
According to SPER Market Research, the Meal Replacement Market estimated to reach USD 19.8 billion by 2030 with a CAGR of 5.8%. People misunderstood about protein shake and meal replacement shake. Protein shake is for athletes and muscle building purpose whereas meal shake is for replacement of breakfast, lunch, dinner, to manage weight gain and weight loss. This ambiguity about the meal replacement shake creates challenges for Meal replacement market. High cost of meal replacement product is also a challenge for this market.
Meal Replacement Market Overview (2022-2030)
- Forecast CAGR (2022-2030): 5.8%
- Forecast Market Size (2030): 19.8 billion
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Meal Replacement Market Key Segments Covered
The SPER Market Research report seeks to give market dynamics, demand, and supply forecasts for the years up to 2030. This report contains statistics on product type segment growth estimates and forecasts.
By Product Type:
- Bars
- Powder
- Ready to Drink
- Others
By Distribution Channel:
- Convenience stores
- Hypermarkets and supermarkets
- Offline
- Online
- Specialty stores
- Others
By Region:
- North America
- Europe
- Asia-Pacific
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends, and strategies for this market. It traces the market's historic and forecast market growth by geography.
Global Meal Replacement Market Key Players:
The global Meal Replacement Market study provides market data by competitive landscape, revenue analysis, market segments and detailed analysis of key market players such as; Abbott Laboratories, Amway, Atkins, Glanbia, Herbalife Nutrition, Huel, Kellogg Co., Nestle, Skin Enterprises Inc., USANA Health Sciences Inc..
For More Information, refer to below link:-
Meal Replacement Market Future Outlook
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