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Meal Replacement Products Market Regional Analysis and Outlook 2023-2028 | Categorized By Product Type, Distribution Channel and Application

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Meal Replacement Products Market Regional Analysis and Outlook 2023-2028 | Categorized By Product Type, Distribution Channel and Application

March 01
22:29 2023
Meal Replacement Products Market Regional Analysis and Outlook 2023-2028 | Categorized By Product Type, Distribution Channel and Application
Meal replacement products are food products that are designed to replace one or more regular meals, usually with the aim of reducing calorie intake and promoting weight loss.

The latest report by IMARC Group, titled “Meal Replacement Products Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028” offers a comprehensive analysis of the industry, which comprises insights on the market. The report also includes competitor and regional analysis, and contemporary advancements in the market.

Meal Replacement Products Market Overview

The global meal replacement products market size reached US$ 13.1 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 20.0 Billion by 2028, exhibiting a growth rate (CAGR) of 7.1% during 2023-2028.

Year Considered to Estimate the Market Size:

Base Year of the Analysis: 2022

Historical Period: 2017-2022

Forecast Period: 2023-2028

Meal replacement products are food products that are designed to replace one or more regular meals, usually with the aim of reducing calorie intake and promoting weight loss. These products come in the form of bars, shakes, powders, and other formats, and typically provide a balanced mix of macronutrients, such as protein, carbohydrates, and fats, as well as micronutrients, such as vitamins and minerals. Meal replacement products are easy to use, thus making them popular among people who are seeking convenient ways to manage their weight or improve their overall nutrition. They are often marketed as a healthy alternative to fast food or skipped meals.

Request For a PDF Sample Report: https://www.imarcgroup.com/meal-replacement-products-market/requestsample

Meal Replacement Products Market Trends:

The increasing awareness regarding health and wellness represents a key factor driving the growth of the market across the globe. This can be attributed to the rising inclination toward a convenient way to manage weight and improve overall nutrition among individuals, thus driving the market growths. In addition to this, the rising incidence of obesity is contributing to the growth of the market as this is facilitating the need for effective weight management solutions, which, in turn, is driving the demand for meal replacement products. The market is also driven by the expansion of the fitness industry. Moreover, the convenience and portability of meal replacement products make them a popular choice for people with busy lifestyles, which is further driving the growth of the market.

Competitive Landscape with Key Players:

The competitive landscape of the industry has also been examined with some of the key players.

  • Abbott Laboratories
  • Blue Diamond Global Ingredients Division
  • Bob’s Red Mill Natural Foods
  • General Mills
  • Glanbia Plc
  • Healthy ‘N Fit International Inc.
  • Herbalife International of America Inc. Company
  • Nestle SA
  • Nutrisystem Inc.
  • Unilever Plc
  • Ksf Acquisition Corporation

 

Key Market Segmentation:

The report has categorized the market based on product type, distribution channel and application.

Breakup by Product Type:

  • Ready-to-Drink Products
  • Edible Bars
  • Powdered Products
  • Others

 

Breakup by Distribution Channel:

  • Hypermarkets and Supermarkets
  • Convenience Stores
  • Specialty Stores
  • Online Stores
  • Others

 

Breakup by Application:

  • Weight Gain
  • Weight Loss
  • Physical Fitness
  • Wound Healing
  • Others

 

Breakup by Region:

  • North America (United States, Canada)
  • Europe (Germany, France, United Kingdom, Italy, Spain, Others)
  • Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
  • Latin America (Brazil, Mexico, Others)
  • Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, South Africa, Others)

 

Explore full report with TOC & List of Figures: https://www.imarcgroup.com/meal-replacement-products-market

Key highlights of the report:

  • Market Performance (2017-2022)
  • Market Outlook (2023-2028)
  • Market Trends
  • Market Drivers and Success Factors
  • Impact of COVID-19
  • Value Chain Analysis
  • Comprehensive mapping of the competitive landscape

 

If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

Related Reports by IMARC Group:

Food Grade Gases Market Report

Food Additives Market Report 

 

About Us:

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

Media Contact
Company Name: IMARC Group
Contact Person: Elena Anderson
Email: Send Email
Phone: +1-631-791-1145
Address:134 N 4th St.
City: Brooklyn
State: NY
Country: United States
Website: https://www.imarcgroup.com

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