Meal Replacement Market | Discover Top Segments, Trends, Drivers and Challenges
Market Segments and Growth Analysis 2021-2025
The Global meal replacement market is expected to grow by $ 4.49 bn, accelerating at a CAGR of 6.40% during the forecast period. Technavio’s research report traces the growth trajectory of the market and provides a detailed analysis of the prevalent market forces, trends, and drivers which are likely to impact the market in focus.
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Meal Replacement Market: Leading Segments and Growth Analysis
This research report will provide insights into the current market share of each segment along with growth projections for the next five years.
- The Meal Replacement Market is segmented by Product (Powdered products, Edible bars, Ready-to-drink, and Others) and Geography (North America, Europe, APAC, South America, and MEA).
- In terms of geographic segmentation we found that 36% of the market growth will originate from North America during the forecast period. This report provides an accurate prediction of the contribution of all the geographic segments to the growth of the Meal Replacement Market size.
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Meal Replacement Market: Top Trends, Drivers, Challenges to drive Market Recovery
Our report helps market players to discover the various trends, drivers, and challenges that are likely to influence the market growth during the forecast period. These insights will provide clients with all the information they would require for designing a growth strategy for their business.
- Health benefits associated with meal replacement products will be a significant factor in driving the growth of the Meal Replacement Market.
- Expansion of e-commerce will be instrumental in driving the market growth during the forecast period.
- Lack of awareness about meal replacement products is a hurdle that needs to be crossed on the path to success.
Meal Replacement Market: Vendor Analysis
- The market is fragmented.
- The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions.
- Abbott Laboratories, Blue Diamond Growers, Dole Packaged Foods LLC, Glanbia Plc, Healthy N Fit International Inc., Herbalife Nutrition Ltd., Kellogg Co., Nestle SA, The Kraft Heinz Co., and Unilever Group are some of the major market participants.
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The report provides insights into the following FAQs:
- What is the market CAGR?
The market is accelerate at a CAGR of 6.40%.
- What is the incremental growth of the market?
The market is expected to grow by $ 4.49 bn through 2021-2025.
- What is a key factor driving this market?
Health benefits associated with meal replacement products will drive market growth over the forecast period.
- What are the key regions covered in this market research report?
North America, Europe, APAC, South America, and MEA are the key regions featured in this research report.
- Which is the leading geographic region for this market:
36% growth will originate from North America
- Who are the leading market vendors?
The leading vendors in this market are Abbott Laboratories, Blue Diamond Growers, Dole Packaged Foods LLC, Glanbia Plc, Healthy N Fit International Inc., Herbalife Nutrition Ltd., Kellogg Co., Nestle SA, The Kraft Heinz Co., and Unilever Group
- What are the market segments covered in this report?
The market is segmented by Product (Powdered products, Edible bars, Ready-to-drink, and Others) and Geography (North America, Europe, APAC, South America, and MEA)