Industry Background:
A meal replacement powder is refer as the product which is the substitutes for the solid food meal, these are the substances which consist of several ingredients such as proteins, vitamins & minerals and other nutritious items which are effective for better health conditions. The powder can be consume in the form of shake and in other way, it has controlled quantities of calories and nutrients. These are preferred by athletes, or by those trying to lose weight or as a snack during long meetings in the office. The rising number of obese people worldwide and changing dietary patterns is fueling demand for meal replacement powder options that have high nutritional value.
According to AMA Research, the market for Meal Replacement Powder is expected to register a CAGR of 5.5% during the forecast period to 2030. This growth is primarily driven by Increasing Urbanization and Changing Lifestyle across the World
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Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Forecast Period | 2024-2030 |
Volume Unit | K Unit |
Value Unit | USD (Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
The Food Products sector in the
region has been increasing at a sustainable rate and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Vendors, such as Garden of Life (United States), Soylent (United States), Amway (United States), Abbott Laboratories (United States), Glanbia (Ireland), Pfizer (United States), Archer Daniels Midland (United States), Nu Skin Enterprises (United States), OZiva (India) and Herbalife International (United States), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
In June 2020, Faze Clan, a gaming and eSports firm, acquired a stake in meal replacement start-up CTRL. This deal, marks Faze Clan's first co-ownership of another brand.
In June 2021, Arla Food Ingredients launched a new meal replacement concept featuring three solutions for meal replacement products. This concept, is designed to highlight the versatility of the company’s Lacprodan range of whey protein and micellar casein ingredients.The rising number of players expected to enter the global market is predicted to enhance the competition level as well as encourage the growth of the overall market shortly. Players are anticipated to focus on the development of new compounds, which is likely to encourage the growth of the global market throughout the forecast period.
Regulatory Insights:
Directive 2002/46/EC on food supplements envisages the setting of maximum and minimum amounts of vitamins and minerals in supplements via the Standing Committee on Plants, Animals, Food and Feed ( PAFF Committee) procedure.
Influencing Trend:
The Rise in Consumption of Packaged Food
Market Growth Drivers:
Increasing Urbanization and Changing Lifestyle across the World and Rising Alertness among Gym Professional and Athletes towards Calories Reduction
Challenges:
Lack of Awareness about the Meal Replacement Powder and Increasing Counterfeited Product Market
Restraints:
Availability of Alternatives and High-Cost Involvement in Production
Opportunities:
Ease of Buying Due To Availability of Various Distribution Channels and Increasing Obesity Cases Encouraging People to Opt For Healthy Fast Foods
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mainly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Vendors landscape impacting the market's growth. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Data Sources of Meal Replacement Powder Market Study
Primary Collection: InMail, LinkedIn Groups, Survey Monkey, Google, and Other professional Forums are some of the mediums utilized to gather primary data through key industry participants and appointees, subject-matter experts, C-level executives of Meal Replacement Powder Industry, among others including independent industry consultants, experts, to obtain and verify critical qualitative commentary and opinion and quantitative statistics, to assess future market prospects.
The primary interviews and data collected as per the below protocols: By Designation: C-Level, D-Level, Others
By Company Type: Tier 1, Tier 2, Tier 3
Secondary Data Sources such as Annual reports, Press releases, Analyst meetings, Conference calls, Investor presentations, Management statements, and SEC filings of Meal Replacement Powder players along with Regulatory Sites, Association, World bank, etc were used as sources secondary set of data.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Meal Replacement Powder Study Sheds Light on
The Meal Replacement Powder Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Meal Replacement Powder industry Vendors. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Meal Replacement Powder industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Vendors can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.