North America Meal Replacement Market Research Report Data By Product Type, by Nature, by Price Range, by Category, by Application, by End User, by Distribution Channel, and by Region Forecast Till 2032

Description

List of Tables

North America Meal Replacement Market Research Report Data By Product Type (powder, ready -to-drink, bars, and others), by Nature (organic and regular), by Price Range (economy/mass and premium), by Category (plant-based, gluten-free, nut-free, and others), by Application (muscle building, weight loss, weight gain, and energy), by End User (residential and commercial), by Distribution Channel (supermarket & hypermarket, convenience stores, specialty stores, and online), and by Region (US, Canada, Mexico) Forecast Till 2032

Overview of the Market

In 2023, the North American meal replacement market was estimated to be worth USD 6,219.34 million. According to projections, the meal replacement market would expand at a compound annual growth rate (CAGR) of 7.71% from 2024 to 2032, reaching USD 11,974.53 million.

The market for meal replacements in North America has changed significantly in recent years due to consumer preferences for organic, vegan, and free-from products. The main causes of this increase are increased consciousness and care for food safety, sustainability, and health. As customers place a greater value on natural and healthful ingredients, organic meal replacements-which eschew chemical additives and preservatives-are becoming more and more popular. A larger movement in favor of sustainable agriculture and the growing conviction that organic foods provide better health advantages are reflected in the increased demand for organic options. In a similar vein, the growing acceptance of plant-based diets is driving the popularity of vegan meal replacements. Vegan products appeal to consumers not just because they may have health benefits but also because they are in line with moral principles on environmental impact and animal welfare.

Perspectives on Market Segments

The North American meal replacement market has been divided into many product categories, such as bars, powder, and ready-to-drink.

The market has been divided into two categories based on its nature: regular and organic.

The North American meal replacement market has been divided into premium and economy/mass segments based on price range.

The market has been divided into plant-based, gluten-free, nut-free, and other categories.

The market has been divided into four segments based on the application: energy, weight gain, weight loss, and muscle building.

The North American meal replacement market has been divided into residential and commercial segments based on the end user.

The market has been divided into supermarkets and hypermarkets, convenience stores, specialty shops, and internet retailers based on the distribution route.

Local Perspectives

The report divides the market into three regions: the US, Canada, and Mexico. With a market value of USD 5,112.59 million and a market share of 82.20%, the US sector held the biggest market share in 2023. The strong growth of the meal replacement industry in the US is being driven by the growing need for portable, on-the-go nutrition solutions.

In Canada, customers' quest for quick, healthful alternatives to regular meals is fueling the growing popularity of meal replacements. Busy lives and a growing interest in weight loss and fitness are the main factors driving the popularity of meal replacements. Consumers are searching for plant-based, high-protein, low-sugar products that meet a variety of dietary needs, including vegan and keto preferences.

Mexico's meal replacement market is growing because of busy lifestyles, more urbanization, and growing health consciousness. Customers are increasingly choosing meal replacements as quick and affordable alternatives to traditional meals, especially for those trying to get in better shape and reduce weight.

Key Players

The Simply Good Foods Company (US), Abbott Laboratories (USA), Kellanova (US), Nestle S.A. (Switzerland), Amway Corporation (US), Glanbia PLC (Ireland), General Mills Inc. (USA), Herbalife Ltd. (US), and Huel (Hertfordshire) are important players in the meal replacement market.

Product Code: MRFR/F-B & N/29708-CR

1 EXECUTIVE SUMMARY

1.1 MARKET ATTRACTIVENESS ANALYSIS
- 1.1.1 NORTH AMERICA MEAL REPLACEMENT MARKET, BY PRODUCT TYPE
- 1.1.2 NORTH AMERICA MEAL REPLACEMENT MARKET, BY NATURE
- 1.1.3 NORTH AMERICA MEAL REPLACEMENT MARKET, BY PRICE RANGE
- 1.1.4 NORTH AMERICA MEAL REPLACEMENT MARKET, BY CATEGORY
- 1.1.5 NORTH AMERICA MEAL REPLACEMENT MARKET, BY APPLICATION
- 1.1.6 NORTH AMERICA MEAL REPLACEMENT, BY END USER
- 1.1.7 NORTH AMERICA MEAL REPLACEMENT, BY DISTRIBUTION CHANNEL

2 MARKET INTRODUCTION

2.1 DEFINITION
2.2 SCOPE OF THE STUDY
2.3 RESEARCH OBJECTIVE
2.4 MARKET STRUCTURE

3 RESEARCH METHODOLOGY

3.1 OVERVIEW
3.2 DATA FLOW
- 3.2.1 DATA MINING PROCESS
3.3 PURCHASED DATABASE:
3.4 SECONDARY SOURCES:
- 3.4.1 SECONDARY RESEARCH DATA FLOW:
3.5 PRIMARY RESEARCH:
- 3.5.1 PRIMARY RESEARCH DATA FLOW:
- 3.5.2 PRIMARY RESEARCH: NUMBER OF INTERVIEWS CONDUCTED
- 3.5.3 PRIMARY RESEARCH: REGIONAL COVERAGE
3.6 APPROACHES FOR MARKET SIZE ESTIMATION:
- 3.6.1 CONSUMPTION & NET TRADE APPROACH
- 3.6.2 REVENUE ANALYSIS APPROACH
3.7 DATA FORECASTING
- 3.7.1 DATA FORECASTING TECHNIQUE
3.8 DATA MODELING
- 3.8.1 MICROECONOMIC FACTOR ANALYSIS:
- 3.8.2 DATA MODELING:
3.9 TEAMS AND ANALYST CONTRIBUTION

4 MARKET DYNAMICS

4.1 INTRODUCTION
4.2 DRIVERS
- 4.2.1 RISING OBESITY AND DIABETES RATES
- 4.2.2 BUSY LIFESTYLES AND CONVENIENCE
- 4.2.3 INNOVATIVE PRODUCT OFFERINGS
4.3 RESTRAINTS
- 4.3.1 INCREASING CONCERN REGARDING ARTIFICIAL/SYNTHETIC INGREDIENTS
- 4.3.2 COMPETITION FROM WHOLE FOODS
4.4 OPPORTUNITY
- 4.4.1 INCREASING SHIFT TOWARDS VEGAN & ORGANIC DIET
- 4.4.2 EXPANSION IN E-COMMERCE
4.5 CHALLENGES
- 4.5.1 MAINTAINING PRODUCT QUALITY
4.6 STRATEGIC INSIGHTS
- 4.6.1 TECHNOLOGY UPDATE
- 4.6.2 REGIONAL MARKETS TO LOOKOUT FOR
4.7 MARKET TRENDS
4.8 IMPACT ANALYSIS OF COVID-19
- 4.8.1 IMPACT ON OVERALL FOOD INDUSTRY
  - 4.8.1.1 ECONOMIC IMPACT
- 4.8.2 IMPACT ON THE NORTH AMERICA MEAL REPLACEMENT MARKET
- 4.8.3 IMPACT ON THE SUPPLY CHAIN OF MEAL REPLACEMENT
- 4.8.4 IMPACT ON MARKET DEMAND FOR MEAL REPLACEMENT
  - 4.8.4.1 IMPACT OWING TO RESTRICTIONS/LOCKDOWN
  - 4.8.4.2 CONSUMER SENTIMENTS
- 4.8.5 IMPACT ON PRICING OF MEAL REPLACEMENT
- 4.8.6 CONSUMER BEHAVIOUR ANALYSIS

5 MARKET FACTOR ANALYSIS

5.1 VALUE CHAIN ANALYSIS
- 5.1.1 RAW MATERIALS
- 5.1.2 MANUFACTURING / PRODUCTION/ PROCESSING
- 5.1.3 PACKING
5.2 SUPPLY CHAIN ANALYSIS
- 5.2.1 PARTICIPANTS (AT DIFFERENT NODES)
  - 5.2.1.1 RAW MATERIAL SUPPLIERS
  - 5.2.1.2 MANUFACTURERS
  - 5.2.1.3 DISTRIBUTION CHANNEL
  - 5.2.1.4 END USER
- 5.2.2 INTEGRATION LEVELS
- 5.2.3 KEY ISSUES ADDRESSED (KEY SUCCESS FACTORS)
5.3 PORTER'S FIVE FORCES MODEL
- 5.3.1 THREAT OF NEW ENTRANTS
- 5.3.2 BARGAINING POWER OF SUPPLIERS
- 5.3.3 THREAT OF SUBSTITUTES
- 5.3.4 BARGAINING POWER OF BUYERS
- 5.3.5 INTENSITY OF RIVALRY
5.4 REGULATORY LANDSCAPE

6 NORTH AMERICA MEAL REPLACEMENT MARKET, BY PRODUCT TYPE

6.1 INTRODUCTION
6.2 POWDER
6.3 READY -TO-DRINK
6.4 BARS
6.5 OTHERS

7 NORTH AMERICA MEAL REPLACEMENT MARKET, BY NATURE

7.1 INTRODUCTION
7.2 ORGANIC
7.3 REGULAR

8 NORTH AMERICA MEAL REPLACEMENT MARKET, BY PRICE RANGE

8.1 INTRODUCTION
8.2 ECONOMY/MASS
8.3 PREMIUM

9 NORTH AMERICA MEAL REPLACEMENT MARKET, BY CATEGORY

9.1 INTRODUCTION
9.2 PLANT-BASED
9.3 GLUTEN-FREE
9.4 NUT-FREE
9.5 OTHERS

10 NORTH AMERICA MEAL REPLACEMENT MARKET, BY APPLICATION

10.1 INTRODUCTION
10.2 MUSCLE BUILDING
10.3 WEIGHT LOSS
10.4 WEIGHT GAIN
10.5 ENERGY

11 NORTH AMERICA MEAL REPLACEMENT MARKET, BY END USER

11.1 INTRODUCTION
11.2 RESIDENTIAL
11.3 COMMERCIAL

12 NORTH AMERICA MEAL REPLACEMENT MARKET, BY DISTRIBUTION CHANNEL

12.1 INTRODUCTION
12.2 SUPERMARKET & HYPERMARKET
12.3 CONVENIENCE STORES
12.4 SPECIALTY STORES
12.5 ONLINE

13 NORTH AMERICA MEAL REPLACEMENT MARKET, BY REGION

13.1 OVERVIEW
13.2 NORTH AMERICA
- 13.2.1 US
- 13.2.2 CANDA
- 13.2.3 MEXICO

14 COMPETITIVE LANDSCAPE

14.1 INTRODUCTION
14.2 COMPETITION DASHBOARD
- 14.2.1 PRODUCT PORTFOLIO
- 14.2.2 REGIONAL PRESENCE
- 14.2.3 STRATEGIC ALLIANCES
- 14.2.4 INDUSTRY EXPERIENCES
14.3 MARKET SHARE ANALYSIS, 2023
14.4 WHO ARE THE MAJOR DISRUPTORS & INNOVATORS
14.5 WHAT STRATEGIES ARE BEING ADOPTED BY MARKET LEADERS
14.6 COMPARATIVE ANALYSIS: KEY PLAYERS FINANCIAL
14.7 LIST OF KEY PLAYERS/BRANDS, BY REGION
14.8 KEY DEVELOPMENTS & GROWTH STRATEGIES
- 14.8.1 PRODUCT LAUNCH
- 14.8.2 MERGER & ACQUISITION
- 14.8.3 PARTERSHIP
- 14.8.4 PARTERSHIP

15 COMPANY PROFILES

15.1 GENERAL MILLS INC.
- 15.1.1 COMPANY OVERVIEW
- 15.1.2 FINANCIAL OVERVIEW
- 15.1.3 PRODUCTS OFFERED
- 15.1.4 KEY DEVELOPMENTS
- 15.1.5 SWOT ANALYSIS
- 15.1.6 KEY STRATEGY
15.2 HERBALIFE LTD.
- 15.2.1 COMPANY OVERVIEW
- 15.2.2 FINANCIAL OVERVIEW
- 15.2.3 PRODUCTS OFFERED
- 15.2.4 KEY DEVELOPMENTS
- 15.2.5 SWOT ANALYSIS
- 15.2.6 KEY STRATEGY
15.3 GLANBIA PLC
- 15.3.1 COMPANY OVERVIEW
- 15.3.2 FINANCIAL OVERVIEW
- 15.3.3 PRODUCTS OFFERED
- 15.3.4 KEY DEVELOPMENTS
- 15.3.5 SWOT ANALYSIS
- 15.3.6 KEY STRATEGY
15.4 THE SIMPLY GOOD FOODS COMPANY
- 15.4.1 COMPANY OVERVIEW
- 15.4.2 FINANCIAL OVERVIEW
- 15.4.3 PRODUCTS OFFERED
- 15.4.4 KEY DEVELOPMENTS
- 15.4.5 SWOT ANALYSIS
- 15.4.6 KEY STRATEGY
15.5 HUEL
- 15.5.1 COMPANY OVERVIEW
- 15.5.2 FINANCIAL OVERVIEW
- 15.5.3 PRODUCTS OFFERED
- 15.5.4 KEY DEVELOPMENTS
- 15.5.5 SWOT ANALYSIS
- 15.5.6 KEY STRATEGY
15.6 STARCO BRANDS, INC.
- 15.6.1 COMPANY OVERVIEW
- 15.6.2 FINANCIAL OVERVIEW
- 15.6.3 PRODUCTS OFFERED
- 15.6.4 KEY DEVELOPMENTS
- 15.6.5 SWOT ANALYSIS
- 15.6.6 KEY STRATEGY
15.7 ABBOTT LABORATORIES
- 15.7.1 COMPANY OVERVIEW
- 15.7.2 FINANCIAL OVERVIEW
- 15.7.3 PRODUCTS OFFERED
- 15.7.4 KEY DEVELOPMENTS
- 15.7.5 SWOT ANALYSIS
- 15.7.6 KEY STRATEGY
15.8 KELLANOVA
- 15.8.1 COMPANY OVERVIEW
- 15.8.2 FINANCIAL OVERVIEW
- 15.8.3 PRODUCTS OFFERED
- 15.8.4 KEY DEVELOPMENTS
- 15.8.5 SWOT ANALYSIS
- 15.8.6 KEY STRATEGY
15.9 NESTLE S.A.
- 15.9.1 COMPANY OVERVIEW
- 15.9.2 FINANCIAL OVERVIEW
- 15.9.3 PRODUCTS OFFERED
- 15.9.4 KEY DEVELOPMENTS
- 15.9.5 SWOT ANALYSIS
- 15.9.6 KEY STRATEGY
15.10 AMWAY CORPORATION
- 15.10.1 COMPANY OVERVIEW
- 15.10.2 FINANCIAL OVERVIEW
- 15.10.3 PRODUCTS OFFERED
- 15.10.4 KEY DEVELOPMENTS
- 15.10.5 SWOT ANALYSIS
- 15.10.6 KEY STRATEGY
15.11 DATA CITATIONS