Global Meal Replacement Market Growth 2023-2029

Global Meal Replacement Market Growth 2023-2029

This report studies the Meal Replacement, 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. Medically prescribed meal replacement drinks include the required vitamins and minerals. Bodybuilders sometimes use meal replacements, not formulated for weight loss, to save food preparation time when they are eating 5 to 6 meals a day.
LPI (LP Information)' newest research report, the “Meal Replacement Industry Forecast” looks at past sales and reviews total world Meal Replacement sales in 2022, providing a comprehensive analysis by region and market sector of projected Meal Replacement sales for 2023 through 2029. With Meal Replacement sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Meal Replacement industry.
This Insight Report provides a comprehensive analysis of the global Meal Replacement landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Meal Replacement portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Meal Replacement market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Meal Replacement and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Meal Replacement.
The global Meal Replacement market size is projected to grow from US$ 13210 million in 2022 to US$ 20570 million in 2029; it is expected to grow at a CAGR of 20570 from 2023 to 2029.
In 2017, top 3 vendors (Herbalife, Glanbia， Abbott) totally occupied about 33.55% market share, based on sales volume.
This report presents a comprehensive overview, market shares, and growth opportunities of Meal Replacement market by product type, application, key manufacturers and key regions and countries.
Market Segmentation:
Segmentation by type
Powder
Bars
Beverages
Others
Segmentation by application
Retail Stores
Online Sales
Others
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Abbott
Herbalife
Kellogg
Nestle
SlimFast
Glanbia
GlaxoSmithKline
Nature's Bounty
Nutiva
Onnit Labs
Orgain
Ultimate Superfoods

Key Questions Addressed in this Report
What is the 10-year outlook for the global Meal Replacement market?
What factors are driving Meal Replacement market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Meal Replacement market opportunities vary by end market size?
How does Meal Replacement break out type, application?
What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.