Summary

Meal Replacement Market Size
The global meal replacement market size was valued at $14.37 billion in 2024 and is projected to reach $20.97 billion by 2030, growing at a CAGR of 6.5% during the forecast period.

Meal Replacement Overview
Meal replacement refers to a product that is designed to serve as a substitute for a traditional meal. These products are often nutritionally balanced and formulated to provide essential nutrients such as proteins, carbohydrates, fats, vitamins, and minerals. Meal replacements come in various forms, including shakes, bars, powders, and ready-to-drink beverages. They are commonly used by individuals as a convenient and quick alternative to preparing or consuming a regular meal, especially in situations where time is limited or when there is a desire for portion control and calorie management. Meal replacement products are often marketed as a solution for weight management, as they can help individuals control their calorie intake while ensuring they receive essential nutrients.

Meal Replacement Market Dynamics
• The meal replacement market is expected to witness significant growth in the future due to the growing health and wellness trends, busy lifestyles and time constraints, and the increasing awareness of weight management.
• Additionally, technological advancements in product development and expansion into emerging markets are the prominent factors driving the growth of the meal replacement market.
• However, the regulatory challenges and compliance issues, intense competition from traditional snack options, and allergen concerns and labeling issues are restraining the market growth.
• On the contrary, the rising demand for plant-based & organic options and customization and personalization trends are creating opportunities for market growth.

Impact of COVID-19 on the Meal Replacement Market
The increased focus on health and wellness during the pandemic has driven a surge in demand for convenient and nutritionally balanced meal options, leading to a boost in the meal replacement market. With lockdowns and restrictions affecting traditional dining patterns, consumers sought alternatives that offered ease of preparation and portion control. However, supply chain disruptions, production challenges, and economic uncertainties have posed obstacles to the industry's growth. As consumers continue to prioritize health and weight management, the meal replacement market is adapting by innovating products to meet evolving preferences, such as plant-based and organic options.

By Product, the Powder Segment is projected to be the Largest Segment in the Meal Replacement Market
The powder segment is projected to be the largest segment in the Meal Replacement market during the forecast period owing to the convenience they offer to busy lifestyles, the ability to control nutritional intake, and the adaptability to diverse dietary preferences. Powdered meal replacements offer convenience, versatility, and ease of use, making them a popular choice among consumers seeking quick and nutritionally balanced meal options. The powder format allows for convenient storage, easy portion control, and customization of serving sizes based on individual dietary preferences. Additionally, powdered meal replacements are often perceived as cost-effective, providing a more affordable alternative compared to ready-to-drink options. The powder format is favored by those who prefer to blend their own shakes or incorporate meal replacement powder into recipes like smoothies and recipes, offering a level of flexibility in consumption.

By Geography, Asia Pacific Region Holds the Dominant Position in the Market Revenue
Asia Pacific region holds the dominant position in the market revenue due to the shifting lifestyles, increasing health consciousness, and economic growth. Rapid urbanization has led to hectic lifestyles, prompting a surge in the demand for convenient and time-efficient food solutions. The trend of health and fitness awareness has gained prominence, with consumers seeking nutritional alternatives that align with their wellness goals. Rising disposable incomes in many Asia Pacific countries have empowered consumers to invest in premium health products, such as meal replacements. Urban populations, facing time constraints, find meal replacements appealing for their quick and nutritionally balanced attributes. Additionally, the growth of e-commerce platforms has facilitated easier access to a variety of products, including meal replacements, contributing significantly to their popularity in the region. Cultural shifts toward adopting Western dietary patterns, coupled with innovations in flavors and nutritional profiles by manufacturers, further drive the burgeoning demand for meal replacement products across Asia Pacific.

Key Target Audience:
• Meal Replacement Manufacturers
• Nutritional Supplement Companies
• Retailers and Distributors
• Health and Fitness Centers
• E-commerce Platforms
• Consumers (End-users)
• Regulatory Authorities
• Research and Development Entities
• Health Professionals and Dieticians
• Packaging Suppliers

List of the Key Players Profiled in the Report Includes:
• Abbott Laboratories
• Herbalife
• Amway
• Atkins
• Glanbia Plc
• Huel
• Nestle
• General Mills, Inc.
• Bob's Red Mill Natural Foods, Inc.
• Kellogg Co.
• The Kraft Heinz Company and
• Blue Diamond Growers, Inc.
• Unilever PLC
• Usana Health Sciences Inc

Recent Developments:
• In August 2023, Nestlé announced that it is expanding its plant-based product offerings to provide consumers with additional choices for nutritious and flavorful meat alternatives. In Chile, the company has introduced the Maggi Veg brand, featuring a range of shelf-stable plant-based cooking solutions that are certified as vegan. Among these offerings is Nestlé's inaugural shelf-stable plant-based minced meat, presented in recipe solutions with accompanying seasoning, designed to serve as an ideal substitute in popular dishes such as tacos, empanadas, or spaghetti bolognese. Crafted from soy, this product stands out as an excellent source of high-quality proteins and a good fiber source.
• In May 2021, Unilever has partnered with the food tech company ENOUGH, signaling a collaboration that will supply Unilever with mycoprotein to drive innovation in its plant-based brands, starting with The Vegetarian Butcher. According to ENOUGH, ABUNDA is highly versatile and can be utilized in the creation of alternative meat, seafood, and dairy products. Unilever plans to initially incorporate ABUNDA into products under its alternative meat brand, The Vegetarian Butcher, with potential for extensive innovation across various categories owing to the adaptability of this ingredient.

Market Segmentation:
The research report includes in-depth coverage of the industry analysis with size, share, and forecast for the below segments:

Market by, Product:
• Ready-to-Drink
• Powder
• Protein Bars/Edible Bars
• Other Products

Market by, Distribution Channel:
• Offline
• Online

Market by, Geography:
The meal replacement market report also analyzes the major geographic regions and countries of the market. The regions and countries covered in the study include:
• North America (The United States, Canada, Mexico), Market Estimates, Forecast & Opportunity Analysis
• Europe (Germany, France, UK, Italy, Spain, Rest of Europe), Market Estimates, Forecast & Opportunity Analysis
• Asia Pacific (China, Japan, India, South Korea, Australia, New Zealand, Rest of Asia Pacific), Market Estimates, Forecast & Opportunity Analysis
• South America (Brazil, Argentina, Chile, Rest of South America), Market Estimates, Forecast & Opportunity Analysis
• Middle East & Africa (UAE, Saudi Arabia, Qatar, Iran, South Africa, Rest of Middle East & Africa), Market Estimates, Forecast & Opportunity Analysis

What Can be Explored with this Research Report:
• Understand the key trends that will drive the market and the challenges it faces in the current market scenario
• Identify growth opportunities
• Porter’s five force analysis
• In-depth analysis of market segments, and regions/countries predicted to observe promising growth
• Historical and forecast size of the market in terms of revenue (USD Million)
• Company profiling with key products and solution offerings, key financial information, SWOT analysis, and business strategies adopted

ページTOPに戻る

Table of Contents

1 Market Introduction
1.1 Market Definition
1.2 Research Scope and Segmentation
1.3 Stakeholders
1.4 List of Abbreviations

2 Executive Summary

3 Research Methodology

4 Market Dynamics
4.1 Market Drivers
4.2 Market Restraints
4.3 Market Opportunities
4.4 Market Challenges
4.5 Impact of COVID-19 on Meal Replacement Market

5 Porter's Five Force Analysis
5.1 Bargaining Power of Suppliers
5.2 Bargaining Power of Buyers
5.3 Threat of New Entrants
5.4 Threat of Substitutes
5.5 Competitive Rivalry in the Market

6 Global Meal Replacement Market by, Product
6.1 Overview
6.2 Ready-to-Drink
6.3 Powder
6.4 Protein Bars/Edible Bars
6.5 Other Products

7 Global Meal Replacement Market by, Distribution Channel
7.1 Overview
7.2 Offline
7.3 Online

8 Global Meal Replacement Market by, Geography
8.1 Overview
8.2 North America
8.2.1 US
8.2.2 Canada
8.2.3 Mexico
8.3 Europe
8.3.1 Germany
8.3.2 France
8.3.3 UK
8.3.4 Italy
8.3.5 Spain
8.3.6 Rest of Europe
8.4 Asia Pacific
8.4.1 China
8.4.2 Japan
8.4.3 India
8.4.4 South Korea
8.4.5 Australia
8.4.6 New Zealand
8.4.7 Rest of Asia Pacific
8.5 South America
8.5.1 Brazil
8.5.2 Argentina
8.5.3 Chile
8.5.4 Rest of South America
8.6 Middle East & Africa
8.6.1 UAE
8.6.2 Saudi Arabia
8.6.3 Qatar
8.6.4 Iran
8.6.5 South Africa
8.6.6 Rest of Middle East & Africa

9 Key Developments

10 Company Profiling
10.1 Abbott Laboratories
10.1.1 Business Overview
10.1.2 Product/Service Offering
10.1.3 Financial Overview
10.1.4 SWOT Analysis
10.1.5 Key Activities
10.2 Herbalife
10.3 Amway
10.4 Atkins
10.5 Glanbia Plc
10.6 Huel
10.7 Nestle
10.8 General Mills, Inc.
10.9 Bob's Red Mill Natural Foods, Inc.
10.10 Kellogg Co.
10.11 The Kraft Heinz Company and
10.12 Blue Diamond Growers, Inc.
10.13 Unilever PLC
10.14 Usana Health Sciences Inc