IMARC Group, a leading market research company, has recently releases report titled “Meal Replacement Products Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The study provides a detailed analysis of the industry, including the global meal replacement products market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
Report Highlights
| Report Attributes | Details |
| Market Size in 2022 | US$ 13.1 Billion |
| Market Forecast in 2028 | US$ 20.0 Billion |
| Growth rate (2023 to 2028) | CAGR of 7.1% |
| Base Year of the Analysis | 2022 |
| Forecast Period | 2023-2028 |
Meal replacement products are convenient and pre-packaged food option that is designed to replace one or more whole-food meals. They are carefully formulated to contain essential nutrients, such as protein, fiber, vitamins, minerals, and complex carbohydrates, while also being calorie controlled. By providing a balanced nutrient profile, meal replacement products mainly replace high-calorie and unhealthy meals and reduce the occurrence of subsequent food cravings. One of the key advantages of meal replacement products is their versatility. They are commercially available in a wide range of flavors, such as vanilla, strawberry, chocolate, blueberry, and orange, and various forms, including ready-to-eat (RTE) foods, shakes, bars, and powders.
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The global meal replacement products market is witnessing significant growth due to several factors, including the increasing prevalence of obesity and diabetes and the rising health consciousness. Moreover, the escalating awareness regarding weight management and rising disposable incomes are bolstering the market growth. Furthermore, the introduction of innovative products, such as plant-based and organic meal replacement shakes that are free of artificial colors, gluten, sweeteners, and preservatives, is contributing to the market growth. The market is also being driven by rapid urbanization and easy product availability in online retail channels.
The competitive landscape of the industry has also been examined with some of the key players.
The report has categorized the market based on product type, distribution channel and application.
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.
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