Global Meal Replacement Products Market
The GMI Research forecasts that the Meal Replacement Products Market is witnessing an upsurge in demand over the forecast period. This is mainly due to the rising consumer for easy-to-prepare, nutritional products and their use in various weight-loss regimens.
Introduction of the Meal Replacement Products Market:
Meal replacement products are pre-packaged and calorie‐controlled products in a bar or powder mix that can be used in a shake or beverage and are validated as safe and effective tools for weight loss (and weight maintenance). These products include a wide variety of food items such as ready-to-drink, protein bars, and powders. It contains high nutritional values such as protein, fiber, vitamins, and other required nutrients.
Key Players of the Global Meal Replacement Products Market:
- Herbalife Nutrition
- General Mills Inc.
- Nestle
- Kraft Heinz Company
- Abbott Laboratories
- Glanbia Plc
- Kellogg Co.
- Unilever
- Bob’s Red Mill Natural Foods, Inc.
- Blue Diamond Growers
Meal Replacement Products Market Dynamics (including market size, share, trends, forecast, growth, forecast, and industry analysis)
The prominent drivers supplementing the growth of the global meal replacement products market include the accelerating urban population, altering eating habits of individuals due to the busy and hectic lifestyle of the working population, growing apprehension towards health, and the mounting per capita income of individuals. In addition, the escalating acquisition of meal replacement bars and shakes as a healthy substitute as compared to fast food will impel the market growth. These products are considered as a substitute for solid food items and proffer a desired quality of nutrients to the consumers. Also, the aggravating cases of diseases such as diabetes, obesity, and cardiovascular diseases, have raised the recognition among consumers regarding weight loss and weight management diets is fuelling the market growth. Furthermore, the elevating demand for convenient and nutritious food options with high nutritional content is bringing enormous growth opportunities to the market. However, the accessibility of alternatives food products and inflated production & marketing cost will restrain the meal replacement products market share.
Meal Replacement Products Market Segmentation:
Segmentation by Product
- Powder
- Ready to Drink
- Protein Bar
Segmentation by Distribution Channel
- Online
- Offline
Segmentation by Region:
- North America
- United States of America
- Canada
- Asia Pacific
- China
- Japan
- India
- Rest of APAC
- Europe
- United Kingdom
- Germany
- France
- Spain
- Rest of Europe
- RoW
- Brazil
- South Africa
- Saudi Arabia
- UAE
- Rest of the world (remaining countries of the LAMEA region)
About GMI Research
GMI Research is a market research and consulting company that offers business sights and market research reports for every enterprise, including small & medium enterprises and large organizations. Our research team helps the clients to understand the impact of market dynamics such as market size, share, drivers, growth opportunities, and other aspects. We have a team of analysts and industry experts who conduct market intelligence studies to ensure relevant and fact-based research across a wide range of sectors such as FMCG, Technology, Energy, Healthcare, and other industries. We collect relevant information about the industry using both internal and external databases. Our main focus is to keep our clients abridged of the emerging opportunities and challenges in a wide range of industries. We provide step-by-step assistance to our client through strategic and consulting services to reach a managerial and actionable decision. Featured in the ‘Top 20 Most Promising Market Research Consultants’ list of Silicon India Magazine in 2018, we at GMI Research are always looking forward to helping businesses stay ahead of the curve.
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