Description
Introduction to Global Meal Replacement Products Market – Industry Analysis, Forecasts and Opportunity Assessment (2017-2023)
A Meal Replacement is a soup, drink, bar etc. intended as a substitute for a solid food meal, usually with controlled qualities of nutrients and calories. Meal Replacement shakes contain important nutrients, fats, proteins equivalent to balanced meal as it meant to replace the same. Soylent is an example of Meal Replacement product that comes in the form of powder. Meal Replacement products are very much helpful for bodybuilders not for the fact that these are formulated for weight loss, but for the fact that they save food preparation time when they eat 5 to 6 meals a day.
MARKET DYNAMICS
Meal Replacement productsare helpful when a person is not able to meet his daily energy and nutrients needs with regular meals and snacks. The factors such as easy to prepare, nutritional products, change in lifestyle of people, rapid urbanisation and change in consumption habitshave led to the increase in demand for these products. With the development in the e-commerce platform, these products are getting greater opportunities to cater to large number of people and attracting them towards healthier lifestyle. Websites such as vitacost.com, heathcart.com and wallmart.com offer a wide array of protein bars and other supplements for online purchase. On the contrary factors such as availability of local alternatives with regional taste, high production and marketing costs may hinder the growth of this market globally.
MARKET SEGMENTATION
The GlobalMeal Replacement products can be segmented on the basis of product type, distribution channel, application and geography.
On the basis of product type-
• Shakes
• Ready to drink
• Bars
On the basis of distribution channel-
• Grocery retailers
• E-commerce
• Hypermarkets
• Supermarkets
• Food services
On the basis of application-
• Weight gain
• Weight loss
• Physical fitness
• Wound healing
On the basis of geography
• North America
• Europe
• Asia-Pacific
• South America
• Africa
GEOGRAPHICAL ANALYSIS
The Global Meal Replacement products market can be segmented on the basis of region into North America, Europe, South America, Asia-Pacific and Europe. The market is dominated by North America followed by Europe. The USA is the largest consumer of Meal Replacement products in North America due to high obesity, cardiovascular and other health related problems among the consumers. The South American and the Asia-Pacific markets are growing dueto high rate of consumption among individuals.
KEY PLAYERS
The key players in Meal Replacement products markets are Abbott Nutrition, Nestle, Herbalife,Kellogg, SlimFast, Amazing Grass, Glanbia and many more to count.
- Market segments
- Market Drivers, Restraints and Opportunities
- Market Size & Forecast 2016 to 2022
- Supply & Demand Value Chain
- Market – Current Trends
- Competition & Major Companies
- Technology and R&D Status
- Porters Five Force Analysis
- Strategic and Critical Success Factor Analysis of Key Players
- North America
- US and Canada
- Latin America
- Mexico, Brazil, Argentina and Rest of Latin America
- Western Europe
- EU5 (Germany, France, Italy, Spain, U.K.)
- Nordic Countries (Denmark, Finland, Norway, and Sweden)
- Benelux (Belgium, The Netherlands, and Luxembourg)
- Rest of Western Europe
- Eastern Europe
- Russia
- Poland
- Rest of Eastern Europe
- Asia Pacific
- China
- India
- Japan
- Australia and New Zealand
- Rest of Asia Pacific
- Middle East and Africa
- GCC countries (Saudi Arabia, Oman, Qatar, Bahrain, UAE and Kuwait)
- South Africa
- North Africa
- Rest of Middle East and Africa
This report is an elaborate aggregation of primary inputs from industry experts and participants across the supply chain. It provides details on market segmentation which is derived from several product mapping exercises, macroeconomic parameters and other qualitative and quantitative insights. The impact of all such factors is delivered across multiple market segments and geographies.
- Detailed Historical Overview (Market Origins, Product Launch Timeline, etc.)
- Consumer and Pricing Analysis
- Market dynamics of the industry
- Market Segmentation
- Estimated Market Sizing in terms of volume and value
- Recent trends in Market and impact
- Research Status and Technology Overview
- Extensive Industry Structure Coverage
