The US Meal Replacement Products market is anticipated to showcase moderate CAGR of 3.6% during the forecast period (2021-2027). The key factors that drive the growth of the meal replacement products market include the increasing focus of meal replacement products manufacturers towards addition of more protein to their meal replacement products. The proportion of US consumers that are opting for a vegetarian or vegan diet is growing, as is the desire for consumers to consume more protein. To meet the growing protein demand of the consumers the product manufacturing companies are adopting different activities to bring innovation in their product offering. Arca Continental, S.A.B. De C.V., Aryzta AG, Conagra Brands, Inc., General Mills, Inc., Grupo Bimbo, Mondelez International, Inc., and Nestlé S.A. among others are contributing towards the USmeal replacement products market growth.
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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. For instance, in May 2019, Herbalife Nutritionhadlaunched Formula 1 Select Meal Replacement shake and Protein Drink Mix Select. The two new plant-based nutrition mixes, formulated with a high-quality blend of pea, quinoa and rice proteins, are the perfect nutritional solution for those with common food allergies such as soy, dairy or gluten, and meet the needs of today’s health conscious consumers who seek alternative sources of protein.
Market Coverage
- Market number available for – 2020-2027
- Base year- 2020
- Forecast period- 2021-2027
- Segment Covered-
- By Product Type
- Distribution Channel
- Competitive Landscape- Hexagon Nutrition Pvt. Ltd., The Kraft Heinz Co., Kellogg Company, General Mills, Abbott Nutrition
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US 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
(This release has been published on OMR Industry Journal. OMR Industry Journal is not responsible for any content included in this release.)
