According to SPER Market Research, Meal Replacement Market Size is an increase in lifestyle diseases such as obesity, diabetes, and osteoporosis. People’s awareness of a healthy lifestyle and eating habits drives growth. Meal replacement and healthy eating are long-term solutions for weight management and loss.
People have a general misconception about protein shakes and meal replacement shakes. Protein shakes are used by athletes and muscle builders, whereas meal shakes are used to replace breakfast, lunch, and dinner, as well as to manage weight gain and loss. The meal replacement shake’s ambiguity creates challenges for the meal replacement market. The high cost of meal replacement products is another barrier for this market.
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Market Overview (2022-2030)
- Forecast CAGR (2022-2030): 5.8%
- Forecast Market Size (2030): 19.8 Billion
Rising demand for meal replacement in most developing countries is being driven by rising consumption of on-the-go food products, changing dietary preferences, and the growing impact of Western dietary patterns.
The Asia Pacific has a large population, and a growing number of millennials are shifting toward healthier eating habits, increasing demand for meal replacement. Furthermore, the growing trend of organic and plant-based meal replacement products, particularly in North America and Europe, presents enormous growth opportunities for market players.
Industry Definition and Major Segments:
The SPER Market Research report seeks to give market dynamics, demand, and supply forecasts for the years up to 2030. This report contains statistics on product type segment growth estimates and forecasts.
Global Meal Replacement Market, By Product Type:
- Ready to drink
- other product
Global Meal Replacement Market, By Distribution Channel:
- Convenience stores
- Hypermarkets & supermarkets
- Offline, Online
- Specialty stores
- Other offline distribution channels
Global Meal Replacement Market, By Region:
- North America
This research also includes important market drivers and restraints for the forecast period. The study also covers several developments potential.
Key Market Players:
The global Meal Replacement Market study provides market data by the competitive landscape, revenue analysis, market segments, and detailed analysis of key market players such as; Abbott Laboratories, Amway, Atkins, Glanbia, Herbalife Nutrition, Huel, Kellogg Co., Nestle, Skin Enterprises Inc., USANA Health Sciences Inc.
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SPER Market Research study aims to provide market dynamics, demand, and supply with a yearly forecast for 2030. We have served over 20 industries, with core offerings in Pharmaceutical/Healthcare, Business to Business research (B2B), Nutraceuticals, Food & Beverages, cosmetics, Dermatology, Dental, Herbal, Chemical, Consumer, Information Technology, and other industries.
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