India meal replacement products market is anticipated to showcase significant CAGR of 15.8% during the forecast period. The changing lifestyles and increasing purchasing power of the consumers have been the major factors surging demand for meal replacement products, which is expected to increase at a brisk rate during the forecast period, compared to the last few years. High preference for convenience products, particularly among middle-to-higher-income consumers, due to rising urbanization levels and busier lifestyles, is impacting the eating habits of consumers. With the rise in disposable incomes and busy lifestyles, consumers have been increasingly replacing main meals with more flexible, convenient, and light snacking options for the past few years. Moreover, the meal replacement products offer several advantages over traditional full meal; they are easy to digest and offers high nutritional value. Therefore, the high demand for nutritional food in the country is anticipated to drive the country’s market growth.
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The meal replacement products market is segmented on the basis of product type and distribution channel. Based on the product type, the meal replacement products Market is segmented intoready-to-drink products, nutritional bars, powdered products, and others. Based on product type, ready to drink products hold considerable share in meal replacement products market in 2020. Easy availability, affordability, and instant energy booster are the key factors contributing towards the high share of ready to drink products in meal replacement products market. Based on distribution channel, the meal replacement products Market is segmented into convenience stores, supermarket/hypermarket, online store, others.
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- Market Coverage
- Market number available for – 2022-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill Inc., and others
India Meal Replacement Products Market Report Segment
By Product Type
- Ready-to-Drink Products
- Nutritional Bars
- Powdered Products
- Others
By Distribution Channel
- Convenience Stores
- Supermarket/Hypermarket
- Online Store
- Others
The Report Covers
- Comprehensive research methodology of the India meal replacement products market.
- This report also includes a detailed and extensive market overview with key analyst insights.
- An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
- Analysis of regional regulations and other government policies impacting the India meal replacement products market.
- Insights about market determinants which are stimulating the India meal replacement products market.
- Detailed and extensive market segments with regional distribution of forecasted revenues.
- A profiles and recent developments of market players.
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