The Latin America, Middle East and Africa Complete Nutrition Products Market would witness market growth of 7.4% CAGR during the forecast period (2021-2027).
Owing to the increasing internet penetration around the world, the e-commerce platforms are witnessing significant growth, which would further enhance the visibility of complete nutrition products during the forecast period. The constant improvements in e-retailing have also created several lucrative opportunities for key market players like YFood Labs, and Huel to sell and promote their product range to customers around the world.
Several health-conscious consumers in the nations like South Africa are demanding various dietary supplements which motivate various manufacturers to develop new products to fulfil this growing demand. In addition, the increasing disposable income of the consumers is one of the major aspects fueling the demand for complete nutrition products in the region. The growing health awareness among the customers is opening new growth prospects for the regional market.
Moreover, the shifting consumer food patterns would accelerate the demand for complete nutrition products in the regional market during the forecast period. The rising cases of several health diseases are motivating people to maintain a healthy lifestyle and food habits, which would also surge the growth of the regional complete nutrition products market.
The Brazil market dominated the LAMEA Convenience Stores Market by Country in 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $33.4 Million by 2027. The Argentina market would witness a CAGR of 7.6% during (2021 - 2027). Additionally, The UAE market is expected to witness a CAGR of 6.1% 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 Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Global Complete Nutrition Products Market is Predict to reach $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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