Meal Replacement Shakes Market Trends Analysis, Market Opportunities, Key Players, Share And Forecast To 2033

"The new report published by The Business Research Company, titled ""Meal Replacement Shakes Global Market Report 2024 - Market Size, Trends, And Global Forecast 2024-2033"", delivers an in-depth analysis of the leading size and forecasts, investment opportunities, winning strategies, market drivers and trends, competitive landscape, and evolving market trends.

As per the report, the meat replacement shakes market size has grown strongly in recent years. It will grow from $5.20 billion in 2023 to $5.64 billion in 2024 at a compound annual growth rate (CAGR) of 8.5%. The meat replacement shakes market size is expected to see strong growth in the next few years. It will grow to $7.93 billion in 2028 at a compound annual growth rate (CAGR) of 8.9%.

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Increasing Demand For Plant-Based Food Expected To Drive Growth In The Meal Replacement Shakes Market
The increasing demand for plant-based food is expected to propel the growth of the meal replacement shakes market going forward. Plant-based foods are derived from plants, including fruits, vegetables, grains, nuts, seeds, legumes, and products from these ingredients. The increasing demand for plant-based food is due to its health benefits, environmental sustainability, biodiversity preservation, and ethical and animal welfare concerns. Meat replacement shakes help promote plant-based foods by offering a convenient, nutritious, and satisfying alternative to meat, supporting individual health and broader environmental and ethical goals. For instance, in December 2021, according to the Plant Based Foods Association, a US-based food association, in 2023, 60% of U.S. households purchased plant-based foods, maintaining the same level as the previous year. Plant-based foods accounted for 1.1% of the total retail food and beverage dollar sales in 2023. Therefore, increasing demand for plant-based food drives the meal replacement shakes market.

Major Companies Innovate With Plant-Based Meal Replacement Shakes To Meet Rising Demand For Sustainable And Health-Conscious Nutrition
Major companies operating in the meal replacement shake market are developing innovative products, such as plant-based shakes, to cater to the growing demand for sustainable, health-conscious, and ethically produced food options. Plant-based shake refers to a beverage made primarily from plant-derived ingredients that aims to deliver a nutrient-dense, low-sugar, high-fiber, and dairy-free beverage using wholesome ingredients from plants. For instance, in February 2024, HLTH Code, a US-based meal replacement company, launched a plant-based meal replacement shake. These are suitable for vegans and vegetarians to meet the growing demand for dairy-free and vegan-friendly nutrition products in health and wellness. It is formulated to be a nutritionally complete meal, with 400 calories per serving, and is designed to support metabolic health, weight management, and muscle growth.

The meal replacement shakes market covered in this report is segmented -

1) By Product Type : Ready-To-Drink Products, Powdered Products
2) By Form: Powder, Liquid
3) By Flavor: Vanilla, Chocolate, Mocha, Berries, Other Flavors
4) By Nature Meals: Organic, Conventional
5) By Distribution Channel: Direct Sales, Indirect Sales, Modern Trade, Convenience Stores, Independent Grocery Retailers, Specialty Food Stores, Online Retail, Other Retail Formats

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Major companies operating in the meal replacement shakes market are Abbott Laboratories, The Kellogg Company, Glanbia PLC, Herbalife Nutrition, Perrigo Company Plc, The Simply Good Foods Company, Organic Inc., Bob's Red Mill Natural Foods Inc., Ripple Foods, Idealshape LLC , Soylent Inc., Medisys Biotech Pvt Ltd., Fast&Up, Nouveau Medicament (P) Ltd., Saturo Food GmbH, HLTH Code, Elev8 Brands Inc., Marico Pvt Ltd., The Divine Foods, Damhert Nutrition

Contents of the report:
1. Executive Summary
2. Meal Replacement Shakes Market Report Structure
3. Meal Replacement Shakes Market Trends And Strategies
4. Meal Replacement Shakes Market - Macro Economic Scenario
5. Meal Replacement Shakes Market Size And Growth
…..
27. Meal Replacement Shakes Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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