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.
This report presents a comprehensive overview, market shares and growth opportunities of Meal Replaceme market by product type, application, key companies and key regions.
This study considers the Meal Replaceme value generated from the sales of the following segments:
Segmentation by product type: breakdown data from 2014 to 2019 in Section 2.3; and forecast to 2024 in section 10.7.
Powder
Bars
Others
Segmentation by application: breakdown data from 2014 to 2019, in Section 2.4; and forecast to 2024 in section 10.8.
Retail Stores
Online Sales
Other
This report also splits the market by region: Breakdown data in Chapter 4, 5, 6, 7 and 8.
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Spain
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report: Breakdown data in in Chapter 3.
Abbott
Herbalife
Kellogg
Nestle
SlimFast
Glanbia
GlaxoSmithKline
Nature's Bounty
Nutiva
Onnit Labs
Orgain
Ultimate Superfoods
In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key players and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.
Research objectives
To study and analyze the global Meal Replaceme market size by key regions/countries, product type and application, history data from 2014 to 2018, and forecast to 2024.
To understand the structure of Meal Replaceme market by identifying its various subsegments.
Focuses on the key global Meal Replaceme players, to define, describe and analyze the value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the Meal Replaceme with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
To project the size of Meal Replaceme submarkets, with respect to key regions (along with their respective key countries).
To analyze competitive developments such as expansions, agreements, new product launches and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.
