Market Overview:
The global home meal replacement (HMR) market is expected to grow at a CAGR of 7.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for convenience foods and the rising number of single-person households across the globe. In addition, the growing trend of eating out has led to an increase in demand for ready-to-eat (RTE) HMR products. The RTC segment is expected to dominate the global HMR market in terms of revenue during the forecast period. This can be attributed to factors such as busy lifestyles and rising disposable incomes, which have resulted in an increase in demand for RTC products.
 Industry Outlook.svg)
Product Definition:
Home meal replacement (HMR) is a defined diet plan that provides all of the daily nutritional requirements in the form of prepared, frozen, or shelf-stable meals. HMR plans are often used to help people lose weight, as they provide portion-controlled meals that can be low in calories and unhealthy fats.
RTC (Ready to Cook):
RTC (Ready to Cook) is a meal replacement that contains all the ingredients needed to prepare a complete and healthy meal, with no cooking or preparation required. The product is available in powdered form as well as ready-to-drink beverages.
RTH (Ready to Heat):
RTH is a form of ready-to-use product that can be used in HMR. It contains all the ingredients required to prepare a complete meal, which includes protein, carbohydrate and fat. RTH products are usually consumed as an alternative to conventional food; they contain all the essential nutrients and offer similar macronutrient distribution as compared to normal food items.
Application Insights:
The others application segment held the largest market share of more than 40.0% in 2017. This is attributed to the increasing number of working professionals who are shifting towards a meal replacement diet for weight loss and maintaining a healthy lifestyle. The single-person household application segment is expected to witness significant growth over the forecast period owing to rising awareness about health benefits associated with HMRs among housewives, especially in developing countries like India and China where cooking food is considered as an art form and not just a simple procedure for preparing food.
The dual income household application segment was valued at USD 575 million in 2017 owing to growing awareness about nutrition deficiency among working professionals coupled with hectic work schedules that prevent them from eating regular meals, thus driving their demand for home meal replacement products like ready-to-eat (RTE) meals or frozen foods that can be cooked easily without spending too much time in the kitchen.
Regional Analysis:
North America dominated the global market in 2017. The region is expected to maintain its position during the forecast period. This can be attributed to increasing awareness regarding meal replacement products, growing geriatric population, and rising health concerns among consumers.
Asia Pacific is anticipated to witness significant growth over the forecast period owing to changing lifestyles of people coupled with busy working lifestyle resulting into stress on family meals and social occasions which will eventually increase demand for home meal replacements in near future. Moreover, improving economic conditions are also likely boost regional demand for home meal replacements over the next eight years (2030).
Europe was valued at USD X billion in 2017.
Growth Factors:
- Increasing working women population: The number of working women is increasing globally, especially in the developed countries. This has led to a rise in demand for convenient food options that can be easily prepared and consumed. Home meal replacement (HMR) products fit this requirement perfectly and are hence witnessing rising demand from this segment.
- Growing awareness about healthy eating: There is a growing awareness among people about the importance of healthy eating habits. This has led to an increase in demand for healthier food options, such as home meal replacement products. These products offer a healthier alternative to traditional fast food options and are hence gaining popularity among health-conscious consumers.
- Rising disposable income levels: Disposable income levels are rising globally, especially in developing countries such as India and China. This is leading to an increase in spending on convenience foods, including home meal replacement products. HMR providers are thus benefiting from the growth in disposable income levels worldwide.
Scope Of The Report
Report Attributes
Report Details
Report Title
Home Meal Replacement (HMR) Market Research Report
By Type
RTC (Ready to Cook), RTH (Ready to Heat), RTE( Ready to Eat)
By Application
Single-Person Households, Older Citizens, Dual Income Household, Others
By Companies
Nestle, Tyson Foods, Kellogg, General Mills, ConAgra, Unilever, Pinnacle Foods, Dongwon, Shinsegae Food, LEEPACK, Nestle, Wooyang Frozen Foods, Sempio, CJ Cheiljedang Corp., Foodone, Eat East
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
199
Number of Tables & Figures
140
Customization Available
Yes, the report can be customized as per your need.
Global Home Meal Replacement (HMR) Market Report Segments:
The global Home Meal Replacement (HMR) market is segmented on the basis of:
Types
RTC (Ready to Cook), RTH (Ready to Heat), RTE( Ready to Eat)
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
Single-Person Households, Older Citizens, Dual Income Household, 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:
- Nestle
- Tyson Foods
- Kellogg
- General Mills
- ConAgra
- Unilever
- Pinnacle Foods
- Dongwon
- Shinsegae Food
- LEEPACK
- Nestle
- Wooyang Frozen Foods
- Sempio
- CJ Cheiljedang Corp.
- Foodone
- Eat East
 Market Overview.svg)
Highlights of The Home Meal Replacement (HMR) 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:
- RTC (Ready to Cook)
- RTH (Ready to Heat)
- RTE( Ready to Eat)
- By Application:
- Single-Person Households
- Older Citizens
- Dual Income Household
- 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 Home Meal Replacement (HMR) 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
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
 Market Statistics.svg)
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?
Home Meal Replacement is a dietary supplement that provides all the nutrients and calories needed to replace meals. It is typically taken in the form of shakes, bars, or soups.
Some of the major players in the home meal replacement (hmr) market are Nestle, Tyson Foods, Kellogg, General Mills, ConAgra, Unilever, Pinnacle Foods, Dongwon, Shinsegae Food, LEEPACK, Nestle, Wooyang Frozen Foods, Sempio, CJ Cheiljedang Corp., Foodone, Eat East.
The home meal replacement (hmr) market is expected to register a CAGR of 7.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Home Meal Replacement (HMR) 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 Home Meal Replacement (HMR) Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Home Meal Replacement (HMR) 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 Home Meal Replacement (HMR) 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 Home Meal Replacement (HMR) Market Size & Forecast, 2020-2028
4.5.1 Home Meal Replacement (HMR) Market Size and Y-o-Y Growth
4.5.2 Home Meal Replacement (HMR) Market Absolute $ Opportunity
Chapter 5 Global 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 Market Size Forecast by Type
5.2.1 RTC (Ready to Cook)
5.2.2 RTH (Ready to Heat)
5.2.3 RTE( Ready to Eat)
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global 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 Market Size Forecast by Applications
6.2.1 Single-Person Households
6.2.2 Older Citizens
6.2.3 Dual Income Household
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Home Meal Replacement (HMR) 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 Home Meal Replacement (HMR) 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 Analysis and Forecast
9.1 Introduction
9.2 North America 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 Market Size Forecast by Type
9.6.1 RTC (Ready to Cook)
9.6.2 RTH (Ready to Heat)
9.6.3 RTE( Ready to Eat)
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 Market Size Forecast by Applications
9.10.1 Single-Person Households
9.10.2 Older Citizens
9.10.3 Dual Income Household
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 Analysis and Forecast
10.1 Introduction
10.2 Europe 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 Market Size Forecast by Type
10.6.1 RTC (Ready to Cook)
10.6.2 RTH (Ready to Heat)
10.6.3 RTE( Ready to Eat)
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 Market Size Forecast by Applications
10.10.1 Single-Person Households
10.10.2 Older Citizens
10.10.3 Dual Income Household
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 Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific 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 Market Size Forecast by Type
11.6.1 RTC (Ready to Cook)
11.6.2 RTH (Ready to Heat)
11.6.3 RTE( Ready to Eat)
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 Market Size Forecast by Applications
11.10.1 Single-Person Households
11.10.2 Older Citizens
11.10.3 Dual Income Household
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 Analysis and Forecast
12.1 Introduction
12.2 Latin America 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 Market Size Forecast by Type
12.6.1 RTC (Ready to Cook)
12.6.2 RTH (Ready to Heat)
12.6.3 RTE( Ready to Eat)
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 Market Size Forecast by Applications
12.10.1 Single-Person Households
12.10.2 Older Citizens
12.10.3 Dual Income Household
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) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) 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) Market Size Forecast by Type
13.6.1 RTC (Ready to Cook)
13.6.2 RTH (Ready to Heat)
13.6.3 RTE( Ready to Eat)
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) Market Size Forecast by Applications
13.10.1 Single-Person Households
13.10.2 Older Citizens
13.10.3 Dual Income Household
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 Home Meal Replacement (HMR) Market: Competitive Dashboard
14.2 Global Home Meal Replacement (HMR) Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Nestle
14.3.2 Tyson Foods
14.3.3 Kellogg
14.3.4 General Mills
14.3.5 ConAgra
14.3.6 Unilever
14.3.7 Pinnacle Foods
14.3.8 Dongwon
14.3.9 Shinsegae Food
14.3.10 LEEPACK
14.3.11 Nestle
14.3.12 Wooyang Frozen Foods
14.3.13 Sempio
14.3.14 CJ Cheiljedang Corp.
14.3.15 Foodone
14.3.16 Eat East
