According to the research report titled ‘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)’, available with MarketStudyReport, global convenient nutrition market generated revenues worth USD 85.27 billion in 2020 and is likely to expand significantly in the upcoming years.
 

Evolving consumer lifestyle, growing demand for convenience foods, innovative product launches, and technological advancements in packaging solutions are the key factors driving the growth of global convenient nutrition market.
 

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Increasing popularity of ready-to-eat foods, growing disposable income, and widespread adoption of sedentary lifestyle are also stimulating the overall industry outlook.
 

As per the product type, the report cites that global convenient nutrition market share from protein shake segment is expected to register considerable growth during the study period. This can be credited to the socio-economic changes across the globe, such as rapid urbanization, growing geriatric population, and rising per capita income.
 

Considering the geographical landscape, projections suggest that Asia-Pacific will emerge as a major revenue generator for the market participants in the subsequent years. Swift urbanization and growing consumer expenditure are positively swaying the business dynamics in the region.
 

Growing working population and rising health cognizance has augmented the demand for packaged nutritional foods. Additionally, increased pervasiveness of obesity and shifting preferences towards consuming protein-rich foods are also adding traction to the Asia-Pacific market size.
 

The prominent companies operating in global convenient nutrition market are Bakkavör Group plc, Conagra Brands Inc., General Mills Inc., Tyson Foods Inc. Mondelez International Inc., Nestlé S.A., and Glanbia plc among others.