Asia-Pacific meal replacement products market is anticipated to showcase significant CAGR if 10.0% during the forecast period. Meal replacement products offers several advantages over traditional full meal; they are easy to digest and offers high nutritional value. According to the WHO, an estimated 6.6 million young children under 5 years and one in five adults are currently overweight in Asia-Pacific region. The high obesity prevalence in the region creates demand forlow fat, and high nutritional food. Therefore, the high demand for nutritional food in the region is anticipated to drive the regional market growth. Cohesive government regulations in the region are further driving market for meal replacement products in the region. The customer’s readiness to adopt bars and shake to replace meals as healthy alternatives to fast foods is anticipated to offer growth opportunities to the growth of the meal replacement products market in Asia-Pacific.
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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
Asia-Pacific 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
Asia-Pacific Meal Replacement Products Market Report Segment by Country
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
The Report Covers
- Comprehensive research methodology of the Asia-Pacific 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 Asia-Pacific meal replacement products Market.
- Insights about market determinants which are stimulating the Asia-Pacific 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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