About Home Meal Replacement
Home meal replacements are nutritious frozen meals that are flash-frozen, without any additives. These foods are fully or partially prepared appear to solve increasing consumer needs due to lack of time, lack of skill, and lack of desire to prepare food. These meals are suitable for diabetics, and those requiring low-salt or low-fat diets.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 7.0% |
Global Home Meal Replacement is a fragmented market due to the presence of various players. The players are focusing on investing more in Launching Products. These will enhance their market presence. The companies are also planning strategic activities like partnerships, mergers, and acquisitions which will help them to sustain in the market and maintain their competitive edge. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Sempio Foods (South Korea), LEEPACK (South Korea), Conagra Brands (United States), Tyson Foods (United States), Foodone (United States), Unilever (United Kingdom), Nestlé (Switzerland), OURHOME (South Korea), Eat East (Italy) and Dongwon Industries (South Korea) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Home Meal Replacement market by Type (Homemade Soup, Desserts and Others), Application (Weight Gain or Loss, Boost Energy and Others) and Region.
On the basis of geography, the market of Home Meal Replacement has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Packaging Type, the sub-segment i.e. Container Pack will boost the Home Meal Replacement market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Distribution, the sub-segment i.e. HMR Programs will boost the Home Meal Replacement market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Consumer Preference towards Healthy Dietary Plans and Need to Boost Immunity
Market Growth Drivers:
Increasing Number of Working Women’s and Rising Demand for Nutritious Products
Restraints:
Living Solely on Home Meal Replacement can cause Health Hazards
Opportunities:
The surging Adoption of Home Meal Replacement owing to easy cooking can create Opportunities for Market Growth.
Market Leaders and their expansionary development strategies
In 2020, Nestlé has acquired Freshly, the leader in fresh-prepared meal-delivery services. The addition of Freshly helps to accelerate Nestlé’s abilities to capitalize on the new realities in a global food market.
In June 2021, Arla Food Ingredients launched a new meal replacement concept featuring three solutions for meal replacement products, highlighting the versatility of their Lacprodan range of whey protein and micellar casein ingredients.
Key Target Audience
Home Meal Replacement Manufacturers, Home Meal Replacement Suppliers and Distributors, Regulatory Bodies, Potential Investors, Research and Development Institutes and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.