Report on North America Meal Replacement Market Research Information 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

Report on North America Meal Replacement Market Research Information 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

Market Overview

In 2023, the North American meal replacement market was valued at USD 6,219.34 million. The Meal Replacement industry is expected to increase from 2024 to USD 11,974.53 million by 2032, with a compound annual growth rate (CAGR) of 7.71% over the forecast period (2024-2032). The North American meal replacement market has undergone a revolutionary transition in recent years, owing to increased obesity and diabetes rates, a busy lifestyle and convenience, and creative product choices.

In recent years, the North American meal replacement market has evolved significantly, owing to a movement in customer tastes toward organic, vegan, and free-from products. This surge is primarily driven by increased awareness and concern about health, sustainability, and food safety. Organic meal replacements, which do not contain artificial additives or preservatives, are gaining popularity as customers value natural and healthful foods. The increased demand for organic alternatives reflects a larger trend toward sustainable agriculture and a growing perception that organic meals provide superior health advantages.

Market Segment insights

The North American Meal Replacement market is divided into four product types: powder, ready-to-drink, bars, and others.

The market is divided into two categories based on nature: organic and regular.

The North American Meal Replacement market is divided into two price ranges: economy/mass and premium.

The market is divided into four categories: plant-based, gluten-free, nut-free, and others.

The North American Meal Replacement market is divided into four segments based on application: muscle growth, weight loss, weight gain, and energy.

The market is divided into two segments based on the end user: residential and commercial.

The market is divided into four distribution channels: supermarkets and hypermarkets, convenience stores, specialty stores, and online.

Regional insights

The market is segmented by region, with the United States, Canada, and Mexico included. In 2023, the US sector had the greatest market share, with a market value of USD 5,112.59 million, or 82.20%. The growing demand for portable, on-the-go nutrition solutions is driving the rapid growth of the meal replacement market in the United States. Meal replacements are becoming popular among health-conscious clients, working professionals, and fitness enthusiasts who want comprehensive nutrition without having to prepare meals.

Meal replacements are growing increasingly popular in Canada, driven by consumers' need for quick, nutritious alternatives to traditional meals. Meal replacements are becoming increasingly popular due to hectic lifestyles and a growing interest in fitness and weight management.

Mexico's meal replacement market is growing due to factors such as hectic lifestyles, increased urbanization, and increased health consciousness. Meal replacements are becoming increasingly popular among consumers as quick and economical alternatives to normal meals, especially for those trying to reduce weight and improve their fitness.

Major Players

General Mills Inc. (USA), Herbalife Ltd. (US), Glanbia PLC (Ireland), The Simply Good Foods Company (US), Huel (Hertfordshire), Starco Brands, Inc. (US), Abbott Laboratories (USA), Kellanova (US), Nestle S.A. (Switzerland), and Amway Corporation (US), among others.

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