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Press Release:

Global Meal Replacement Products Market to Reach US$ 19.0 Billion by 2027, Bolstered by Introduction of Plant-Based and Organic Variants

COVID-19
The pandemic continues to cause unprecedented disruption across industries worldwide.
Get detailed insights regarding the impact of COVID-19 on the market.

Meal Replacement Products Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

Market Overview:

The global meal replacement products market reached a value of US$ 12.2 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 19.0 Billion by 2027, exhibiting a CAGR of 7.5% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic. These insights are included in the report as a major market contributor.

A meal replacement product is a pre-packaged and calorie-controlled food product that acts as a substitute for a whole food meal. Ready-to-eat foods, shakes, bars and powders are the common types of meal replacement products available in the market. They are rich in essential nutrients, fats, proteins, fibers, vitamins, minerals and complex carbohydrates that aid in replacing unhealthy or high-calorie meals and suppressing subsequent food cravings. These products are also available in a wide variety of flavours, such as vanilla, strawberry, chocolate, blueberry and orange. Owing to this, meal replacement products are considered to be a convenient alternative for a healthy and low-calorie meal that can be consumed at any time.

 

 
 

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An alarming increase in the prevalence of obesity and diabetes, along with rising health consciousness among consumers, is one of the key factors driving the growth of the market. Furthermore, growing consumer awareness regarding weight management is also catalyzing the demand for various meal replacement products. Owing to the hectic lifestyles and busy schedules, consumers are increasingly opting for weight management and diet programs that include easy-to-prepare nutritional products. This has provided a significant boost to the demand for meal replacement products across the globe. Additionally, various product innovations, such as the introduction of plant-based and organic meal replacement shakes that are free of gluten, artificial colors, sweeteners and preservatives, are acting as another growth-inducing factor. Rising disposable incomes, rapid urbanization, aggressive promotional activities by manufacturers and the development of online retail channels are also projected to drive the market further.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global meal replacement products market, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on product type, distribution channel and application.

Breakup by Product Type:

 

 
 

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  • Ready-to-Drink Products
  • Edible Bars
  • Powdered Products
  • Others
     

Breakup by Distribution Channel:

  • Hypermarkets and Supermarkets
  • Convenience Stores
  • Specialty Stores
  • Online Stores
  • Others
     

Breakup by Application:

  • Weight Gain
  • Weight Loss
  • Physical Fitness
  • Wound Healing
  • Others
     

Breakup by Region:

 

 
 

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  • North America
    • United States
    • Canada
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Indonesia
    • Others
  • Europe
    • Germany
    • France
    • United Kingdom
    • Italy
    • Spain
    • Russia
    • Others
  • Latin America
    • Brazil
    • Mexico
    • Others
  • Middle East and Africa

 

Competitive Landscape:

The competitive landscape of the industry has also been examined with some of the key players being Abbott Laboratories, Blue Diamond Global Ingredients Division, Bob's Red Mill Natural Foods, General Mills, Glanbia Plc, Healthy 'N Fit International Inc., Herbalife International of America Inc., Kellogg Company, Nestle SA, Nutrisystem Inc., Unilever Plc, Ksf Acquisition Corporation, etc.

Report Coverage:

Report Features Details
Base Year of the Analysis 2021
    Historical Period 2016-2021
Forecast Period 2022-2027
Units US$ Billion
Segment Coverage Type, Disease, Application, End User, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered Abbott Laboratories, Blue Diamond Global Ingredients Division, Bob's Red Mill Natural Foods, General Mills, Glanbia Plc, Healthy 'N Fit International Inc., Herbalife International of America Inc., Kellogg Company, Nestle SA, Nutrisystem Inc., Unilever Plc and Ksf Acquisition Corporation
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 2499
Five User License: US$ 3499
Corporate License: US$ 4499
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)


Key Questions Answered in This Report:

  • How has the global meal replacement products market performed so far and how will it perform in the coming years?
  • What are the key regional markets?
  • What is the breakup of the market based on the product type?
  • What has been the impact of COVID-19 on the global meal replacement products market?
  • What is the breakup of the market based on the distribution channel?
  • What is the breakup of the market based on the application?
  • What are the various stages in the value chain of the industry?
  • What are the key driving factors and challenges in the industry?
  • What is the structure of the global meal replacement products market and who are the key players?
  • What is the degree of competition in the industry?

1   Preface
2   Scope and Methodology 
    2.1    Objectives of the Study
    2.2    Stakeholders
    2.3    Data Sources
        2.3.1    Primary Sources
        2.3.2    Secondary Sources
    2.4    Market Estimation
        2.4.1    Bottom-Up Approach
        2.4.2    Top-Down Approach
    2.5    Forecasting Methodology
3   Executive Summary
4   Introduction
    4.1    Overview
    4.2    Key Industry Trends
5   Global Meal Replacement Products Market
    5.1    Market Overview
    5.2    Market Performance
    5.3    Impact of COVID-19
    5.4    Market Forecast
6   Market Breakup by Product Type
    6.1    Ready-to-Drink Products
        6.1.1 Market Trends
        6.1.2 Market Forecast
    6.2    Edible Bars
        6.2.1 Market Trends
        6.2.2 Market Forecast
    6.3    Powdered Products
        6.3.1 Market Trends
        6.3.2 Market Forecast
    6.4    Others
        6.4.1 Market Trends
        6.4.2 Market Forecast
7   Market Breakup by Distribution Channel
    7.1    Hypermarkets and Supermarkets
        7.1.1 Market Trends
        7.1.2 Market Forecast
    7.2    Convenience Stores
        7.2.1 Market Trends
        7.2.2 Market Forecast
    7.3    Specialty Stores
        7.3.1 Market Trends
        7.3.2 Market Forecast
    7.4    Online Stores
        7.4.1 Market Trends
        7.4.2 Market Forecast
    7.5   Others
        7.5.1 Market Trends
        7.5.2 Market Forecast
8   Market Breakup by Application
    8.1    Weight Gain
        8.1.1 Market Trends
        8.1.2 Market Forecast
    8.2    Weight Loss
        8.2.1 Market Trends
        8.2.2 Market Forecast
    8.3    Physical Fitness
        8.3.1 Market Trends
        8.3.2 Market Forecast
    8.4    Wound Healing
        8.4.1 Market Trends
        8.4.2 Market Forecast
    8.5    Others
        8.5.1 Market Trends
        8.5.2 Market Forecast
9   Market Breakup by Region
    9.1    North America
        9.1.1 United States
           9.1.1.1 Market Trends
           9.1.1.2 Market Forecast
        9.1.2 Canada
           9.1.2.1 Market Trends
           9.1.2.2 Market Forecast
    9.2    Asia Pacific
        9.2.1 China
           9.2.1.1 Market Trends
           9.2.1.2 Market Forecast
        9.2.2 Japan
           9.2.2.1 Market Trends
           9.2.2.2 Market Forecast
        9.2.3 India
           9.2.3.1 Market Trends
           9.2.3.2 Market Forecast
        9.2.4 South Korea
           9.2.4.1 Market Trends
           9.2.4.2 Market Forecast
        9.2.5 Australia
           9.2.5.1 Market Trends
           9.2.5.2 Market Forecast
        9.2.6 Indonesia
           9.2.6.1 Market Trends
           9.2.6.2 Market Forecast
        9.2.7 Others
           9.2.7.1 Market Trends
           9.2.7.2 Market Forecast
    9.3    Europe
        9.3.1 Germany
           9.3.1.1 Market Trends
           9.3.1.2 Market Forecast
        9.3.2 France
           9.3.2.1 Market Trends
           9.3.2.2 Market Forecast
        9.3.3 United Kingdom
           9.3.3.1 Market Trends
           9.3.3.2 Market Forecast
        9.3.4 Italy
           9.3.4.1 Market Trends
           9.3.4.2 Market Forecast
        9.3.5 Spain
           9.3.5.1 Market Trends
           9.3.5.2 Market Forecast
        9.3.6 Russia
           9.3.6.1 Market Trends
           9.3.6.2 Market Forecast
        9.3.7 Others
           9.3.7.1 Market Trends
           9.3.7.2 Market Forecast
    9.4    Latin America
        9.4.1 Brazil
           9.4.1.1 Market Trends
           9.4.1.2 Market Forecast
        9.4.2 Mexico
           9.4.2.1 Market Trends
           9.4.2.2 Market Forecast
        9.4.3 Others
           9.4.3.1 Market Trends
           9.4.3.2 Market Forecast
    9.5    Middle East and Africa
        9.5.1 Market Trends
        9.5.2 Market Breakup by Country
        9.5.3 Market Forecast
10  SWOT Analysis
    10.1    Overview
    10.2    Strengths
    10.3    Weaknesses
    10.4    Opportunities
    10.5    Threats
11  Value Chain Analysis
12  Porters Five Forces Analysis
    12.1    Overview
    12.2    Bargaining Power of Buyers
    12.3    Bargaining Power of Suppliers
    12.4    Degree of Competition
    12.5    Threat of New Entrants
    12.6    Threat of Substitutes
13  Price Indicators
14  Competitive Landscape
    14.1    Market Structure
    14.2    Key Players
    14.3    Profiles of Key Players
        14.3.1    Abbott Laboratories
           14.3.1.1 Company Overview
           14.3.1.2 Product Portfolio 
           14.3.1.3 Financials
           14.3.1.4 SWOT Analysis
        14.3.2    Blue Diamond Global Ingredients Division
           14.3.2.1 Company Overview
           14.3.2.2 Product Portfolio 
        14.3.3    Bob's Red Mill Natural Foods
           14.3.3.1 Company Overview
           14.3.3.2 Product Portfolio 
        14.3.4    General Mills
           14.3.4.1 Company Overview
           14.3.4.2 Product Portfolio 
           14.3.4.3 Financials
           14.3.4.4 SWOT Analysis
        14.3.5    Glanbia Plc
           14.3.5.1 Company Overview
           14.3.5.2 Product Portfolio 
        14.3.6    Healthy 'N Fit International Inc.
           14.3.6.1 Company Overview
           14.3.6.2 Product Portfolio 
        14.3.7    Herbalife International of America Inc.
           14.3.7.1 Company Overview
           14.3.7.2 Product Portfolio 
           14.3.7.3 Financials
           14.3.7.4 SWOT Analysis
        14.3.8    Kellogg Company
           14.3.8.1 Company Overview
           14.3.8.2 Product Portfolio 
        14.3.9    Nestlé S.A.
           14.3.9.1 Company Overview
           14.3.9.2 Product Portfolio 
        14.3.10    Nutrisystem Inc.
           14.3.10.1 Company Overview
           14.3.10.2 Product Portfolio 
           14.3.10.3 SWOT Analysis
        14.3.11    Unilever Plc
           14.3.11.1 Company Overview
           14.3.11.2 Product Portfolio 
        14.3.12    Ksf Acquisition Corporation
           14.3.12.1 Company Overview
           14.3.12.2 Product Portfolio 

List of Figures

Figure 1: Global: Meal Replacement Products Market: Major Drivers and Challenges
Figure 2: Global: Meal Replacement Products Market: Sales Value (in Billion US$), 2016-2021
Figure 3: Global: Meal Replacement Products Market: Breakup by Product Type (in %), 2021
Figure 4: Global: Meal Replacement Products Market: Breakup by Distribution Channel (in %), 2021
Figure 5: Global: Meal Replacement Products Market: Breakup by Application (in %), 2021
Figure 6: Global: Meal Replacement Products Market: Breakup by Region (in %), 2021
Figure 7: Global: Meal Replacement Products Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 8: Global: Meal Replacement Products (Ready-to-Drink Products) Market: Sales Value (in Million US$), 2016 & 2021
Figure 9: Global: Meal Replacement Products (Ready-to-Drink Products) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 10: Global: Meal Replacement Products (Edible Bars) Market: Sales Value (in Million US$), 2016 & 2021
Figure 11: Global: Meal Replacement Products (Edible Bars) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 12: Global: Meal Replacement Products (Powdered Products) Market: Sales Value (in Million US$), 2016 & 2021
Figure 13: Global: Meal Replacement Products (Powdered Products) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 14: Global: Meal Replacement Products (Other Product Types) Market: Sales Value (in Million US$), 2016 & 2021
Figure 15: Global: Meal Replacement Products (Other Product Types) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 16: Global: Meal Replacement Products Market: Sales through Hypermarkets and Supermarkets (in Million US$), 2016 & 2021
Figure 17: Global: Meal Replacement Products Market Forecast: Sales through Hypermarkets and Supermarkets (in Million US$), 2022-2027
Figure 18: Global: Meal Replacement Products Market: Sales through Convenience Stores (in Million US$), 2016 & 2021
Figure 19: Global: Meal Replacement Products Market Forecast: Sales through Convenience Stores (in Million US$), 2022-2027
Figure 20: Global: Meal Replacement Products Market: Sales through Specialty Stores (in Million US$), 2016 & 2021
Figure 21: Global: Meal Replacement Products Market Forecast: Sales through Specialty Stores (in Million US$), 2022-2027
Figure 22: Global: Meal Replacement Products Market: Sales Through Online Stores (in Million US$), 2016 & 2021
Figure 23: Global: Meal Replacement Products Market Forecast: Sales Through Online Stores (in Million US$), 2022-2027
Figure 24: Global: Meal Replacement Products Market: Sales through Other Distribution Channels (in Million US$), 2016 & 2021
Figure 25: Global: Meal Replacement Products Market Forecast: Sales through Other Distribution Channels (in Million US$), 2022-2027
Figure 26: Global: Meal Replacement Products (Weight Gain) Market: Sales Value (in Million US$), 2016 & 2021
Figure 27: Global: Meal Replacement Products (Weight Gain) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 28: Global: Meal Replacement Products (Weight Loss) Market: Sales Value (in Million US$), 2016 & 2021
Figure 29: Global: Meal Replacement Products (Weight Loss) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 30: Global: Meal Replacement Products (Physical Fitness) Market: Sales Value (in Million US$), 2016 & 2021
Figure 31: Global: Meal Replacement Products (Physical Fitness) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 32: Global: Meal Replacement Products (Wound Healing) Market: Sales Value (in Million US$), 2016 & 2021
Figure 33: Global: Meal Replacement Products (Wound Healing) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 34: Global: Meal Replacement Products (Other Applications) Market: Sales Value (in Million US$), 2016 & 2021
Figure 35: Global: Meal Replacement Products (Other Applications) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 36: North America: Meal Replacement Products Market: Sales Value (in Million US$), 2016 & 2021
Figure 37: North America: Meal Replacement Products Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 38: United States: Meal Replacement Products Market: Sales Value (in Million US$), 2016 & 2021
Figure 39: United States: Meal Replacement Products Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 40: Canada: Meal Replacement Products Market: Sales Value (in Million US$), 2016 & 2021
Figure 41: Canada: Meal Replacement Products Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 42: Asia Pacific: Meal Replacement Products Market: Sales Value (in Million US$), 2016 & 2021
Figure 43: Asia Pacific: Meal Replacement Products Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 44: China: Meal Replacement Products Market: Sales Value (in Million US$), 2016 & 2021
Figure 45: China: Meal Replacement Products Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 46: Japan: Meal Replacement Products Market: Sales Value (in Million US$), 2016 & 2021
Figure 47: Japan: Meal Replacement Products Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 48: India: Meal Replacement Products Market: Sales Value (in Million US$), 2016 & 2021
Figure 49: India: Meal Replacement Products Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 50: South Korea: Meal Replacement Products Market: Sales Value (in Million US$), 2016 & 2021
Figure 51: South Korea: Meal Replacement Products Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 52: Australia: Meal Replacement Products Market: Sales Value (in Million US$), 2016 & 2021
Figure 53: Australia: Meal Replacement Products Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 54: Indonesia: Meal Replacement Products Market: Sales Value (in Million US$), 2016 & 2021
Figure 55: Indonesia: Meal Replacement Products Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 56: Others: Meal Replacement Products Market: Sales Value (in Million US$), 2016 & 2021
Figure 57: Others: Meal Replacement Products Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 58: Europe: Meal Replacement Products Market: Sales Value (in Million US$), 2016 & 2021
Figure 59: Europe: Meal Replacement Products Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 60: Germany: Meal Replacement Products Market: Sales Value (in Million US$), 2016 & 2021
Figure 61: Germany: Meal Replacement Products Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 62: France: Meal Replacement Products Market: Sales Value (in Million US$), 2016 & 2021
Figure 63: France: Meal Replacement Products Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 64: United Kingdom: Meal Replacement Products Market: Sales Value (in Million US$), 2016 & 2021
Figure 65: United Kingdom: Meal Replacement Products Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 66: Italy: Meal Replacement Products Market: Sales Value (in Million US$), 2016 & 2021
Figure 67: Italy: Meal Replacement Products Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 68: Spain: Meal Replacement Products Market: Sales Value (in Million US$), 2016 & 2021
Figure 69: Spain: Meal Replacement Products Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 70: Russia: Meal Replacement Products Market: Sales Value (in Million US$), 2016 & 2021
Figure 71: Russia: Meal Replacement Products Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 72: Others: Meal Replacement Products Market: Sales Value (in Million US$), 2016 & 2021
Figure 73: Others: Meal Replacement Products Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 74: Latin America: Meal Replacement Products Market: Sales Value (in Million US$), 2016 & 2021
Figure 75: Latin America: Meal Replacement Products Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 76: Brazil: Meal Replacement Products Market: Sales Value (in Million US$), 2016 & 2021
Figure 77: Brazil: Meal Replacement Products Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 78: Mexico: Meal Replacement Products Market: Sales Value (in Million US$), 2016 & 2021
Figure 79: Mexico: Meal Replacement Products Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 80: Others: Meal Replacement Products Market: Sales Value (in Million US$), 2016 & 2021
Figure 81: Others: Meal Replacement Products Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 82: Middle East and Africa: Meal Replacement Products Market: Sales Value (in Million US$), 2016 & 2021
Figure 83: Middle East and Africa: Meal Replacement Products Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 84: Global: Meal Replacement Products Industry: SWOT Analysis
Figure 85: Global: Meal Replacement Products Industry: Value Chain Analysis
Figure 86: Global: Meal Replacement Products Industry: Porter’s Five Forces Analysis

List of Tables

Table 1: Global: Meal Replacement Products Market: Key Industry Highlights, 2021 and 2027
Table 2: Global: Meal Replacement Products Market Forecast: Breakup by Product Type (in Million US$), 2022-2027
Table 3: Global: Meal Replacement Products Market Forecast: Breakup by Distribution Channel (in Million US$), 2022-2027
Table 4: Global: Meal Replacement Products Market Forecast: Breakup by Application (in Million US$), 2022-2027
Table 5: Global: Meal Replacement Products Market Forecast: Breakup by Region (in Million US$), 2022-2027
Table 6: Global: Meal Replacement Products Market: Competitive Structure
Table 7: Global: Meal Replacement Products Market: Key Players


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