US Meal Replacement Products Market Size & Growth Analysis Report, 2021-2027
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.
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·
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
US Meal
Replacement Products Market Report Segment
·
Ready-to-Drink
Products
·
Nutritional
Bars
·
Powdered
Products
·
Others
By
Distribution Channel
·
Convenience
Stores
·
Supermarket/Hypermarket
·
Online
Store
·
Others
Company Profiles
·
Blue
Diamond Growers
·
General
Mills Inc.
·
Abbott
Nutrition
·
Bob Red
Mill Natural Foods
·
Kraft
Heinz Co.
·
Kellogg
Company
·
Nutrisystem
·
Herbalife
·
Healthy
‘N Fit International Inc.
·
Wild
Oats Marketplace
·
Rosa
Food Products Co., Inc.
·
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