Meal Replacement Products Market Size, Share & Trends Analysis Report By Product (Powder, Ready-to-Drink, Protein Bar), By Distribution Channel, By Region, And Segment Forecasts, 2019 - 2025

Published: Sep, 2019 | Pages: 80 | Publisher: Grand View Research
Industry: Food & Beverages | Report Format: Electronic (PDF)

The global meal replacement products market size is expected to reach USD 25.02 billion by 2025, according to a new report by Grand View Research, Inc. It is projected to register a CAGR of 6.5% during the forecast period. Rising demand for healthy and nutritious food is anticipated to fuel the growth. High prevalence of obesity, diabetes, and cardiovascular diseases among others is expected to drive consumer awareness regarding weight loss and weight management diets, which in turn, will prompt the use of meal replacement products.

Meal replacement powder accounted for largest market share owing to rapid adoption of by health conscious consumers in developed countries from North America and Europe. High consumer awareness regarding the advantages of meal replacement products is expected to bode well for the overall product demand. Ease of handling and consumption is expected drive the demand for meal replacement powder in the forthcoming years. The manufactures are investing in production of ready-to-drink meal replacement products owing to the rising popularity of energy drinks.

Offline distribution channel held the largest market share in 2018. Significant presence of some of the leading product manufacturers in countries such as U.S. and Germany is projected to fuel the demand for meal replacement products. Factors such as access to internet and promotional activities by leading manufacturers are expected to further drive the growth.

North America held the largest market share in 2018 due to high prevalence of obesity and associated disorders in U.S. Increasing hectic lifestyle is anticipated drive the demand for time-saving alternatives for regular meals, which in turn is projected to fuel the regional market. Strict regulations related to food nutrition are projected to drive the growth of the market in North America as well as Europe. Asia Pacific, on the other hand, is expected to witness the fastest growth over the forecast period due to increasing awareness regarding meal replacement products among millennials in countries such as China and India.

Key market players engage in business partnerships, mergers and acquisitions, and product innovation to capture greater market share. In April 2019, Soylent, one of the major manufacturers of meal replacement products signed an agreement with Walmart. Under this agreement, Soylent will roll out five of its ready-to-drink meal replacement drinks in 4,378 Walmart stores in U.S.

Further key findings from the report suggest:

• Protein bars segment is projected to ascend with a CAGR of 6.9% from 2019 to 2025

• Ready-to-drink segment is expected to register the fastest CAGR over the forecast period, due to rapid growth of the beverage industry

• Offline distribution channel held the largest market share of over 90% in 2018

• Major players operating in the meal replacement products market are Kellogg, Abbott Nutrition, Herbalife, and Unilever

 Table of Contents

Chapter 1. Methodology and Scope
                    1.1. Market Segmentation & Scope
                    1.2. Market Definition
                    1.3. Information Procurement
                        1.3.1. Purchased Database
                        1.3.2. GVR's Internal Database
                        1.3.3. Secondary Sources & Third-Party Perspectives
                        1.3.4. Primary Research
                    1.4. Information Analysis
                        1.4.1. Data Analysis Models
                    1.5. Market Formulation & Data Visualization
                    1.6. Data Validation & Publishing
Chapter 2. Executive Summary
                    2.1. Market Outlook
                    2.2. Segmental Outlook
                    2.3. Competitive Insights
Chapter 3. Meal Replacement Products Market Variables, Trends & Scope
                    3.1. Market Introduction
                    3.2. Penetration & Growth Prospect Mapping
                    3.3. Industry Value Chain Analysis
                        3.3.1. Sales/Retail Channel Analysis
                        3.3.2. Profit Margin Analysis
                    3.4. Market Dynamics
                        3.4.1. Market Driver Analysis
                        3.4.2. Market Restraint Analysis
                        3.4.3. Industry Challenges
                        3.4.4. Industry Opportunities
                    3.5. Business Environment Analysis
                        3.5.1. Industry Analysis - Porter's
                            3.5.1.1. Supplier Power
                            3.5.1.2. Buyer Power
                            3.5.1.3. Substitution Threat
                            3.5.1.4. Threat from New Entrant
                            3.5.1.5. Competitive Rivalry
                    3.6. Roadmap of Meal Replacement Market
                    3.7. Market Entry Strategies
Chapter 4. Consumer Behavior Analysis
                    4.1. Consumer Trends and Preferences
                    4.2. Factors Affecting Buying Decision
                    4.3. Consumer Product Adoption
                    4.4. Observations & Recommendations
Chapter 5. Investment Outlook
                    5.1. Penetration & Growth Assessment
                    5.2. Challenges: Adoption, Manufacturing, Technology
                    5.3. Key Competition Analysis: Market Leaders & Emerging Players
                    5.4. Observations & Recommendations
Chapter 6. Meal Replacement Products Market: Product Estimates & Trend Analysis
                    6.1. Product Movement Analysis & Market Share, 2018 & 2025
                    6.2. Powder
                        6.2.1. Market estimates and forecast, 2015 - 2025 (USD Million)
                    6.3. Ready to Drink
                        6.3.1. Market estimates and forecast, 2015 - 2025 (USD Million)
                    6.4. Protein Bar
                        6.4.1. Market estimates and forecast, 2015 - 2025 (USD Million)
Chapter 7. Meal Replacement Products Market: Distribution Channel Estimates & Trend Analysis
                    7.1. Distribution Channel Movement Analysis & Market Share, 2018 & 2025
                    7.2. Online
                        7.2.1. Market estimates and forecast, 2015 - 2025 (USD Million)
                    7.3. Offline
                        7.3.1. Market estimates and forecast, 2015 - 2025 (USD Million)
Chapter 8. Meal Replacement Products Market: Regional Estimates & Trend Analysis
                    8.1. Regional Movement Analysis & Market Share, 2018 & 2025
                    8.2. North America
                        8.2.1. Market estimates and forecast, 2015 - 2025 (USD Million)
                        8.2.2. Market estimates and forecast, by product, 2015 - 2025 (USD Million)
                        8.2.3. Market estimates and forecast, by distribution channel, 2015 - 2025 (USD Million)
                        8.2.4. U.S.
                            8.2.4.1. Market estimates and forecast, 2015 - 2025 (USD Million)
                            8.2.4.2. Market estimates and forecast, by product, 2015 - 2025 (USD Million)
                            8.2.4.3. Market estimates and forecast, by distribution channel, 2015 - 2025 (USD Million)
                    8.3. Europe
                        8.3.1. Market estimates and forecast, 2015 - 2025 (USD Million)
                        8.3.2. Market estimates and forecast, by product, 2015 - 2025 (USD Million)
                        8.3.3. Market estimates and forecast, by distribution channel, 2015 - 2025 (USD Million)
                        8.3.4. Germany
                            8.3.4.1. Market estimates and forecast, 2015 - 2025 (USD Million)
                            8.3.4.2. Market estimates and forecast, by product, 2015 - 2025 (USD Million)
                            8.3.4.3. Market estimates and forecast, by distribution channel, 2015 - 2025 (USD Million)
                    8.4. Asia Pacific
                        8.4.1. Market estimates and forecast, 2015 - 2025 (USD Million)
                        8.4.2. Market estimates and forecast, by product, 2015 - 2025 (USD Million)
                        8.4.3. Market estimates and forecast, by distribution channel, 2015 - 2025 (USD Million)
                        8.4.4. China
                            8.4.4.1. Market estimates and forecast, 2015 - 2025 (USD Million)
                            8.4.4.2. Market estimates and forecast, by product, 2015 - 2025 (USD Million)
                            8.4.4.3. Market estimates and forecast, by distribution channel, 2015 - 2025 (USD Million)
                    8.5. Central & South America
                        8.5.1. Market estimates and forecast, 2015 - 2025 (USD Million)
                        8.5.2. Market estimates and forecast, by product, 2015 - 2025 (USD Million)
                        8.5.3. Market estimates and forecast, by distribution channel, 2015 - 2025 (USD Million)
                        8.5.4. Brazil
                            8.5.4.1. Market estimates and forecast, 2015 - 2025 (USD Million)
                            8.5.4.2. Market estimates and forecast, by product, 2015 - 2025 (USD Million)
                            8.5.4.3. Market estimates and forecast, by distribution channel, 2015 - 2025 (USD Million)
                    8.6. Middle East & Africa
                        8.6.1. Market estimates and forecast, 2015 - 2025 (USD Million)
                        8.6.2. Market estimates and forecast, by product, 2015 - 2025 (USD Million)
                        8.6.3. Market estimates and forecast, by distribution channel, 2015 - 2025 (USD Million)
                        8.6.4. South Africa
                            8.6.4.1. Market estimates and forecast, 2015 - 2025 (USD Million)
                            8.6.4.2. Market estimates and forecast, by product, 2015 - 2025 (USD Million)
                            8.6.4.3. Market estimates and forecast, by distribution channel, 2015 - 2025 (USD Million)
Chapter 9. Competitive Analysis
                    9.1. Key global players, recent developments & their impact on the industry
                    9.2. Key Company/Competition Categorization (Key innovators, Market leaders, Emerging players)
                    9.3. Vendor Landscape
                        9.3.1. List of key distributors and channel partners
                        9.3.2. Key company market share analysis, 2018
                    9.4. Public Companies
                        9.4.1. Company market position analysis
                        9.4.2. Synergy Analysis: Major Deals & Strategic Alliances
                        9.4.3. SWOT
                    9.5. Private Companies
                        9.5.1. List of key emerging companies/technology disruptors/innovators
                        9.5.2. Geographical Presence
                        9.5.3. Company market position analysis
Chapter 10. Company Profiles
                    10.1. Soylant
                        10.1.1. Company Overview
                        10.1.2. Financial Performance
                        10.1.3. Product Benchmarking
                        10.1.4. Strategic Initiatives
                    10.2. Abbott Nutrition
                        10.2.1. Company Overview
                        10.2.2. Financial Performance
                        10.2.3. Product Benchmarking
                        10.2.4. Strategic Initiatives
                    10.3. Unilever
                        10.3.1. Company Overview
                        10.3.2. Financial Performance
                        10.3.3. Product Benchmarking
                        10.3.4. Strategic Initiatives
                    10.4. Nestle
                        10.4.1. Company Overview
                        10.4.2. Financial Performance
                        10.4.3. Product Benchmarking
                        10.4.4. Strategic Initiatives
                    10.5. Herbalife
                        10.5.1. Company Overview
                        10.5.2. Financial Performance
                        10.5.3. Product Benchmarking
                        10.5.4. Strategic Initiatives
                    10.6. SlimFast
                        10.6.1. Company Overview
                        10.6.2. Financial Performance
                        10.6.3. Product Benchmarking
                        10.6.4. Strategic Initiatives
                    10.7. Wild Oats Markets
                        10.7.1. Company Overview
                        10.7.2. Financial Performance
                        10.7.3. Product Benchmarking
                        10.7.4. Strategic Initiatives
                    10.8. Blue Diamond Growers
                        10.8.1. Company Overview
                        10.8.2. Financial Performance
                        10.8.3. Product Benchmarking
                        10.8.4. Strategic Initiatives
                    10.9. General Mills
                        10.9.1. Company Overview
                        10.9.2. Financial Performance
                        10.9.3. Product Benchmarking
                        10.9.4. Strategic Initiatives
                    10.10. Glanbia
                        10.10.1. Company Overview
                        10.10.2. Financial Performance
                        10.10.3. Product Benchmarking
                        10.10.4. Strategic Initiatives

List of Tables

1. Meal Replacement - Key market driver analysis
2. Meal Replacement - Key market restraint analysis
3. Global meal replacement powder market estimates and forecast, 2015 - 2025 (USD Million)
4. Global ready-to-drink meal replacement market estimates and forecast, 2015 - 2025 (USD Million)
5. Global meal replacement protein bars market estimates and forecast, 2015 - 2025 (USD Million)
6. Global meal replacement products market estimates and forecast through online, 2015 - 2025 (USD Million)
7. Global meal replacement products market estimates and forecast through offline, 2015 - 2025 (USD Million)
8. North America meal replacement products market estimates and forecast, 2015 - 2025 (USD Million)
9. North America meal replacement products market revenue estimates and forecast by product, 2015 - 2025 (USD Million)
10. North America meal replacement products market revenue estimates and forecast by distribution channel, 2015 - 2025 (USD Million)
11. U.S. meal replacement products market estimates and forecast, 2015 - 2025 (USD Million)
12. U.S. meal replacement products market revenue estimates and forecast by product, 2015 - 2025 (USD Million)
13. U.S. meal replacement products market revenue estimates and forecast by distribution channel, 2015 - 2025 (USD Million)
14. Europe meal replacement products market estimates and forecast, 2015 - 2025 (USD Million)
15. Europe meal replacement products market revenue estimates and forecast by product, 2015 - 2025 (USD Million)
16. Europe meal replacement products market revenue estimates and forecast by distribution channel, 2015 - 2025 (USD Million)
17. Germany meal replacement products market estimates and forecast, 2015 - 2025 (USD Million)
18. Germany meal replacement products market revenue estimates and forecast by product, 2015 - 2025 (USD Million)
19. Germany meal replacement products market revenue estimates and forecast by distribution channel, 2015 - 2025 (USD Million)
20. Asia Pacific meal replacement products market revenue estimates and forecast by product, 2015 - 2025 (USD Million)
21. Asia Pacific meal replacement products market revenue estimates and forecast by distribution channel, 2015 - 2025 (USD Million)
22. China meal replacement products market estimates and forecast, 2015 - 2025 (USD Million)
23. China meal replacement products market revenue estimates and forecast by Product , 2015 - 2025 (USD Million)
24. China meal replacement products market revenue estimates and forecast by distribution channel, 2015 - 2025 (USD Million)
25. Central & South America meal replacement products market estimates and forecast, 2015 - 2025 (USD Million)
26. Central & South America meal replacement products market revenue estimates and forecast by product, 2015 - 2025 (USD Million)
27. Central & South America meal replacement products market revenue estimates and forecast by distribution channel, 2015 - 2025 (USD Million)
28. Brazil meal replacement products market estimates and forecast, 2015 - 2025 (USD Million)
29. Brazil meal replacement products market revenue estimates and forecast by product, 2015 - 2025 (USD Million)
30. Brazil meal replacement products market revenue estimates and forecast by distribution channel, 2015 - 2025 (USD Million)
31. Middle East & Africa meal replacement products market estimates and forecast, 2015 - 2025 (USD Million)
32. Middle East & Africa meal replacement products market revenue estimates and forecast by product, 2015 - 2025 (USD Million)
33. Middle East & Africa meal replacement products market revenue estimates and forecast by distribution channel, 2015 - 2025 (USD Million)
34. South Africa meal replacement products market estimates and forecast, 2015 - 2025 (USD Million)
35. South Africa meal replacement products market revenue estimates and forecast by product, 2015 - 2025 (USD Million)
36. South Africa meal replacement products market revenue estimates and forecast by distribution channel, 2015 - 2025 (USD Million)
37. Vendor landscape

List of Figures

1. Meal Replacement Products market snapshot
2. Meal Replacement Products market segmentation & scope
3. Meal Replacement Products market penetration & growth prospect mapping
4. Meal Replacement Products value chain analysis
5. Meal Replacement Products market dynamics
6. Meal Replacement Products market: Porter's analysis
7. Meal Replacement Products market: Product movement analysis
8. Meal Replacement Products market: Material movement analysis
9. Meal Replacement Products market: Regional movement analysis