Product Code: FOD124A
Highlights:
The global meal replacements market should reach $18.4 billion by 2028 from $13.3 billion in 2023 at a compound annual growth rate (CAGR) of 6.7% for the forecast period of 2023 to 2028. And in 2022 (base year), the market was $12.5 billion.
North American meal replacements market is expected to grow from $5.6 billion in 2023 to $7.6 billion in 2028 at a CAGR of 6.3% for the forecast period of 2023 to 2028.
Asia-Pacific meal replacements market is expected to grow from $3.9 billion in 2023 to $5.7 billion in 2028 at a CAGR of 7.7% for the forecast period of 2023 to 2028.
Report Scope:
The report provided an updated review of the global meal replacement market, focusing on its product type and distribution channel. Definitive and detailed estimates and forecasts of the worldwide meal replacement market are provided, followed by a detailed analysis of regions, countries, and manufacturers.
The global meal replacement market by product type is segmented into powder, ready-to-drink, meal replacement bar, and others. The market is segmented by distribution channel, including online and offline.
The market size and estimations are provided in terms of value (U.S. $ millions), considering 2022 as a base year, and the market forecast is provided from 2023 to 2028. Regional-level market sizes based on product type and distribution channels are provided.
The report also discusses the major players across each regional meal replacement market. Further, it explains the global meal replacement market's primary drivers, regional dynamics, and current trends across the industry. The report concludes with a detailed focus on the vendor landscape and includes complete profiles of the major players in the market.
Report Includes:
- 93 data tables and 35 additional tables
- An overview of the current and future global markets for meal replacement
- Analyses of the global market trends, with historical market revenue data (sales figures) for 2022, estimates for 2023, and projections of compound annual growth rates (CAGRs) through 2028
- Estimation of the actual market size and revenue forecast for global meal replacement market, and corresponding market share analysis based on product, distribution/sales channel, and region
- In-depth information (facts and figures) concerning market growth drivers, opportunities and challenges, current trends, products, regulations, and new industries related to meal replacement
- Holistic review of the impact of Covid-19 and the Russia-Ukraine war on meal replacement market
- A look at the manufacturers and other market participants involved in the meal replacement market, and analyze the structure of this industry (e.g., market shares, concentration and recent merger and acquisition (M&A) activity)
- Understanding of the importance of ESG in meal replacement market, consumer attitudes towards sustainability, risks and opportunity assessment, and ESG practices followed by different types of companies, manufacturers and other industry participants
- Analysis of the company competitive landscape of major stakeholder companies based on their recent developments, key financials and segmental revenues, and operational integration
- Profile descriptions of the leading market players in the market of the industry, including Abbott Laboratories, General Mills Inc., Herbalife Nutrition Ltd., Kellogg Co. and Nestle S.A.
Table of Contents
Chapter 1 Introduction
- Study Goals and Objectives
- Reasons for Doing This Study
- Scope of Report
- Methodology
- Information Sources
- Geographic Breakdown
Chapter 2 Summary and Highlights
Chapter 3 Industry Overview
- Introduction
- Supply Chain Analysis
- Ingredient Sourcing/Raw Material Procurement
- Product Manufacturing
- Distribution
- Consumers
- Regulatory Landscape
- Labeling for Nutrient Content Declaration: Meal Replacements
- SWOT Analysis of Meal Replacement
- Strengths
- Weakness
- Opportunities
- Threats
Chapter 4 ESG Analysis
- Importance of ESG
- ESG Pillars in Meal Replacement Industry
- Industry ESG Performance Analysis
- Case Study
- Future Trends
- Concluding Remarks from BCC
Chapter 5 Market Dynamics
- Porter's Five Forces Analysis
- Threat of New Entrants: Low
- Bargaining Power of Buyers: Moderate
- Bargaining Power of Suppliers: Moderate
- Threat of Substitutes: High
- Competitive Rivalry: High
- Market Growth Drivers
- Increasing Health Awareness Drives the Demand for Meal Replacement
- Rising Demand for Small-Portion Food and Snacking
- Growing Demand for Plant-Based Meal Replacement
- Growing Prevalence of Obesity and Diabetes
- Market Restrains
- Growing Regulations for Meal Replacement
- Misconception About Meal Replacement Products
- Higher Cost of Meal Replacement Products
- Market Opportunities
Chapter 6 Market Breakdown by Product Type
- Introduction
- Powder
- Ready to Drink
- Meal Replacement Bars
- Others
Chapter 7 Market Breakdown by Distribution Channel
- Introduction
- Online
- Offline
- Convenience Stores
- Hypermarkets/Supermarkets
- Specialty Stores
- Others
Chapter 8 Market Breakdown by Region
- Global Market for Meal Replacements
- North American Market for Meal Replacements by Country
- United States
- Canada
- European Market for Meal Replacements by Country
- Germany
- United Kingdom
- France
- Italy
- Rest of Europe
- Asia-Pacific Market for Meal Replacements by Country
- China
- Japan
- India
- Rest of Asia-Pacific
- Latin American Market for Meal Replacements by Country
- Brazil
- Mexico
- Rest of Latin America
- Middle East and African Market for Meal Replacements by Country
- South Africa
- United Arab Emirates
- Rest of the Middle East and Africa
Chapter 9 Patent Review
Chapter 10 Competitive Landscape
- Market Share Analysis
- Strategic Developments
Chapter 11 Company Profiles
- ABBOTT LABORATORIES
- AMWAY CORP.
- ATKINS
- GARDEN OF LIFE
- GENERAL MILLS INC.
- GLANBIA PLC
- HEALTHY N FIT INTERNATIONAL INC.
- HERBALIFE INTERNATIONAL OF AMERICA INC.
- HUEL INC.
- KELLOGG CO.
- NESTLE S.A.
- NUTRISYSTEM INC.
- ORGAIN INC.
- SOYLENT
- USANA HEALTH SCIENCES
Chapter 12 Appendix: Acronyms