According to the 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 was remunerated at USD 85.27 billion in 2020 and is projected to grow significantly during the forecast period 2021-2026.

 

As per the report findings, growing demand from developing countries for ready-to-eat food and protein drinks, as well as a surge in the working population and by extension, increased disposable income are all factors contributing to the expansion of global convenient nutrition market.

 

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New product launches with natural ingredients and organic foods, as well as advancements in packaging design are predicted to present significant growth prospects for the sector in the projected timeframe.

 

Furthermore, packaged dietary items such as energy bars and beverages have become more popular. This factor, along with rising obesity concerns, and increased preference for nutrient foods to maintain good health are boosting the market demand.

 

Based on product type, global convenient nutrition market is categorized into RTD protein shake, protein powder, and protein bars. Protein Shake Segment, in particular, is anticipated to develop significantly through 2026, owing to rising protein demand worldwide, which is driven by socioeconomic trends such as surge in disposable income, swift urbanization, and changing demographics with protein's significance to healthier aging being universally acknowledged.

 

As for the regional terrain, Asia Pacific market share is expected to increase substantially in the future as a result of rising consumer expenditure and urban sprawl in the emerging economies like India and China.

 

Speaking of competitive landscape, top tier players in the global convenient nutrition market include companies such as Amy's Kitchen, Glanbia PLC, Bakkavor Group PLC, Mondelez International Inc., Nestle S.A., Cargill Inc., Tyson Foods Inc., ConAgra Foods Inc., General Mills Inc., and MTR Foods Pvt. Ltd. among others.