Meal Replacement Products Market Report 2020-2025, Industry Growth, Trends, Share, Size, Top Key Players Analysis and Forecast

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According to the latest report by IMARC Group, titled "Meal Replacement Products Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025", the global meal replacement market reached a strong growth in 2019.

Meal replacement products refer to a well-balanced and pre-packaged meal that offers an alternative to regular meals or snacks. They are a rich source of proteins, carbohydrates and fats, which are often fortified with vitamins, minerals, and other micronutrients. Meal Replacement Products Market Report by Application (Weight Gain, Weight Loss, Physical Fitness, Wound Healing, and Others), Product Type (Ready-to-Drink Products, Edible Bars, Powdered Products, Others), Distribution Channel (Hypermarkets and Supermarkets, Convenience Stores, Specialty Stores, Online Stores, Others), Key Players and Region - Global Industry Outlook to 2025.

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Market Trends

Meal replacement products play a vital role in weight management programs wherein they are utilized as a suitable replacement for unhealthy or high-calorie products while also acting as a metabolic medicine. The rising health-consciousness is acting as another major growth-inducing factor. Furthermore, hectic and busy lifestyles of consumers have compelled them to increasingly opt for easy-to-prepare nutritional products, such as meal replacement products. Moreover, the leading companies are manufacturing different variants for providing a more balanced ratio of essential nutrients to satisfy the needs of the physically impaired, athletes and outdoor enthusiasts. They have also introduced plant-based and organic meal replacement shakes or bars that are gluten-free and do not contain artificial colors, sweeteners and preservatives. This, coupled with the increasing demand for convenience foods, is expected to further create a positive outlook for the market in the coming years.

Market Segmentation:

Breakup by Product Type:

  • Ready-to-Drink Products
  • Edible Bars
  • Powdered Products
  • Others

Breakup by Distribution Channel:

  • Hypermarkets and Supermarkets
  • Convenience Stores
  • Specialty Stores
  • Online Stores
  • Others

Breakup by Application:

  • Weight Gain
  • Weight Loss
  • Physical Fitness
  • Wound Healing
  • Others

Breakup by Region:

  • North America (United States, Canada)
  • Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
  • Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
  • Latin America (Brazil, Mexico, Others)
  • Middle East and Africa

Competitive Landscape with Key Players:

  • Abbott Laboratories (NYSE: ABT)
  • Blue Diamond Global Ingredients Division
  • Bob’s Red Mill Natural Foods
  • General Mills
  • Glanbia Plc
  • Healthy ‘N Fit International Inc.
  • Herbalife International of America Inc. Company
  • Nestle SA
  • Nutrisystem Inc.
  • Unilever Plc
  • Ksf Acquisition Corporation

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As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.

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About Us

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The post Meal Replacement Products Market Report 2020-2025, Industry Growth, Trends, Share, Size, Top Key Players Analysis and Forecast appeared first on Super Market Research.

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