Global Meal Replacement Market Overview And Prospects – Includes Meal Replacement Market Growth
Learn about the global meal replacement market through The Business Research Company, which provides information on meal replacement market size, meal replacement market drivers and restraints, meal replacement market players, the COVID-19 impact on the meal replacement market, and more.
The global meal replacement market size is expected to grow from $14.68 billion in 2021 to $16.02 billion in 2022 at a compound annual growth rate (CAGR) of 9.1%. The global meal substitute market size is expected to grow to $20.63 billion in 2026 at a CAGR of 6.5%.
The increasing prevalence of obesity and diabetes is expected to propel the growth of the meal replacement market going forward.
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The meal replacement market consists of sales of meal replacement products by entities (organizations, sole traders, and partnerships) that are used as a substitute for solid foods that contain the required quantities of calories and nutrients for the body. Meal replacement refers to a protein and nutrient-enriched product intended to replace a meal. These are available in powdered drink form or as ready-made drinks.
Global Meal Replacement Market Segments Include:
By Product: Powdered Products, Edible Bars, Ready-to-Drink, Others
By Application: Weight Gain, Weight Loss, Physical Fitness, Wound Healing, Others
By Distribution Channel: Offline, Hypermarkets and Supermarkets, Convenience Stores, Online, Others
By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, North America was the largest region in the meal replacement market in 2021.
Innovation in meal replacement products is a key trend gaining popularity in the meal replacement market. Companies in the meal replacement industry are forming various partnerships to develop new technologies and launch new products.
Major Market Players: Abbott Laboratories, Amway Corp., Atkins, Blue Diamond Growers, General Mills Inc., Glanbia plc, Herbalife Nutrition Ltd, Huel Ltd., Kellogg Company, Nestle SA, The Kraft Heinz Company, Unilever plc, Usana Health Sciences Inc., GlaxoSmithKline plc., SlimFast, Nu Skin Enterprises Inc., and Bob’s Red Mill Natural Foods.
Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Time Series: Five years historic (2016-21) and ten years forecast (2022-2026-2031)
The Meal Replacement Global Market Report 2022 – Market Size, Trends, And Global Forecast 2022-2026 is one of a series of new reports from The Business Research Company that provides meal replacement market overviews, analyzes and forecasts market size, share, meal replacement market players, meal replacement market segments and geographies, leading competitor revenues, profiles and market shares.
TBRC’s meal replacement market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
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