Meal Replacement Market Analysis North America,Europe,APAC,South America,Middle East and Africa - US,Canada,China,Germany,UK - Size and Forecast 2024-2028

Published: Nov 2023 Pages: 170 SKU: IRTNTR71108

Meal Replacement Market Forecast 2024-2028

The Meal Replacement Market size is projected to increase by USD 5.79 billion at a CAGR of 6.94% between 2023 and 2028. Growing demand for ready-to-eat products is the key factor driving market growth. Ready-to-eat products are evolving and popular among consumers as they save time and effort. Owing to the hectic lifestyles of consumers, they look for convenience in food preparation. This has led to an increase in demand for ready-to-eat products. Market players are using advertising strategies to increase the use of ready meals in households. Furthermore, consumers have started having these products as snacks, which is a common trend observed in adults. This has raised the demand for the products, which will boost the growth of the global market in focus during the forecast period.

Meal Replacement Market: Overview

The Market shows an Accelerated CAGR during the forecast period.

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Market Dynamics and Customer Landscape

 

The meal replacement market is witnessing significant growth, driven by the increasing focus on eating healthy food and maintaining a healthy diet plan amidst busy lifestyles. Consumers are turning to convenient e-commerce platforms to access a variety of options like meal replacement powder, protein bars, and protein shakes. These products offer a balanced mix of proteins, carbs, fats, and fibers, aiding in weight control and supporting the immune system. With rising concerns over high cholesterol levels and obesity epidemic, meal replacements provide a solution for weight management and promoting healthy living lifestyle. Brands like Vega and Soylent offer plant-based options catering to vegan sources of protein, catering to diverse dietary preferences.

Market Trends

The growing popularity of protein bars and shakes is the primary trend shaping market growth. Consumption of protein bars is increasing owing to growing awareness regarding health benefits. Protein bars are rich in protein and fiber content as well as low in carbohydrates and sodium. They also provide other necessary nutrients, such as minerals, vitamins, and antioxidants, which help repair body muscles and tissues.

Furthermore, people are willing to pay a higher price for high-quality protein bars and shakes. Manufacturers focus on introducing protein bars in various new flavors to attract consumers, such as chocolate, peanut butter, and fudge brownies. Thus, the growing popularity of protein bars and shakes will have a positive impact on the global market growth during the forecast period.

Market Challenge 

Lack of awareness about the products is a challenge that affects market growth. Regardless of a rise in the consumption of the products in various forms, sections of the global population are ignorant about the benefits these products offer. Consumers in developing countries such as India and Brazil usually consume an unbalanced diet due to lower disposable income and a lack of awareness of health and nutrition.

Moreover, such ignorance and lack of awareness among consumers of nutritional deficiency often lead to serious health disorders. Therefore, the lack of awareness about these products will negatively impact the overall growth of the global market during the forecast period.

Market Segmentation

 

The e-commerce platform has become a vital avenue for purchasing various products, including protein bars with diverse flavors. As people prioritize physical activities and seek access to fitness facilities and health clubs, convenient options like ready-to-drink protein bars are gaining popularity. Concerns about artificial flavors and dental caries have prompted a shift towards natural flavoring and plant-based or vegan edible bars. Amidst an outbreak of a deadly virus and rising stress, anxiety, and depression, individuals are mindful of excessive eating and weight gains, opting for healthier choices to combat unhealthy dietary changes and a sedentary lifestyle. Online platforms offer accessibility to such products, facilitating better choices despite challenges like portion sizes and the availability of convenience store and restaurant options.The market witnesses a surge in demand for innovative options such as protein bar and ready to drink solutions, offering convenience and nutrition. Consumers seek diverse flavor profiles and dietary fiber content in these products. With the Outbreak of deadly virus, individuals increasingly opt for meal replacement options as a precautionary measure, favoring animal product-free alternatives like YFood.

By Distribution Channel

The revenue of the offline distribution channel comes from the sales of products through specialty stores (including brand-owned stores, multi-brand stores, and grocery stores), hypermarkets, supermarkets, convenience stores, clubhouse stores, and department stores. The revenue of the offline distribution channel has been declining gradually over the past five years due to the shift in customer preference for online shopping. On the other hand, market players are widening their geographic operations to push their offline sales. Therefore, the growing number of retail stores across the world is anticipated to fuel the sales of the products from offline channels, driving the global market during the forecast period. 

By Product

The market share growth by the powdered products segment will be significant during the forecast period. The market for powdered products is driven by consumers who are gym-goers, athletes, and people with various health problems. The market for powdered products is growing strongly in Asian countries like India, Hong Kong, China, and South Korea.

The powdered segment was valued at USD 6.24 billion in 2018. 

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The powdered meal replacement products are produced using various ingredients, such as casein, pea, soy, whey, and egg proteins. Furthermore, increasing demand for these powders from end-users is anticipated to boost the segment growth. Moreover, the availability of a wide range of products by different brands will contribute to the powdered segment growth of the global market during the forecast period.

Key Regions for the Market 

North America is estimated to contribute 37% to the growth of the global market during the forecast period

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Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. The growth in the market in North America is attributed to factors such as the increasing adult obesity rate in consumers in the region. In North America, consumers are looking for convenient, healthy food products that fulfill their daily nutritional requirements. The change in lifestyle, rapid urbanization, and rise in disposable income will spur regional market growth.

Furthermore, the increasing demand for meal-replacement food items in the US is due to the rising awareness regarding the health benefits of meal-replacement products such as edible bars and shakes. Meal replacement act as a protein enhancer. In addition, the market players in the region are focusing on developing new products to meet the rising demand for the products. Hence, continuous product launches will boost the growth of the regional market during the forecast period.

Company Overview

Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.

  • Key Offering- Abbott Laboratories: The company offers meal replacement products such as immunization shakes, nutrition powders, nutrition shakes to adults, infant and child.
  • Key Offering- Atkins Nutritionals Inc.: The company offers meal replacement products such as cookies, meal bar and snack bar.
  • Key Offering- Blue Diamond Growers: The company offers meal replacement products such as cooking and baking ingredients, almond milk, and protein powder.

The market report also includes detailed analyses of the competitive landscape of the market and information about 20 market companies, including:

  • Bobs Red Mill Natural Foods Inc.
  • Cambridge Commodities Ltd.
  • Conagra Brands Inc.
  • Glanbia plc
  • Healthy N Fit International Inc.
  • Herbalife International of America Inc.
  • ITOCHU Corp.
  • Kellogg Co.
  • Natures Bounty
  • Nestle SA
  • Nutiva Inc.
  • Nutricore Biosciences Pvt. Ltd.
  • NutroActive Industries Pvt. Ltd.
  • RITS Lifesciences Pvt Ltd.
  • The Kraft Heinz Co.
  • Unilever PLC
  • Zoic Pharmaceuticals Pvt. Ltd.

Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.

Market Analyst Overview

The market offers prepackaged, portion-controlled food itmes, including shelf-stable or frozen meals, with essential vitamins and minerals to combat unhealthy food consumption. Targeting the younger population, it promotes healthy diet plans for taste satisfaction and improved nutritional quality, countering unhealthy lifestyles and associated health risks like diabetes, high blood pressure, and cardiac arrest. Consumer awareness drives the shift towards healthy living, favoring high-caloric density convenience foods, drinks, and meal replacement powders. E-commerce platforms facilitate accessibility, contributing to the prevention of cardiovascular diseases linked to high blood pressure and cholesterol levels.

This market witnessing a surge in demand as consumers seek convenient and nutritious alternatives amidst their busy lifestyles. With the rise of the e-commerce sector, consumers can easily access a variety of options, including protein bars, liquids, soups, and ready-to-drink options. These products offer nutritional quality and cater to various dietary needs, providing essential protein, fiber, and low glycemic response for sustained energy levels. As concerns over obesity, high blood pressure, and cardiovascular diseases grow, there's a shift towards healthier choices, promoting consumer awareness and healthy living lifestyles. Whether for sports and workout activities or as a solution during the outbreak of deadly viruses, meal replacements offer taste satisfaction and convenience without compromising on health.

Segment Overview

The market report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2018 to 2028. 

  • Product Outlook
    • Powdered products
    • Edible bars
    • Ready-to-drink
    • Others
  • Distribution Channel Outlook
    • Offline
    • Online
  • Region Outlook
    • North America
      • The U.S.
      • Canada
    • Europe
      • The U.K.
      • Germany
      • France
      • Rest of Europe
    • APAC
      • China
      • India
    • South America
      • Chile 
      • Brazil 
      • Argentina
    • Middle East & Africa
      • Saudi Arabia
      • South Africa
      • Rest of the Middle East & Africa

Market Scope

Report Coverage

Details

Page number

170

Base year

2023

Historic period

2018-2022

Forecast period

2024-2028

Growth momentum & CAGR

Accelerate at a CAGR of 6.94%

Market Growth 2024-2028

USD 5.79 billion

Market structure

Fragmented

YoY growth 2023-2024(%)

5.84

Regional analysis

North America, Europe, APAC, South America, and Middle East and Africa

Performing market contribution

North America at 37%

Key countries

US, Canada, China, Germany, and UK

Competitive landscape

Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks

Key companies profiled

Abbott Laboratories, Atkins Nutritionals Inc., Blue Diamond Growers, Bobs Red Mill Natural Foods Inc., Cambridge Commodities Ltd., Conagra Brands Inc., Glanbia plc, Healthy N Fit International Inc., Herbalife International of America Inc., ITOCHU Corp., Kellogg Co., Natures Bounty, Nestle SA, Nutiva Inc., Nutricore Biosciences Pvt. Ltd., NutroActive Industries Pvt. Ltd., RITS Lifesciences Pvt Ltd., The Kraft Heinz Co., Unilever PLC, and Zoic Pharmaceuticals Pvt. Ltd.

Market dynamics

Parent market analysis, Market forecasting, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and market condition analysis for the forecast period.

Customization purview

If our market growth and trends report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Market Research Report?

  • CAGR of the market during the forecast period
  • Detailed information on factors that will drive the market growth and forecasting of the market between 2023 and 2027
  • Precise estimation of the size of the market size and its contribution to the parent market
  • Accurate predictions about upcoming market trends and analysis and changes in consumer behavior
  • Growth of the market industry across Europe, North America, APAC, South America, and Middle East and Africa
  • Thorough market growth analysis of the market’s competitive landscape and detailed information about vendors
  • Comprehensive market analysis and report on the factors that will challenge the market research and growth of market vendors

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1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by Product
    • Exhibit 06: Executive Summary – Chart on Market Segmentation by Distribution Channel
    • Exhibit 07: Executive Summary – Chart on Incremental Growth
    • Exhibit 08: Executive Summary – Data Table on Incremental Growth
    • Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 10: Parent market
    • Exhibit 11: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 12: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 13: Market segments
  • 3.3 Market size 2023
    • 3.4 Market outlook: Forecast for 2023-2028
      • Exhibit 14: Chart on Global - Market size and forecast 2023-2028 ($ million)
      • Exhibit 15: Data Table on Global - Market size and forecast 2023-2028 ($ million)
      • Exhibit 16: Chart on Global Market: Year-over-year growth 2023-2028 (%)
      • Exhibit 17: Data Table on Global Market: Year-over-year growth 2023-2028 (%)

    4 Historic Market Size

    • 4.1 Global meal replacement market 2018 - 2022
      • Exhibit 18: Historic Market Size – Data Table on global meal replacement market 2018 - 2022 ($ million)
    • 4.2 Product Segment Analysis 2018 - 2022
      • Exhibit 19: Historic Market Size – Product Segment 2018 - 2022 ($ million)
    • 4.3 Distribution Channel Segment Analysis 2018 - 2022
      • Exhibit 20: Historic Market Size – Distribution Channel Segment 2018 - 2022 ($ million)
    • 4.4 Geography Segment Analysis 2018 - 2022
      • Exhibit 21: Historic Market Size – Geography Segment 2018 - 2022 ($ million)
    • 4.5 Country Segment Analysis 2018 - 2022
      • Exhibit 22: Historic Market Size – Country Segment 2018 - 2022 ($ million)

    5 Five Forces Analysis

    • 5.1 Five forces summary
      • Exhibit 23: Five forces analysis - Comparison between 2023 and 2028
    • 5.2 Bargaining power of buyers
      • Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2023 and 2028
    • 5.3 Bargaining power of suppliers
      • Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2023 and 2028
    • 5.4 Threat of new entrants
      • Exhibit 26: Threat of new entrants – Impact of key factors in 2023 and 2028
    • 5.5 Threat of substitutes
      • Exhibit 27: Threat of substitutes – Impact of key factors in 2023 and 2028
    • 5.6 Threat of rivalry
      • Exhibit 28: Threat of rivalry – Impact of key factors in 2023 and 2028
    • 5.7 Market condition
      • Exhibit 29: Chart on Market condition - Five forces 2023 and 2028

    6 Market Segmentation by Product

    • 6.1 Market segments
      • Exhibit 30: Chart on Product - Market share 2023-2028 (%)
      • Exhibit 31: Data Table on Product - Market share 2023-2028 (%)
    • 6.2 Comparison by Product
      • Exhibit 32: Chart on Comparison by Product
      • Exhibit 33: Data Table on Comparison by Product
    • 6.3 Powdered products - Market size and forecast 2023-2028
      • Exhibit 34: Chart on Powdered products - Market size and forecast 2023-2028 ($ million)
      • Exhibit 35: Data Table on Powdered products - Market size and forecast 2023-2028 ($ million)
      • Exhibit 36: Chart on Powdered products - Year-over-year growth 2023-2028 (%)
      • Exhibit 37: Data Table on Powdered products - Year-over-year growth 2023-2028 (%)
    • 6.4 Edible bars - Market size and forecast 2023-2028
      • Exhibit 38: Chart on Edible bars - Market size and forecast 2023-2028 ($ million)
      • Exhibit 39: Data Table on Edible bars - Market size and forecast 2023-2028 ($ million)
      • Exhibit 40: Chart on Edible bars - Year-over-year growth 2023-2028 (%)
      • Exhibit 41: Data Table on Edible bars - Year-over-year growth 2023-2028 (%)
    • 6.5 Ready-to-drink - Market size and forecast 2023-2028
      • Exhibit 42: Chart on Ready-to-drink - Market size and forecast 2023-2028 ($ million)
      • Exhibit 43: Data Table on Ready-to-drink - Market size and forecast 2023-2028 ($ million)
      • Exhibit 44: Chart on Ready-to-drink - Year-over-year growth 2023-2028 (%)
      • Exhibit 45: Data Table on Ready-to-drink - Year-over-year growth 2023-2028 (%)
    • 6.6 Others - Market size and forecast 2023-2028
      • Exhibit 46: Chart on Others - Market size and forecast 2023-2028 ($ million)
      • Exhibit 47: Data Table on Others - Market size and forecast 2023-2028 ($ million)
      • Exhibit 48: Chart on Others - Year-over-year growth 2023-2028 (%)
      • Exhibit 49: Data Table on Others - Year-over-year growth 2023-2028 (%)
    • 6.7 Market opportunity by Product
      • Exhibit 50: Market opportunity by Product ($ million)
      • Exhibit 51: Data Table on Market opportunity by Product ($ million)

    7 Market Segmentation by Distribution Channel

    • 7.1 Market segments
      • Exhibit 52: Chart on Distribution Channel - Market share 2023-2028 (%)
      • Exhibit 53: Data Table on Distribution Channel - Market share 2023-2028 (%)
    • 7.2 Comparison by Distribution Channel
      • Exhibit 54: Chart on Comparison by Distribution Channel
      • Exhibit 55: Data Table on Comparison by Distribution Channel
    • 7.3 Offline - Market size and forecast 2023-2028
      • Exhibit 56: Chart on Offline - Market size and forecast 2023-2028 ($ million)
      • Exhibit 57: Data Table on Offline - Market size and forecast 2023-2028 ($ million)
      • Exhibit 58: Chart on Offline - Year-over-year growth 2023-2028 (%)
      • Exhibit 59: Data Table on Offline - Year-over-year growth 2023-2028 (%)
    • 7.4 Online - Market size and forecast 2023-2028
      • Exhibit 60: Chart on Online - Market size and forecast 2023-2028 ($ million)
      • Exhibit 61: Data Table on Online - Market size and forecast 2023-2028 ($ million)
      • Exhibit 62: Chart on Online - Year-over-year growth 2023-2028 (%)
      • Exhibit 63: Data Table on Online - Year-over-year growth 2023-2028 (%)
    • 7.5 Market opportunity by Distribution Channel
      • Exhibit 64: Market opportunity by Distribution Channel ($ million)
      • Exhibit 65: Data Table on Market opportunity by Distribution Channel ($ million)

    8 Customer Landscape

    • 8.1 Customer landscape overview
      • Exhibit 66: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    9 Geographic Landscape

    • 9.1 Geographic segmentation
      • Exhibit 67: Chart on Market share by geography 2023-2028 (%)
      • Exhibit 68: Data Table on Market share by geography 2023-2028 (%)
    • 9.2 Geographic comparison
      • Exhibit 69: Chart on Geographic comparison
      • Exhibit 70: Data Table on Geographic comparison
    • 9.3 North America - Market size and forecast 2023-2028
      • Exhibit 71: Chart on North America - Market size and forecast 2023-2028 ($ million)
      • Exhibit 72: Data Table on North America - Market size and forecast 2023-2028 ($ million)
      • Exhibit 73: Chart on North America - Year-over-year growth 2023-2028 (%)
      • Exhibit 74: Data Table on North America - Year-over-year growth 2023-2028 (%)
    • 9.4 Europe - Market size and forecast 2023-2028
      • Exhibit 75: Chart on Europe - Market size and forecast 2023-2028 ($ million)
      • Exhibit 76: Data Table on Europe - Market size and forecast 2023-2028 ($ million)
      • Exhibit 77: Chart on Europe - Year-over-year growth 2023-2028 (%)
      • Exhibit 78: Data Table on Europe - Year-over-year growth 2023-2028 (%)
    • 9.5 APAC - Market size and forecast 2023-2028
      • Exhibit 79: Chart on APAC - Market size and forecast 2023-2028 ($ million)
      • Exhibit 80: Data Table on APAC - Market size and forecast 2023-2028 ($ million)
      • Exhibit 81: Chart on APAC - Year-over-year growth 2023-2028 (%)
      • Exhibit 82: Data Table on APAC - Year-over-year growth 2023-2028 (%)
    • 9.6 South America - Market size and forecast 2023-2028
      • Exhibit 83: Chart on South America - Market size and forecast 2023-2028 ($ million)
      • Exhibit 84: Data Table on South America - Market size and forecast 2023-2028 ($ million)
      • Exhibit 85: Chart on South America - Year-over-year growth 2023-2028 (%)
      • Exhibit 86: Data Table on South America - Year-over-year growth 2023-2028 (%)
    • 9.7 Middle East and Africa - Market size and forecast 2023-2028
      • Exhibit 87: Chart on Middle East and Africa - Market size and forecast 2023-2028 ($ million)
      • Exhibit 88: Data Table on Middle East and Africa - Market size and forecast 2023-2028 ($ million)
      • Exhibit 89: Chart on Middle East and Africa - Year-over-year growth 2023-2028 (%)
      • Exhibit 90: Data Table on Middle East and Africa - Year-over-year growth 2023-2028 (%)
    • 9.8 US - Market size and forecast 2023-2028
      • Exhibit 91: Chart on US - Market size and forecast 2023-2028 ($ million)
      • Exhibit 92: Data Table on US - Market size and forecast 2023-2028 ($ million)
      • Exhibit 93: Chart on US - Year-over-year growth 2023-2028 (%)
      • Exhibit 94: Data Table on US - Year-over-year growth 2023-2028 (%)
    • 9.9 Germany - Market size and forecast 2023-2028
      • Exhibit 95: Chart on Germany - Market size and forecast 2023-2028 ($ million)
      • Exhibit 96: Data Table on Germany - Market size and forecast 2023-2028 ($ million)
      • Exhibit 97: Chart on Germany - Year-over-year growth 2023-2028 (%)
      • Exhibit 98: Data Table on Germany - Year-over-year growth 2023-2028 (%)
    • 9.10 Canada - Market size and forecast 2023-2028
      • Exhibit 99: Chart on Canada - Market size and forecast 2023-2028 ($ million)
      • Exhibit 100: Data Table on Canada - Market size and forecast 2023-2028 ($ million)
      • Exhibit 101: Chart on Canada - Year-over-year growth 2023-2028 (%)
      • Exhibit 102: Data Table on Canada - Year-over-year growth 2023-2028 (%)
    • 9.11 UK - Market size and forecast 2023-2028
      • Exhibit 103: Chart on UK - Market size and forecast 2023-2028 ($ million)
      • Exhibit 104: Data Table on UK - Market size and forecast 2023-2028 ($ million)
      • Exhibit 105: Chart on UK - Year-over-year growth 2023-2028 (%)
      • Exhibit 106: Data Table on UK - Year-over-year growth 2023-2028 (%)
    • 9.12 China - Market size and forecast 2023-2028
      • Exhibit 107: Chart on China - Market size and forecast 2023-2028 ($ million)
      • Exhibit 108: Data Table on China - Market size and forecast 2023-2028 ($ million)
      • Exhibit 109: Chart on China - Year-over-year growth 2023-2028 (%)
      • Exhibit 110: Data Table on China - Year-over-year growth 2023-2028 (%)
    • 9.13 Market opportunity by geography
      • Exhibit 111: Market opportunity by geography ($ million)
      • Exhibit 112: Data Tables on Market opportunity by geography ($ million)

    10 Drivers, Challenges, and Trends

    • 10.1 Market drivers
      • 10.2 Market challenges
        • 10.3 Impact of drivers and challenges
          • Exhibit 113: Impact of drivers and challenges in 2023 and 2028
        • 10.4 Market trends

          11 Vendor Landscape

          • 11.1 Overview
            • 11.2 Vendor landscape
              • Exhibit 114: Overview on Criticality of inputs and Factors of differentiation
            • 11.3 Landscape disruption
              • Exhibit 115: Overview on factors of disruption
            • 11.4 Industry risks
              • Exhibit 116: Impact of key risks on business

            12 Vendor Analysis

            • 12.1 Vendors covered
              • Exhibit 117: Vendors covered
            • 12.2 Market positioning of vendors
              • Exhibit 118: Matrix on vendor position and classification
            • 12.3 Abbott Laboratories
              • Exhibit 119: Abbott Laboratories - Overview
              • Exhibit 120: Abbott Laboratories - Business segments
              • Exhibit 121: Abbott Laboratories - Key news
              • Exhibit 122: Abbott Laboratories - Key offerings
              • Exhibit 123: Abbott Laboratories - Segment focus
            • 12.4 Atkins Nutritionals Inc.
              • Exhibit 124: Atkins Nutritionals Inc. - Overview
              • Exhibit 125: Atkins Nutritionals Inc. - Product / Service
              • Exhibit 126: Atkins Nutritionals Inc. - Key offerings
            • 12.5 Blue Diamond Growers
              • Exhibit 127: Blue Diamond Growers - Overview
              • Exhibit 128: Blue Diamond Growers - Product / Service
              • Exhibit 129: Blue Diamond Growers - Key offerings
            • 12.6 Conagra Brands Inc.
              • Exhibit 130: Conagra Brands Inc. - Overview
              • Exhibit 131: Conagra Brands Inc. - Business segments
              • Exhibit 132: Conagra Brands Inc. - Key news
              • Exhibit 133: Conagra Brands Inc. - Key offerings
              • Exhibit 134: Conagra Brands Inc. - Segment focus
            • 12.7 Glanbia plc
              • Exhibit 135: Glanbia plc - Overview
              • Exhibit 136: Glanbia plc - Business segments
              • Exhibit 137: Glanbia plc - Key offerings
              • Exhibit 138: Glanbia plc - Segment focus
            • 12.8 Healthy N Fit International Inc.
              • Exhibit 139: Healthy N Fit International Inc. - Overview
              • Exhibit 140: Healthy N Fit International Inc. - Product / Service
              • Exhibit 141: Healthy N Fit International Inc. - Key offerings
            • 12.9 Herbalife International of America Inc.
              • Exhibit 142: Herbalife International of America Inc. - Overview
              • Exhibit 143: Herbalife International of America Inc. - Product / Service
              • Exhibit 144: Herbalife International of America Inc. - Key offerings
            • 12.10 ITOCHU Corp.
              • Exhibit 145: ITOCHU Corp. - Overview
              • Exhibit 146: ITOCHU Corp. - Business segments
              • Exhibit 147: ITOCHU Corp. - Key offerings
              • Exhibit 148: ITOCHU Corp. - Segment focus
            • 12.11 Kellogg Co.
              • Exhibit 149: Kellogg Co. - Overview
              • Exhibit 150: Kellogg Co. - Business segments
              • Exhibit 151: Kellogg Co. - Key news
              • Exhibit 152: Kellogg Co. - Key offerings
              • Exhibit 153: Kellogg Co. - Segment focus
            • 12.12 Natures Bounty
              • Exhibit 154: Natures Bounty - Overview
              • Exhibit 155: Natures Bounty - Product / Service
              • Exhibit 156: Natures Bounty - Key offerings
            • 12.13 Nestle SA
              • Exhibit 157: Nestle SA - Overview
              • Exhibit 158: Nestle SA - Business segments
              • Exhibit 159: Nestle SA - Key news
              • Exhibit 160: Nestle SA - Key offerings
              • Exhibit 161: Nestle SA - Segment focus
            • 12.14 Nutiva Inc.
              • Exhibit 162: Nutiva Inc. - Overview
              • Exhibit 163: Nutiva Inc. - Product / Service
              • Exhibit 164: Nutiva Inc. - Key offerings
            • 12.15 NutroActive Industries Pvt. Ltd.
              • Exhibit 165: NutroActive Industries Pvt. Ltd. - Overview
              • Exhibit 166: NutroActive Industries Pvt. Ltd. - Product / Service
              • Exhibit 167: NutroActive Industries Pvt. Ltd. - Key offerings
            • 12.16 The Kraft Heinz Co.
              • Exhibit 168: The Kraft Heinz Co. - Overview
              • Exhibit 169: The Kraft Heinz Co. - Business segments
              • Exhibit 170: The Kraft Heinz Co. - Key offerings
              • Exhibit 171: The Kraft Heinz Co. - Segment focus
            • 12.17 Unilever PLC
              • Exhibit 172: Unilever PLC - Overview
              • Exhibit 173: Unilever PLC - Business segments
              • Exhibit 174: Unilever PLC - Key news
              • Exhibit 175: Unilever PLC - Key offerings
              • Exhibit 176: Unilever PLC - Segment focus

            13 Appendix

            • 13.1 Scope of the report
              • 13.2 Inclusions and exclusions checklist
                • Exhibit 177: Inclusions checklist
                • Exhibit 178: Exclusions checklist
              • 13.3 Currency conversion rates for US$
                • Exhibit 179: Currency conversion rates for US$
              • 13.4 Research methodology
                • Exhibit 180: Research methodology
                • Exhibit 181: Validation techniques employed for market sizing
                • Exhibit 182: Information sources
              • 13.5 List of abbreviations
                • Exhibit 183: List of abbreviations

              Research Framework

              Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

              INFORMATION SOURCES

              Primary sources

              • Manufacturers and suppliers
              • Channel partners
              • Industry experts
              • Strategic decision makers

              Secondary sources

              • Industry journals and periodicals
              • Government data
              • Financial reports of key industry players
              • Historical data
              • Press releases

              DATA ANALYSIS

              Data Synthesis

              • Collation of data
              • Estimation of key figures
              • Analysis of derived insights

              Data Validation

              • Triangulation with data models
              • Reference against proprietary databases
              • Corroboration with industry experts

              REPORT WRITING

              Qualitative

              • Market drivers
              • Market challenges
              • Market trends
              • Five forces analysis

              Quantitative

              • Market size and forecast
              • Market segmentation
              • Geographical insights
              • Competitive landscape

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              meal replacement market market

              Key Questions Answered

              • What are the key global market and the regional market share?
              • What are the revenue-generating key market segments?
              • What are the key factors driving and challenging this market’s growth?
              • Who are the key market vendors and their growth strategies?
              • What are the latest trends influencing the growth of this market?
              • What are the variables influencing the market growth in the primary regions?
              • What are the factors influencing the growth of the parent market?

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