The Asia Pacific Complete Nutrition Products Market would witness market growth of 7.8% CAGR during the forecast period (2021-2027).
Factors like increasing awareness among the consumers regarding the benefits of these products and the growing popularity of nutrition products are estimated to spur the growth of the market during the forecast period. In addition, customers are majorly inclining towards the adoption of products like food products containing organic & natural ingredients with clean labels, which is fueling the growth of the complete nutrition products market. Additionally, consumers majorly prefer nutrition supplements as a replacement for natural food products.
Moreover, the sedentary lifestyle and unhealthy eating habits of the consumer due to industrialization and modernization are creating more demand for complete nutrition products in the market. The increasing cases of chronic conditions and obesity would also support the growth of the market. Hence, customers are highly inclining towards a healthy lifestyle and physical fitness, which would accelerate the demand for complete nutrition products in the market.
The increasing internet penetration in the developing nations of this region is increasing the popularity of the e-commerce platforms, which is the most adopted distribution channel for complete nutrition products. In addition, the growing health awareness among the consumers due to the rising prevalence of various chronic diseases is estimated to fuel the growth of the regional market over the forecast period.
The increasing disposable income of the consumers in the emerging nations of the region like India, China, and Japan is contributing to the growth of the regional complete nutrition products market. Additionally, the shifting food patterns along with the rising living standard of the consumers are fueling the demand for complete nutrition products in the region. Moreover, consumers are becoming conscious about what they eat, which is creating demand for a wide range of healthy food items and food substitutes that could prove as an opportunity for the key market players to expand their business in the region.
The Powder market dominated the Malaysia Complete Nutrition Products Market by Products in 2020, thereby, achieving a market value of $44.1 Million by 2027. The Ready-to-drink Shakes market is showcasing a CAGR of 9.2% during (2021 - 2027). Additionally, The Bars market is expected to witness highest CAGR of 11.5% during (2021 - 2027).
Based on Products, the market is segmented into Powder, Ready-to-drink Shakes and Bars. Based on Distribution Channel, the market is segmented into Supermarkets & Hypermarkets, Convenience Stores, Online, and Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Worldwide Complete Nutrition Products Market is Projected to reach USD 6.3 Billion by 2027, at a CAGR of 6.5%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include 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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