Global Meal Replacement Product Market Size Reached $11.87 Billion in 2023

Meal replacement products, as the name suggests, refer to food products that can replace regular meals. Generally speaking, meal replacement products have the characteristics of low calorie, high fiber, and strong satiety, and contain a variety of vitamins and minerals, which can meet the daily nutritional needs of the human body.

Segmented Market Analysis

From the perspective of product types, meal replacement products can be classified by form into liquid meal replacement products and solid meal replacement products; According to functional classification, meal replacement products can be divided into nutritional meal replacement products, weight-loss meal replacement products, etc. Nutritional meal replacement products mainly meet the daily nutritional needs of the human body and are suitable for people who need to supplement energy, while weight-loss meal replacement products are mainly used to control dietary calories and are suitable for people who need to lose weight or control their weight; According to the different raw materials, meal substitutes can be divided into grain meal replacement products, protein meal replacement products, and fruit meal replacement products, etc.

From a regional perspective, North America and the Asia Pacific region are the main markets for global meal service products, accounting for nearly 60% of the global market share. From a national perspective, the United States is the world's largest revenue-generating country for meal replacement products. According to our research data, the revenue of the US meal service product market was $4699 million in 2023, with a revenue share of 39.57%.

Global Meal Replacement Product Market Revenue and Share by Region/Country in 2023

Source: www.globalmarketmonitor.com

Source: www.globalmarketmonitor.com