Market Overview:
The global high protein meal replacement shake market is expected to grow at a CAGR of 6.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing awareness about the benefits of high protein meal replacement shakes, rising demand for healthy and convenient food options, and growing number of health-conscious consumers. The ready-to-drink products segment is expected to dominate the global high protein meal replacement shake market during the forecast period. This segment is projected to grow at a CAGR of 7.0% from 2018 to 2030 due to its convenience and easy portability.
Product Definition:
A High Protein Meal Replacement Shake is a shake that is high in protein and low in carbohydrates. They are often used as a meal replacement when on a diet, or to help build muscle.
Ready-to-Drink Products:
Ready-to-drink products are beverages that contain protein, carbohydrates and other ingredients such as vitamins and minerals. The product is usually consumed just before the workout or during downtime of the bodybuilders. It contains essential amino acids, which help in muscle recovery after each workout session.
The ready to drink products have a low shelf life compared to powder form due to its preservatives nature keeping it fresh for a longer time period but can be stored at room temperature.
Powdered Products:
Powdered products are made by freeze drying fresh or frozen ingredients and then they are reconstituted with water or milk. The product is available in the form of protein powders, meal replacement bars, weight loss supplements, etc. It has high usage in the food & beverage industry as it can be used to create any type of food product including baked goods, beverages (such as smoothies), and even confectioneries.
Application Insights:
Supermarkets held the largest share of more than 50.0% in 2017. The key factor contributing to its large share is that a significant number of consumers prefer shopping at supermarkets, where they can compare different products and brands easily. Moreover, most supermarkets have their own nutritionists who can advice on good dietary practices related to meal replacement products like HSMPR for weight loss or muscle gain, which helps boost product sales further.
The convenience store segment is expected to witness the fastest growth over the forecast period owing to growing consumer preference for on-the-go meals and snacks that do not require preparation prior consumption. Furthermore, rising demand for ready-to-eat packaged food items has been driving demand for high protein meal replacement shakes in convenience stores across countries such as U.S.
Regional Analysis:
North America was the largest regional market in 2017 owing to growing consumer awareness about a healthy lifestyle and increasing cases of obesity. The region will retain its dominant position throughout the forecast years on account of rising product demand as an effective weight loss aid. Asia Pacific is expected to be the fastest-growing regional market from 2018 to 2030 due to changing eating habits, increasing disposable income, and growing health concerns over obesity. Changing lifestyles have led consumers in developing countries like India and China towards a vegan diet which has increased demand for protein powder for making vegan protein-based meals or snacks.
The key players operating in this industry are Jarrow Formulas, Inc.; Optimum Nutrition Corporation; Herbalife Ltd.; Modern Health Concepts Holdings Inc.; Cargill, Incorporated; Tyson Food Inc.; Abbott Park; Lacto Protein Powder Company; EASports Nutritionals LLC (USA); BioProcess Algae LLC (Canada) (Algae Protein).
Growth Factors:
- Increasing awareness about the benefits of high protein meal replacement shakes for weight loss and muscle gain.
- Rising demand from health-conscious consumers for convenient, healthy, and affordable meal replacement options.
- Growing popularity of fitness trends such as Crossfit and bodybuilding that promote the use of high protein shakes as a means to improve physical performance.
- Proliferation of online retail channels that offer a wide variety of high protein shake brands and flavors to choose from.
Scope Of The Report
Report Attributes
Report Details
Report Title
High Protein Meal Replacement Shake Market Research Report
By Type
Ready-to-Drink Products, Powdered Products
By Application
Supermarkets, Convenience Store, Online Stores, Others
By Companies
Abbott Nutrition, Glanbia, GlaxoSmithKline, Herbalife, Kellogg, Nature's Bounty, Nestle, SlimFast
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
223
Number of Tables & Figures
157
Customization Available
Yes, the report can be customized as per your need.
Global High Protein Meal Replacement Shake Market Report Segments:
The global High Protein Meal Replacement Shake market is segmented on the basis of:
Types
Ready-to-Drink Products, Powdered Products
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Supermarkets, Convenience Store, Online Stores, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Abbott Nutrition
- Glanbia
- GlaxoSmithKline
- Herbalife
- Kellogg
- Nature's Bounty
- Nestle
- SlimFast
Highlights of The High Protein Meal Replacement Shake Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Ready-to-Drink Products
- Powdered Products
- By Application:
- Supermarkets
- Convenience Store
- Online Stores
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the High Protein Meal Replacement Shake Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
A high protein meal replacement shake is a drink that provides all the nutrients and energy you need to stay healthy and energetic throughout the day. These shakes are typically made with whey protein, which is a type of milk protein, as well as other essential vitamins and minerals. They can be an excellent way to supplement your diet if you're looking for something that will give you the extra boost you need to stay on track.
Some of the major players in the high protein meal replacement shake market are Abbott Nutrition, Glanbia, GlaxoSmithKline, Herbalife, Kellogg, Nature's Bounty, Nestle, SlimFast.
The high protein meal replacement shake market is expected to grow at a compound annual growth rate of 6.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 High Protein Meal Replacement Shake Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 High Protein Meal Replacement Shake Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 High Protein Meal Replacement Shake Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the High Protein Meal Replacement Shake Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global High Protein Meal Replacement Shake Market Size & Forecast, 2018-2028
4.5.1 High Protein Meal Replacement Shake Market Size and Y-o-Y Growth
4.5.2 High Protein Meal Replacement Shake Market Absolute $ Opportunity
Chapter 5 Global High Protein Meal Replacement Shake Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 High Protein Meal Replacement Shake Market Size Forecast by Type
5.2.1 Ready-to-Drink Products
5.2.2 Powdered Products
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global High Protein Meal Replacement Shake Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 High Protein Meal Replacement Shake Market Size Forecast by Applications
6.2.1 Supermarkets
6.2.2 Convenience Store
6.2.3 Online Stores
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global High Protein Meal Replacement Shake Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 High Protein Meal Replacement Shake Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America High Protein Meal Replacement Shake Analysis and Forecast
9.1 Introduction
9.2 North America High Protein Meal Replacement Shake Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America High Protein Meal Replacement Shake Market Size Forecast by Type
9.6.1 Ready-to-Drink Products
9.6.2 Powdered Products
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America High Protein Meal Replacement Shake Market Size Forecast by Applications
9.10.1 Supermarkets
9.10.2 Convenience Store
9.10.3 Online Stores
9.10.4 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe High Protein Meal Replacement Shake Analysis and Forecast
10.1 Introduction
10.2 Europe High Protein Meal Replacement Shake Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe High Protein Meal Replacement Shake Market Size Forecast by Type
10.6.1 Ready-to-Drink Products
10.6.2 Powdered Products
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe High Protein Meal Replacement Shake Market Size Forecast by Applications
10.10.1 Supermarkets
10.10.2 Convenience Store
10.10.3 Online Stores
10.10.4 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific High Protein Meal Replacement Shake Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific High Protein Meal Replacement Shake Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific High Protein Meal Replacement Shake Market Size Forecast by Type
11.6.1 Ready-to-Drink Products
11.6.2 Powdered Products
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific High Protein Meal Replacement Shake Market Size Forecast by Applications
11.10.1 Supermarkets
11.10.2 Convenience Store
11.10.3 Online Stores
11.10.4 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America High Protein Meal Replacement Shake Analysis and Forecast
12.1 Introduction
12.2 Latin America High Protein Meal Replacement Shake Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America High Protein Meal Replacement Shake Market Size Forecast by Type
12.6.1 Ready-to-Drink Products
12.6.2 Powdered Products
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America High Protein Meal Replacement Shake Market Size Forecast by Applications
12.10.1 Supermarkets
12.10.2 Convenience Store
12.10.3 Online Stores
12.10.4 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) High Protein Meal Replacement Shake Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) High Protein Meal Replacement Shake Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) High Protein Meal Replacement Shake Market Size Forecast by Type
13.6.1 Ready-to-Drink Products
13.6.2 Powdered Products
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) High Protein Meal Replacement Shake Market Size Forecast by Applications
13.10.1 Supermarkets
13.10.2 Convenience Store
13.10.3 Online Stores
13.10.4 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 High Protein Meal Replacement Shake Market: Competitive Dashboard
14.2 Global High Protein Meal Replacement Shake Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Abbott Nutrition
14.3.2 Glanbia
14.3.3 GlaxoSmithKline
14.3.4 Herbalife
14.3.5 Kellogg
14.3.6 Nature's Bounty
14.3.7 Nestle
14.3.8 SlimFast
