MarketResearchNest.com adds “Global Meal Replacement Market 2017-2021” new report to its research database. The report spread across 72 pages with table and figures in it.
Research analysts forecast the global meal replacement market to grow at a CAGR of 6.83% during the period 2017-2021.
About Meal Replacement
Meal replacement products are calorie-controlled, pre-packaged products such as bars and beverages, which can replace a solid heavy meal. Meal replacement products have many nutritional benefits. Moreover, they are affordable and convenient. Initially, meal replacement products were used by the elderly population, but now they are being marketed to adults. Several marketing activities are also being carried out by major brands to create more awareness about meal replacement products.
Covered in this report
The report covers the present scenario and the growth prospects of the global meal replacement market for 2017-2021. To calculate the market size, the report considers volume, and value of the market.
Browse full table of contents and data tables at https://www.marketresearchnest.com/global-meal-replacement-market-2017-2021.html
The market is divided into the following segments based on geography:
Technavio’s report, Global Meal Replacement Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Technavio Announces the Publication of its Research Report – Global Meal Replacement Market 2017-2021
Technavio recognizes the following companies as the key players in the global meal replacement market: Abbott, Herbalife, Kellogg, Nestlé, and SlimFast.
Other Prominent Vendors in the market are: Amazing Grass, Glanbia, GlaxoSmithKline, Healthy ‘N Fit International, Kraft Heinz, MET-Rx, Nouveau Dietetique, Nutiva, Nutrisystem, Onnit Labs, Orgain, and Ultimate Superfoods.
Commenting on the report, an analyst from Research team said: “One trend in the market is popularity of protein bars and shakes. There is growing demand for protein bars and shakes, and this trend has the potential to drive the market in the coming years. Consumers are increasingly consuming protein bars due to their health benefits. Protein bars are high in protein and fiber and low in carbohydrates and sodium. They also contain vitamins, minerals, and antioxidants.”
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According to the report, one driver in the market is health benefits associated with meal replacement products. The modern lifestyle has led to considerable changes in the dietary habits of people across the world. Consumers are becoming more health conscious and seeking food products with more nutritional content. The hectic lifestyle of consumers is also increasing the demand for meal replacement products. Also, an increase in the number of working women globally has reduced the amount of time women spend cooking. Moreover, the rise in the number of fitness centers and clubs also has a positive impact on the demand for meal replacement products with high protein content, which helps to repair muscles.
Further, the report states that one challenge in the market is lack of awareness about meal replacement products. Despite an increase in consumption of meal replacement products in various forms, there are sections of the global population that are ignorant about the benefits these products offer. Some sections of the population in developing countries are consuming an unbalanced diet. Many people are unaware of the nutritional deficiency and recognize the condition only when it has escalated to many serious health disorders. Thus, the lack of awareness about meal replacement products is impacting the overall sales in the global meal replacement market.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
Key questions answered in this report: What will the market size be in 2021 and what will the growth rate be; What are the key market trends; What is driving this market; What are the challenges to market growth; Who are the key vendors in this market space; What are the market opportunities and threats faced by the key vendors; What are the strengths and weaknesses of the key vendors;
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Mr. Jeet Jain