Global Meal replacement
Market Report
2025
The global meal replacement market size is USD 13.7 billion in 2024. The meal replacement market will show strongest growth with CAGR of 5.3% from 2024 to 2031. The rising desire for prepackaged, portion-controlled foods that are readily accessible in a range of formats, including shakes, powders, beverages, protein bars, soups, and frozen or shelf-stable meals, is what is propelling the expansion of the meal replacement business.
The base year for the calculation is 2023 and 2019 to 2023 will be historical period. The year 2024 will be estimated one while the forecasted data will be from year 2025 to 2031. When we deliver the report that time we updated report data till the purchase date.
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According to Cognitive Market Research, the global meal replacement market size will be USD 13.7 billion in 2024 and will expand at compound annual growth rate of 5.3% from 2024 to 2031.
Base Year | 2023 |
Historical Data Time Period | 2019-2023 |
Forecast Period | 2024-2031 |
Global Meal replacement Market Sales Revenue 2024 | $ 13.7 Billion |
Global Meal replacement Market Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 5.3% |
Market Split by Product |
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Market Split by Distribution Channel |
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List of Competitors |
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Regional Analysis |
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Country Analysis |
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Meal replacement Market is Segmented as below. Particular segment of your interest can be provided without any additional cost. Download the Sample Pages!
Rich in vitamins, minerals, protein, and fiber, meal replacement drinks appeal to busy, health-conscious consumers. Because they are prepared quickly and come in pouches or bottles that are convenient to store, these meal replacement products are also easy to use and store. These meal replacements also give the body a balanced intake of calories, so they can easily take the place of all those high-calorie and fast foods that contribute to obesity and other health problems. The demand for on-the-go nutrition and time-efficient, healthier dietary options are being met by these drinks, which provide a convenient and balanced substitute for traditional meals, fueling the growth of the meal replacement drink market.
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In May 2022, Abbott Nutrition and the US FDA signed a consent decree regarding the company's infant formula plant in Sturgis, Michigan. The FDA and Abbott Nutrition consent to further elaborate on the necessary actions for preserving the facility and starting up production in the plant in accordance with the decree.
Top Companies Market Share in Meal replacement Industry: (In no particular order of Rank)
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Throughout the forecast period, Asia Pacific is anticipated to dominate the industry. The industry is expanding due to a number of factors, including a growing population, hectic lifestyles, increased health consciousness, high rates of obesity, and a growing trend in weight management. The demand for the industry is also expected to rise due to the younger population's increased consumption of convenience foods and the effects of Western dietary consumption patterns.
In the global industry, North America is predicted to grow at the fastest rate. With the introduction of low-calorie, healthy protein bars, shakes, and powders by regional industry players, meal replacement products are becoming more and more popular among consumers as a healthy options. Furthermore, the demand for meal replacement products is expected to rise due to the rising prevalence of health-related conditions among people in the region, including diabetes, high cholesterol, high blood pressure, obesity, and cardiovascular diseases.
The current report Scope analyzes Meal replacement Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com
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Global Meal replacement Market Report 2024 Edition talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing Meal replacement Industry growth. Meal replacement market has been segmented with the help of its Product, Distribution Channel , and others. Meal replacement market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.
The market for meal replacements is dominated by the powder category, which is growing in popularity among fitness enthusiasts worldwide. The market is expanding because powder meal replacement is convenient and simple to use. It is also anticipated that gyms will be encouraged to promote the use of powdered meal replacement products due to the growing need for people to maintain a healthy diet in their daily lives. Aside from that, in the next ten years, ready-to-drink beverages - including energy drinks are anticipated to grow steadily.
The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Meal replacement Industry. Request a Free Sample PDF!
This report forecasts revenue growth at the global, regional, and country levels and provides an analysis of the latest industry trends and opportunities for each application of Meal replacement from 2019 to 2031. This will also help to analyze the demand for Meal replacement across different end-use industries. Our research team will also help acquire additional data such as Value Chain, Patent analysis, Company Evaluation Quadrant (Matrix), and much more confidential analysis and data insights.
Some of the key Distribution Channel of Meal replacement are:
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Senior Research Associate at Cognitive Market Research
Manjiri Kanhere is an experienced market researcher focused on the Pharma & Healthcare industry. With over 3+ years of experience, She has worked with major pharmaceutical companies and healthcare providers, helping them to understand market trends, identify new business opportunities, and develop effective sales & marketing strategies. Her expertise lies in the ability to analyze complex data sets and deliver insights that drive business decisions. At Cognitive Market Research, she handles the market research related to Pharma and healthcare industry.
Manjiri Kanhere is an experienced market researcher focused on the Pharma & Healthcare industry. With over three years of experience, She has worked with major pharmaceutical companies and healthcare providers, helping them to understand market trends, identify new business opportunities, and develop effective sales & marketing strategies.
In her current role, Manjiri handles the market research related to Pharma and healthcare industry. Her passion lies in utilizing innovative approaches to distill complex information into strategic insights that empower organizations to make informed decisions.Manjiri remains an invaluable asset in the dynamic landscape of market research.
Our study will explain complete manufacturing process along with major raw materials required to manufacture end-product. This report helps to make effective decisions determining product position and will assist you to understand opportunities and threats around the globe.
The Global Meal replacement Market is witnessing significant growth in the near future.
In 2023, the Powder segment accounted for noticeable share of global Meal replacement Market and is projected to experience significant growth in the near future.
The Offline segment is expected to expand at the significant CAGR retaining position throughout the forecast period.
Some of the key companies Abbott Laboratories (US) , Herbalife Nutrition (US) and others are focusing on its strategy building model to strengthen its product portfolio and expand its business in the global market.
Please note, we have not disclose, all the sources consulted/referred during a market study due to confidentiality and paid service concern. However, rest assured that upon purchasing the service or paid report version, we will release the comprehensive list of sources along with the complete report and we also provide the data support where you can intract with the team of analysts who worked on the report.
Disclaimer:
Product | Powder, Ready-to-drink, Bars, Other Product Types (Cookies, Soups, And Smoothies) |
Distribution Channel | Offline, Hypermarkets & supermarkets, Convenience stores, Specialty stores, Other Offline Distribution Channels (Department Stores, Local Shops, Discount Stores, Among Others), Online |
List of Competitors | Abbott Laboratories (US), Glanbia (Ireland) Amway (US), Herbalife Nutrition (US), Nestle (Switzerland), Atkins (US), Huel (UK), Kellogg Co. (US), Skin Enterprises Inc. (US), USANA Health Sciences Inc. (US) |
This chapter will help you gain GLOBAL Market Analysis of Meal replacement. Further deep in this chapter, you will be able to review Global Meal replacement Market Split by various segments and Geographical Split.
Chapter 1 Global Market Analysis
Global Market has been segmented on the basis 5 major regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
You can purchase only the Executive Summary of Global Market (2019 vs 2024 vs 2031)
Global Market Dynamics, Trends, Drivers, Restraints, Opportunities, Only Pointers will be deliverable
This chapter will help you gain North America Market Analysis of Meal replacement. Further deep in this chapter, you will be able to review North America Meal replacement Market Split by various segments and Country Split.
Chapter 2 North America Market Analysis
This chapter will help you gain Europe Market Analysis of Meal replacement. Further deep in this chapter, you will be able to review Europe Meal replacement Market Split by various segments and Country Split.
Chapter 3 Europe Market Analysis
This chapter will help you gain Asia Pacific Market Analysis of Meal replacement. Further deep in this chapter, you will be able to review Asia Pacific Meal replacement Market Split by various segments and Country Split.
Chapter 4 Asia Pacific Market Analysis
This chapter will help you gain South America Market Analysis of Meal replacement. Further deep in this chapter, you will be able to review South America Meal replacement Market Split by various segments and Country Split.
Chapter 5 South America Market Analysis
This chapter will help you gain Middle East and Africa Market Analysis of Meal replacement. Further deep in this chapter, you will be able to review Middle East and Africa Meal replacement Market Split by various segments and Country Split.
Chapter 6 Middle East and Africa Market Analysis
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Chapter 7 Top 10 Countries Analysis (Only Available with Corporate User License)
This chapter provides an in-depth analysis of the market share among key competitors of Meal replacement. The analysis highlights each competitor's position in the market, growth trends, and financial performance, offering insights into competitive dynamics, and emerging players.
Chapter 8 Competitor Analysis (Subject to Data Availability (Private Players))
(Subject to Data Availability (Private Players))
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
This chapter would comprehensively cover market drivers, trends, restraints, opportunities, and various in-depth analyses like industrial chain, PESTEL, Porter’s Five Forces, and ESG, among others. It would also include product life cycle, technological advancements, and patent insights.
Chapter 9 Qualitative Analysis (Subject to Data Availability)
Segmentation Product Analysis 2019 -2031, will provide market size split by Product. This Information is provided at Global Level, Regional Level and Top Countries Level The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 10 Market Split by Product Analysis 2019 -2031
The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 11 Market Split by Distribution Channel Analysis 2019 -2031
This chapter helps you understand the Key Takeaways and Analyst Point of View of the global Meal replacement market
Chapter 12 Research Findings
Here the analyst will summarize the content of entire report and will share his view point on the current industry scenario and how the market is expected to perform in the near future. The points shared by the analyst are based on his/her detailed in-depth understanding of the market during the course of this report study. You will be provided exclusive rights to interact with the concerned analyst for unlimited time pre purchase as well as post purchase of the report.
Chapter 13 Customize the Report Edition (Is applicable, On Request, Subject to Data Available, At an Additional Cost)
Why Powder have a significant impact on Meal replacement market? |
What are the key factors affecting the Powder and Ready-to-drink of Meal replacement Market? |
What is the CAGR/Growth Rate of Offline during the forecast period? |
By type, which segment accounted for largest share of the global Meal replacement Market? |
Which region is expected to dominate the global Meal replacement Market within the forecast period? |
Segmentation Level Customization |
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Global level Data Customization |
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Region level Data Customization |
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Country level Data Customization |
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Company Level |
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Additional Data Analysis |
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Additional Qualitative Data |
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Additional Quantitative Data |
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Service Level Customization |
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Report Format Alteration |
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