Market Overview:
The global meal-replacement drink market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth in the market can be attributed to the increasing awareness about healthy eating habits and rising demand for convenience foods. In addition, the growing number of working women and busy lifestyles are also contributing to the growth of this market. The global meal-replacement drink market is segmented on the basis of type, application, and region. On the basis of type, it is divided into ordinary and organic meal-replacement drinks. Ordinary meal replacement drinks are those that do not contain any organic ingredients while organic meal replacement drinks contain all or some organic ingredients. On the basis of application, it is segmented into hospitals, nursing homes, and home care settings. Geographically, it is analyzed across North America (U S., Canada), Latin America (Mexico Brazil), Europe (Germany U K., France Italy Spain), Asia Pacific (China India Japan Australia South Korea New Zealand) Middle East & Africa(South Africa Saudi Arabia UAE).
Product Definition:
A meal-replacement drink, such as Weight Watchers' Smart Ones shakes or SlimFast, is a low-calorie beverage that you can use to replace one or two meals per day. Meal-replacement drinks are important because they can help you lose weight and maintain your weight loss.
Ordinary:
It is a form of low-calorie sweetener that has the ability to replace sugar in food and beverages. It can be used as an alternative for people who are allergic to honey, lactose intolerant, or those trying to lose weight. It is also being studied as a potential aid for diabetes management due to its ability to reduce blood glucose levels.
Organic:
Meal-replacement drinks are gaining popularity among fitness enthusiasts and obese people. These drinks are replacing solid food in the diet of consumers, who seek to lose weight. The market is driven by factors such as increasing health awareness, changing lifestyle of consumers, growing aging population seeking solutions for obesity and increased focus on overall wellbeing.
Application Insights:
The meal-replacement drink is widely used in hospital, nursing home and home care applications. In 2017, the hospital application segment dominated the market with a revenue share of over 60%. This can be attributed to an increase in geriatric population that requires constant monitoring and attention. Moreover, increasing number of chronic diseases such as cardiovascular diseases and cancer has created a demand for nutritional supplements that help improve nutrition absorption from food. These factors are expected to drive the market growth over the forecast period.
Meal replacement drinks are also used by athletes & sportsmen before or after training or competitions for refueling their bodies with essential nutrients required to perform at optimum levels during training or competition time. The growing popularity of sport nutrition among athletes & sportsmen is anticipated to create new opportunities for manufacturers over the forecast period (2017 - 2030).
Regional Analysis:
North America dominated the global market in 2017 owing to high demand for meal-replacement drinks from healthcare professionals and consumers. The region is expected to maintain its dominance over the forecast period due to increasing awareness about these products, coupled with growing consumer preference for organic options.
Asia Pacific is anticipated to be one of the fastest-growing markets during the forecast period owing to rising geriatric population and improving lifestyle habits among working millennials. Moreover, an increase in disposable income levels will also contribute toward regional growth over the next few years. Europe also has a significant presence in this industry as many companies have started manufacturing their products using only natural ingredients rather than synthetic ones, which makes it more healthful for consumers as well as manufacturers’ profit margins.
The key players operating in this market are Abbott; Nestl©; Danone SPC; General Mills Inc.; Kellogg Co.
Growth Factors:
- Increasing awareness about the benefits of meal-replacement drinks for weight loss and health.
- Rising demand from young adults and millennials for healthy, convenient, and affordable food options.
- Growing popularity of plant-based meal-replacement drinks as a healthier alternative to traditional dairy-based shakes.
- Proliferation of online retailers that offer a wide variety of meal-replacement drink brands and flavors to choose from.
Scope Of The Report
Report Attributes
Report Details
Report Title
Meal-Replacement Drink Market Research Report
By Type
Ordinary, Organic
By Application
Hospital, Nursing Home, Home Care
By Companies
Orgain, EAS, Vega, Svelte, Abbott, IdealShake, Orgain
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
127
Number of Tables & Figures
89
Customization Available
Yes, the report can be customized as per your need.
Global Meal-Replacement Drink Market Report Segments:
The global Meal-Replacement Drink market is segmented on the basis of:
Types
Ordinary, Organic
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
Hospital, Nursing Home, Home Care
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:
- Orgain
- EAS
- Vega
- Svelte
- Abbott
- IdealShake
- Orgain
Highlights of The Meal-Replacement Drink 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:
- Ordinary
- Organic
- By Application:
- Hospital
- Nursing Home
- Home Care
- 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 Meal-Replacement Drink 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:
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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 meal-replacement drink is a beverage that provides the same nutritional benefits as food, but without the calories. They are typically made with soy or almond milk, fruit, and natural sweeteners like honey or maple syrup.
Some of the major companies in the meal-replacement drink market are Orgain, EAS, Vega, Svelte, Abbott, IdealShake, Orgain.
The meal-replacement drink market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Meal-Replacement Drink 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 Meal-Replacement Drink Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Meal-Replacement Drink 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 Meal-Replacement Drink 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 Meal-Replacement Drink Market Size & Forecast, 2018-2028
4.5.1 Meal-Replacement Drink Market Size and Y-o-Y Growth
4.5.2 Meal-Replacement Drink Market Absolute $ Opportunity
Chapter 5 Global Meal-Replacement Drink 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 Meal-Replacement Drink Market Size Forecast by Type
5.2.1 Ordinary
5.2.2 Organic
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Meal-Replacement Drink 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 Meal-Replacement Drink Market Size Forecast by Applications
6.2.1 Hospital
6.2.2 Nursing Home
6.2.3 Home Care
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Meal-Replacement Drink 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 Meal-Replacement Drink 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 Meal-Replacement Drink Analysis and Forecast
9.1 Introduction
9.2 North America Meal-Replacement Drink 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 Meal-Replacement Drink Market Size Forecast by Type
9.6.1 Ordinary
9.6.2 Organic
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 Meal-Replacement Drink Market Size Forecast by Applications
9.10.1 Hospital
9.10.2 Nursing Home
9.10.3 Home Care
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 Meal-Replacement Drink Analysis and Forecast
10.1 Introduction
10.2 Europe Meal-Replacement Drink 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 Meal-Replacement Drink Market Size Forecast by Type
10.6.1 Ordinary
10.6.2 Organic
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 Meal-Replacement Drink Market Size Forecast by Applications
10.10.1 Hospital
10.10.2 Nursing Home
10.10.3 Home Care
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 Meal-Replacement Drink Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Meal-Replacement Drink 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 Meal-Replacement Drink Market Size Forecast by Type
11.6.1 Ordinary
11.6.2 Organic
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 Meal-Replacement Drink Market Size Forecast by Applications
11.10.1 Hospital
11.10.2 Nursing Home
11.10.3 Home Care
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 Meal-Replacement Drink Analysis and Forecast
12.1 Introduction
12.2 Latin America Meal-Replacement Drink 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 Meal-Replacement Drink Market Size Forecast by Type
12.6.1 Ordinary
12.6.2 Organic
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 Meal-Replacement Drink Market Size Forecast by Applications
12.10.1 Hospital
12.10.2 Nursing Home
12.10.3 Home Care
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) Meal-Replacement Drink Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Meal-Replacement Drink 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) Meal-Replacement Drink Market Size Forecast by Type
13.6.1 Ordinary
13.6.2 Organic
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) Meal-Replacement Drink Market Size Forecast by Applications
13.10.1 Hospital
13.10.2 Nursing Home
13.10.3 Home Care
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 Meal-Replacement Drink Market: Competitive Dashboard
14.2 Global Meal-Replacement Drink Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Orgain
14.3.2 EAS
14.3.3 Vega
14.3.4 Svelte
14.3.5 Abbott
14.3.6 IdealShake
14.3.7 Orgain
