2022 Meal Replacement Market Report: By Industry Research, Growth, Trends And Forecasts Analysis By 2031

The global meal replacement market report by the business research company the increasing prevalence of obesity and diabetes to be a major growth driver for the meal replacement market. Increasing diabetes is due to factors such as ethnicity, aging, and lifestyle. Meal replacement products are mostly used to treat diabetes by maintaining weight loss. However, as they are high in nutrients yet low in calories, they can also be used to treat obesity. For instance, according to the International Diabetes Federation 2019, the global diabetes prevalence in 2019 was around 9.3%, which is estimated to rise to 10.2% by 2030. Therefore, the increasing prevalence of obesity and diabetes is driving the growth of the meal replacement market

The global meal replacement market size is expected to grow from $14.68 billion in 2021 to $16.02 billion in 2022 at a compound annual growth rate (CAGR) of 9.1%. The global meal substitute market size is expected to grow to $20.63 billion in 2026 at a CAGR of 6.5%.

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North America was the largest region in the meal replacement market in 2021. Asia-Pacific is expected to be the fastest-growing region in the global meal replacements market forecast period. The regions covered in the global meal substitutes market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

Major players in the meal replacement market are Abbott Laboratories, Amway Corp., Atkins, Blue Diamond Growers, General Mills Inc., Glanbia plc, Herbalife Nutrition Ltd, Huel Ltd., Kellogg Company, Nestle SA, The Kraft Heinz Company, Unilever plc, Usana Health Sciences Inc., GlaxoSmithKline plc., SlimFast, Nu Skin Enterprises Inc., and Bob's Red Mill Natural Foods.

The global meal replacement market is segmented -
1) By Product: Powdered Products, Edible Bars, Ready-to-Drink, Others
2) By Application: Weight Gain, Weight Loss, Physical Fitness, Wound Healing, Others
3) By Distribution Channel: Offline, Hypermarkets and Supermarkets, Convenience Stores, Online, Others

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The Meal replacement market Report Contents Include
1. Executive Summary
2. Meal Replacement Market Characteristics
3. Meal Replacement Market Trends And Strategies
4. Impact Of COVID-19 On Meal Replacement
5. Meal Replacement Market Size And Growth
......
26. Africa Meal Replacement Market
27. Meal Replacement Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Meal Replacement Market
29. Meal Replacement Market Future Outlook and Potential Analysis
30. Appendix

This report covers the trends and market dynamics of the meal replacement market in major countries - Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The report also includes consumer surveys and various future opportunities for the market.

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