FOOD & BEVERAGE
Global Meal Replacement Drinks Market - Industry Trends and Forecast to 2032
REPORT OVERVIEW
Global Meal Replacement Drinks Market, By Type (Ready-to-drink and Shake Premix), Flavor (Vanilla, Chocolate, Strawberry, Banana, and Others), Sales Channel (Hypermarkets/Supermarkets, Drug Stores & Pharmacies, Convenience Stores, Online Channels, and Others), Region (North America, Europe, Asia-Pacific, South America, Middle East and Africa) – Industry Trends and Forecast to 2032.
Market Insights
The global meal replacement drinks market size is valued to be USD xx million in 2023 and is expected to reach USD xx million by 2032, and it is expected to register a CAGR of xx% over the forecast period 2024-2032.
Meal replacement drinks are liquids that are designed to be a handy and nutritionally balanced alternative to a typical meal. These drinks are intended to provide a variety of vital nutrients, such as proteins, carbs, fats, vitamins, and minerals, to persons who may not have the time or inclination to prepare or consume a traditional meal.
While meal replacement beverages can be a practical option in some instances, they are not intended to replace every meal in a person's diet. Diversified, well-balanced diet rich in whole foods is typically suggested for overall health and well-being. Individuals thinking about using meal replacement drinks should speak with a healthcare expert or a nutritionist to ensure that their dietary needs are handled properly.
Market Dynamics
DRIVERS
- Weight management and fitness trends
- Nutritional Convenience
RESTRAINTS
- Artificial additives and sweeteners
- Limited consumer education
OPPORTUNITIES
- Rising health consciousness
- Customization and personalization
CHALLENGES
- Taste and texture challenges
- Limited dietary fiber
SEGMENTATION
MARKET SEGMENTATION
- Type
- Ready-to-drink
- Shake Premix
- Flavor
- Vanilla
- Chocolate
- Strawberry
- Banana
- Others
- Sales Channel
- Hypermarkets/Supermarkets
- Drug Stores & Pharmacies
- Convenience Stores
- Online Channels
- Others
The respective global report is completely customizable specific to regions (North America, Europe, Asia-Pacific, South America, Middle East and Africa), countries, and segments as per the client requirements.
REGIONAL SEGMENTATION
- North America
- U.S.
- Canada
- Mexico
- Rest of North America
- Europe
- Germany
- U.K.
- France
- Italy
- Spain
- Russia
- The Netherlands
- Belgium
- Turkey
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Singapore
- Malaysia
- Australia
- Thailand
- Philippines
- Rest of Asia-Pacific
- South America
- Brazil
- Argentina
- Chile
- Colombia
- Rest of South America
- Middle East and Africa
- Kingdom of Saudi Arabia
- South Africa
- U.A.E.
- Egypt
- Rest of Middle East and Africa
KEY MARKET PLAYERS
- Abbott Laboratories
- Glanbia
- Amway
- Herbalife Nutrition
- Nestle
- Atkins
- Huel
- Kellogg co.
- Skin Enterprises Inc.
- USANA Health Sciences Inc.
Table OF CONTENTS
- SECTION 1 - INTRODUCTION
- 1.1 Taxonomy
- 1.2 Market Overview
- 1.3 Currency and Limitations
- 1.3.1 Currency
- 1.3.2 Limitations
- 1.4 Key Competitors
- SECTION 2 - RESEARCH METHODOLOGY
- 2.1 Research Approach
- 2.2 Data Collection and Validation
- 2.2.1 Secondary Research
- 2.2.2 Primary Research
- 2.3 Market Assessment
- 2.3.1 Market Size Estimation
- 2.3.2 Bottom-up Approach
- 2.3.3 Top-down Approach
- 2.3.4 Growth Forecast
- 2.4 Market Study Assumptions
- 2.5 Data Sources
- SECTION 3 - EXECUTIVE SUMMARY
- 3.1 Global Meal Replacement Drinks Market, by Type
- 3.2 Global Meal Replacement Drinks Market, by Flavor
- 3.3 Global Meal Replacement Drinks Market, by Sales Channel
- 3.4 Global Meal Replacement Drinks Market, by Geography
- 3.5 Market Position Grid
- SECTION 4 - PREMIUM INSIGHTS
- 4.1 Regulatory Framework
- 4.1.1 Standards
- 4.1.2 Regulatory Landscape
- 4.2 Value Chain Analysis
- 4.3 Supply Chain Analysis
- 4.4 COVID-19 Impact
- 4.5 Russia-Ukraine War Impact
- 4.6 PORTER's Five Force Analysis
- 4.7 PESTLE Analysis
- 4.8 SWOT Analysis
- 4.9 Go to Market Strategy
- 4.10 Opportunity Orbit
- 4.11 Multivariate Modelling
- 4.12 Pricing Analysis
- SECTION 5 - MARKET DYNAMICS
- 5.1 Trends
- 5.1.1 Trend 1
- 5.1.2 Trend 2
- 5.1.3 Trend 3
- 5.2 Drivers
- 5.2.1 Weight management and fitness trends
- 5.2.2 Nutritional Convenience
- 5.2.3 Driver 3
- 5.2.4 Driver 4
- 5.3 Restraints
- 5.3.1 Artificial additives and sweeteners
- 5.3.2 Limited consumer education
- 5.3.3 Restraint 3
- 5.4 Opportunities
- 5.4.1 Rising health consciousness
- 5.4.2 Customization and personalization
- 5.4.3 Opportunity 3
- 5.4.4 Opportunity 4
- 5.5 Challenges
- 5.5.1 Taste and texture challenges
- 5.5.2 Limited dietary fiber
- 5.5.3 Challenge 3
- SECTION 6 - GLOBAL MEAL REPLACEMENT DRINKS MARKET, BY TYPE
- 6.1 Type Summary
- 6.2 Market Attractive Index
- 6.3 Global Meal Replacement Drinks Market, by Type (2019-2032)
- SECTION 7 - GLOBAL MEAL REPLACEMENT DRINKS MARKET, BY FLAVOR
- 7.1 Flavor Summary
- 7.2 Market Attractive Index
- 7.3 Global Meal Replacement Drinks Market, by Flavor (2019-2032)
- SECTION 8 - GLOBAL MEAL REPLACEMENT DRINKS MARKET, BY SALES CHANNEL
- 8.1 Sales Channel Summary
- 8.2 Market Attractive Index
- 8.3 Global Meal Replacement Drinks Market, by Sales Channel (2019-2032)
- SECTION 9 - GLOBAL MEAL REPLACEMENT DRINKS MARKET, BY GEOGRAPHY
- 9.1 Regional Summary
- 9.2 Market Attractive Index
- 9.3 Global Meal Replacement Drinks Market, by Geography (2019-2032)
- SECTION 10 - NORTH AMERICA MEAL REPLACEMENT DRINKS MARKET
- 10.1 North America Summary
- 10.2 Market Attractive Index
- 10.3 North America Meal Replacement Drinks Market, by Type (2019-2032)
- 10.4 North America Meal Replacement Drinks Market, by Flavor (2019-2032)
- 10.5 North America Meal Replacement Drinks Market, by Sales Channel (2019-2032)
- 10.6 North America Meal Replacement Drinks Market, by Country (2019-2032)
- 10.6.1 U.S.
- 10.6.2 Canada
- 10.6.3 Mexico
- 10.6.4 Rest of North America
- SECTION 11 - EUROPE MEAL REPLACEMENT DRINKS MARKET
- 11.1 Europe Summary
- 11.2 Market Attractive Index
- 11.3 Europe Meal Replacement Drinks Market, by Type (2019-2032)
- 11.4 Europe Meal Replacement Drinks Market, by Flavor (2019-2032)
- 11.5 Europe Meal Replacement Drinks Market, by Sales Channel (2019-2032)
- 11.6 Europe Meal Replacement Drinks Market, by Country (2019-2032)
- 11.6.1 Germany
- 11.6.2 U.K.
- 11.6.3 France
- 11.6.4 Italy
- 11.6.5 Spain
- 11.6.6 Russia
- 11.6.7 The Netherlands
- 11.6.8 Belgium
- 11.6.9 Turkey
- 11.6.10 Rest of Europe
- SECTION 12 - ASIA-PACIFIC MEAL REPLACEMENT DRINKS MARKET
- 12.1 Asia-Pacific Summary
- 12.2 Market Attractive Index
- 12.3 Asia-Pacific Meal Replacement Drinks Market, by Type (2019-2032)
- 12.4 Asia-Pacific Meal Replacement Drinks Market, by Flavor (2019-2032)
- 12.5 Asia-Pacific Meal Replacement Drinks Market, by Sales Channel (2019-2032)
- 12.6 Asia-Pacific Meal Replacement Drinks Market, by Country (2019-2032)
- 12.6.1 China
- 12.6.2 India
- 12.6.3 Japan
- 12.6.4 South Korea
- 12.6.5 Singapore
- 12.6.6 Malaysia
- 12.6.7 Australia
- 12.6.8 Thailand
- 12.6.9 Philippines
- 12.6.10 Rest of Asia-Pacific
- SECTION 13 - SOUTH AMERICA MEAL REPLACEMENT DRINKS MARKET
- 13.1 South America Summary
- 13.2 Market Attractive Index
- 13.3 South America Meal Replacement Drinks Market, by Type (2019-2032)
- 13.4 South America Meal Replacement Drinks Market, by Flavor (2019-2032)
- 13.5 South America Meal Replacement Drinks Market, by Sales Channel (2019-2032)
- 13.6 South America Meal Replacement Drinks Market, by Country (2019-2032)
- 13.6.1 Brazil
- 13.6.2 Argentina
- 13.6.3 Chile
- 13.6.4 Colombia
- 13.6.5 Rest of South America
- SECTION 14 - MIDDLE EAST AND AFRICA MEAL REPLACEMENT DRINKS MARKET
- 14.1 Middle East and Africa Summary
- 14.2 Market Attractive Index
- 14.3 Middle East and Africa Meal Replacement Drinks Market, by Type (2019-2032)
- 14.4 Middle East and Africa Meal Replacement Drinks Market, by Flavor (2019-2032)
- 14.5 Middle East and Africa Meal Replacement Drinks Market, by Sales Channel (2019-2032)
- 14.6 Middle East and Africa Meal Replacement Drinks Market, by Country (2019-2032)
- 14.6.1 Kingdom of Saudi Arabia
- 14.6.2 South Africa
- 14.6.3 U.A.E.
- 14.6.4 Egypt
- 14.6.5 Rest of Middle East and Africa
- SECTION 15 - COMPANY SHARE ANALYSIS
- 15.1 Global Meal Replacement Drinks Market, Company Share Analysis
- 15.2 North America Meal Replacement Drinks Market, Company Share Analysis
- 15.3 Europe Meal Replacement Drinks Market, Company Share Analysis
- 15.4 Asia-Pacific Meal Replacement Drinks Market, Company Share Analysis
- SECTION 16 - COMPANY PROFILES
- 16.1 Abbott Laboratories
- 16.1.1 Company Snapshot
- 16.1.2 Financial Overview
- 16.1.3 Product Portfolio
- 16.1.4 Recent Developments
- 16.2 Glanbia
- 16.2.1 Company Snapshot
- 16.2.2 Financial Overview
- 16.2.3 Product Portfolio
- 16.2.4 Recent Developments
- 16.3 Amway
- 16.3.1 Company Snapshot
- 16.3.2 Financial Overview
- 16.3.3 Product Portfolio
- 16.3.4 Recent Developments
- 16.4 Herbalife Nutrition
- 16.4.1 Company Snapshot
- 16.4.2 Financial Overview
- 16.4.3 Product Portfolio
- 16.4.4 Recent Developments
- 16.5 Nestle
- 16.5.1 Company Snapshot
- 16.5.2 Financial Overview
- 16.5.3 Product Portfolio
- 16.5.4 Recent Developments
- 16.6 Atkins
- 16.6.1 Company Snapshot
- 16.6.2 Financial Overview
- 16.6.3 Product Portfolio
- 16.6.4 Recent Developments
- 16.7 Huel
- 16.7.1 Company Snapshot
- 16.7.2 Financial Overview
- 16.7.3 Product Portfolio
- 16.7.4 Recent Developments
- 16.8 Kellogg co.
- 16.8.1 Company Snapshot
- 16.8.2 Financial Overview
- 16.8.3 Product Portfolio
- 16.8.4 Recent Developments
- 16.9 Skin Enterprises Inc.
- 16.9.1 Company Snapshot
- 16.9.2 Financial Overview
- 16.9.3 Product Portfolio
- 16.9.4 Recent Developments
- 16.10 USANA Health Sciences Inc.
- 16.10.1 Company Snapshot
- 16.10.2 Financial Overview
- 16.10.3 Product Portfolio
- 16.10.4 Recent Developments
- SECTION 17 - RELATED REPORTS
- SECTION 18 - DISCLAIMER
RESEARCH METHODOLOGY
The research methodology employed in Uniprism Market Research involves four basic steps namely research and data collection, data pre-processing, modeling and forecasting, quality assurance and output.
RESEARCH AND DATA COLLECTION
A tripod model research technique is followed for research and data collection in which various approaches such as primary research, secondary research, and product mapping are considered.
Primary research basically involves the process of conducting personalized interviews with market related professionals of major market players, investors, distributors, vendors and many more.
The secondary research include data published by government, annual reports, press releases, investor presentations of companies, white papers, certified publications, annual manufacturing limit of the respective industries related to the market, production consumption analysis of certain products respective to the market and many more.
Below mention are few of the sources which we have considered while estimating the market size:
For instance,
- Research articles published on Technium
- Science and MDPI
- Research publications by government approved associations and societies
Product mapping means the process of mapping the list of products that a key player contributes to the market as well as estimating the revenue of those products in order to define the Global Company share analysis of the respective Global Company in global, regional, and country level markets.
DATA PRE-PROCESSING
The term "data pre-processing" refers to the collection of procedures and methods used to clean, modify, and make ready for analysis the raw data gathered during research and data collection. The completion of this phase is necessary to guarantee that the data are reliable, consistent, and appropriate for statistical analysis and other data-driven tasks. The data pre-processing ensures that the information gathered from research and data collection is comparable and expressed in standard units, by the integration of missing data pointers and algorithmic approaches.
MODELING AND FORECASTING
The process of developing mathematical, statistical, or computational representations of real-world occurrences or relationships is known as modelling. These models are intended to replicate and explain market interactions, interdependence, and dynamics. These models are used by Uniprism Market Research to acquire a better knowledge of numerous market characteristics such as customer preferences, pricing elasticity, competition dynamics, and more. Depending on the individual study aims, many types of models are utilized, such as regression models, econometric models, decision tree models, and machine learning models.
Forecasting is the process of predicting future market conditions, trends, and occurrences using past data and models. Forecasting is used by Uniprism Market Research to estimate future sales, demand for products or services, market growth, and other important performance metrics. Forecasting accurately can assist organizations in making educated decisions about resource allocation, pricing, inventory management, and marketing tactics.
We create standardized bottom-up or top-down models that scale by leveraging data science and machine learning technology. All our market models consider the unique market characteristics of each country. Forecasting is based on major market indicators and a combination of traditional methodologies, such as exponential smoothing, time series analysis, regression analysis, and more modern techniques such as machine learning algorithms are all forecasting methodologies. The method chosen is determined on the nature of the data and the specific forecasting aims.
QUALITY ASSURANCE AND OUTPUT
Quality assurance and output involves the process of validation, adjustments, further publications of key market indicators. Extensive plausibility and consistency tests are performed on derived time series to ensure the high degree of quality of our market analysis. This quality assurance procedure also includes rigorous inspection, validation, and editing by an experienced management team to assure the dependability of the published data.