The global Meal Replacement Market size is expected to reach USD 18.61 Billion in 2030 and register a revenue CAGR of 5.2% over the forecast period, according to latest analysis by Reports and Data. Changing consumer lifestyles and rising health consciousness among the consumers are some key factors expected to drive market revenue growth during the forecast period.
Meal
replacement market is expanding in developing countries owing to growing
obesity rates, aging population, and growing awareness regarding nutritious
foods. There is a rise in lifestyle diseases such as diabetes, osteoporosis,
and cardiovascular diseases in countries such as Japan, South Korea, and India,
which is expected to drive market revenue growth. In addition, obesity is one
of the growing health concerns in many countries. The growing occurrence of
chronic diseases is expected to be an opportunity for the meal replacement
market and drive the market growth during the forecast period.
Rising
health consciousness among the consumers and expansion of e-commerce industry
are the factors expected to drive growth of meal replacement market. After the
COVID-19 pandemic, customers are more concerned about their health and have
also recognized that sufficient nutrition and hydration are crucial for the
human body to stay healthy. Eating healthy food is also viewed as a preventive
step to avoid future health care expenses. People who consume a well-balanced diet
tend to be healthier with better immune systems and are at decreased risk of
chronic illnesses and infectious diseases. There is a steady rise and
acceptance of nutritious diet to substitute normal meals which are driving
growth of meal replacement market.
However,
meal replacement foods have some artificial ingredients. The artificial
ingredients help to preserve the product. Many of these foods also have
artificial flavors and extra sweeteners that can be harmful to health. The
presence of unwanted elements such as artificial flavors, sugar for taste
improvement, and preservatives are expected to hinder market growth to some
extent. The
Meal
Replacement market has been segmented into key regions of the world and offers
an analysis of growth rate, market share, market size, current and emerging
trends, production and consumption ratio, industrial chain analysis, demand and
supply, import and export, revenue contribution, and presence of key players in
each region. A country-wise analysis of the market is offered in the report to
gain a better understanding of the regional spread and progress of the Meal
Replacement market.
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Competitive Landscape:
The
research report offers details about leading companies in the global Meal
Replacement market along with global position, financial standing, license
agreement, products and services portfolio and revenue contribution of each
market player. Key players in the market are focusing on adopting various
strategies such as mergers and acquisition, business expansion plans, new
product launches, partnerships, collaborations, joint ventures to enhance their
product base and gain robust footing in the market.
Some of the Leading Market Players Are Listed Below:
·
Abbott Laboratories
·
Kellogg Company
·
Herbalife Nutrition Ltd
·
Unilever PLC
·
Amway Corp
·
Nestlé S.A
·
Huel Inc
·
Glanbia PLC
·
General Mills, Inc
·
Bob’s Red Mill Natural
Foods, Inc
·
Nu Skin Enterprises
·
Usana Health Sciences,
Inc
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Market Segmentation:
The
Global Meal Replacement industries are also studied based on leading segments,
and examines dominant product and application segments in detail. The report
aims to help reader’s benefits from the growth prospects existing in the market
in the global Meal Replacement industries. It offers key information on drivers
and restraints influencing the leading segments in the global Meal Replacement
industries.
Meal Replacement Market Segmentation based on Product Types:
- Powder
- Ready-to-Drink
- Protein Bars
- Others
Meal Replacement Market Segmentation based on Application:
- Weight Gain
- Weight Loss
- Physical
Fitness
- Wound Healing
- Others
Meal Replacement Market Segmentation based on Distribution
Channel:
- Hypermarkets
and Supermarkets
- Convenience
Stores
- Specialty
Stores
- Online Stores
- Others
For
comprehensive coverage, the report discusses growth prospects, opportunities,
and challenges. The market report considers various key factors across the
leading regions.
Meal Replacement Market Segmentation based on Regions:
· North
America (U.S., Canada, Mexico)
· Europe
(Germany, U.K., France, Italy, Spain, Benelux, Rest of Europe)
· Asia
Pacific (China, India, Japan, South Korea, Rest of Asia Pacific)
· Latin
America (Brazil, Rest of Latin America)
· Middle
East & Africa (Saudi Arabia, UAE, South Africa, Rest of Middle East &
Africa)
Key Features of the global Meal Replacement Market:
· The
report offers detailed estimations at the regional level with manufacturers,
consumption, sales and import/export dynamics.
· The
report provides accurate details related of the manufacturers/vendors in the
market, company overview, pricing analysis, financial standing, product
portfolio, and gross profit of leading companies.
· Company
profiling with prevalent expansion strategies, revenue generation, and recent
developments.
· Optimum
strategic initiatives for new players in the market.
· Manufacturing
processes, suppliers, cost, rates of production and consumption, transport mode
and cost structuring, and value chain analysis.
· The
study also includes supply chain trends, including elaborate descriptions of the
latest technological development
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you for reading our research report. We also offer report customization as per
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Key questions addressed in the Report:
· Which
key players are operating in the global Meal Replacement market?
· Which
key factors are expected to hamper global market revenue growth?
· What
market size is the global Meal Replacement market expected to reach throughout
the forecast period?
· Which
application segment revenue is expected to expand at a rapid CAGR between 2021
and 2030?
· Which
region is expected to account for robust revenue share throughout the forecast
period?
· Which
regional segment is expected to register fastest revenue CAGR throughout the
forecast period?
· What
revenue CGAR is the global Meal Replacement market expected to register during
the forecast period?
· What
are the key outcomes of Porter’s Five Force analysis of the Meal Replacement
market?
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Reports and Data
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