The Meal Replacement Product Manufacturing industry has thrived in the five years to 2016. Heightened obesity rates and increased demand for convenience products are two long-term trends that have strongly favored meal replacement goods. Moving forward, demand for meal replacement products is expected to remain strong. Rising per capita disposable income and increasing health consciousness in consumers will create positive conditions for manufacturers over the next five years. Additionally, Americans will continue to struggle with weight loss and want to improve their nutrition, which will precipitate stronger demand for simple products, such as meal replacement items. Compounding this effect, increasingly busy consumers will also use meal replacement products to save time during the day.
Companies in this industry manufacture dietary supplement products known as meal replacements. These products come as prepackaged powdered drink mixes, ready-to-drink beverages or edible bars designed to replace prepared meals. This industry does not include protein powders, sports nutrition products or edible bars marketed as a protein supplement rather than a meal replacement.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.