A new Report by Delvens, titled "Meal Replacement Market” offers a comprehensive analysis of the industry, which comprises insights on the Global analysis. The report also includes competitor and regional analysis, and contemporary advancements in the market.
The Meal Replacement market size is projected to reach a CAGR of 5.5% to 2028.
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Meal replacement is a substitute for a solid food and is used to replace and control the calorie intake and nutrition. Meal replacement items so used are drinks, bar and soup. These are cheaper than the solid food and are medically prescribed vitamin and minerals.
The increasing incidents and cases of obesity and diabetes amongst the population along with the lifestyle changes are some of the factors that have supported long-term expansion for Meal Replacement Market.
Regional Analysis
North America is the most rapidly growing market and offers a huge opportunity for the industry, whose growth is driven by the presence of local players in the region.
Key Players
· Abbott Laboratories
· Glanbia
· Amway
· Herbalife Nutrition
· Nestle
· Atkins
· Huel
· Kellogg Co.
· Skin Enterprises Inc.
· USANA Health Sciences Inc. and More
Meal Replacement Market is segmented into product type, distribution channel and region.
On the basis of Products
· Powder
· Ready-to-drink
· Bars
· Other product types (cookies, soups, and smoothies)
On the basis of Distribution Channel
· Offline
· Hypermarkets & supermarkets
· Convenience stores
· Specialty stores
· Other offline distribution channels (department stores, local shops, discount stores, among others
· Online
On the basis of Region
· Asia Pacific
· North America
· Europe
· South America
· Middle East & Africa
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In addition to the market data for Meal Replacement s Market, Delvens offers client-centric report and customized according to the company’s specific demand and requirement.
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