North American Meal Replacement Products market is anticipated to showcase moderate CAGR of 3.8% during the forecast period (2021-2027). Meal replacement products have high nutritional value with low calories. The growing demand for instant energy giving ready to go food items owing to the busy lifestyles of people is a key factor promoting the growth of the regional market. Over the past several decades, Americans have grown to rely on the convenience of food speared outside of the home. Convenient foods often contain fewer fruits and vegetables and have more calories, fat, and sodium that leads to problems such as obesity, cholesterol, and hypertension.
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The United States Department of Agriculture (USDA) legislation aims to motivate consumers to make healthier food options. Easy availability and affordability of different food choices, nutrition and diet quality are the key factors that are further contributing towards the growth of the North American Meal replacement products market. Apart from these presence of key market players such as Blue Diamond Growers, General Mills Inc., Abbott Nutrition, Bob Red Mill Natural Foods, Kraft Heinz Co., Kellogg Company, Herbalife, and Healthy ‘N Fit International Inc. among others in the region is again driving the growth of the regional market.
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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North American 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
