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Meal Replacement Product Manufacturing in the US - Industry Market Research Report

Publisher IBISWorld
Published Nov 04, 2024
Length 79 Pages
SKU # IBSS19340667

Description

Meal Replacement Product Manufacturing in the US - Industry Market Research Report


Meal Replacement Product Manufacturing in the US

Demand for meal replacement product manufacturers' core customer base, which includes recreational athletes and adults seeking to lose weight, has remained strong during the current period. Although many consumers have reduced discretionary expenditures in response to the unfavorable economic environment during COVID-19, industry revenue still increased in 2020 as consumers sought convenient and nutritious foods to manage weight and supplement diets. So, industry-wide revenue has increased at a CAGR of 3.1% over the past five years – including an estimated 1.7% increase in the current year – and is expected to total $6.1 billion in 2023, while profit decreased to 5.7%.

Companies in this industry manufacture dietary supplement products known as meal replacements. These products come as prepackaged powdered drink mixes, ready-to-drink (RTD) 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.

Table of Contents

79 Pages
TABLE OF CONTENTS

ABOUT THIS INDUSTRY

Industry Definition
Main Activities
Similar Industries
Additional Resources

INDUSTRY AT A GLANCE

INDUSTRY PERFORMANCE

Executive Summary
Key External Drivers
Current Performance
Industry Outlook
Industry Life Cycle

PRODUCTS & MARKETS

Supply Chain
Products & Services
Demand Determinants
Major Markets
International Trade
Business Locations

COMPETITIVE LANDSCAPE

Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Basis of Competition
Barriers to Entry
Industry Globalization

MAJOR COMPANIES

OPERATING CONDITIONS

Capital Intensity
Technology & Systems
Revenue Volatility
Regulation & Policy
Industry Assistance

KEY STATISTICS

Industry Data
Annual Change
Key Ratios

JARGON & GLOSSARY

Pricing

Currency Rates
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