Meal Replacement Market Size, Share, growth, Trends and Forecast 2022-2031

Kenneth Research, in its repository of market research reports, has recently added a report on Meal Replacement Market that emphasizes the latest trends, key opportunities, drivers, and challenges associated with the growth of the market during the forecast period, i.e., 2022 – 2031. The Meal Replacement Market is anticipated to grow primarily on account of the growing trade of ICT goods and services worldwide. According to the statistics by the World Bank, the exports of ICT goods globally increased from 11.164% of total goods exports in 2017 to 11.53% of total goods exports in 2019.

U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4  billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Meal Replacement Market  products.

A comprehensive research report created through extensive primary research (inputs from industry experts, companies, stakeholders) and secondary research, the report aims to present the analysis of Global Meal Replacement Market. The report analyses the Meal Replacement Market by Region (North America, Europe, APAC, ROW) and by Country (U.S., U.K, France, China). The Meal Replacement market has been analysed by By Product Type (Ready to Drink, Edible Bars, Powdered Products, Others) and By Distribution Channel (Specialty Store, Online Stores, Hypermarket/Supermarket, Convenience Stores, Others) for the historical period of 2017-2018 and the forecast period of 2019-2024.

The Final Report will cover the impact analysis of COVID-19 on this industry:

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Over the recent years, Meal Replacement Market has been witnessing considerable growth on the back of increasing growing urban and working population aligned with rising income and old population. Moreover, rise in the demand for heathy and nutritious food and rising number of high-net-worth individuals has been driving the market meal replacement products globally. Further, increasing working population and rising demand for on-the-go meal because of daily hectic life of the consumer is expected to drive the market growth in forecast period. Amongst the countries, US accounts for the largest share in the Global Meal Replacement Market in 2018.

According to Azoth Analytics research report “Global Meal Replacement Market – Analysis By Type (Ready to Drink, Edible Bars, Powdered Products, Others), By Distribution Channel: Trends, Opportunities and Forecast (2019-2024)” the Meal Replacement market value is projected to display a robust growth represented by a CAGR of 7.36% by value during the period 2019–2024.

The report has covered and analysed the potential of meal replacement market and provides statistics and information on market size, shares and growth factors. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment evaluation. Besides, the report also identifies and analyses the emerging trends along with major drivers, challenges and opportunities in the meal replacement market. Additionally, the report also highlights market entry strategies for various companies across the globe.

Scope of the Report

Global Meal Replacement Market (Actual Period: 2017-2018, Forecast Period: 2019-2024)
• By Type (Ready-to-drink, Edible Bars, Powdered Products and Others)
• By Distribution Channel: (Hypermarket/Supermarket, Specialty Stores, Online Channel, Convenience Stores and Others)

Regional Analysis – North America, Europe, APAC, ROW (Actual Period: 2017-2018, Forecast Period: 2019-2024)
• By Type (Ready-to-drink, Edible Bars, Powdered Products and Others)
• By Distribution Channel: (Hypermarket/Supermarket, Specialty Stores, Online Channel, Convenience Stores and Others)

Country Analysis – U.S., UK, France, China (Actual Period: 2017-2018, Forecast Period: 2019-2024)
• By Type (Ready-to-drink, Edible Bars, Powdered Products and Others)
• By Distribution Channel: (Hypermarket/Supermarket, Specialty Stores, Online Channel, Convenience Stores and Others)

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Other Report Highlights
• Market Dynamics – Drivers and Restraints.
• Market Trends.
• SWOT Analysis.
• Porter’s Five Forces.
Company Analysis – Abbott Laboratories, Herbalife Nutrition Ltd., GlaxoSmithKline plc (GSK), Unilever & Conagra Brands.

Customization of the Report
The report could be customized according to the client’s specific research requirements. No additional cost will be required to pay for limited additional research.

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Kenneth Research provides scheduled syndicated reports that help industry professionals and organizations decipher market trends to take significant decisions and plan strategies. We cater to a wide range of industries including healthcare & pharmaceuticals, ICT & telecom, automotive & transportation, energy & power, chemicals, FMCG & food, aerospace & defense, among others. Our research team ensures to track and analyze the industry on a regular basis to offer strategic business consultancy services on a global level. We, at Kenneth Research, are adept at capturing descriptive insights on crucial topics to help our clients make their informed decisions.

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