Global Convenient Nutrition Market To Amass Substantial Gains By 2026

May 11, 2022

According to the recent research report titled ‘Global Convenient Nutrition Market - Analysis By Product Type (Protein Shake, RTD Protein Shake, Protein Bar), Distribution Channel, By Region, By Country (2021 Edition): Market Insights and Forecast with Impact of COVID-19 (2021-2026)’ available with MarketStudyReport, global convenient nutrition market generated revenues worth USD 85.27 billion in 2020 and is expected to grow significantly through 2026.

The fast-food and nutrient sector has grown in response to changing consumer preferences. This coupled with growing demand for natural ingredients, convenience, and organic foods, as well as advancements in packaging creation, are predicted to present a significant growth opportunity for the global convenient nutrition market growth.

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Increasing demand for ready-to-eat food, snacks, and protein shakes, high demand from developing countries, expanding disposable income, growing adoption of sedentary lifestyle, and swift expansion of the working population are all factors contributing to the overall market remuneration.

This widespread adoption of hectic lifestyle has augmented the demand for packaged nutritional food items such as protein bars and drinks. Additionally, rising obesity concerns, as well as an increased preference for protein-rich goods to maintain health are also boosting global convenient nutrition market size.

The marketplace is segmented on the basis of product type, distribution channel, and regional landscape.

Based on the product landscape, the market is divided into RTD protein shake, protein shake, and protein bar. The protein shake segment is estimated to grow significantly due to rising demand for protein-based products globally and by socio-economic changes such as growing consumer incomes, aging population, and increased urbanization.

The distribution channel of this business space is bifurcated into online and offline segments.

The regional landscape of the global convenient nutrition industry is widespread across Europe, Asia Pacific, the Middle East & Africa, Latin America, and North America.  Asia Pacific market is predicted to grow substantially during the forecast period due to growing consumer spending and rapid urbanization.

The competitive landscape of global convenient nutrition business sphere is defined by companies such as Cargill Inc., Amy's Kitchen, MTR Foods Pvt. Ltd., ConAgra Foods Inc., Tyson Foods Inc., Nestlé S.A, General Mills Inc., Bakkavor Group plc, Mondelez International Inc., and Glanbia plc.

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