Meal Replacement Market Share, Size, Trends, Industry Analysis Report, By Product (Powder, Ready-to-Drink, Protein Bar); By Distribution Channel (Online, Offline); By Region; Segment Forecast, 2022 - 2030
Description
The global meal replacement market size is expected to reach USD 22.50 Billion by 2034 according to a new study by Polaris Market Research. The report “Meal Replacement Market Share, Size, Trends, Industry Analysis Report, By Product (Powder, Ready-to-Drink, Protein Bar); By Distribution Channel (Online, Offline); By Region; Segment Forecast, 2025 - 2034” gives a detailed insight into current market dynamics and provides analysis on future market growth.
The growing prevalence of health-related issues such as obesity, high blood pressure, cardiovascular diseases, high cholesterol levels, diabetes is expected to accelerate the growth of the meal replacement industry. This product contains an adequate amount of protein, vitamins, and minerals and provides a balanced, low-calorie, low-fat diet when combined with other foods or snacks. Furthermore, the major factors contributing to the demand for the industry include unhealthy dietary changes, rising sedentary lifestyle, increasing availability of high caloric density convenience foods. The growing adoption of a healthy lifestyle and healthy diet plan is projected to have a positive impact on global demand.
On the basis of product type, meal replacement powder is expected to account for the largest share over the forecast period. The large market share is attributed to the easy availability and accessibility of these powders in a variety of flavors that fulfill the high nutritional need of the body.
The online sector is expected to hold a significant market share. The increasing proliferation of e-commerce has led to the increased sale of MR food products, especially during the pandemic. Now, consumers prefer online shopping for buying MR products which also offer them several lucrative deals in the form of coupons, discounts, shopping vouchers, cashback, etc.
Asia Pacific is expected to dominate the meal replacement industry in the global industry over the forecast period. The growing population, the rising rate of diseases such as obesity, high blood pressure, diabetes, etc., increasing health consciousness, the trend of weight management are the factors contributing to the growth of the meal replacement industry. The companies present across the region are introducing the healthier option of meal replacement products that contain low calories and high nutritional content.
Major participants such as Unilever, General Mills, Abbott Laboratories, Atkins, Blue Diamond Growers, Glanbia Plc, Wild Oats Markets, Huel, Kellogg Co., Amway, Nestle, Nu Skin Enterprises, Inc., Slimfast, Soylent, Usana Health Sciences Inc., and Herbalife Nutrition are some of the key players operating in the global market.
Polaris Market Research has segmented the meal replacement market report on the basis of product, distribution channel, and region:
Meal Replacement, Product Outlook (Revenue - USD Billion, 2020 - 2034)
Powder
Ready-to-Drink
Protein Bar
Meal Replacement, Distribution Channel Outlook (Revenue - USD Billion, 2020 - 2034)
Online
Offline
Meal Replacement, Regional Outlook (Revenue - USD Billion, 2020 - 2034)
North America
U.S.
Canada
Europe
France
Germany
UK
Italy
Spain
Netherlands
Russia
Asia Pacific
China
India
Japan
Malaysia
South Korea
Indonesia
Latin America
Mexico
Brazil
Argentina
Middle East & Africa
UAE
Saudi Arabia
Israel
South Africa
The growing prevalence of health-related issues such as obesity, high blood pressure, cardiovascular diseases, high cholesterol levels, diabetes is expected to accelerate the growth of the meal replacement industry. This product contains an adequate amount of protein, vitamins, and minerals and provides a balanced, low-calorie, low-fat diet when combined with other foods or snacks. Furthermore, the major factors contributing to the demand for the industry include unhealthy dietary changes, rising sedentary lifestyle, increasing availability of high caloric density convenience foods. The growing adoption of a healthy lifestyle and healthy diet plan is projected to have a positive impact on global demand.
On the basis of product type, meal replacement powder is expected to account for the largest share over the forecast period. The large market share is attributed to the easy availability and accessibility of these powders in a variety of flavors that fulfill the high nutritional need of the body.
The online sector is expected to hold a significant market share. The increasing proliferation of e-commerce has led to the increased sale of MR food products, especially during the pandemic. Now, consumers prefer online shopping for buying MR products which also offer them several lucrative deals in the form of coupons, discounts, shopping vouchers, cashback, etc.
Asia Pacific is expected to dominate the meal replacement industry in the global industry over the forecast period. The growing population, the rising rate of diseases such as obesity, high blood pressure, diabetes, etc., increasing health consciousness, the trend of weight management are the factors contributing to the growth of the meal replacement industry. The companies present across the region are introducing the healthier option of meal replacement products that contain low calories and high nutritional content.
Major participants such as Unilever, General Mills, Abbott Laboratories, Atkins, Blue Diamond Growers, Glanbia Plc, Wild Oats Markets, Huel, Kellogg Co., Amway, Nestle, Nu Skin Enterprises, Inc., Slimfast, Soylent, Usana Health Sciences Inc., and Herbalife Nutrition are some of the key players operating in the global market.
Polaris Market Research has segmented the meal replacement market report on the basis of product, distribution channel, and region:
Meal Replacement, Product Outlook (Revenue - USD Billion, 2020 - 2034)
Powder
Ready-to-Drink
Protein Bar
Meal Replacement, Distribution Channel Outlook (Revenue - USD Billion, 2020 - 2034)
Online
Offline
Meal Replacement, Regional Outlook (Revenue - USD Billion, 2020 - 2034)
North America
U.S.
Canada
Europe
France
Germany
UK
Italy
Spain
Netherlands
Russia
Asia Pacific
China
India
Japan
Malaysia
South Korea
Indonesia
Latin America
Mexico
Brazil
Argentina
Middle East & Africa
UAE
Saudi Arabia
Israel
South Africa
Table of Contents
116 Pages
- Chapter 1. Introduction
- 1.1Report Description
- 1.1.1Objectives of the Study
- 1.1.2Market Scope
- 1.1.3Assumptions
- Chapter 2.Executive Summary
- Chapter 3.Research Methodology
- 3.1Overview
- 3.1.1Data Mining
- 3.2Data Sources
- 3.2.1Primary Sources
- 3.2.2Secondary Sources
- Chapter 4.E-Fuel Market Insights
- 4.1E-Fuel – Industry snapshot
- 4.2E-Fuel Market Dynamics
- 4.2.1Drivers and Opportunities
- 4.2.1.1Advancements in renewable energy technologies
- 4.2.1.2Climate Change Mitigation
- 4.2.2Restraints and Challenges
- 4.2.2.1High production costs
- 4.3E-Fuel Market – Porter’s Five Forces
- 4.3.1Bargaining Power of Suppliers (Moderate to High)
- 4.3.2Threats of New Entrants: (Moderate to High)
- 4.3.3Bargaining Power of Buyers (Low to Moderate)
- 4.3.4Threat of Substitute (Moderate)
- 4.3.5Rivalry among existing firms (Moderate)
- 4.4E-Fuel Market – PEST Analysis
- 4.5E-Fuel Market – Covid-19 Impact Analysis
- Chapter 5.E-Fuel Market Assessment by Product
- 5.1Introduction
- 5.2E-Diesel
- 5.3E-Gasoline
- 5.4Ethanol
- 5.5Hydrogen
- 5.6Methanol
- 5.7Other Products
- Chapter 6.E-Fuel Market Assessment by State
- 6.1Introduction
- 6.2Liquid
- 6.3Gas
- Chapter 7.E-Fuel Market Assessment by Production Method
- 7.1Introduction
- 7.2Power-to-Liquid
- 7.3Power-to-Gas
- 7.4Gas-to-Liquid
- Chapter 8.E-Fuel Market Assessment by End-User
- 8.1Introduction
- 8.2Automotive
- 8.3Industrial
- 8.4Marine
- 8.5Railway
- 8.6Other End-Uses
- Chapter 9.E-Fuel Market Assessment by Region
- 9.1Introduction
- 9.2E-Fuel Market – North America
- 9.2.1E-Fuel Market – U.S.
- 9.2.2E-Fuel Market – Canada
- 9.3E-Fuel Market – Europe
- 9.3.1E-Fuel Market – Germany
- 9.3.2E-Fuel Market – UK
- 9.3.3E-Fuel Market – France
- 9.3.4E-Fuel Market – Italy
- 9.4E-Fuel Market – Asia Pacific
- 9.4.1E-Fuel Market – China
- 9.4.2E-Fuel Market – Japan
- 9.4.3E-Fuel Market – South Korea
- 9.5E-Fuel Market – Latin America
- 9.6E-Fuel Market – Middle East & Africa
- Chapter 10.Competitive Landscape
- 10.1Key Market Players: Categorization
- 10.2Strategy Framework
- 10.3Strategies Categorization
- 10.3.1Product Launch/ Collaboration/Investment
- 10.3.2Expansions/Agreement/Partnership/Funds
- Chapter 11.Company Profiles
- 11.1Neste
- 11.1.1Business Overview
- 11.1.2Financial Snapshot
- 11.1.2.1Net Sales by business segment
- 11.1.2.2Net Sales by Region
- 11.1.3Recent Developments
- 11.2Siemens Energy
- 11.2.1Business Overview
- 11.2.2Financial Snapshot
- 11.2.2.1Revenue by business segment
- 11.2.2.2Revenue by Region
- 11.2.3Recent Developments
- 11.3Sunfire GmbH
- 11.3.1Business Overview
- 11.3.2Recent Developments
- 11.4HIF Global
- 11.4.1Business Overview
- 11.4.2Recent Developments
- 11.5INERATEC GmbH
- 11.5.1Business Overview
- 11.5.2Products and Services
- 11.5.3Recent Developments
- 11.6Liquid Wind
- 11.6.1Business Overview
- 11.6.2Financial Snapshot
- 11.6.3Products and Services
- 11.6.4Recent Developments
- 11.7ABEL Energy Pty Ltd.
- 11.7.1Business Overview
- 11.7.2Recent Developments
- 11.8ANPAC
- 11.8.1Business Overview
- 11.8.2Financial Snapshot
- 11.8.3Recent Developments
- 11.9Arcadia eFuels
- 11.9.1Business Overview
- 11.9.2Recent Developments
- 11.10Porsche AG.
- 11.10.1Business Overview
- 11.10.2Financial Snapshot
Pricing
Currency Rates
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