Global Meal Replacement Products market is anticipated to showcase moderate CAGR of 6.5% during the forecast period (2024-2031). The key factors that drive the growth of the meal replacement products market include the increasing focus of meal replacement products manufacturers towards innovations. The key companies across the globe are highly inclined towards expanding their production capabilities via expansion of their production facilities. For instance, in February 2020, Ascent Protein, a wholly owned subsidiary of Leprino Foods, Denver had launched Recovery Water, a water-based beverage that pairs high-quality protein with electrolytes to facilitates athletes to optimally recover post-workout.
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Recovery Water contains 20 grams of fast-digesting native whey protein and 2.5 grams of naturally occurring leucine to trigger muscle protein synthesis. It has 100 calories and zero artificial ingredients. Recovery Water is gluten-free, soy-free and made from whey produced without the artificial growth hormones rBST or rBGH. Further, the key players including Aryzta AG, Calbee, Inc., Campbell Soup Co., Conagra Brands, Inc., General Mills, Inc., Lamb Weston Holdings, Inc., Lorenz Bahlsen Snack-World Gmbh& Co KG, Mondelez International, Inc., Nestlé S.A. are contributing towards the global meal replacement products market growth.These manufacturers are adopting different growth strategies including capacity expansion, mergers and acquisitions, new product launch, and product innovation to remain competitive in the marketplace.
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Market Coverage
- Segment Covered-
o By Product Type
o Distribution Channel
- Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of World
- Competitive Landscape- Hexagon Nutrition Pvt. Ltd., The Kraft Heinz Co., Kellogg Company, General Mills, Abbott Nutrition
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominates the market in base year?
- Which segment and region will project fastest growth in the market?
- How COVID-19 impacted the market?
o Deviation from pre-COVID forecast
o Most affected region and segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
Global 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
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