North America Meal-Replacement Products Market

North America Meal-Replacement Products Market Overview

Meal-Replacement Products is a set of drinks, soup, or bars, which is a substitute for the food meal. Meal-Replacement Products contains a specific amount of calories and nutrients in a prescribed way. Meal-Replacement Products incorporate proper labeling information to reduce fat content and provides efficient energy without malnutrition. In the United States, Food and Drug Administration regulations said that meal-replacement products constitute pre-packaged bars and beverage ranges that replaces general meals. Meal-Replacement Products generally bifurcated into Ready-to-Drink Products, Shakes, Edible Bars, Powdered Products, and Others, which extensively used in a diverse type of the applications in the market.

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Major North America Meal-Replacement Products Market Drivers

Rising health benefits in the meal-replacement products in comparison to the conventional meals in the consumer base is driving the demand of the North America meal-replacement products market. Also, growing consumer awareness regarding healthy food habits will further boost the application of the North America meal-replacement products market. Besides, rapid urbanization with hectic lifestyles and new product launches will propel the North America Meal-Replacement Products market. Moreover, easy availability in retail outlets will inculcate the North America meal-replacement products market. Major giants in the food processing industry are launching new product ranges that will further propel the North America meal-replacement products market. However, the overdose of the meal-replacement products will illustrate some side-effects like bloating and diarrhea, which is a key restraint for the North America meal-replacement products in the market.

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The meal-replacement products involve shakes, ready-to-drink beverages, edible snack bars, and powdered products amongst the consumer base. The beverages comprise high protein content, vitamins as well as minerals for muscle development, improve endurance power, and stimulates the growth of the muscle. However, the edible protein snack bars are delivering a proper set of the meal with the addition of the oat fibers with added fruit extracts, condiments, and nuts which will further increase the demand of the North America meal-replacement products in the market.

The meal-replacement products are a good source of vitamins, minerals, fiber, and low-calorie based ingredients to raise the body’s metabolism, support the immune system, and lowers the risk of the liver, kidney, gastrointestinal and heart strokes. The meal-replacement products expanded in a diverse range of the functions for the full health strength of the body and minimized the epidemic chances of the illnesses. The weight-loss comprises a relief from diabetes, heart diseases, hypertension, and obesity by frequent intake of the meal-replacement products. The meal-replacement products deliver the wound healing process across the skin tissues to minimizes the time-interval of the post-trauma repairing process, which will be anticipated to drive the North America meal-replacement products in the market.

Based on the distribution channel, supermarkets, online stores, and food services are providing a wide range of products at superior quality with reasonable prices, which will be expected to deliver significant market growth during the forecast period. Also, growing urbanization with the rise of the hectic lifestyle will further be expected to propel the North America meal-replacement products market.

Major countries in North American countries are delivering a varied range of products at a competitive price among the consumer base. Moreover, the U.S. will be projected to have the highest market share because of the high contingency of the obesity and cardio-vascular diseases-oriented population, which is further be expected to incline to move towards vegan food products. Furthermore, a busy lifestyle and high adoption of fast-food consumption is expected to increase the demand for North America meal-replacement products in the market.

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Top Market Players

Various notable players operating in the market, include 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. among others. Main leading players are focussing on providing Meal-Replacement latest products with product innovation by adding different sets of the condiments, floral extracts as well as fruit extracts to revitalize vegan foods in the market is a crucial factor to build the Meal-Replacement Products market. Moreover, the product expansion onto the e-retailers as well as the gym centers, which will further propel the North America meal-replacement products in the market.

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Key Developments

• • In November 2019, Soylent has launched meal-replacement beverages in two variants, such as strawberry and mint chocolate as a scale of the diverse product innovation. The Soylent targeted renowned packaging with iconic red branding.
  • In July 2019, Huel has launched ready-to-drink beverage in chocolate flavor firstly in the United States. The RTD drink constitutes a substantial amount of the calories and adequate range of the protein, vitamins, minerals, and nutrients, roughly around USD 1.95 per meal.
  • In January 2019, General Mills delivered product expansion for Fiber One breakfast cereal range with vanilla and strawberry variants. General Mills Inc. includes real strawberries and vanilla clusters for more fiber-rich meals.

Segments covered in the Report:

The North America Meal-Replacement Products Market has been segmented based on product, application, distribution channel and countries for the forecast period from 2020 to 2027. Based on product, the market is segmented Beverages, Shakes, Edible Bars, Powdered Products and Others. On the basis of application type, the market is categorized into Weight Loss, Weight Gain, Convalescence, Wound Healing, Physical Fitness and Others. Based on distribution channel type, the market is categorized into Online stores, Supermarkets, Food Services and Others. On the basis of countries type, the market is categorized into U.S., Canada.

Key questions answered in this research report:

• • At what pace is North America Meal-Replacement Products Market growing? What will be the growth trend in the future?
  • What are the key drivers and restraints in the current market? What will be the impact of drivers and restraints in the future?
  • What are the various application areas and how they are poised to grow?
  • Which product generated maximum revenues in 2019 and identify the most promising product during the forecast period?
  • What companies are the major participants in this market and their business strategies, how does the competitive landscape look like?

Report Coverage	Details
Market Base Year	2019
Market Forecast Period	2020-2027
Market Revenues Currency	USD Million
Base Year & Forecast Units	Revenues (USD Million)
Market Segment	By Product, By Application, By Distribution Channel
Regional Coverage	North America
Companies Profiled	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. , among others; a total of 11 companies covered.
25% Free Customization Available	We will customize this report up to 25% as a free customization to address our client’s specific requirements

Market Segmentation

North America Meal-Replacement Products Market by Product

• • Beverages
    • Ready-to-Drink Products
      • Lactose free
      • Low carbohydrate
    • Shakes
      • Lactose free
      • Low carbohydrate
      • Low sugar
      • Low fat
  • Edible Bars
  • Powdered Products
    • Weight loss
    • Weight gain
  • Others

North America Meal-Replacement Products Market by Application

• • Weight Loss
  • Weight Gain
  • Convalescence
  • Wound Healing
  • Physical Fitness
  • Others

North America Meal-Replacement Products Market by Distribution Channel

• • Online stores
  • Supermarkets
  • Food Services
  • Others

North America Meal-Replacement Products Market by Countries

• • USA Meal-Replacement Products Market All-Up (Option 1: As a part of free 25% Customization)
  • Canada Meal-Replacement Products Market All-Up (Option 2: As a part of free 25% Customization)

Leading market players (Option 3: Free 25% Customization – Profiles of 5 Additional Companies of your Choice)

• • Blue Diamond Growers
  • General Mills, Inc.
  • Abbott Nutrition
  • Bob Red Mill Natural Foods
  • Kraft Heinz Co.
  • Kellogg Company
  • Nutrisystem
  • Herbalife Nutrition
  • Healthy ‘N Fit International Inc.
  • Wild Oats Marketplace
  • Rosa Food Products Co., Inc.