Global Meal Replacement Market Projects Significant Growth Through 2028, Driven by Evolving Consumer Preferences and Product Innovations - ResearchAndMarkets.com

DUBLIN--(BUSINESS WIRE)--The "Global Meal Replacement Market" report has been added to ResearchAndMarkets.com's offering.

The global meal replacement market was worth $12.5 billion in 2022 and is expected to reach $18.4 billion by 2028. The North American region accounted for the most significant global meal replacement market share. The Asia-Pacific market is projected to have the fastest growth rate of 7.7% during the forecast period.

The global meal replacement market is segmented into powder, ready-to-drink, meal replacement bars, and others. In 2022, the powder segment had the largest global meal replacement market share. The meal replacement bars segment is expected to grow with the fastest growth rate of 7.6% during the forecast period.

In terms of distribution channels, the global meal replacement market is segmented into online and offline. In 2022, the offline segment holds the most significant global meal replacement market share. The online component is projected to grow at the fastest growth rate of 7.5% during the forecast period.

The market for meal replacement is anticipated to expand over the forecast period due to factors such as the growing prevalence of diabetes, the growing rate of obesity, and increasing consumer knowledge of the benefits of preceding a healthy lifestyle. Modern consumers' hectic and fast-paced lifestyles often lead to time constraints, making traditional meal preparation challenging. Meal replacement products offer a convenient and time-saving solution for individuals on the go. The growth of e-commerce and online retailing has expanded the reach of meal replacement products, making them easily accessible to consumers worldwide.

The report provides 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 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.

The 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.

Key Attributes:

Report Attribute	Details
No. of Pages	169
Forecast Period	2023 - 2028
Estimated Market Value (USD) in 2023	$13.3 Billion
Forecasted Market Value (USD) by 2028	$18.4 Billion
Compound Annual Growth Rate	6.7%
Regions Covered	Global

Key Topics Covered:

Chapter 1 Introduction

Chapter 2 Summary and Highlights

Chapter 3 Industry Overview

• 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

Chapter 4 ESG Analysis

• ESG Pillars in Meal Replacement Industry
• Industry ESG Performance Analysis
• Case Study
• Future Trends
• Concluding Remarks

Chapter 5 Market Dynamics

• Porter's Five Forces Analysis
• 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

• Powder
• Ready to Drink
• Meal Replacement Bars

Chapter 7 Market Breakdown by Distribution Channel

• Online
• Offline
• Convenience Stores
• Hypermarkets/Supermarkets
• Specialty Stores

Chapter 8 Market Breakdown by Region

Chapter 9 Patent Review

Chapter 10 Competitive Landscape

Chapter 11 Company Profiles

• Abbott Laboratories
• Amway
• Atkins
• Garden of Life
• General Mills
• Glanbia
• Healthy N Fit International
• Herbalife International of America
• Huel
• Kellogg
• Nestle
• Nutrisystem
• Orgain
• Soylent
• Usana Health Sciences

For more information about this report visit https://www.researchandmarkets.com/r/jrmw7

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