Published Date: 18-Nov-2021
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According to a new report Global Complete Nutrition Products Market, published by KBV research, The Global Complete Nutrition Products Market size is expected to reach $6.3 billion by 2027, rising at a market growth of 6.5% CAGR during the forecast period.
The Ready-To-Drink shakes segment is anticipated to witness the fastest growth rate over the forecast period. The swift surge in the demand for convenient and cost-efficient nutrition products would accelerate the adoption of RTD shakes among the population. In addition, the availability of a wide variety of RTD shakes in different flavors by various market players like Soylent, and Huel due to their high demand from the population, which would support the growth of the segment over the forecast period.
The supermarkets & hypermarkets segment accounted for the highest revenue share in the market in 2020. The rising prevalence of independent retail stores like Costco, Walmart, GNC Holdings, and The Vitamin Shoppe is improving the visibility of these products and thus, expanding the consumer base. In addition, increasing preference of the customers to purchase such nutrition products from retail stores owing to the broad availability of wellness brands would also support the growth of the segment.
The Asia Pacific region is anticipated to display a prominent growth rate in the complete nutrition products market during the forecast period. This growth is the result of the high demand for these products majorly from nations like Australia, Japan, China, Taiwan, and India. Key market players are increasing their reach by entering the emerging market across the Asia Pacific region, which would propel the growth of regional market. In addition, the unhealthy dietary pattern of the consumers is motivating them to spend on nutritional food products that would surge the growth of the regional market over the forecast period.
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of 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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