The global demand for Meal Replacement Product Market is presumed to reach the valuation of nearly USD XXX MN by 2026 from USD XXX MN in 2019 with a CAGR of X.XX% under the study period of 2020 - 2026.
A meal replacement product is a packaged and low calorie food product that act as a substitute for a whole food meal. The most common type of meal replacement products available in the market are shakes, bars and powder and ready to eat foods. These meals are rich in essential nutrients, fats, proteins, fibers, vitamins, minerals and complex carbohydrates that help in replacing unhealthy or high-calorie meals and suppressing subsequent food cravings. These products are also come in a wide variety of flavors.
Increasing the prevalence of obesity and diabetes, along with rising health consciousness among consumers, is one of the key factors driving the growth of the market. In addition to this, growing consumer awareness regarding weight management is also catalyzing the demand for various meal replacement products. Due to the hectic lifestyles and busy schedules, consumers are increasingly opting for weight management and diet programs that include easy-to-prepare nutritional products. This has provided a significant boost to the demand for meal replacement products across the globe. Rising disposable incomes, rapid urbanization, aggressive promotional activities by manufacturers and the development of online retail channels are also projected to drive the market further.
The report covers Porter’s Five Forces Model, Market Attractiveness Analysis and Value Chain analysis. These tools help to get a clear picture of the industry’s structure and evaluate the competition attractiveness at a global level.
Additionally, these tools also give inclusive assessment of each application/product segment in the global market of meal replacement product.
The entire meal replacement product market has been sub-categorized into product type, application and distribution channel. The report provides an analysis of these subsets with respect to the geographical segmentation. This research study will keep marketer informed and helps to identify the target demographics for a product or service.
By Product Type
- Ready-to-Drink Products
- Edible Bars
- Powdered Products
By Distribution Channel
- Weight Gain
- Weight Loss
- Physical Fitness
- Wound Healing
- Hypermarkets and Supermarkets
- Convenience Stores
- Specialty Stores
- Online Stores
This section covers regional segmentation which accentuates on current and future demand for meal replacement product market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand for individual application segment across all the prominent regions.
Europe Meal Replacement Product Market By Revenue (USD MN)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the meal replacement product market include Abbott Laboratories, Blue Diamond Global Ingredients Division, Bob's Red Mill Natural Foods, General Mills, Glanbia Plc, Healthy 'N Fit International Inc., Herbalife International of America Inc., Company, Nestle SA, Nutrisystem Inc., Unilever Plc, etc. This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
This market research report has been produced by gathering information on the basis of primary and secondary research. Secondary research has been done by using various sources which include (but not limited to) Company Websites, Paid Data Sources, Technical Journals, Financial Reports, SEC Filings, and other different industry publications.
If specific information is required which is not currently within the scope of the report, it can be provided as a part of customization.