The Complete Nutrition Products Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Complete Nutrition Products Global Market Report 2024, The complete nutrition products market size has grown strongly in recent years. It will grow from $5.56 billion in 2023 to $5.91 billion in 2024 at a compound annual growth rate (CAGR) of 6.3%. The growth in the historic period can be attributed to increased health consciousness, aging population, busy lifestyles, sports and fitness trends, nutritional deficiency awareness.
The complete nutrition products market size is expected to see strong growth in the next few years. It will grow to $7.58 billion in 2028 at a compound annual growth rate (CAGR) of 6.4%. The growth in the forecast period can be attributed to personalization and customization, e-commerce and direct-to-consumer channels, focus on mental health and cognitive function, sustainability and ethical considerations, government initiatives and regulations. Major trends in the forecast period include personalization and customization, plant-based and alternative proteins, functional ingredients for health benefits, convenience and on-the-go options, digital health and wellness integration.
The rising prevalence of health conditions such as obesity, cardiovascular disease, and cancer is expected to propel the growth of the complete nutrition products market going forward. The health condition refers to a growing number of individuals experiencing health issues related to obesity, including heart disease, stroke, and specific forms of cancer. Complete nutrition products are part of a balanced diet and lifestyle to help manage health issues by providing a balanced mix of macronutrients and essential micronutrients. For instance, In March 2023, according to a report published by the World Obesity Federation, a UK-based professional organization, more than 4 billion individuals, constituting 51% of the global population, will be grappling with overweight or obesity by 2035. Additionally, nearly 2 billion people, translating to 1 in 4 individuals, are anticipated to be affected by obesity. Furthermore, in December 2022, according to the Journal of the American College of Cardiology (JACC), a peer-reviewed medical journal published by the American College of Cardiology, ischemic heart disease accounted for 9.44 million cardiovascular deaths in 2021. In addition, hypertensive heart disease and pulmonary arterial hypertension accounted for 1.41 million and 23,300 deaths, respectively. Therefore, the rising prevalence of health conditions such as obesity, cardiovascular disease, and cancer is driving the market growth for complete nutrition products.
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The complete nutrition products market covered in this report is segmented –
1) By Product: Powder, (Ready-To-Eat) RTD Shakes, Bars
2) By Distribution Channel: Supermarkets & Hypermarkets, Convenience Stores, Online, Other Channels
3) By End-User: Infant, Children, Adults, Elderly
Product innovations are a key trend gaining popularity in the complete nutrition products market. Companies operating in complete nutrition products market are adopting new technologies to create innovative nutritional products and sustain their position in the market. For instance, in July 2021, Glanbia Nutritionals Inc., a US-based nutrition company, launched KetoSure MCT, a premium medium-chain triglyceride (MCT) oil powder that is designed to support the ketogenic diet. Glanbia Nutritionals is used as a proprietary technology of the spray-drying process to create a highly dispersible MCT oil powder that is easy to use in a variety of applications, including protein powders, meal replacement shakes, and snack bars.
The complete nutrition products market report table of contents includes:
1. Executive Summary
2.Complete Nutrition Products Market Characteristics
3.Complete Nutrition Products Market Trends And Strategies
4. Complete Nutrition Products Impact On market analysis
5. Complete Nutrition Products Market Size And Growth
6.Complete Nutrition Products Segmentation
7.Complete Nutrition Products Regional And Country Analysis
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27.Complete Nutrition Products Competitive Landscape And Company Profiles
28.Complete Nutrition Products Key Mergers And Acquisitions
29.Complete Nutrition Products Future Outlook and Potential Analysis
TOP MAJOR PLAYERS:
- Huel Limited
- Numix LLC
- IdealShape LLC
- SlimFast Group
- LadyBoss Weight Loss LLC
- RSP Nutrition LLC
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