Market Research Report
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)
|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)|
Published: September 30, 2021
Content info: 200 Pages
Delivery time: 2-3 business days
The Global Convenient Nutrition Market was valued at USD 85.27 Billion in the year 2020. Changing customer trends have led to the growth of the convenience food and nutrient industry. Innovative products in natural ingredients, convenience, and organic foods and advances in packaging development areas are expected to provide the sector with a potential growth opportunity. The factors that play a major role in the growth of convenience food market are increasing demand for ready-to - eat food, snacks and protein shake, high demand from developing regions, growing disposable income, sedentary lifestyle and growth in the working population.
Based on Product Type, Protein Shake Segment is expected to grow significantly owing to increased demand for protein globally and is driven by socio-economic changes such as rising incomes, increased urbanisation, and ageing population whereby the contribution of protein to healthy ageing is increasingly recognised.
Asia pacific region is anticipated to grow enormously on account of the growing consumer spending in addition to rapid urbanisation in emerging nations of Asia Pacific region, backing the growth in the market. Countries such as India, China and Japan, present lucrative market for Convenient Nutrition market.
Furthermore, increasing busy lifestyle has been leading to the growing consumption of packaged nutritional foods, such as protein bars and drinks. In addition, rising obesity concerns along with increased preference for protein-rich products to maintain health has been a key factor augmenting the market demand.