Meal Replacement Product Trends and Forecast
The future of the global meal replacement product market looks promising with opportunities in the online and offline markets. The global meal replacement product market is expected to grow with a CAGR of 6.3% from 2024 to 2030. The major drivers for this market are growing demand for tasty, high-quality, and healthy food products, rising consumer knowledge of ingredients and nutrition as a result of the clean label movement, along with the increasing awareness of the importance of nutrition and wellness.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Meal Replacement Product by Segment
The study includes a forecast for the global meal replacement product by product, distribution channel, and region.
Meal Replacement Product Market by Product [Shipment Analysis by Value from 2018 to 2030]:
• Powder
• Ready to Drink
• Protein Bar
Meal Replacement Product Market by Distribution Channel [Shipment Analysis by Value from 2018 to 2030]:
• Online
• Offline
Meal Replacement Product Market by Region [Shipment Analysis by Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Meal Replacement Product Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies meal replacement product companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the meal replacement product companies profiled in this report include-
• Kellogg
• Abbott Nutrition
• Herbalife
• Unilever
Meal Replacement Product Market Insights
Lucintel forecasts that powder will remain the largest segment over the forecast period due to quick lifestyle and convenient powder product storage.
Within this market, offline will remain the largest segment due to vast offline global manufacturer distribution network and meal replacement product sales.
North America will remain the largest region over the forecast period because majority of people who care about their health being present, as well as the rising rates of obesity, diabetes, cardiovascular disease, high blood pressure, and high cholesterol.
Features of the Global Meal Replacement Product Market
Market Size Estimates: Meal replacement product market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Meal replacement product market size by product, distribution channel, and region in terms of value ($B).
Regional Analysis: Meal replacement product market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different products, distribution channels, and regions for the meal replacement product market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the meal replacement product market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the growth forecast for meal replacement product market?
Answer: The global meal replacement product market is expected to grow with a CAGR of 6.3% from 2024 to 2030.
Q2. What are the major drivers influencing the growth of the meal replacement product market?
Answer: The major drivers for this market are growing demand for tasty, high-quality, and healthy food products, rising consumer knowledge of ingredients and nutrition as a result of the clean label movement, along with the increasing awareness of the importance of nutrition and wellness.
Q3. What are the major segments for meal replacement product market?
Answer: The future of the global meal replacement product market looks promising with opportunities in the online and offline markets.
Q4. Who are the key meal replacement product market companies?
Answer: Some of the key meal replacement product companies are as follows:
• Kellogg
• Abbott Nutrition
• Herbalife
• Unilever
Q5. Which meal replacement product market segment will be the largest in future?
Answer: Lucintel forecasts that powder will remain the largest segment over the forecast period due to quick lifestyle and convenient powder product storage.
Q6. In meal replacement product market, which region is expected to be the largest in next 5 years?
Answer: North America will remain the largest region over the forecast period because majority of people who care about their health being present, as well as the rising rates of obesity, diabetes, cardiovascular disease, high blood pressure, and high cholesterol.
Q7. Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the meal replacement product market by product (powder, ready to drink, and protein bar), distribution channel (online and offline), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
For any questions related to Meal Replacement Product Market, Meal Replacement Product Market Size, Meal Replacement Product Market Growth, Meal Replacement Product Market Analysis, Meal Replacement Product Market Report, Meal Replacement Product Market Share, Meal Replacement Product Market Trends, Meal Replacement Product Market Forecast, Meal Replacement Product Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.