficiency. In addition, these complete nutrition products are more convenient and cost-efficient than traditional nutrition products.
The majority of the nutrition powders including vitamins D and B12, minerals like calcium & iron, herbs like echinacea & garlic, and products such as probiotics, glucosamine, and fish oils. In addition, they also include binders, fillers, and flavorings. There are numerous manufacturers that recommend that these powders should be taken with milk or lukewarm water, and also mention the serving quantity.
The increasing population of health-conscious people across this region is one of the major factors propelling the growth of the regional complete nutrition products market. The growing adoption of healthy food patterns among the customers is motivating various manufacturers to introduce various healthy food items to fulfil the growing demand for complete nutrition products. In addition, the high awareness regarding the benefits of consuming complete nutrition products would augment the regional demand for these products.
The increasing cases of chronic diseases in various nations of the region like the US and Canada are encouraging people to adopt healthy products, which is creating more opportunities for the key players of the complete nutrition products market. In addition, the growing demand for on-the-go and convenient food products in this region would also boost the growth of the regional market.
The US market dominated the North America Ready-to-drink Shakes Market by Country in 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $524.6 Million by 2027. The Canada market is experiencing a CAGR of 7.9% during (2021 - 2027). Additionally, The Mexico market would witness a CAGR of 7% during (2021 - 2027).
Based on Products, the market is segmented into Powder, Ready-to-drink Shakes and Bars. Based on Distribution Channel, the market is segmented into Supermarkets & Hypermarkets, Convenience Stores, Online, and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Global Complete Nutrition Products Market is Estimated to reach $6.3 Billion by 2027, at a CAGR of 6.5%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Bayer AG, SlimFast (Glanbia, Plc), exante (The Hut.com Ltd.), Huel, Inc., Soylent Nutrition, Inc., Jimmy Joy, RSP Nutrition, LadyBoss, yfood Labs and Complete Nutrition.
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