Global Diet Meals Market – Industry Trends and Forecast to 2029

Global Diet Meals Market, By Product (Supplements, Beverages, Snacks, Dairy, Others), Distribution Channel (Hypermarket and Supermarket, Specialty Stores, Convenience Stores, Online), Type (Functional Food, Naturally Health Food, Better-For-You (BFY) Food, Food Intolerance Products, Organic Food) – Industry Trends and Forecast to 2029.

Diet Meals Market Analysis and Size

Various types of "diet food" products are available in the retail market to make it easier and less painful for consumers to lose weight and make healthier, more responsible eating choices. The diet meals market has expanded across a wide range of food and beverage categories, including many not traditionally associated with weight loss, as a result of a steady influx of new product introductions.

Data Bridge Market Research analyses that the diet meals market was valued at USD 143.22 billion in 2021 and is expected to reach the value of USD 318.35 billion by 2029, at a CAGR of 10.50% during the forecast period of 2022-2029. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.

Diet Meals Market Scope and Segmentation

Market Definition

Diet meals (or dietetic food) is any food or beverage whose recipe has been altered to reduce fat, carbohydrates, and/or sugar as part of a weight loss programme or diet. Bodybuilding supplements are designed to increase weight, whereas such foods are usually intended to aid in weight loss or a change in body type.

Global Diet Meals Market Dynamics

Drivers

• Growing obese population worldwide is creating an essential need for proper nutrition

One of the primary factors driving market growth is the rising prevalence of obesity. Rising bariatric surgeries, a growing obese population worldwide, and rising disposable income in emerging economies are all driving the diet meals market forward. Growing Obesity and overweight people are associated with a high prevalence of chronic diseases such as diabetes, hypertension, heart attacks, and orthopaedic diseases all over the world. As a result, the demand for healthy food and a balanced diet is positively driving the diet meals market growth.

• Growing adoption of diet plans and increase participants in fitness centres

Some of the factors expected to drive the growth of the diet meals market in the forecast period include rising preference for junk food, increased awareness of available substitutes for weight loss and management, and rising popularity of diet plans and fitness centres.

Opportunity

A growing number of innovations and technological advancements, as well as brand endorsement and marketing, will create new and abundant opportunities for the growth of the diet meals market during the forecast period.

Restraints

High costs associated with product consumption, as well as a lack of consumer awareness about the benefits of the products in developing economies, will likely impede the growth of the diet meals market during the forecast period. The limited role of branded companies will be the most significant and immediate challenge to market growth.

This diet meals market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the diet meals market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays

Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions.

Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.

COVID-19 Impact on Diet Meals Market

COVID-19 had a marginally positive market impact. This is due to increased health awareness among people during the pandemic era. Individuals began to focus on consumption patterns, resolved to curb unhealthy habits, and developed the habit of exercising and focusing on physical health. Individuals found a lot of inspiration and motivation from online videos and social medical channels. However, supply chain disruptions made transportation and distribution of weight management equipment difficult. Furthermore, movement restrictions added to the difficulties.

Expected Impact of Economic Slowdown on the Pricing and Availability of Products

When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.

Recent Development

• In September 2020, Apple unveiled the Fitness+, which intelligently incorporates metrics from Apple Watch for users to visualize right on their iPhone, iPad, or Apple T.V., offering a first-of-its-kind personalized workout experience.
• In March 2020, CoreX Fit Life created the CoreX, the only fitness machine that has the capability of over 100 exercises, as well as sports simulation in a compact design. The CoreX allows for over 100 exercises for cardio, HIIT, strength training, Pilates, and toning.

Global Diet Meals Market Scope

The diet meals market is segmented on the basis of product, distribution channel, and type. The growth amongst these segments will help you analyse meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Product

• Beverages
• Supplements
• Snacks
• Dairy
• Others

Type

• Functional Food
• Naturally Health Food
• Better-For-You (BFY) Food
• Food Intolerance Products
• Organic Food

Distribution channel

• Hypermarket and Supermarket
• Specialty Stores
• Convenience Stores
• Online

Diet Meals Market Regional Analysis/Insights

The diet meals market is analysed and market size insights and trends are provided by country, product, distribution channel, and type as referenced above.

The countries covered in the diet meals market report are U.S., Canada, Mexico in North America, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Brazil, Argentina, Rest of South America as a part of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).

Europe dominates the diet meals market due to the prevalence of a large consumer base consuming healthy products, whereas North America is expected to grow at the fastest rate from 2022 to 2029 due to the region's easy availability of diet products.

The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of Global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.   

Competitive Landscape and Diet Meals Market Share Analysis

The diet meals market competitive landscape provides details by competitor. details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, Global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to diet meals market.

Some of the major players operating in the diet meals market are:

• Atkins Nutritionals, Inc. (U.S.)
• Herbalife Ltd. (U.S.)
• Nutrisystem Ltd. (U.S.)
• Kellogg Company (U.S.)
• Ethicon, Inc. (U.S.)
• Covidien, plc. (U.S.)
• Apollo Endosurgery (U.S.)
• Olympus Corporation (Olympus) (Japan)
• Weight Watchers International (U.S.)
• Jenny Craig (U.S.)
• eDiets.com, Inc. (U.S.)
• The Gold’s Gym International (U.S.)
• Brunswick Corporation (U.S.)
• Amer Sports (Finland)
• Johnson Health Tech (Taiwan)
• Technogym SpA (Italy)