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Complete Nutrition Products Market Analysis, Market Size, Leading Players, Share And Forecast To 2033
Complete Nutrition Products Market
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.
Market Overview -
Complete nutrition products refer to food or supplement products that are designed to provide a balanced mix of macronutrients and micronutrients essential for optimal health. These products are intended to supplement or enhance a healthy diet and lifestyle.
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Global Surge In Health Conditions Fuels Growth Of Complete Nutrition Products Market
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.
Competitive Landscape -
Major companies operating in the complete nutrition products market report are Huel Limited, Numix LLC, IdealShape LLC, SlimFast Group, LadyBoss Weight Loss LLC, RSP Nutrition LLC, Bright Lifecare Pvt. Ltd., Jimmy Joy B.V., YFood Labs GmbH, Herbalife Nutrition Ltd., Amway Corporation, Ample Foods Inc., Danone S.A., Abbott Laboratories, PROBAR LLC, Nestlé S.A., GlaxoSmithKline plc, The Nature's Bounty Co., Nature's Way Products LLC, Garden of Life LLC, NOW Foods, Isagenix International LLC, Orgain Inc., MuscleTech, Vitacost.com Inc., USANA Health Sciences Inc., AdvoCare International L.P., Pharmavite LLC, Bayer AG, XanGo LLC, SmartyPants Vitamins, Barlean's, Optimum Nutrition, Swisse Wellness Pty Ltd, Pure Protein Corporation, Ambronite, Arbonne International LLC, Quest Nutrition LLC, Bio-Engineered Supplements and Nutrition Inc., Amazing Grass, Rain International LLC, Sunwarrior
Product Innovations Drive New Heights In The Complete Nutrition Products Market
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, a premium medium-chain triglyceride (MCT) oil powder that is designed to support the 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.
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Key Segments -
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
Key highlights covered in the report -
1. Detailed market size forecast and historical data analysis
2. Key drivers influencing market growth
3. Identification of upcoming trends and potential opportunities in the market
4. Analysis of major players strategies, to understand competitive dynamics and market positioning
5. Evaluation of regional dynamics
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