Growth Opportunities in the North America Meal-Replacement Products Market look promising over the next six years. This is mainly due to the growing health advantages in the meal-replacement products compared to the conventional meals in the consumer base, increasing consumer awareness associated with healthy food habits, and increasing urbanization with busy lifestyles and new product launches.
North America Meal-Replacement Products Market Dynamics (including market size, share, trends, forecast, growth, forecast, and industry analysis)
Key Drivers
The major factors contributing to the growth of the North America meal-replacement products market include the growing health advantages in the meal-replacement products compared to the conventional meals in the consumer base. Moreover, the increasing consumer awareness associated with healthy food habits will further surge the application of the North America meal-replacement products market. The increasing urbanization with busy lifestyles and new product launches will further propel the growth of the market. In addition to this, the easy availability in retail outlets will further boost the growth of the market. The leading organizations in the food processing sector are launching new product ranges that will further bolster the market growth. On the other hand, the factor hindering the growth of the meal-replacement products market includes the overdose of the meal-replacement products will show some side-effects, such as diarrhea and bloating.
Distribution Channel Segment Drivers
Based on the distribution channel, the market is segmented into supermarkets, online stores, food services, and others. Food services is projected to rise at a higher CAGR in the coming years as they are offering a large range of products at better quality with reasonable costs. Furthermore, the rapid urbanization with the increase in the hectic lifestyle will further accelerate the growth of the market.
Regional Drivers
Based on the region, the US is projected to grow at a higher CAGR in the coming years due to the increasing obesity and cardio-vascular diseases-oriented population, which in turn, will further shift towards vegan food products. North American economies are providing a wide range of products at a reasonable cost among the consumer base. In addition to this, the rising adoption of fast-food consumption and hectic lifestyle is projected to accelerate the demand for the growth of the market.
North America Meal-Replacement Products Market’s leading Manufacturers:
- Blue Diamond Growers
- General Mills, Inc.
- Abbott Nutrition
- Bob Red Mill Natural Foods
- Kraft Heinz Co.
- Kellogg Company
- Nutrisystem
- Herbalife Nutrition
- Healthy ‘N Fit International Inc.
- Wild Oats Marketplace
- Rosa Food Products Co., Inc.
North America Meal-Replacement Products Market Segmentation:
Segmentation by Product:
- Beverages
- Ready-to-Drink Products
- Lactose free
- Low carbohydrate
- Shakes
- Lactose free
- Low carbohydrate
- Low sugar
- Low fat
- Edible Bars
- Powdered Products
- Weight loss
- Weight gain
- Others
- Ready-to-Drink Products
Segmentation by Application:
- Weight Loss
- Weight Gain
- Convalescence
- Wound Healing
- Physical Fitness
- Others
Segmentation by Distribution Channel:
- Online stores
- Supermarkets
- Food Services
- Others
Segmentation by Countries:
- United States of America
- Canada
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