Meal Replacement Market - Trends Forecast Till 2028

Meal Replacement Market by Product Type (Ready-to-Drink, Bars, Powder), Distribution Channel (Offline and Online), and Region (North America, Europe, Asia-Pacific, Middle East and Africa and South America)

Published Date: December, 2021

Base Year Estimate: 2020

Report ID: D-FB-MRM-729

Format:  

Number of Pages: 330

Domain: Food & Beverages

Meal Replacement Market – Trends Forecast Till 2028

The Meal Replacement market size is projected to reach a CAGR of 5.5% from 2021 to 2028.

Meal replacement is a substitute for a solid food and is used to replace and control the calorie intake and nutrition. Meal replacement items so used are drinks, bar and soup. These are cheaper than the solid food and are medically prescribed vitamin and minerals.

The increasing incidents and cases of obesity and diabetes amongst the population along with the lifestyle changes are some of the factors that have supported long-term expansion for Meal Replacement Market.

COVID-19 had an effect on the CMM market, eating healthy and working on self-immunity has gain popularity and thus the sales in the sector has increased during the pandemic.

Meal Replacement Market Research Report

North America is the most rapidly growing market and offers a huge opportunity for the industry, whose growth is driven by the presence of local players in the region.

Meal Replacement Market is segmented into product type, distribution channel and region.

On the basis of Products

  • Powder
  • Ready-to-drink
  • Bars
  • Other product types (cookies, soups, and smoothies)              

On the basis of Distribution Channel

  • Offline
  • Hypermarkets & supermarkets
  • Convenience stores
  • Specialty stores
  • Other offline distribution channels (department stores, local shops, discount stores, among others
  • Online

On the basis of Region

  • Asia Pacific
  • North America
  • Europe
  • South America
  • Middle East & Africa

Insights are provided for each region and major countries within the regions

Meal Replacement Market Primary Respondent

 

Key Players

  • Abbott Laboratories
  • Glanbia
  • Amway
  • Herbalife Nutrition
  • Nestle
  • Atkins
  • Huel
  • Kellogg Co.
  • Skin Enterprises Inc. 
  • USANA Health Sciences Inc.

Recent Developments

  • In June 2020, Huel came up with Huel Black Edition which is nutritious, gluten-free, without artificial sweeteners.

Reasons to Acquire

  • Increase your understanding of the market for identifying the best and suitable strategies and decisions on the basis of sales or revenue fluctuations in terms of volume and value, distribution chain analysis, market trends and factors
  • Gain authentic and granular data access for Meal Replacement s Market so as to understand the trends and the factors involved behind changing market situations
  • Qualitative and quantitative data utilization to discover arrays of future growth from the market trends of leaders to market visionaries and then recognize the significant areas to compete in the future
  • In-depth analysis of the changing trends of the market by visualizing the historic and forecast year growth patterns

Report Scope

 

Report Feature

Descriptions

Growth Rate

CAGR of 5.5% during the forecasting period, 2021-2028

Historical Data

2018-2019

Forecast Years

2021-2028

Base Year

2020

Units Considered

Revenue in USD billion and CAGR from 2021 to 2028

Report Segmentation

Product type, distribution channel and region.

Report Attribute

Market Revenue Sizing (Global, Regional and Country Level) Company Share Analysis, Market Dynamics, Company Profiling

Regional Level Scope

North America, Europe, Asia-Pacific, South America, and Middle East and Africa

Country Level Scope

U.S., Japan, Germany, U.K., China, India, Brazil, UAE, South Africa (50+ Countries Across the Globe)

Companies Profiled

Abbott Laboratories, Glanbia, Amway, Herbalife Nutrition, Nestle, Atkins, Huel, Kellogg Co., Skin Enterprises Inc. and USANA Health Sciences Inc.

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