Global Meal Replacement Products Market, By Product (Powder, RTD, Protein Bar and Others), Distribution Channel (Online and Offline), and Country (U.S., Canada, Mexico, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Rest of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of the Middle East and Africa) Industry Trends and Forecast to 2028
Market Analysis and Insights : Global Meal Replacement Products Market -
The meal replacement products market is expected to witness market growth at a rate of 7.38% in the forecast period of 2021 to 2028. Data Bridge Market Research report on meal replacement products market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market's growth. The rise in the prevalence of obesity, diabetes, and cardiovascular diseases among others is escalating the growth of meal replacement products market.
Meal replacement products are the several food and beverage alternatives available in the industry that are advanced for solid meals. The products are industrialised keeping in mind the suitable amounts of nutrition needed by the body and are thus intended for offering “fuel” to consumers.
Major factors that are expected to boost the growth of the meal replacement products market in the forecast period are the rise in the alertness amongst the consumers related to maintaining a healthier lifestyle. Furthermore, the increase in the prevalence of population suffering from obesity is further anticipated to propel the growth of the meal replacement products market. On the other hand, the rise in the number of substitute sources of nutrition accessible locally in several countries is further projected to impede the growth of the meal replacement products market in the timeline period.
In addition, the several celebrity advertisements from famous athletes and sports personalities will further provide potential opportunities for the growth of the meal replacement products market in the coming years. However, the rise in the price regarding the production and marketing of these products which might further challenge the growth of the meal replacement products market in the near future.
This meal replacement products market report provide details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, the 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 meal replacement products market, contact Data Bridge Market Research for an Analyst Brief. Our team will help you take an informed market decision to achieve market growth.
Global Meal Replacement Products Market Scope and Market Size
Stabilizing agents for the meat products market is segmented on the basis of product and distribution channel. The growth among segments helps you analyze niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of product, the meal replacement products market is segmented into powder, ready-to-drink (RTD), protein bar and others.
- On the basis of distribution channel, the meal replacement products market is segmented into online and offline. Online is further sub segmented into online retailers and e-commerce. Offline is further sub segmented into convenience stores, hypermarkets or supermarkets and specialty stores.
Meal Replacement Products Market Country Level Analysis
The meal replacement products market is analyzed, and market size, volume information is provided by country, product and distribution channel as referenced above.
The countries covered in the meal replacement products market report are the 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 the Middle East and Africa (MEA).
North America dominates the meal replacement products market due to the occurrence of a majority of the health-conscious population. Furthermore, the rise in the incidence of obesity, diabetes, cardiovascular diseases, high blood pressure, and high cholesterol levels will further boost the growth of the meal replacement products market in the region during the forecast period. Asia-Pacific is projected to observe a significant amount of growth in the meal replacement products market due to urbanization. Moreover, the increase in the population and the growing awareness related to the several nutritional dietary requirements in the advancing countries is further anticipated to propel the growth of the meal replacement products market in the region in the coming years.
The country section of the meal replacement products market report also provides individual market impacting factors and changes in regulation in the market domestically that impact the current and future trends of the market. Data points such as consumption volumes, production sites, and volumes, import-export analysis, price trend analysis, cost of raw materials, downstream and upstream value chain analysis are some of the major 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, the impact of domestic tariffs, and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Meal Replacement Products Market Share Analysis
The meal replacement products market competitive landscape provides details by a 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 meal replacement products market.
The major players covered in the meal replacement products market report are Soylent, Abbott, Nestlé, Herbalife International of America, Inc., SlimFast, Blue Diamond Growers, Glanbia plc, General Mills Inc., Bob’s Red Mill Natural Foods, Healthy 'N Fit International Inc., Kellogg NA Co., Encore, PepsiCo, PREMIER NUTRITION CORPORATION, Labrada.com, Vega (US), ICONIC Protein, United States Nutrition, Inc., Orgain, Inc., MET-Rx Substrate Technology, Inc. & WorldPantry.com, Inc., CytoSport, Inc. and OWYN, among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA), and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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