Meal Replacement Market Overview: Market Size, Major Drivers And Trends
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The global meal replacement market is projected to rise from $16.16 billion (2022) to $17.51 billion (2023), with an 8.4% CAGR. By 2027, it’s forecasted to reach $23.32 billion, growing at a 7.4% CAGR.
The rising incidence of obesity and diabetes will drive meal replacement market growth.
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Major Market Players in the meal replacement market include Abbott Laboratories, Amway Corp., Atkins, Blue Diamond Growers, General Mills Inc., Glanbia plc, Herbalife Nutrition Ltd., Huel Ltd.
Innovative meal replacement products are a prominent trend in the market. Industry players are partnering to create new technologies and introduce new products.
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Global Meal Replacement Market Segments Include:
- By Product: Powdered Products, Edible Bars, Ready-to-Drink, Other Products
- By Application: Weight Gain, Weight Loss, Physical Fitness, Wound Healing, Other Applications
- By Distribution Channel: Offline, Hypermarkets and Supermarkets, Convenience Stores, Online, Other Distribution Channels
- 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 is the largest region in the global meal replacement market in 2021.
The Meal Replacement Global Market Report 2023 provides an overview of the meal replacement market for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The meal replacement market forecast analyzes meal replacement market size, meal replacement market share, leading competitor and their market positions.
Meal replacements serve as substitutes for solid foods, providing necessary calories and nutrients. They are protein and nutrient-enriched, offered in powdered or ready-made drink formats.
The Table Of Content For The Meal Replacement Market Include:
1. Meal Replacement Market Executive Summary
2. Meal Replacement Market Segments
3. Meal Replacement Market Size And Meal Replacement Market Growth Rate
4. Key Meal Replacement Market Trends
5. Major Meal Replacement Market Drivers
25. Key Mergers And Acquisitions In The Meal Replacement Market
26. Top Meal Replacement Companies
27. Meal Replacement Market Opportunities And Strategies
28. Meal Replacement Market, Conclusions And Recommendations
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