Asia-Pacific Meal Replacement Products market is anticipated to showcase significant CAGR of 10.0% 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 innovations. The key companies across the region are highly inclined towards expanding their production capabilities via expansion of their production facilities. Further, the key players including Amway, Herbalife, Nestle SA, Glanbia PLC,Mondelez International, Inc., and Bulk Nutrients among others are contributing towards the Asia-Pacific meal 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 January 2018, Herbalife Nutrition India, a global nutritional company, had launched Strawberry flavor variant of Formula 1 Nutritional shake mix in India. This adds to choices offered by the existing line-up of flavors of the highly successful Formula 1 range of protein shakes: Vanilla, Chocolate, Mango and Orange Cream. One serving of Formula 1 Strawberry flavor shake mix provides 95 kcal of energy and is simple to prepare and is also low in glycemic index (GI).
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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
Asia-Pacific 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
Asia-Pacific Meal Replacement Products Market Report Segment by Country
· China
· India
· Japan
· South Korea
· Rest of Asia-Pacific
Company Profiles
· Herbalife International of America, Inc.
· Hexagon Nutrition Pvt. Ltd.
· Amway India
· The Kraft Heinz Co.
· Kellogg Company
· MyDaily Meal
· Marico Industries Ltd (Saffola)
· General Mills
· Abbott Nutrition
· Naturell (India) Pvt. Ltd.
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