The Meal Replacement Drinks market size was valued at USD 20.13 billion in 2022 and is expected to expand at a CAGR of 7.2% during the forecast period and reach USD 35.11 billion by 2030.
A meal replacement drink is a solid refreshment that is high in supplements, nutrients, and minerals and might be utilized instead of a total supper by offering directed degrees of supplements and calories. The dinner substitution drink does the trick on a singular's appetite by giving day-to-day supplements like proteins, filaments, sugars, and solid fats. Besides, they help to renew a singular's calorie prerequisites, add to safe framework improvement, keep up with body weight, and give significant supplements to the body. They are accessible as prepared to-drink shakes or as a powder that can be blended in with soy milk or milk.
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Notwithstanding, the use of added substances and fake sugars in meal replacement drinks prompts dental issues adversely affecting the supper substitution drinks market development. Buyers search for items that contain normal flavor without compromising the quality.
A disturbing expansion in the predominance of corpulence and diabetes, alongside rising well-being cognizance among buyers, is one of the key elements driving the development of the market. Moreover, developing purchaser mindfulness concerning weight on the board is likewise catalyzing the interest for different dinner substitution items. Attributable to the furious ways of life and occupied plans, purchasers are progressively picking weight the board and diet programs that incorporate simple to-get ready healthful items. This has given a critical lift to the interest for meal replacement items across the globe. Also, different item advancements, for example, the presentation of plant-based and natural meal replacement shakes that are liberated from gluten, fake tones, sugars, and additives are going about as another development initiating factor. Rising dispensable earnings, quick urbanization, forceful limited time exercises by makers, and the improvement of online retail channels are additionally projected to drive the market further.
Market Drivers:
Expanding commonness of weight and diabetes combined with the rising populace of well-being cognizant purchasers.
The rising mindfulness in regards to sound ways of life is projected to drive the worldwide market.
Market Restraints:
Significant expense of meal replacement items
The significant expense of supper substitution
Market Opportunity:
Development of the meal replacement market from arising economies
The development of meal replacement from the increasing weight rates, an expansion in the inactive way of life, and maturing populace
Market Challenges:
Error of protein shakes for meal replacement shakes
The hazy comprehension of dinner substitution shakes and protein shakes
The COVID-19 pandemic disturbed food &beverage supply chains all over the globe. Utilization propensities for customers have changed by the view of the gamble related to COVID-19. Customers’ feeling of dread toward possible food and refreshments deficiencies has energized the accumulating pattern. The storing had prompted an expansion in the interest for food and drink items; notwithstanding, enterprises couldn't fulfill this market need. The inoculation drive and lockdown practices to forestall the spread of the infection all around the world are probably going to help the market development for recapturing its spot in the refreshment area.
Market Estimation:
The powder portion is assessed to overwhelm the market, result type, in 2021. The comfort and simplicity of utilization of dinner substitution powders drive the market development. Supper substitution powders are drunk as shakes with the expansion of water or low-calorie milk. The fast reception of dinner substitution powder as a piece of weight the executives will produce a positive market viewpoint before very long.
By distribution channel, the disconnected portion is assessed to rule the market in 2021 and is expected to keep up with its predominance all through the estimated period. The enormous portion of the disconnected dissemination channel is ascribed to the high conveyance of supper substitution items through hypermarkets and grocery stores.
By Product Type
Shake Premix
By Flavor
Vanilla
Strawberry
Banana
By Sales Channel
Hypermarkets/Supermarkets
Drug Stores & Pharmacies
Convenience Stores
Online Channels
North America
USA
Canada
Mexico
Europe
Germany
UK
France
Italy
Spain
The Netherlands
Rest of Europe
Asia-Pacific
Japan
south Korea
China
India
Australia
Rest of Asia-Pacific
The Middle East & Africa
Israel
UAE
South Africa
Rest of Middle East & Africa
Latin America
Brazil
Argentina
Rest of Latin America
The utilization of dinner substitution is expanding in the Asia Pacific locale because of the expansion in the interest from the well-being cognizant youthful populace across nations like China, Japan, Australia, and India. The rising utilization of in hurry food items, changing dietary inclinations, and expanding effect of western dietary examples have prompted the expanded interest for feast substitution in most emerging nations.
Amway International, IncAbbott Laboratories, Trinkkost GmbH, Perrigo Company, Herbalife International of America, Inc., Nestle S/A, Kellogg Company, Huel Inc., Atkins US., USANA Health Sciences Inc
The meal replacement items market is exceptionally cutthroat, with the top players representing half of the all-out piece of the pie. The makers are expanding their interests in R&D, showcasing, and developing their items, and the extension of their dispersion channels to keep up with their situations on the lookout. In addition, worldwide players, for example, the Simply Good Foods Company and Amway Corp. are zeroing in on utilizing the open doors presented by the arising fragments, similar to sans sugar, veggie-lover, without gluten, sans soy, and non-GMO items.
IncAbbott-Company Financial Analysis
| Report Attributes | Details |
|---|---|
| Market Size in 2022 | US$ 20.13 Billion |
| Market Size by 2030 | US$ 35.11 Billion |
| CAGR | CAGR 7.2% From 2023 to 2030 |
| Base Year | 2022 |
| Forecast Period | 2023-2030 |
| Historical Data | 2020-2021 |
| Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
| Key Segments | • by Product Type (Ready-to-drink and Shake Premix) • by Flavor (Vanilla, Chocolate, Strawberry, Banana, and Others) • by Sales Channel (Hypermarkets/Supermarkets, Drug Stores & Pharmac |
| Regional Analysis/Coverage | North America (USA, Canada, Mexico), Europe (Germany, UK, France, Italy, Spain, Netherlands, Rest of Europe), Asia-Pacific (Japan, South Korea, China, India, Australia, Rest of Asia-Pacific), The Middle East & Africa (Israel, UAE, South Africa, Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America) |
| Company Profiles | Amway International, IncAbbott Laboratories, Trinkkost GmbH, Perrigo Company, Herbalife International of America, Inc., Nestle S/A, Kellogg Company, Huel Inc., Atkins US., USANA Health Sciences Inc |
| Key Drivers | •The rising mindfulness in regards to sound ways of life is projected to drive the worldwide market. |
| Restraints | •Significant expense of meal replacement items. •The significant expense of supper substitution. |
Ans: The Meal Replacement market is segmented into Product Type, Flavor, and Sales Channel.
Ans: Amway International, IncAbbott Laboratories, Trinkkost GmbH, Perrigo Company, Herbalife International of America, Inc., Nestle S/A, Kellogg Company, Huel Inc., Atkins US., USANA Health Sciences Inc. are the key players of Meal Replacement Drinks Market
Ans: North America ruled the dinner supplanting items market. This is credited to the rising interest in efficient choices for normal dinners among common individuals in the region.
Ans: Significant expense of meal replacement items and the significant expense of supper substitution, restrain the market.
Ans: The global meal replacement drinks market size is expected to expand at a CAGR of 7.2% during the forecast period.
Table of Contents
1. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
3.1 Drivers
3.2 Restraints
3.3 Opportunities
3.4 Challenges
4. Impact Analysis
4.1 COVID-19 Impact Analysis
4.2 Impact of Ukraine- Russia war
4.3 Impact of ongoing Recession
4.3.1 Introduction
4.3.2 Impact on major economies
4.3.2.1 US
4.3.2.2 Canada
4.3.2.3 Germany
4.3.2.4 France
4.3.2.5 United Kingdom
4.3.2.6 China
4.3.2.7 Japan
4.3.2.8 South Korea
4.3.2.9 Rest of the World
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8. Meal Replacement Market Segmentation based on Product Type
8.1 Ready-to-drink
8.2 Shake Premi
9. Meal Replacement Market Segmentation based on Flavor
9.1 Vanilla
9.2 Chocolate
9.3 Strawberry
9.4 Banana
10. Meal Replacement Market Segmentation based on Sales Channel
10.1 Hypermarkets/Supermarkets
10.2 Drug Stores & Pharmacies
10.3 Convenience Stores
10.4 Online Channel
11. Regional Analysis
11.1 Introduction
11.2 North America
11.2.1 USA
11.2.2 Canada
11.2.3 Mexico
11.3 Europe
11.3.1 Germany
11.3.2 UK
11.3.3 France
11.3.4 Italy
11.3.5 Spain
11.3.6 The Netherlands
11.3.7 Rest of Europe
11.4 Asia-Pacific
11.4.1 Japan
11.4.2 South Korea
11.4.3 China
11.4.4 India
11.4.5 Australia
11.4.6 Rest of Asia-Pacific
11.5 The Middle East & Africa
11.5.1 Israel
11.5.2 UAE
11.5.3 South Africa
11.5.4 Rest
11.6 Latin America
11.6.1 Brazil
11.6.2 Argentina
11.6.3 Rest of Latin America
12. Company Profiles
12.1 Amway International Inc
12.1.1 Financial
12.1.2 Products/ Services Offered
12.1.3 SWOT Analysis
12.1.4 The SNS view
12.2Abbott Laboratories
12.3Trinkkost GmbH
12.4Perrigo Company
12.5Herbalife International of America, Inc.
12.6Nestle S/A
12.7Kellogg Company
12.8Huel Inc.
12.9Atkins US.
12.10USANA Health Sciences Inc
13. Competitive Landscape
13.1 Competitive Benchmarking
13.2 Market Share analysis
13.3 Recent Developments
14. Conclusio
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