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PUBLISHER: Polaris Market Research | PRODUCT CODE: 1078388
PUBLISHER: Polaris Market Research | PRODUCT CODE: 1078388
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
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The global meal replacement market size is expected to reach USD 18.91 Billion by 2030 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, 2022 - 2030" 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, 2018 - 2030)
Powder
Ready-to-Drink
Protein Bar
Meal Replacement, Distribution Channel Outlook (Revenue - USD Billion, 2018 - 2030)
Online
Offline
Meal Replacement, Regional Outlook (Revenue - USD Billion, 2018 - 2030)
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
Product Code: PM2356
Table of Contents
1. Introduction
- 1.1. Report Description
- 1.1.1. Objectives of the Study
- 1.1.2. Market Scope
- 1.1.3. Assumptions
- 1.2. Stakeholders
2. Executive Summary
- 2.1. Market Highlights
3. Research Methodology
- 3.1. Overview
- 3.1.1. Data Mining
- 3.2. Data Sources
- 3.2.1. Primary Sources
- 3.2.2. Secondary Sources
4. Global Meal Replacement Market Insights
- 4.1. Meal Replacement Market - Industry Snapshot
- 4.2. Meal Replacement Market Dynamics
- 4.2.1. Drivers and Opportunities
- 4.2.1.1. Growing demand for meal replacement products from emerging economies
- 4.2.1.2. Rising health awareness among consumers
- 4.2.2. Restraints and Challenges
- 4.2.2.1. High cost of meal replacement products
- 4.2.1. Drivers and Opportunities
- 4.3. Porter's Five Forces Analysis
- 4.3.1. Bargaining Power of Suppliers (Moderate)
- 4.3.2. Threats of New Entrants: (Low)
- 4.3.3. Bargaining Power of Buyers (Moderate)
- 4.3.4. Threat of Substitute (Moderate)
- 4.3.5. Rivalry among existing firms (High)
- 4.4. PESTLE Analysis
- 4.5. Meal Replacement Industry trends
- 4.6. Value Chain Analysis
- 4.7. COVID-19 Impact Analysis
5. Global Meal Replacement Market, by Product
- 5.1. Key Findings
- 5.2. Introduction
- 5.2.1. Global Meal Replacement, by Product, 2018 - 2030 (USD Billion)
- 5.3. Powder
- 5.3.1. Global Meal Replacement Market, by Powder, by Region, 2018 - 2030 (USD Billion)
- 5.4. Ready-to-Drink
- 5.4.1. Global Meal Replacement Market, by Ready-to-Drink, by Region, 2018 - 2030 (USD Billion)
- 5.5. Protein Bar
- 5.5.1. Global Meal Replacement Market, by Protein Bar, by Region, 2018 - 2030 (USD Billion)
6. Global Meal Replacement Market, by Distribution Channel
- 6.1. Key Findings
- 6.2. Introduction
- 6.2.1. Global Meal Replacement Market, by Distribution Channel, 2018 - 2030 (USD Billion)
- 6.3. Online
- 6.3.1. Global Meal Replacement Market, by Online, by Region, 2018 - 2030 (USD Billion)
- 6.4. Offline
- 6.4.1. Global Meal Replacement Market, by Offline, by Region, 2018 - 2030 (USD Billion)
7. Global Meal Replacement Market, by Geography
- 7.1. Key findings
- 7.2. Introduction
- 7.2.1. Meal Replacement Market Assessment, By Geography, 2018 - 2030 (USD Billion)
- 7.3. Meal Replacement Market - North America
- 7.3.1. North America: Meal Replacement Market, by Distribution Channel, 2018 - 2030 (USD Billion)
- 7.3.2. North America: Meal Replacement Market, by Product, 2018 - 2030 (USD Billion)
- 7.3.3. Meal Replacement Market - U.S.
- 7.3.3.1. U.S.: Meal Replacement Market, by Distribution Channel, 2018 - 2030 (USD Billion)
- 7.3.3.2. U.S.: Meal Replacement Market, by Product, 2018 - 2030 (USD Billion)
- 7.3.4. Meal Replacement Market - Canada
- 7.3.4.1. Canada: Meal Replacement Market, by Distribution Channel, 2018 - 2030 (USD Billion)
- 7.3.4.2. Canada: Meal Replacement Market, by Product, 2018 - 2030 (USD Billion)
- 7.4. Meal Replacement Market - Europe
- 7.4.1. Europe: Meal Replacement Market, by Distribution Channel, 2018 - 2030 (USD Billion)
- 7.4.2. Europe: Meal Replacement Market, by Product, 2018 - 2030 (USD Billion)
- 7.4.3. Meal Replacement Market - UK
- 7.4.3.1. UK: Meal Replacement Market, by Distribution Channel, 2018 - 2030 (USD Billion)
- 7.4.3.2. UK: Meal Replacement Market, by Product, 2018 - 2030 (USD Billion)
- 7.4.4. Meal Replacement Market - France
- 7.4.4.1. France: Meal Replacement Market, by Distribution Channel, 2018 - 2030 (USD Billion)
- 7.4.4.2. France: Meal Replacement Market, by Product, 2018 - 2030 (USD Billion)
- 7.4.5. Meal Replacement Market - Germany
- 7.4.5.1. Germany: Meal Replacement Market, by Distribution Channel, 2018 - 2030 (USD Billion)
- 7.4.5.2. Germany: Meal Replacement Market, by Product, 2018 - 2030 (USD Billion)
- 7.4.6. Meal Replacement Market - Italy
- 7.4.6.1. Italy: Meal Replacement Market, by Distribution Channel, 2018 - 2030 (USD Billion)
- 7.4.6.2. Italy: Meal Replacement Market, by Product, 2018 - 2030 (USD Billion)
- 7.4.7. Meal Replacement Market - Spain
- 7.4.7.1. Spain: Meal Replacement Market, by Distribution Channel, 2018 - 2030 (USD Billion)
- 7.4.7.2. Spain: Meal Replacement Market, by Product, 2018 - 2030 (USD Billion)
- 7.4.8. Meal Replacement Market - Netherlands
- 7.4.8.1. Netherlands: Meal Replacement Market, by Distribution Channel, 2018 - 2030 (USD Billion)
- 7.4.8.2. Netherlands: Meal Replacement Market, by Product, 2018 - 2030 (USD Billion)
- 7.4.9. Meal Replacement Market - Russia
- 7.4.9.1. Russia: Meal Replacement Market, by Distribution Channel, 2018 - 2030 (USD Billion)
- 7.4.9.2. Russia: Meal Replacement Market, by Product, 2018 - 2030 (USD Billion)
- 7.5. Meal Replacement Market - Asia Pacific
- 7.5.1. Asia Pacific: Meal Replacement Market, by Distribution Channel, 2018 - 2030 (USD Billion)
- 7.5.2. Asia Pacific: Meal Replacement Market, by Product, 2018 - 2030 (USD Billion)
- 7.5.3. Meal Replacement Market - China
- 7.5.3.1. China: Meal Replacement Market, by Distribution Channel, 2018 - 2030 (USD Billion)
- 7.5.3.2. China: Meal Replacement Market, by Product, 2018 - 2030 (USD Billion)
- 7.5.4. Meal Replacement Market - India
- 7.5.4.1. India: Meal Replacement Market, by Distribution Channel, 2018 - 2030 (USD Billion)
- 7.5.4.2. India: Meal Replacement Market, by Product, 2018 - 2030 (USD Billion)
- 7.5.5. Meal Replacement Market - Malaysia
- 7.5.5.1. Malaysia: Meal Replacement Market, by Distribution Channel, 2018 - 2030 (USD Billion)
- 7.5.5.2. Malaysia: Meal Replacement Market, by Product, 2018 - 2030 (USD Billion)
- 7.5.6. Meal Replacement Market - Japan
- 7.5.6.1. Japan: Meal Replacement Market, by Distribution Channel, 2018 - 2030 (USD Billion)
- 7.5.6.2. Japan: Meal Replacement Market, by Product, 2018 - 2030 (USD Billion)
- 7.5.7. Meal Replacement Market - Indonesia
- 7.5.7.1. Indonesia: Meal Replacement Market, by Distribution Channel, 2018 - 2030 (USD Billion)
- 7.5.7.2. Indonesia: Meal Replacement Market, by Product, 2018 - 2030 (USD Billion)
- 7.5.8. Meal Replacement Market - South Korea
- 7.5.8.1. South Korea: Meal Replacement Market, by Distribution Channel, 2018 - 2030 (USD Billion)
- 7.5.8.2. South Korea: Meal Replacement Market, by Product, 2018 - 2030 (USD Billion)
- 7.6. Meal Replacement Market - Middle East & Africa
- 7.6.1. Middle East & Africa: Meal Replacement Market, by Distribution Channel, 2018 - 2030 (USD Billion)
- 7.6.2. Middle East & Africa: Meal Replacement Market, by Product, 2018 - 2030 (USD Billion)
- 7.6.3. Meal Replacement Market - Saudi Arabia
- 7.6.3.1. Saudi Arabia: Meal Replacement Market, by Distribution Channel, 2018 - 2030 (USD Billion)
- 7.6.3.2. Saudi Arabia: Meal Replacement Market, by Product, 2018 - 2030 (USD Billion)
- 7.6.4. Meal Replacement Market - UAE
- 7.6.4.1. UAE: Meal Replacement Market, by Distribution Channel, 2018 - 2030 (USD Billion)
- 7.6.4.2. UAE: Meal Replacement Market, by Product, 2018 - 2030 (USD Billion)
- 7.6.5. Meal Replacement Market - Israel
- 7.6.5.1. Israel: Meal Replacement Market, by Distribution Channel, 2018 - 2030 (USD Billion)
- 7.6.5.2. Israel: Meal Replacement Market, by Product, 2018 - 2030 (USD Billion)
- 7.6.6. Meal Replacement Market - South Africa
- 7.6.6.1. South Africa: Meal Replacement Market, by Distribution Channel, 2018 - 2030 (USD Billion)
- 7.6.6.2. South Africa: Meal Replacement Market, by Product, 2018 - 2030 (USD Billion)
- 7.7. Meal Replacement Market - Latin America
- 7.7.1. Latin America: Meal Replacement Market, by Distribution Channel, 2018 - 2030 (USD Billion)
- 7.7.2. Latin America: Meal Replacement Market, by Product, 2018 - 2030 (USD Billion)
- 7.7.3. Meal Replacement Market - Mexico
- 7.7.3.1. Mexico: Meal Replacement Market, by Distribution Channel, 2018 - 2030 (USD Billion)
- 7.7.3.2. Mexico: Meal Replacement Market, by Product, 2018 - 2030 (USD Billion)
- 7.7.4. Meal Replacement Market - Brazil
- 7.7.4.1. Brazil: Meal Replacement Market, by Distribution Channel, 2018 - 2030 (USD Billion)
- 7.7.4.2. Brazil: Meal Replacement Market, by Product, 2018 - 2030 (USD Billion)
- 7.7.5. Meal Replacement Market - Argentina
- 7.7.5.1. Argentina: Meal Replacement Market, by Distribution Channel, 2018 - 2030 (USD Billion)
- 7.7.5.2. Argentina: Meal Replacement Market, by Product, 2018 - 2030 (USD Billion)
8. Competitive Landscape
- 8.1. Expansion and Acquisition Analysis
- 8.1.1. Expansion
- 8.1.2. Acquisitions
- 8.2. Partnerships/Collaborations/Agreements/Exhibitions
9. Company Profiles
- 9.1. Abbott Laboratories
- 9.1.1. Company Overview
- 9.1.2. Financial Performance
- 9.1.3. Product Benchmarking
- 9.1.4. Recent Development
- 9.2. Amway
- 9.2.1. Company Overview
- 9.2.2. Financial Performance
- 9.2.3. Product Benchmarking
- 9.2.4. Recent Development
- 9.3. Atkins
- 9.3.1. Company Overview
- 9.3.2. Financial Performance
- 9.3.3. Product Benchmarking
- 9.3.4. Recent Development
- 9.4. Blue Diamond Growers
- 9.4.1. Company Overview
- 9.4.2. Financial Performance
- 9.4.3. Product Benchmarking
- 9.4.4. Recent Development
- 9.5. General Mills
- 9.5.1. Company Overview
- 9.5.2. Financial Performance
- 9.5.3. Product Benchmarking
- 9.5.4. Recent Development
- 9.6. Glanbia Plc
- 9.6.1. Company Overview
- 9.6.2. Financial Performance
- 9.6.3. Product Benchmarking
- 9.6.4. Recent Development
- 9.7. Herbalife Nutrition
- 9.7.1. Company Overview
- 9.7.2. Financial Performance
- 9.7.3. Product Benchmarking
- 9.7.4. Recent Development
- 9.8. Huel
- 9.8.1. Company Overview
- 9.8.2. Financial Performance
- 9.8.3. Product Benchmarking
- 9.8.4. Recent Development
- 9.9. Kellogg Co
- 9.9.1. Company Overview
- 9.9.2. Financial Performance
- 9.9.3. Product Benchmarking
- 9.9.4. Recent Development
- 9.10. Nestle
- 9.10.1. Company Overview
- 9.10.2. Financial Performance
- 9.10.3. Product Benchmarking
- 9.10.4. Recent Development
- 9.11. Nu Skin Enterprises, Inc.
- 9.11.1. Company Overview
- 9.11.2. Financial Performance
- 9.11.3. Product Benchmarking
- 9.11.4. Recent Development
- 9.12. Slimfast
- 9.12.1. Company Overview
- 9.12.2. Financial Performance
- 9.12.3. Product Benchmarking
- 9.12.4. Recent Development
- 9.13. Soylent
- 9.13.1. Company Overview
- 9.13.2. Financial Performance
- 9.13.3. Product Benchmarking
- 9.13.4. Recent Development
- 9.14. Unilever
- 9.14.1. Company Overview
- 9.14.2. Financial Performance
- 9.14.3. Product Benchmarking
- 9.14.4. Recent Development
- 9.15. Usana Health Sciences Inc
- 9.15.1. Company Overview
- 9.15.2. Financial Performance
- 9.15.3. Product Benchmarking
- 9.15.4. Recent Development
- 9.16. Wild Oats Markets
- 9.16.1. Company Overview
- 9.16.2. Financial Performance
- 9.16.3. Product Benchmarking
- 9.16.4. Recent Development
Product Code: PM2356
List of Tables
- Table 1 Global Meal Replacement Market, by Distribution Channel, 2018 - 2030 (USD Billion)
- Table 2 Global Meal Replacement Market, by Product, 2018 - 2030 (USD Billion)
- Table 3 Meal Replacement Market Assessment, By Geography, 2018 - 2030 (USD Billion)
- Table 4 North America: Meal Replacement Market, by Distribution Channel, 2018 - 2030 (USD Billion)
- Table 5 North America: Meal Replacement Market, by Product, 2018 - 2030 (USD Billion)
- Table 6 U.S.: Meal Replacement Market, by Distribution Channel, 2018 - 2030 (USD Billion)
- Table 7 U.S.: Meal Replacement Market, by Product, 2018 - 2030 (USD Billion)
- Table 8 Canada: Meal Replacement Market, by Distribution Channel, 2018 - 2030 (USD Billion)
- Table 9 Canada: Meal Replacement Market, by Product, 2018 - 2030 (USD Billion)
- Table 10 Europe: Meal Replacement Market, by Distribution Channel, 2018 - 2030 (USD Billion)
- Table 11 Europe: Meal Replacement Market, by Product, 2018 - 2030 (USD Billion)
- Table 12 UK: Meal Replacement Market, by Distribution Channel, 2018 - 2030 (USD Billion)
- Table 13 UK: Meal Replacement Market, by Product, 2018 - 2030 (USD Billion)
- Table 14 France: Meal Replacement Market, by Distribution Channel, 2018 - 2030 (USD Billion)
- Table 15 France: Meal Replacement Market, by Product, 2018 - 2030 (USD Billion)
- Table 16 Germany: Meal Replacement Market, by Distribution Channel, 2018 - 2030 (USD Billion)
- Table 17 Germany: Meal Replacement Market, by Product, 2018 - 2030 (USD Billion)
- Table 18 Italy: Meal Replacement Market, by Distribution Channel, 2018 - 2030 (USD Billion)
- Table 19 Italy: Meal Replacement Market, by Product, 2018 - 2030 (USD Billion)
- Table 20 Spain: Meal Replacement Market, by Distribution Channel, 2018 - 2030 (USD Billion)
- Table 21 Spain: Meal Replacement Market, by Product, 2018 - 2030 (USD Billion)
- Table 22 Netherlands: Meal Replacement Market, by Distribution Channel, 2018 - 2030 (USD Billion)
- Table 23 Netherlands: Meal Replacement Market, by Product, 2018 - 2030 (USD Billion)
- Table 24 Russia: Meal Replacement Market, by Distribution Channel, 2018 - 2030 (USD Billion)
- Table 25 Russia: Meal Replacement Market, by Product, 2018 - 2030 (USD Billion)
- Table 26 Asia Pacific: Meal Replacement Market, by Distribution Channel, 2018 - 2030 (USD Billion)
- Table 27 Asia Pacific: Meal Replacement Market, by Product, 2018 - 2030 (USD Billion)
- Table 28 China: Meal Replacement Market, by Distribution Channel, 2018 - 2030 (USD Billion)
- Table 29 China: Meal Replacement Market, by Product, 2018 - 2030 (USD Billion)
- Table 30 India: Meal Replacement Market, by Distribution Channel, 2018 - 2030 (USD Billion)
- Table 31 India: Meal Replacement Market, by Product, 2018 - 2030 (USD Billion)
- Table 32 Malaysia: Meal Replacement Market, by Distribution Channel, 2018 - 2030 (USD Billion)
- Table 33 Malaysia: Meal Replacement Market, by Product, 2018 - 2030 (USD Billion)
- Table 34 Japan: Meal Replacement Market, by Distribution Channel, 2018 - 2030 (USD Billion)
- Table 35 Japan: Meal Replacement Market, by Product, 2018 - 2030 (USD Billion)
- Table 36 Indonesia: Meal Replacement Market, by Distribution Channel, 2018 - 2030 (USD Billion)
- Table 37 Indonesia: Meal Replacement Market, by Product, 2018 - 2030 (USD Billion)
- Table 38 South Korea: Meal Replacement Market, by Distribution Channel, 2018 - 2030 (USD Billion)
- Table 39 South Korea: Meal Replacement Market, by Product, 2018 - 2030 (USD Billion)
- Table 40 Middle East & Africa: Meal Replacement Market, by Distribution Channel, 2018 - 2030 (USD Billion)
- Table 41 Middle East & Africa: Meal Replacement Market, by Product, 2018 - 2030 (USD Billion)
- Table 42 Saudi Arabia: Meal Replacement Market, by Distribution Channel, 2018 - 2030 (USD Billion)
- Table 43 Saudi Arabia: Meal Replacement Market, by Product, 2018 - 2030 (USD Billion)
- Table 44 UAE: Meal Replacement Market, by Distribution Channel, 2018 - 2030 (USD Billion)
- Table 45 UAE: Meal Replacement Market, by Product, 2018 - 2030 (USD Billion)
- Table 46 Israel: Meal Replacement Market, by Distribution Channel, 2018 - 2030 (USD Billion)
- Table 47 Israel: Meal Replacement Market, by Product, 2018 - 2030 (USD Billion)
- Table 48 South Africa: Meal Replacement Market, by Distribution Channel, 2018 - 2030 (USD Billion)
- Table 49 South Africa: Meal Replacement Market, by Product, 2018 - 2030 (USD Billion)
- Table 50 Latin America: Meal Replacement Market, by Distribution Channel, 2018 - 2030 (USD Billion)
- Table 51 Latin America: Meal Replacement Market, by Product, 2018 - 2030 (USD Billion)
- Table 52 Mexico: Meal Replacement Market, by Distribution Channel, 2018 - 2030 (USD Billion)
- Table 53 Mexico: Meal Replacement Market, by Product, 2018 - 2030 (USD Billion)
- Table 54 Brazil: Meal Replacement Market, by Distribution Channel, 2018 - 2030 (USD Billion)
- Table 55 Brazil: Meal Replacement Market, by Product, 2018 - 2030 (USD Billion)
- Table 56 Argentina: Meal Replacement Market, by Distribution Channel, 2018 - 2030 (USD Billion)
- Table 57 Argentina: Meal Replacement Market, by Product, 2018 - 2030 (USD Billion)
List of Figures
- Figure 1 Global Meal Replacement Market, 2018 - 2030 (USD Billion)
- Figure 2 Integrated Ecosystem
- Figure 3 Research Methodology: Top-Down & Bottom-Up Approach
- Figure 4 Market by Geography
- Figure 5 Porter's Five Forces
- Figure 6 Market by Distribution Channel
- Figure 7 Global Meal Replacement Market, by Distribution Channel, 2021 & 2030 (USD Billion)
- Figure 8 Market by Product
- Figure 9 Global Meal Replacement Market, by Product, 2021 & 2030 (USD Billion)
- Figure 10 Meal Replacement Market Assessment, By Geography, 2018 - 2030 (USD Billion)
- Figure 11 Strategic Analysis - Meal Replacement Market
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