Meal Replacement Product Manufacturing
Revenue for the Meal Replacement Product Manufacturing industry has grown strongly over the five years to 2018, with growth driven by rising health-consciousness, higher demand for convenient food and snack products and other favorable shifts in consumer preferences. Strong growth across the dietary supplements market as a whole and continual new product development have also increased industry participation levels and total employment. Over the five years to 2023, the industry is anticipated to benefit from the same trends that have supported its growth in the past, including rising health-consciousness and increased interest in wellness and balanced nutrition among mainstream consumers. Moreover, as the economy continues to grow and approach full employment, consumers will have busier schedules and demand more food products that can be eaten on the go, benefiting the industry.
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.
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