The Asia Pacific Meal Replacement Products Market is expected to grow at a CAGR of 8.1% during 2019-2025. The China market dominated the Asia Pacific Meal Replacement Products Market by Country 2018, thereby, growing at a CAGR of 5.9% during the forecast period.
There is a growing demand for healthy food and customers are searching for, food products that have high nutritional content. Especially among employed-class people, teenage children, people living in hostels, bachelors, sharing rooms, etc., convenient food has become popular. these food items are used to shorten meal preparation time at home. Most convenient foods can be consumed immediately or after adding some water, heating or thawing.
This market demand has driven the development of a global food processing and distribution industry network, offering all kinds of convenience foods. Today, tens of thousands of different kinds of convenience foods are being offered for sale to customers worldwide at any given time. All of them offer consumers the benefits of readily available, simple, inexpensive, and often surprisingly pleasing organoleptic quality food that requires only minimal or no preparation before consumption.
Consumers want bars and shake to replace meals as healthy alternatives to fast foods. This trend is expected to provide market players with growth opportunities. In addition, product availability of different combinations of nutrients is expected to bode well for demand. In the market for meal replacement products, the tendency towards vegan food is expected to encourage innovation. Major manufacturers like Soylent manufacture plant-based meals to meet the increased demand for vegan options.
The Asia-Pacific region is projected to witness the highest growth rate over the forecast period. Growth is expected to be driven by rapid urbanization, population explosion, and awareness of various nutritional dietary needs in developing countries like China and India. In addition, the rising e-commerce sector is expected to boost the sales of meal replacement products in these regions.
It is anticipated that a hectic lifestyle coupled with rising demand for good, high-quality and healthy food items will drive market growth. In addition, it is anticipated that long working hours and an increasing number of people living a sedentary lifestyle would drive the market for ready-to-eat meal replacement products. Such foods provide the right balance of fats, calories, protein, and other important nutrients and take far less time to cook. In addition, the introduction of clean labels has escalated consumer awareness of the nutrition and ingredient list. This is a key factor that would boost the demand for natural and organic meal replacement foods.
Free Valuable Insights: Meal Replacement Products Market in Asia Pacific is expected to register a CAGR of 8.1% during the forecast period (2019-2025)
Based on Product, the market is segmented into Powder, Ready to Drink and Protein Bar. Based on Distribution Channel, the market is segmented into Online and Offline. The report also covers geographical segmentation of Meal Replacement Products market. The countries included in the report are China, Japan, India, South Korea, Singapore, Malaysia and Rest of Asia Pacific.
Key companies profiled in the report include Abbott Laboratories (Abbott Nutrition), Glanbia PLC, General Mills, Inc., Bob’s Red Mill Natural Foods, Inc., Unilever PLC, Nestle S.A., Herbalife International Inc., Kellogg Company, The Kraft Heinz Company and Blue Diamond Growers, Inc.
Scope of the Meal Replacement Products Market Analysis
Market Segmentation:
By Product
- Powder
- Ready to Drink and
- Protein Bar
By Distribution Channel
By Country
- China
- Japan
- India
- South Korea
- Singapore
- Australia
- Rest of Asia Pacific
Companies Profiled
- Abbott Laboratories (Abbott Nutrition)
- Glanbia PLC
- General Mills, Inc.
- Bob’s Red Mill Natural Foods, Inc.
- Unilever PLC
- Nestle S.A.
- Herbalife International Inc.
- Kellogg Company
- The Kraft Heinz Company and
- Blue Diamond Growers, Inc.
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 Asia Pacific Meal Replacement Products Market, by Product
1.4.2 Asia Pacific Meal Replacement Products Market, by Distribution Channel
1.4.3 Asia Pacific Meal Replacement Products Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.2 Market Composition and Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. Global Meal Replacement Products Market – Competition Analysis
3.1 KBV Cardinal Matrix
3.2 Recent Industry Wide Strategic Developments
3.2.1 Partnerships, Collaborations and Agreements
3.2.2 Product Launches and Product Expansions
3.2.3 Expansions
3.2.4 Mergers & Acquisitions
3.3 Top Winning Strategies
3.3.1 Key Leading Strategies: Percentage Distribution (2015-2019)
3.3.2 Key Strategic Move: (Product Launches and Product Expansions : 2019-Jun – 2016-Mar) Leading Players
Chapter 4. Asia Pacific Meal Replacement Products Market by Product
4.1 Asia Pacific Powder Market by Country
4.2 Asia Pacific Ready to Drink Market by Country
4.3 Asia Pacific Protein Bar Market by Country
Chapter 5. Asia Pacific Meal Replacement Products Market by Distribution Channel
5.1 Asia Pacific Online Market by Country
5.2 Asia Pacific Offline Market by Country
Chapter 6. Asia Pacific Meal Replacement Products Market by Country
6.1 China Meal Replacement Products Market
6.1.1 China Meal Replacement Products Market by Product
6.1.2 China Meal Replacement Products Market by Distribution Channel
6.2 Japan Meal Replacement Products Market
6.2.1 Japan Meal Replacement Products Market by Product
6.2.2 Japan Meal Replacement Products Market by Distribution Channel
6.3 India Meal Replacement Products Market
6.3.1 India Meal Replacement Products Market by Product
6.3.2 India Meal Replacement Products Market by Distribution Channel
6.4 South Korea Meal Replacement Products Market
6.4.1 South Korea Meal Replacement Products Market by Product
6.4.2 South Korea Meal Replacement Products Market by Distribution Channel
6.5 Singapore Meal Replacement Products Market
6.5.1 Singapore Meal Replacement Products Market by Product
6.5.2 Singapore Meal Replacement Products Market by Distribution Channel
6.6 Malaysia Meal Replacement Products Market
6.6.1 Malaysia Meal Replacement Products Market by Product
6.6.2 Malaysia Meal Replacement Products Market by Distribution Channel
6.7 Rest of Asia Pacific Meal Replacement Products Market
6.7.1 Rest of Asia Pacific Meal Replacement Products Market by Product
6.7.2 Rest of Asia Pacific Meal Replacement Products Market by Distribution Channel
Chapter 7. Company Profiles
7.1 Abbott Laboratories (Abbott Nutrition)
7.1.1 Company Overview
7.1.2 Financial Analysis
7.1.3 Segmental and Regional Analysis
7.1.4 Research & Development Expense
7.1.5 Recent strategies and developments:
7.1.5.1 Product Launches and Product Expansions:
7.2 Glanbia PLC
7.2.1 Company Overview
7.2.2 Financial Analysis
7.2.3 Segmental and Regional Analysis
7.2.4 Research & Development Expense
7.2.1 Recent strategies and developments:
7.2.1.1 Partnerships, Collaborations, and Agreements:
7.2.1.2 Acquisition and Mergers:
7.2.1.3 Product Launches and Product Expansions:
7.3 General Mills, Inc.
7.3.1 Company Overview
7.3.2 Financial Analysis
7.3.3 Segmental and Regional Analysis
7.3.4 Research & Development Expense
7.3.5 Recent strategies and developments:
7.3.5.1 Product Launches and Product Expansions:
7.4 Bob’s Red Mill Natural Foods, Inc.
7.4.1 Company Overview
7.4.2 Recent strategies and developments:
7.4.2.1 Product Launches and Product Expansions:
7.5 Unilever PLC
7.5.1 Company Overview
7.5.2 Financial Analysis
7.5.3 Segmental and Regional Analysis
7.5.4 Research & Development Expense
7.5.5 Recent strategies and developments:
7.5.5.1 Partnerships, Collaborations, and Agreements:
7.5.5.2 Acquisition and Mergers:
7.6 Nestle S.A.
7.6.1 Company Overview
7.6.2 Financial Analysis
7.6.3 Segmental and Regional Analysis
7.6.4 Research& Development Expense
7.6.5 Recent strategies and developments:
7.6.5.1 Product Launches and Product Expansions:
7.6.5.2 Geographic Expansions:
7.7 Herbalife International, Inc.
7.7.1 Company Overview
7.7.2 Financial Analysis
7.7.3 Segmental and Regional Analysis
7.7.4 Recent strategies and developments:
7.7.4.1 Product Launches and Product Expansions:
7.8 Kellogg Company
7.8.1 Company Overview
7.8.2 Financial Analysis
7.8.3 Segmental and Regional Analysis
7.8.4 Research & Development Expense
7.8.5 Recent strategies and developments:
7.8.5.1 Product Launches and Product Expansions:
7.8.5.2 Acquisition and Mergers:
7.9 The Kraft Heinz Company
7.9.1 Company Overview
7.9.2 Financial Analysis
7.9.3 Regional Analysis
7.9.4 Research & Development Expense
7.9.5 Recent strategies and developments:
7.9.5.1 Partnerships, Collaborations, and Agreements:
7.9.5.2 Acquisition and Mergers:
7.9.5.3 Product Launches and Product Expansions:
7.1 Blue Diamond Growers, Inc.
7.10.1 Company Overview
7.10.2 Recent strategies and developments:
7.10.2.1 Product Launches and Product Expansions:
TABLE 1 ASIA PACIFIC MEAL REPLACEMENT PRODUCTS MARKET, 2015 - 2018, USD MILLION
TABLE 2 ASIA PACIFIC MEAL REPLACEMENT PRODUCTS MARKET, 2019 - 2025, USD MILLION
TABLE 3 PARTNERSHIPS, COLLABORATIONS AND AGREEMENTS– MEAL REPLACEMENT PRODUCTS MARKET
TABLE 4 PRODUCT LAUNCHES AND PRODUCT EXPANSIONS– MEAL REPLACEMENT PRODUCTS MARKET
TABLE 5 EXPANSIONS– MEAL REPLACEMENT PRODUCTS MARKET
TABLE 6 MERGERS & ACQUISITIONS – MEAL REPLACEMENT PRODUCTS MARKET
TABLE 7 ASIA PACIFIC MEAL REPLACEMENT PRODUCTS MARKET BY PRODUCT, 2015 - 2018, USD MILLION
TABLE 8 ASIA PACIFIC MEAL REPLACEMENT PRODUCTS MARKET BY PRODUCT, 2019 - 2025, USD MILLION
TABLE 9 ASIA PACIFIC POWDER MARKET BY COUNTRY, 2015 - 2018, USD MILLION
TABLE 10 ASIA PACIFIC POWDER MARKET BY COUNTRY, 2019 - 2025, USD MILLION
TABLE 11 ASIA PACIFIC READY TO DRINK MARKET BY COUNTRY, 2015 - 2018, USD MILLION
TABLE 12 ASIA PACIFIC READY TO DRINK MARKET BY COUNTRY, 2019 - 2025, USD MILLION
TABLE 13 ASIA PACIFIC PROTEIN BAR MARKET BY COUNTRY, 2015 - 2018, USD MILLION
TABLE 14 ASIA PACIFIC PROTEIN BAR MARKET BY COUNTRY, 2019 - 2025, USD MILLION
TABLE 15 ASIA PACIFIC MEAL REPLACEMENT PRODUCTS MARKET BY DISTRIBUTION CHANNEL, 2015 - 2018, USD MILLION
TABLE 16 ASIA PACIFIC MEAL REPLACEMENT PRODUCTS MARKET BY DISTRIBUTION CHANNEL, 2019 - 2025, USD MILLION
TABLE 17 ASIA PACIFIC ONLINE MARKET BY COUNTRY, 2015 - 2018, USD MILLION
TABLE 18 ASIA PACIFIC ONLINE MARKET BY COUNTRY, 2019 - 2025, USD MILLION
TABLE 19 ASIA PACIFIC OFFLINE MARKET BY COUNTRY, 2015 - 2018, USD MILLION
TABLE 20 ASIA PACIFIC OFFLINE MARKET BY COUNTRY, 2019 - 2025, USD MILLION
TABLE 21 ASIA PACIFIC MEAL REPLACEMENT PRODUCTS MARKET BY COUNTRY, 2015 - 2018, USD MILLION
TABLE 22 ASIA PACIFIC MEAL REPLACEMENT PRODUCTS MARKET BY COUNTRY, 2019 - 2025, USD MILLION
TABLE 23 CHINA MEAL REPLACEMENT PRODUCTS MARKET, 2015 - 2018, USD MILLION
TABLE 24 CHINA MEAL REPLACEMENT PRODUCTS MARKET, 2019 - 2025, USD MILLION
TABLE 25 CHINA MEAL REPLACEMENT PRODUCTS MARKET BY PRODUCT, 2015 - 2018, USD MILLION
TABLE 26 CHINA MEAL REPLACEMENT PRODUCTS MARKET BY PRODUCT, 2019 - 2025, USD MILLION
TABLE 27 CHINA MEAL REPLACEMENT PRODUCTS MARKET BY DISTRIBUTION CHANNEL, 2015 - 2018, USD MILLION
TABLE 28 CHINA MEAL REPLACEMENT PRODUCTS MARKET BY DISTRIBUTION CHANNEL, 2019 - 2025, USD MILLION
TABLE 29 JAPAN MEAL REPLACEMENT PRODUCTS MARKET, 2015 - 2018, USD MILLION
TABLE 30 JAPAN MEAL REPLACEMENT PRODUCTS MARKET, 2019 - 2025, USD MILLION
TABLE 31 JAPAN MEAL REPLACEMENT PRODUCTS MARKET BY PRODUCT, 2015 - 2018, USD MILLION
TABLE 32 JAPAN MEAL REPLACEMENT PRODUCTS MARKET BY PRODUCT, 2019 - 2025, USD MILLION
TABLE 33 JAPAN MEAL REPLACEMENT PRODUCTS MARKET BY DISTRIBUTION CHANNEL, 2015 - 2018, USD MILLION
TABLE 34 JAPAN MEAL REPLACEMENT PRODUCTS MARKET BY DISTRIBUTION CHANNEL, 2019 - 2025, USD MILLION
TABLE 35 INDIA MEAL REPLACEMENT PRODUCTS MARKET, 2015 - 2018, USD MILLION
TABLE 36 INDIA MEAL REPLACEMENT PRODUCTS MARKET, 2019 - 2025, USD MILLION
TABLE 37 INDIA MEAL REPLACEMENT PRODUCTS MARKET BY PRODUCT, 2015 - 2018, USD MILLION
TABLE 38 INDIA MEAL REPLACEMENT PRODUCTS MARKET BY PRODUCT, 2019 - 2025, USD MILLION
TABLE 39 INDIA MEAL REPLACEMENT PRODUCTS MARKET BY DISTRIBUTION CHANNEL, 2015 - 2018, USD MILLION
TABLE 40 INDIA MEAL REPLACEMENT PRODUCTS MARKET BY DISTRIBUTION CHANNEL, 2019 - 2025, USD MILLION
TABLE 41 SOUTH KOREA MEAL REPLACEMENT PRODUCTS MARKET, 2015 - 2018, USD MILLION
TABLE 42 SOUTH KOREA MEAL REPLACEMENT PRODUCTS MARKET, 2019 - 2025, USD MILLION
TABLE 43 SOUTH KOREA MEAL REPLACEMENT PRODUCTS MARKET BY PRODUCT, 2015 - 2018, USD MILLION
TABLE 44 SOUTH KOREA MEAL REPLACEMENT PRODUCTS MARKET BY PRODUCT, 2019 - 2025, USD MILLION
TABLE 45 SOUTH KOREA MEAL REPLACEMENT PRODUCTS MARKET BY DISTRIBUTION CHANNEL, 2015 - 2018, USD MILLION
TABLE 46 SOUTH KOREA MEAL REPLACEMENT PRODUCTS MARKET BY DISTRIBUTION CHANNEL, 2019 - 2025, USD MILLION
TABLE 47 SINGAPORE MEAL REPLACEMENT PRODUCTS MARKET, 2015 - 2018, USD MILLION
TABLE 48 SINGAPORE MEAL REPLACEMENT PRODUCTS MARKET, 2019 - 2025, USD MILLION
TABLE 49 SINGAPORE MEAL REPLACEMENT PRODUCTS MARKET BY PRODUCT, 2015 - 2018, USD MILLION
TABLE 50 SINGAPORE MEAL REPLACEMENT PRODUCTS MARKET BY PRODUCT, 2019 - 2025, USD MILLION
TABLE 51 SINGAPORE MEAL REPLACEMENT PRODUCTS MARKET BY DISTRIBUTION CHANNEL, 2015 - 2018, USD MILLION
TABLE 52 SINGAPORE MEAL REPLACEMENT PRODUCTS MARKET BY DISTRIBUTION CHANNEL, 2019 - 2025, USD MILLION
TABLE 53 MALAYSIA MEAL REPLACEMENT PRODUCTS MARKET, 2015 - 2018, USD MILLION
TABLE 54 MALAYSIA MEAL REPLACEMENT PRODUCTS MARKET, 2019 - 2025, USD MILLION
TABLE 55 MALAYSIA MEAL REPLACEMENT PRODUCTS MARKET BY PRODUCT, 2015 - 2018, USD MILLION
TABLE 56 MALAYSIA MEAL REPLACEMENT PRODUCTS MARKET BY PRODUCT, 2019 - 2025, USD MILLION
TABLE 57 MALAYSIA MEAL REPLACEMENT PRODUCTS MARKET BY DISTRIBUTION CHANNEL, 2015 - 2018, USD MILLION
TABLE 58 MALAYSIA MEAL REPLACEMENT PRODUCTS MARKET BY DISTRIBUTION CHANNEL, 2019 - 2025, USD MILLION
TABLE 59 REST OF ASIA PACIFIC MEAL REPLACEMENT PRODUCTS MARKET, 2015 - 2018, USD MILLION
TABLE 60 REST OF ASIA PACIFIC MEAL REPLACEMENT PRODUCTS MARKET, 2019 - 2025, USD MILLION
TABLE 61 REST OF ASIA PACIFIC MEAL REPLACEMENT PRODUCTS MARKET BY PRODUCT, 2015 - 2018, USD MILLION
TABLE 62 REST OF ASIA PACIFIC MEAL REPLACEMENT PRODUCTS MARKET BY PRODUCT, 2019 - 2025, USD MILLION
TABLE 63 REST OF ASIA PACIFIC MEAL REPLACEMENT PRODUCTS MARKET BY DISTRIBUTION CHANNEL, 2015 - 2018, USD MILLION
TABLE 64 REST OF ASIA PACIFIC MEAL REPLACEMENT PRODUCTS MARKET BY DISTRIBUTION CHANNEL, 2019 - 2025, USD MILLION
TABLE 65 KEY INFORMATION – ABBOTT LABORATORIES
TABLE 66 KEY INFORMATION – GLANBIA PLC
TABLE 67 KEY INFORMATION – GENERAL MILLS, INC.
TABLE 68 KEY INFORMATION – BOB’S RED MILL NATURAL FOODS, INC.
TABLE 69 KEY INFORMATION – UNILEVER PLC
TABLE 70 KEY INFORMATION – NESTLE S.A.
TABLE 71 KEY INFORMATION – HERBALIFE INTERNATIONAL, INC.
TABLE 72 KEY INFORMATION –KELLOGG COMPANY
TABLE 73 KEY INFORMATION – THE KRAFT HEINZ COMPANY
TABLE 74 KEY INFORMATION – BLUE DIAMOND GROWERS, INC.
List of Figures
FIG 1 METHODOLOGY FOR THE RESEARCH
FIG 2 KBV CARDINAL MATRIX
FIG 3 KEY LEADING STRATEGIES: PERCENTAGE DISTRIBUTION (2015-2019)
FIG 4 KEY STRATEGIC MOVE: (PRODUCT LAUNCHES AND PRODUCT EXPANSIONS : 2019-JUN – 2016-MAR) LEADING PLAYERS
FIG 5 RECENT STRATEGIES AND DEVELOPMENTS: GLANBIA PLC
FIG 6 RECENT STRATEGIES AND DEVELOPMENTS: UNILEVER PLC
FIG 7 RECENT STRATEGIES AND DEVELOPMENTS: NESTLE S.A.
FIG 8 RECENT STRATEGIES AND DEVELOPMENTS: KELLOGG COMPANY
FIG 9 RECENT STRATEGIES AND DEVELOPMENTS: THE KRAFT HEINZ COMPANY