Market Share of Meal Replacement Products Industry
The meal replacement products market is highly competitive, with the top players accounting for half of the total market share. The manufacturers are increasing their investments in R&D, marketing, and innovation of their products and expanding their distribution channels to maintain their market position. Moreover, global players such as the Simply Good Foods Company and Amway Corp. are leveraging the opportunities the emerging segments offer, like sugar-free, vegan, gluten-free, soy-free, and non-GMO products. Other key players include Abbot Laboratories, Glanbia Plc, The Kellogg Company, and Nestle S.A.
Meal Replacement Products Market Leaders
Abbott Laboratories
Bob’s Red Mill Natural Foods
Herbalife International of America, Inc.
Glanbia Plc
The Kellogg Company
*Disclaimer: Major Players sorted in no particular order
