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Meal Replaceme Market to Witness Robust Expansion by 2024– Top Key players like Abbott,Herbalife,Kellogg,Inc.
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Meal Replacement is a drink, bar, soup, etc. intended as a substitute for a solid food meal, usually with controlled quantities of calories and nutrients. Some drinks are in the form of a health shake.
The leading vendors in the market are Abbott, Herbalife, Kellogg, Nestle, SlimFast, Glanbia, GlaxoSmithKline, Nature's Bounty, etc. There are numerous small local vendors presented in each regions, which make the meal replacement market highly competitive and fragmented. In 2017, top 3 vendors (Herbalife, Glanbia Abbott) totally occupied about 33.55% market share, based on sales volume.
Meal replacement products are sold mainly across three channels: branded retail; private label/original equipment manufacturer (OEM); and food services. Based on the distribution channel, the market is segmented into Retail Stores, Online Sales. Among these Retail Stores distribution channel is the major marketing method for meal replacement, almost 55.37% of meal replacement are sold through Retail Stores in 2017.
According to this study, over the next five years the Meal Replaceme market will register a 5.1% CAGR in terms of revenue, the global market size will reach US$ 15300 million by 2024, from US$ 11900 million in 2019. In particular, this report presents the global revenue market share of key companies in Meal Replaceme business, shared in Chapter 3.
Market Segment by Manufacturers, this report covers
Abbott
Herbalife
Kellogg
Nestle
SlimFast
Glanbia
GlaxoSmithKline
Nature's Bounty
Nutiva
Onnit Labs
Orgain
Ultimate Superfoods
Market Segment by Type, covers
Powder
Bars
Others
Market Segment by Applications, can be divided into
Retail Stores
Online Sales
Other
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Related Information:
North America Meal Replaceme Market Growth 2019-2024
United States Meal Replaceme Market Growth 2019-2024
Asia-Pacific Meal Replaceme Market Growth 2019-2024
Europe Meal Replaceme Market Growth 2019-2024
EMEA Meal Replaceme Market Growth 2019-2024
Global Meal Replaceme Market Growth 2019-2024
China Meal Replaceme Market Growth 2019-2024
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