Meal Replacement Market Worth 15300 Million USD by 2024 | CAGR 5.1%

Global Meal Replacement Market

Meal Replacement is a drink, bar, soup, etc. intended as a substitute for a solid food meal, usually with controlled quantities of calories and nutrients. Some drinks are in the form of a health shake.

The leading vendors in the market are Abbott, Herbalife, Kellogg, Nestle, SlimFast, Glanbia, GlaxoSmithKline, Natures Bounty, etc. There are numerous small local vendors presented in each region, which make the meal replacement market highly competitive and fragmented. In 2017, top 3 vendors Herbalife, Glanbia Abbott totally occupied about 33.55% market share, based on sales volume.

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Meal replacement products are sold mainly across three channels: branded retail; private label/original equipment manufacturer OEM; and food services. Based on the distribution channel, the market is segmented into Retail Stores, Online Sales. Among these Retail Stores distribution channel is the major marketing method for meal replacement, almost 55.37% of meal replacement are sold through Retail Stores in 2017.

According to this study, over the next five years, the Meal Replacement market will register a 5.1% CAGR in terms of revenue, the global market size will reach US$ 15300 million by 2024, from US$ 11900 million in 2019. In particular, this report presents the global revenue market share of key companies in the Meal Replacement business, shared in Chapter 3.

This report presents a comprehensive overview, market shares and growth opportunities of Meal Replacement market by product type, application, key companies, and key regions.

This study considers the Meal Replacement value generated from the sales of the following segments:

Segmentation by product type: breakdown data from 2014 to 2019 in Section 2.3; and forecast to 2024 in section 10.7.

Powder
Bars
Others

Segmentation by application: breakdown data from 2014 to 2019, in Section 2.4; and forecast to 2024 in section 10.8.

Retail Stores
Online Sales
Other

This report also splits the market by region: Breakdown data in Chapter 4, 5, 6, 7 and 8.

America
APAC
Europe
Middle East & Africa
GCC Countries

The key manufacturers covered in this report: Breakdown data in in Chapter 3.

Abbott
Herbalife
Kellogg
Nestle
SlimFast
Glanbia
GlaxoSmithKline
Natures Bounty
Nutiva
Onnit Labs
Orgain
Ultimate Superfoods

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In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key players and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.

Research objectives

To study and analyze the global Meal Replacement market size by key regions/countries, product type and application, history data from 2014 to 2018, and forecast to 2024.
To understand the structure of Meal Replacement market by identifying its various sub-segments.
Focuses on the key global Meal Replacement players, to define, describe and analyze the value, market share, market competition landscape, SWOT analysis and development plans in the next few years.
To analyze the Meal Replacement with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market growth potential, opportunities, drivers, industry-specific challenges and risks.
To project the size of Meal Replacement submarkets, with respect to key regions along with their respective key countries.
To analyze competitive developments such as expansions, agreements, new product launches and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.

Table of Content Covers the Topics mentioned below

2019-2024 Global Meal Replacement Consumption Market Report

Scope of the Report
Executive Summary
Global Meal Replacement by Players
Meal Replacement by Regions
Americas Market
APAC Market
Europe Market
The Middle East & Africa Market
Market Drivers, Challenges and Trends
Marketing, Distributors, and Customer
Global Meal Replacement Market Forecast
Key Players Analysis
Research Findings and Conclusion

Customization of this Report can be done as per the client’s requirement.

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