Lucintel Forecasts the Global Meal Replacement Product Market is expected to grow with a CAGR of 6.3% from 2024 to 2030
Lucintel Forecasts the Global Meal Replacement Product Market is expected to grow with a CAGR of 6.3% from 2024 to 2030
Blog Article
According to a market report by Lucintel, the future of the global meal replacement product market looks promising with opportunities in the online and offline markets. The global meal replacement product market is expected to grow with a CAGR of 6.3% from 2024 to 2030. The major drivers for this market are growing demand for tasty, high-quality, and healthy food products, rising consumer knowledge of ingredients and nutrition as a result of the clean label movement, along with the increasing awareness of the importance of nutrition and wellness.
A more than 150 – page report is developed to understand Trends, opportunity and forecast in meal replacement product market to 2030 by product (powder, ready to drink, and protein bar), distribution channel (online and offline), and region (North America, Europe, Asia Pacific, and the Rest of the World).
In this market, powder, ready to drink, and protein bar are the major segments of meal replacement product market by product. Lucintel forecasts that powder will remain the largest segment over the forecast period due to quick lifestyle and convenient powder product storage.
Within this market, offline will remain the largest segment due to vast offline global manufacturer distribution network and meal replacement product sales.
Download sample by clicking on meal replacement product market
North America will remain the largest region over the forecast period because majority of people who care about their health being present, as well as the rising rates of obesity, diabetes, cardiovascular disease, high blood pressure, and high cholesterol.
Kellogg, Abbott Nutrition, Herbalife, and Unilever are the major suppliers in the meal replacement product market.
This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or write us at helpdesk@lucintel.com
About Lucintel
At Lucintel, we offer solutions for you growth through game changer ideas and robust market & unmet needs analysis. We are based in Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20 years. We are quoted in several publications like the Wall Street Journal, ZACKS, and the Financial Times.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. +1 972.636.5056
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