The Meal Replacement market size is projected to reach a CAGR of 5.5% from 2021 to 2028.
Meal replacement is a substitute for a solid food and is used to replace and control the calorie intake and nutrition. Meal replacement items so used are drinks, bar and soup. These are cheaper than the solid food and are medically prescribed vitamin and minerals.
The increasing incidents and cases of obesity and diabetes amongst the population along with the lifestyle changes are some of the factors that have supported long-term expansion for Meal Replacement Market.
COVID-19 had an effect on the CMM market, eating healthy and working on self-immunity has gain popularity and thus the sales in the sector has increased during the pandemic.
North America is the most rapidly growing market and offers a huge opportunity for the industry, whose growth is driven by the presence of local players in the region.
Insights are provided for each region and major countries within the regions
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Report Feature |
Descriptions |
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Growth Rate |
CAGR of 5.5% during the forecasting period, 2021-2028 |
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Historical Data |
2018-2019 |
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Forecast Years |
2021-2028 |
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Base Year |
2020 |
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Units Considered |
Revenue in USD billion and CAGR from 2021 to 2028 |
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Report Segmentation |
Product type, distribution channel and region. |
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Report Attribute |
Market Revenue Sizing (Global, Regional and Country Level) Company Share Analysis, Market Dynamics, Company Profiling |
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Regional Level Scope |
North America, Europe, Asia-Pacific, South America, and Middle East and Africa |
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Country Level Scope |
U.S., Japan, Germany, U.K., China, India, Brazil, UAE, South Africa (50+ Countries Across the Globe) |
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Companies Profiled |
Abbott Laboratories, Glanbia, Amway, Herbalife Nutrition, Nestle, Atkins, Huel, Kellogg Co., Skin Enterprises Inc. and USANA Health Sciences Inc. |
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Available Customization |
In addition to the market data for Meal Replacement s Market, Delvens offers client-centric report and customized according to the company’s specific demand and requirement. |
Meal Replacement Market is segmented into product type, distribution channel and region.
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