Market Overview:
The global meal replacement powder 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 health and fitness, rising disposable income, and growing demand for convenience foods. The market is segmented on the basis of type (organic and conventional), application (retail stores and online sales), and region (North America, Latin America, Europe, Asia Pacific, Middle East & Africa). Among these segments, the organic meal replacement powder segment is projected to grow at a higher CAGR than the conventional meal replacement powder segment during the forecast period. This growth can be attributed to factors such as increasing consumer preference for organic food products due to their health benefits and rising awareness about environmental sustainability. The North American region dominates the global meal replacement powder market in terms of revenue share followed by Europe.
Product Definition:
Meal Replacement Powder is a type of food that is meant to replace a full meal. It is often made from powdered milk, soy protein, and other nutrients. Meal replacement powders can be used to lose weight or to manage diabetes.
Organic:
Organic products are those that are grown, manufactured or processed without the use of harmful chemicals such as pesticides, herbicides or fertilizers. Organic food is produced with the help of organic methods i.e., production with no chemical additives and minimum intervention from farmers and manufacturers. The majority of consumers prefer organic foods due to increasing awareness regarding health issues along with rising concerns over genetically modified organisms (GMO) content in regular food items.
Conventional:
Conventional is a form of low-calorie sweetener that has been used for many years. It can be found in two forms: as a white powder and as an amorphous solid. As a food additive, it has been approved by the FDA under the name “erythritol” since 21 CFR 172.480 ( Recreational Foods; Food Stuffs; Ingredients).
Application Insights:
The retail stores application segment accounted for the largest market share in 2017 and is projected to continue its dominance over the forecast period. This can be attributed to growing consumer awareness regarding calorie intake reduction, increasing health concerns regarding proper nutrition and changing lifestyles. Increasing number of fitness centers, gymnasiums and personal trainers across the globe has also positively influenced meal replacement powder sales in this segment.
Online sales are expected to expand at a significant CAGR of XX% from 2018 to 2030 owing to rising e-commerce penetration, especially in developing countries such as India, China Japan etc. where consumers prefer convenience products over others. Moreover, manufacturers are introducing new product formulations that are more convenient for consumers including those who have hectic work schedules or live far away from food production areas like Central & South America etc., which is further anticipated to propel online sales growth during the forecast period (2018 - 2030).
Regional Analysis:
North America was the largest market for meal replacement powders, accounting for more than 35.0% of global revenue in 2017. The region is expected to maintain its dominance over the forecast period as well due to increasing awareness about a healthy diet and lifestyle among people, rising consumer preference for ready-to-drink beverages such as protein shakes and smoothies, growing concerns regarding weight management, along with high disposable income of consumers.
Asia Pacific is anticipated to be one of the fastest growing regions during the forecast period owing to changing eating habits and lifestyles in emerging economies including China and India.
Growth Factors:
- Increasing awareness about the benefits of Meal Replacement Powder among consumers.
- Rising disposable income of consumers, which enables them to afford Meal Replacement Powder products.
- Growing demand for healthy and nutritious food products among health-conscious consumers.
- Proliferation of online retail channels, which offer a wide range of Meal Replacement Powder products at competitive prices.
- increasing trend of fitness and wellness, which has led to an increase in the demand for healthy food supplements such as Meal Replacement Powders
Scope Of The Report
Report Attributes
Report Details
Report Title
Meal Replacement Powder Market Research Report
By Type
Organic, Conventional
By Application
Retail Stores, Online Sales
By Companies
Abbott, Herbalife, Kellogg, Nestle, SlimFast, Glanbia, GlaxoSmithKline, Nature's Bounty, Nutiva, Onnit Labs, Orgain, Ultimate Superfoods, Garden of Life, Optimum Nutrition, Labrada Nutrition, Fit & Lean
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
153
Number of Tables & Figures
108
Customization Available
Yes, the report can be customized as per your need.
Global Meal Replacement Powder Market Report Segments:
The global Meal Replacement Powder market is segmented on the basis of:
Types
Organic, Conventional
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
Retail Stores, Online Sales
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
- Herbalife
- Kellogg
- Nestle
- SlimFast
- Glanbia
- GlaxoSmithKline
- Nature's Bounty
- Nutiva
- Onnit Labs
- Orgain
- Ultimate Superfoods
- Garden of Life
- Optimum Nutrition
- Labrada Nutrition
- Fit & Lean
Highlights of The Meal Replacement Powder 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:
- Organic
- Conventional
- By Application:
- Retail Stores
- Online Sales
- 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 Powder 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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- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
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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?
Meal replacement powders are a type of supplement that are designed to provide all the nutrients and calories that a person might need in order to maintain their weight or lose weight. They can be used as an alternative to regular meals, or as part of a diet plan. Meal replacement powders typically contain ingredients such as protein, carbohydrates, vitamins, minerals and fiber.
Some of the major players in the meal replacement powder market are Abbott, Herbalife, Kellogg, Nestle, SlimFast, Glanbia, GlaxoSmithKline, Nature's Bounty, Nutiva, Onnit Labs, Orgain, Ultimate Superfoods, Garden of Life, Optimum Nutrition, Labrada Nutrition, Fit & Lean.
The meal replacement powder 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 Meal Replacement Powder 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 Powder Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Meal Replacement Powder 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 Powder 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 Powder Market Size & Forecast, 2018-2028
4.5.1 Meal Replacement Powder Market Size and Y-o-Y Growth
4.5.2 Meal Replacement Powder Market Absolute $ Opportunity
Chapter 5 Global Meal Replacement Powder 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 Powder Market Size Forecast by Type
5.2.1 Organic
5.2.2 Conventional
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Meal Replacement Powder 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 Powder Market Size Forecast by Applications
6.2.1 Retail Stores
6.2.2 Online Sales
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Meal Replacement Powder 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 Powder 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 Powder Analysis and Forecast
9.1 Introduction
9.2 North America Meal Replacement Powder 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 Powder Market Size Forecast by Type
9.6.1 Organic
9.6.2 Conventional
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 Powder Market Size Forecast by Applications
9.10.1 Retail Stores
9.10.2 Online Sales
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 Powder Analysis and Forecast
10.1 Introduction
10.2 Europe Meal Replacement Powder 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 Powder Market Size Forecast by Type
10.6.1 Organic
10.6.2 Conventional
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 Powder Market Size Forecast by Applications
10.10.1 Retail Stores
10.10.2 Online Sales
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 Powder Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Meal Replacement Powder 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 Powder Market Size Forecast by Type
11.6.1 Organic
11.6.2 Conventional
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 Powder Market Size Forecast by Applications
11.10.1 Retail Stores
11.10.2 Online Sales
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 Powder Analysis and Forecast
12.1 Introduction
12.2 Latin America Meal Replacement Powder 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 Powder Market Size Forecast by Type
12.6.1 Organic
12.6.2 Conventional
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 Powder Market Size Forecast by Applications
12.10.1 Retail Stores
12.10.2 Online Sales
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 Powder Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Meal Replacement Powder 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 Powder Market Size Forecast by Type
13.6.1 Organic
13.6.2 Conventional
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 Powder Market Size Forecast by Applications
13.10.1 Retail Stores
13.10.2 Online Sales
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 Powder Market: Competitive Dashboard
14.2 Global Meal Replacement Powder Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Abbott
14.3.2 Herbalife
14.3.3 Kellogg
14.3.4 Nestle
14.3.5 SlimFast
14.3.6 Glanbia
14.3.7 GlaxoSmithKline
14.3.8 Nature's Bounty
14.3.9 Nutiva
14.3.10 Onnit Labs
14.3.11 Orgain
14.3.12 Ultimate Superfoods
14.3.13 Garden of Life
14.3.14 Optimum Nutrition
14.3.15 Labrada Nutrition
14.3.16 Fit & Lean
