Meal Replacement Market Surge to $18.91 Billion Predicted by 2030, Driven by 5.5% CAGR

The meal replacement market size was valued at USD 11.85 billion in 2021. It is projected to grow to USD 18.91 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 5.5% from 2022 to 2030.

Market Definition:

A meal replacement is a product designed to substitute a regular meal by providing necessary nutrients like protein, vitamins, minerals, fats, and carbohydrates in a convenient form. It is available in different forms, such as shakes, bars, and powders, and is typically used for weight control, hectic schedules, and dietary supplements. They are commonly utilized for managing weight, aiding in controlling calorie intake, or as a convenient choice for individuals with hectic schedules. Meal replacements can be beneficial for individuals with dietary limitations or health conditions requiring controlled nutrition. These products offer a convenient option for individuals looking to adhere to a healthy diet without the resources or time to cook full meals.

𝐆𝐞𝐭 𝐄𝐱𝐜𝐥𝐮𝐬𝐢𝐯𝐞 𝐒𝐚𝐦𝐩𝐥𝐞 𝐏𝐚𝐠𝐞𝐬 𝐨𝐟 𝐓𝐡𝐢𝐬 𝐑𝐞𝐩𝐨𝐫𝐭:
https://www.polarismarketresearch.com/industry-analysis/meal-replacement-market/request-for-sample

Growth Drivers and Opportunities:

● Unhealthy eating habits, sedentary living, easy access to high-calorie convenience foods, and larger portion sizes contribute to the obesity and diabetes epidemic, which is predicted to drive the growth of the meal replacement market.
● Young people's increasing fondness for unhealthy food instead of healthy options, focusing on taste satisfaction over nutritional value, is forecasted to influence market growth in the coming period greatly.

Key Players:

The market features intense competition, and the top companies depend on advanced technology, high-quality products, and a robust brand image to enhance sales. Here is the list of the leading companies operating in the market:

Abbott Laboratories, Amway, Atkins, Blue Diamond Growers, General Mills, Glanbia Plc, Herbalife Nutrition, Huel, Kellogg Co., Nestle, Nu Skin Enterprises, Inc., Slimfast, Soylent, Unilever, Usana Health Sciences Inc., and Wild Oats Markets

𝐁𝐮𝐲 𝐍𝐨𝐰 𝐓𝐡𝐢𝐬 𝐏𝐫𝐞𝐦𝐢𝐮𝐦 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐑𝐞𝐩𝐨𝐫𝐭𝐬:
https://www.polarismarketresearch.com/buy/1156/2

Geographical Landscape:

• North America (U.S., Canada)
• Europe (France, Germany, UK, Italy, Spain, Netherlands, Russia)
• Asia Pacific (Japan, China, India, Malaysia, Indonesia, South Korea)
• Latin America (Brazil, Mexico, Argentina)
• Middle East & Africa (Saudi Arabia, UAE, Israel, South Africa)

Segmentation Overview:

The meal replacement market is mainly segmented based on product, region, and distribution channel. Based on the product analysis, during the projection period, the meal replacement powder segment is anticipated to hold the largest share. The industry is expected to grow due to the easy access and variety of powder flavors available on e-commerce platforms, supermarkets, and convenience stores.

Furthermore, according to the distribution channel analysis, the offline channel is anticipated to hold the largest share in the near future. The rising number of convenience stores, retail stores, and hypermarkets primarily fuels the sector's growth.

𝐄𝐱𝐩𝐥𝐨𝐫𝐞 𝐓𝐡𝐞 𝐂𝐨𝐦𝐩𝐥𝐞𝐭𝐞 𝐂𝐨𝐦𝐩𝐫𝐞𝐡𝐞𝐧𝐬𝐢𝐯𝐞 𝐑𝐞𝐩𝐨𝐫𝐭 𝐇𝐞𝐫𝐞:
https://www.polarismarketresearch.com/industry-analysis/meal-replacement-market

𝐌𝐨𝐫𝐞 𝐓𝐫𝐞𝐧𝐝𝐢𝐧𝐠 𝐋𝐚𝐭𝐞𝐬𝐭 𝐑𝐞𝐩𝐨𝐫𝐭𝐬 𝐛𝐲 𝐏𝐨𝐥𝐚𝐫𝐢𝐬 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡:

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