Complete Nutrition Products Market Earnings Margins, Value Of Production & Consumption Demand Figures 2023 to 2033
The complete nutrition products market is expected to increase at a 6.39% CAGR from 2023 to 2033, from US$ 5.22 billion in 2023 to US$ 9.70 billion by 2033.
The Popularity of Bars, Ready-to-drink Beverages, and
Other Items is Increasing the Demand for Comprehensive Nutrition
Solutions
Complete nutrition solutions contain 20-30 vitamins and
minerals, protein, and carbohydrates. These do not require cooking, in turn
making them an appealing food option, particularly for working people and
single-person homes. Due to rigorous work schedules and busy lifestyles, the
trend of on-the-go consumption is gaining popularity among Millennials and
Generation Z. Consequently, this trend is increasing the demand for full
nutrition solutions.
A growing number of single-person homes that prefer to
consume quick food and beverage products due to a lack of time is expected to
drive market expansion in the future years.
Due to an increase in working-class disposable income and
increased expenditure on nutritious food goods, consumers have shown a great
readiness to pay high costs for convenient food products in recent years. This
is likely to increase demand for full nutrition products. The use of these items
has been noted to be increasing among women as the number of working women
worldwide increases.
The growing popularity of nutrition products and expanding
public awareness about their advantages are the primary factors driving the
growth of the complete nutrition products market. Customers are interested in
items with natural and organic ingredients, clean-label products, and so on.
Furthermore, people prefer nutrition supplements as an alternative to natural
food products.
Modernization and industrialisation are two important
aspects that have contributed to the population’s sedentary lifestyle and bad
eating habits. This has resulted in a rising number of persons suffering from
chronic diseases and obesity. Due to the increasing prevalence of chronic diseases
and obesity, individuals are gravitating toward a healthy lifestyle and
physical exercise. As a result, the need for full nutrition products has
skyrocketed.
The growing popularity of the e-commerce sector is another
factor impacting the market expansion. The increased use of smartphones and the
increasing penetration of the internet has improved consumer awareness of
nutritious items. This has propelled market expansion during the predicted
period.
Customers’ online shopping has increased at a rate of more
than 50%, providing significant chances for the entire nutrition products
sector.
Information Source:
https://www.futuremarketinsights.com/reports/complete-nutrition-products-market
Key Points from the Complete Nutrition Products
Market
- The
market is expected to surpass US$ 9.70 billion by 2033.
- The
rising cases of obesity around the world, increasing concerns about
vitamin and calcium deficiencies, and growing protein awareness are the
driving factors in the complete nutrition products market.
- Complete
nutrition products market is expected to record a CAGR of 6.39% during the
forecast period 2023 to 2033.
- North
America dominated the complete nutrition products market.
Key Developments in the Complete Nutrition Products
Market
August 2021 – Huel announced a relationship with
Contentsquare, the only full-experience analytics platform. This collaboration
aims to help drive the company’s growth through digital experience innovation.
March 2021 – Soylent announced a partnership
with Walgreens, a global leader in retail pharmacy. This collaboration intended
to broaden Soylent’s retail reach by making all Soylent products, including
novel formats and on-the-go options, accessible for purchase at Walgreens
locations across the United States.
June 2021 – THG announced the acquisition of
Brighter Foods, a food maker. This acquisition sought to accelerate the
introduction of new product innovations into worldwide markets while also
increasing the amount of THG Nutrition products manufactured entirely in-house.
August 2020 – Glanbia acquired Foodarom, a
custom taste designer and maker. This acquisition sought to enhance Glanbia
Nutritionals’ solutions-based client strategy and target areas, as well as
strengthen Glanbia’s expertise in the tastes and nutritional solutions
segments.
October 2020 – Abbott Laboratories introduced
strawberry-flavored food supplements in India. As a result, the company’s array
of dietary supplements will be expanded.
November 2019 – Amway invested USD 200 million
in a nutritional supplement innovation plant in China. This enhanced the company’s
overall growth by allowing it to provide customized solutions.
October 2019 – Herbalife launched a relaxing tea
and new immunological fundamentals, including EpiCor, to meet nutritional
supplement demand in North American market. This would expand the company’s
array of dietary supplement products.
Some of the market’s leading companies are:
- Abbott
Laboratories
- Amway
- Danone
- Herbalife
Nutrition
- Ideal
Shape
- Slim
Fast
- Lady
Boss
- RSP
Nutrition
- Jimmy
Joy
- Soylent
- Muscle
Blaze
Complete Nutrition Products Market Key Segmentation
by Product:
- Powder
- RTD
Shakes
- Bars
by Distribution Channel:
- Supermarkets
- Convenient
Stores
- Online
Stores
by Region:
- North
America
- Europe
- Asia
Pacific
- Lat
America
- Middle
East & Africa
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