Global Meal Replacement Products Market to Reach USD 25.6 Billion by 2033, Fostered by Rising Prevalence of Lifestyle Diseases

November 27, 2024 | Food & Beverages

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According to the latest report by IMARC Group, titled "Meal Replacement Products Market Report by Product Type (Ready-to-Drink Products, Edible Bars, Powdered Products, and Others), Distribution Channel (Hypermarkets and Supermarkets, Convenience Stores, Specialty Stores, Online Stores, and Others), Application (Weight Gain, Weight Loss, Physical Fitness, Wound Healing, and Others), and Region 2025-2033," the global meal replacement products market size reached USD 15.0 Billion in 2024. Meal replacement products (MRP) are pre-packaged and calorie-controlled food products that are consumed as a substitute for a whole-food meal. They contain essential nutrients, such as fats, fibers, vitamins, proteins, complex carbohydrates and minerals that help in replacing high-calorie meals or unhealthy and suppressing subsequent food cravings. These products are fortified with high fiber and protein and work as a substitute for solid food items. MRPs are available in various flavors and formulations to suit different tastes and dietary needs. They include a wide range of products, including drinks, energy bars, soups, and powders with high nutritional values. They are available in different flavors, such as vanilla, strawberry, chocolate, blueberry, and orange. As a result, they are regarded as a convenient alternative for a healthy and low-calorie meal.

Global Meal Replacement Products Market Trends:

The rising prevalence of lifestyle diseases among the masses is driving the global market. This can be attributed to unhealthy dietary patterns and the widespread consumption of junk food among individuals. Moreover, the increasing health consciousness and changing consumer lifestyle are propelling the demand for convenient, nutritious meal replacement products, thus catalyzing the market across the globe. Along with this, the growing demand for plant-based meal replacements is significantly supporting the demand as these products provide a convenient way to get a balanced meal without consuming animal products. Additionally, the increasing adoption of weight management and diet programs that include easy-to-prepare nutritional products is creating a positive market outlook. Besides, the wide adoption of meal replacements by athletes and fitness enthusiasts is augmenting the market as the products can provide a quick source of protein and carbohydrates to help rebuild muscles after a workout. Furthermore, several major companies are introducing organic meal replacement products that are healthier and can be consumed at any given time, further providing a boost to the market. Additionally, the development of plant-based meal replacement shakes that are free of gluten, artificial colors, sweeteners, and preservatives are gaining prominence among the masses. In line with this, several leading players are using modern technology to create personalized meal replacements based on a person's individual nutritional needs and preferences, thus impacting the market favorably. On account of the aforementioned factors, the market is anticipated to reach a value of USD 25.6 Billion by 2033, exhibiting a growth rate (CAGR) of 6.1% during 2025-2033.

Market Summary:

On the basis of the product type, the market has been divided into ready-to-drink products, edible bars, powdered products, and others.
Based on the distribution channel, the market has been segmented into hypermarkets and supermarkets, convenience stores, specialty stores, online stores, and others.
On the basis of the application, the market has been bifurcated into weight gain, weight loss, physical fitness, wound healing, and others.
Based on the region, the market has been categorized into North America (the United States and Canada), Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others), Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others), Latin America (Brazil, Mexico, and others), and the Middle East and Africa.
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market. Some of the key players include Abbott Laboratories, Blue Diamond Global Ingredients Division, Bob's Red Mill Natural Foods, General Mills, Glanbia Plc, Healthy 'N Fit International Inc., Herbalife International of America Inc., Kellogg Company, Nestle SA, Nutrisystem Inc., Unilever Plc, Ksf Acquisition Corporation.

Report Coverage:

Report Features	Details
Base Year of the Analysis	2024
Historical Period	2019-2024
Forecast Period	2025-2033
Units	Billion USD
Segment Coverage	Product Type, Distribution Channel, Application, Region
Region Covered	Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered	United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered	Abbott Laboratories, Blue Diamond Global Ingredients Division, Bob's Red Mill Natural Foods, General Mills, Glanbia Plc, Healthy 'N Fit International Inc., Herbalife International of America Inc., Kellogg Company, Nestle SA, Nutrisystem Inc., Unilever Plc and Ksf Acquisition Corporation
Customization Scope	10% Free Customization
Post-Sale Analyst Support	10-12 Weeks
Delivery Format	PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

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Global Meal Replacement Products Market to Reach USD 25.6 Billion by 2033, Fostered by Rising Prevalence of Lifestyle Diseases

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