Adult meal replacement products are food products that are primarily designed to mimic the nutritional profile of real food as much as possible with the right mixture of healthy calories, fats, carbohydrates and protein. The adult meal replacement market is shifting towards mature and diversify business models, and new entrants into the market space are opening up opportunities for paleo, keto and vegan meal replacement products. Moreover, due to the emerging concept for fitness support or digestive health, demand for plant-based and non-dairy meal replacement products is continuously increasing. As per the statistics by U.S. based Plant Based Foods Association, the demand for plant-based food products grew by over 20% during the year 2020-2020.
MARKET DYNAMICS
Adult Meal Replacement market is driving due to factors such as rising incidence of lifestyle disorders such as diabetes and obesity, the changing in consumer lifestyles and hectic schedules and growing demand for gaining muscle mass, losing weight. However, factors such as, limited awareness and high cost associated with meal replacement products are expected to hamper the market growth.
MARKET SCOPE
The Adult Meal Replacement market analysis to 2028 is a specialized and in-depth study of the healthcare industry with a special focus on the global market trend analysis. The report aims to provide an overview of Adult Meal Replacement market with detailed market segmentation by type, and distribution channel. The Adult Meal Replacement market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading players in Adult Meal Replacement market and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The Adult Meal Replacement market is segmented on the basis of type and distribution channel. Based on type, market is segmented as powder, bars, beverages, other. Based on distribution channel, market is segmented as retail stores, and online sales.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the Adult Meal Replacement market based on various segments. It also provides market size and forecast estimates from year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The Adult Meal Replacement market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
The report analyzes factors affecting Adult Meal Replacement market from both demand and supply side and further evaluates market dynamics affecting the market during forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South & Central America after evaluating political, economic, social and technological factors effecting the Adult Meal Replacement market in these regions.
MARKET PLAYERS
The report covers key developments in the Adult Meal Replacement market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market players from Adult Meal Replacement market are anticipated to have lucrative growth opportunities in the future with the rising demand for Adult Meal Replacement in the global market. Below mentioned is the list of few companies engaged in the Adult Meal Replacement market.
The report also includes the profiles of key players in Adult Meal Replacement market along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years.
- Abbott
- Herbalife
- Kellogg
- Nestle
- SlimFast
- Glanbia
- GlaxoSmithKline
- Nature's Bounty
- Nutiva
- Onnit Labs
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