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Meal Replacement Products Market To Represent 6.5% CAGR By 2025 – Products Variables, Distribution Channel Analysis And Investment Outlook Study | Million Insights

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Meal Replacement Products Market To Represent 6.5% CAGR By 2025 – Products Variables, Distribution Channel Analysis And Investment Outlook Study | Million Insights

October 07
06:21 2020
Meal Replacement Products Market To Represent 6.5% CAGR By 2025 - Products Variables, Distribution Channel Analysis And Investment Outlook Study | Million Insights

Million Insights – World’s Fastest Growing Market Research Database
According to new report available with Million Insights, the global meal replacement products industry research report offers complete analysis of growth driver, application and financial performance of performing players. This enables numerous opportunities for the market players to invest in research and development.

The global meal replacement products market size is projected to touch USD 25.02 billion by the end of 2025, according to a new report released by Million Insights. It is estimated to grow at a CAGR of 6.5% over the forecast period. The market growth is attributed to growing health-conscious customers and increasing prevalence of diseases such as high blood pressure, obesity and diabetes. Customers are also demanding weight management products resulting in augmenting the demand for the product.

Meal replacement powder dominated the market owing to its growing demand among fitness enthusiasts in the developed nations such as Europe and North America. Easy handling and storage of this product are projected to further boost the demand. The manufactures are focusing on increasing the production of ready-to-drink products due to the growing acceptance of various energy drinks.

To download the sample PDF of “Meal Replacement Products Market” Report please click here: https://www.millioninsights.com/industry-reports/global-meal-replacement-products-market/request-sample 

 

The offline channel led the meal replacement products market in 2018 owing to the presence of leading players in nations such as Germany and the U.S. This segment held over 90% of the share in the market in 2018. On the other hand, the online sales channel is expected to register a significant growth rate over the forecast period. The market growth is attributed to the growing penetration of the internet and the use of many digital marketing strategies by the leading players. 

North America was the largest regional market in 2018 owing to the high prevalence of diabetics and associated disorders. Growing working-class population and their preference for easy to cook food items are expected to boost the product demand. The demand is further driven by stringent regulations imposed by the FDA on food nutrition. Asia Pacific is projected to grow significantly in the upcoming years. Millennials are the leading consumers of this product in developing nations such as India and China. 

Key players are adopting various strategic initiatives such as M&A, product innovation and business expansion to strengthen their dominance in the market. For instance, Soylent entered into a contract with Walmart in 2019. According to the contract, Soylent will sell five of its RTD drinks in 4378 Walmart outlets across the U.S. 

To browse report summary & detailed TOC, please click the link below:
https://www.millioninsights.com/industry-reports/global-meal-replacement-products-market 

 

Further key findings from the report suggest:

• Protein bar is expected to expand at a CAGR of 6.9% over the forecast period.

• Ready-to-drink product segment is projected to grow significantly from 2019 to 2025 on account of the growing beverage industry.

• Offline channel led the market with over90% market share in 2018.

• Leading companies in this industry include Soylent, Kellogg, Herbalife, General Mills, Abbott Nutrition, Glanbia, Herbalife, Blue Diamond Growers, Unilever and SlimFast.

Million Insights has segmented the global meal replacement products market on the basis of product, distribution channel, and region:

Meal Replacement Products Outlook (Revenue, USD Million, 2015 – 2025)
    • Powder
    • Ready-to-Drink
    • Protein Bar

Meal Replacement Products Distribution Channel Outlook (Revenue, USD Million, 2015 – 2025)
    • Online
    • Offline

Meal Replacement Products Regional Outlook (Revenue, USD Million, 2015 – 2025)
    • North America
        • U.S.
    • Europe
        • Germany
    • Asia Pacific
        • China
    • Central & South America
        • Brazil
    • Middle East & Africa (MEA)
        • South Africa

Browse latest market research reports available with Million Insights:

• B2C E-commerce Market: The global B2C e-commerce market size was accounted for USD 3.35 trillion in 2019. It is projected to grow at a CAGR of 7.9% over the forecasted period, 2020 to 2027.

• Self-service Technology Market: The global self-service technology market size was accounted for USD 28.3 billion in 2019. Further, is estimated to expand at 6.7% CAGR over the forecast period, 2020 to 2027.

About Million Insights

Million Insights, is a distributor of market research reports, published by premium publishers only. We have a comprehensive marketplace that will enable you to compare data points, before you make a purchase. Enabling informed buying is our motto and we strive hard to ensure that our clients get to browse through multiple samples, prior to an investment. Service flexibility & the fastest response time are two pillars, on which our business model is founded. Our market research report store includes in-depth reports, from across various industry verticals, such as healthcare, technology, chemicals, food & beverages, consumer goods, material science & automotive.

Media Contact
Company Name: Million Insights
Contact Person: Ryan Manuel
Email: Send Email
Phone: 91-20-65300184
Address:Office No. 302, 3rd Floor, Manikchand Galleria, Model Colony, Shivaji Nagar
City: Pune
State: Maharashtra
Country: India
Website: https://www.millioninsights.com/industry-reports/global-meal-replacement-products-market


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