Global Meal Replacement Market – Size, Outlook, Trends and Forecast (2024 – 2032)

Meal replacements are foods preferred as an alternative to as part of your meals. These are quick and easy ways of intaking food to get the nutrition. As per the American Diabetes Association usage of meal replacements once or twice a day to replace a typical meal which reduces the weight.

Global Meal Replacement Market Segments Size & Growth:

Global Meal Replacement Market is estimated to increase by an $XX billion by 2024 at a CAGR of XX%. Rapid urbanisation, growing healthy food consumption habits, growing population of overweight and high growth in diabetes population is the primary driver boosting the market growth. Consumers are becoming aware of the different problems regarding diabetes, obesity like disorders, respiratory disorders, depression and some others. The rapid growth of e-commerce sector expected to increase the market growth during the forecasting period. Websites, stalls, retails are growing day by day which in turn increases the market growth. Increasing consumer demand for natural- to prepare and nutrition products are some of the drivers leading to market growth. Cost issues regarding the products are one of the factors hampering the market growth.

Global Meal Replacement Market Segments Share:

Based on product, global meal replacement market is further divided into bars, beverages, powdered products and some others. Powdered product accounted for the most significant share in 2016 and estimated to grow at the same pace during the forecasting period. As these powdered products are is one among the sports nutrition from the past few years the athletes and fitness enthusiasts traditionally consumed them.  As per the research many people are interested in buying the powdered products as these consists of nutrition powders. Meal replacement is the trend in many regions as consumers are interested too but ready-to-cook products.

Application segment includes convalescence, physical fitness, weight gain, weight loss, wound healing and others. To lose weight intake of calories are one among the ways that burn calories. Weight loss lies in creating the caloric deficit and making sure that body uses the stored fat. Meal replacement shakes are helpful as they control calorie intake.

Based on distribution channel, global meal replacement market is segmented into store-based retailing and non-store retailing. Store-based retailing is further divided into on-premise and off-premise. On-premise is further divided into a hypermarket, grocery retailers, small grocery, discounter, local Pharmacy and some others. Along with this off-premise is further divided into clubs, health and beauty centres and restaurants.

Based on geography, global meal replacement market is segmented into North America, South America, Europe, Asia Pacific and the Middle East and Africa. North America attributed the share of about 58% of overall market share and estimated to continue throughout the forecasting period. Increasing ageing population and raising awareness of the healthcare practices are attributed to the market growth. The Asia Pacific is expected to be the fastest growing segment during the forecasting period. Increasing market share of emerging economies like India, China, Thailand, etc. from this region coupled with a growing health and wellness consciousness among the population are propelling the market growth. Meal replacement market is estimated to grow at a rapid pace over 2018-2024 followed by the Middle East and Africa.

Global Meal Replacement Market Trends:

• Chocolate energy banana shake by Atkins which is the excellent source of the vitamin B3, B5, B6 & B12 to give instant energy.
• Freestyle was launched by the Abbott labs which are used for the monitoring of glucose levels and reduce diabetes.

Global Meal Replacement Market Research Report:

An executive summary condensing the whole report such that essential authority can rapidly twist up doubtlessly acquainted with brief overview and conclusion.

To have complete market analysis, industry value chain analysis, Porter’s Five Force Analysis, PESTLE, SWOT analysis, and Y-o-Y analysis were carried to understand the market more comprehensively.

Regional and global diversity is analysed with the major countries and the unions. Scrutinizing the revenue generation on Year-On-Year

Identifying DROC in the current market and their impact in altering the market dynamics.

Competitive landscape analysis to identify the mergers and acquisitions which will have a comparative financial study with significant competitors.

Expertise investment opportunities by an analyst to the individual and organisation to have a better foothold in the market.

• Atkins nutritionals Inc. Denver co
• Atlantic Essential Products, Inc.
• Amway Corporation
• Abbott Labs
• Campbell Food Service Company
• Frito-Lay Co.
• Chiquita Brands Inc.,
• Conagra Foods Inc.
• Bactolac Pharmaceuticals, Inc
• General Mills Inc.

Along with these companies, there were many other companies considered/cited in the report while analysing the Global Meal Replacement market. These companies hold substantial share-owning to the nature of the industry whereas rest of the market shares are marginal chunks to regional and local level manufacturers. Other players have considerable presence owing to its robust brand image, geographical reach and strong customer base.