North America Meal Replacement Products Market Size & Share Analysis - Growth Trends & Forecasts (2023 - 2028)

North America Meal Replacement Products Market is segmented by Product Type (Ready-to-Drink Products, Nutritional Bars, Powdered Supplements, Other Product Types), by Distribution Channel (Convenience Stores, Hypermarkets/Supermarkets, Specialty Stores, Online Stores, Other Distribution Channels), and by Geography.

North America Meal Replacement Market Size

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Study Period 2018 - 2028
Base Year For Estimation 2022
Forecast Data Period 2023 - 2028
Historical Data Period 2018 - 2021
CAGR 8.16 %
Market Concentration High

Major Players


*Disclaimer: Major Players sorted in no particular order


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North America Meal Replacement Market Analysis

North America meal replacement products market is projected to witness a CAGR of 8.16% during the forecast period (2020 - 2025).

  • The on-the-go lifestyle in the United States marketplace, have necessitated consumers to opt for convenient and portion-controlled snack bars and other ready to eat products that are increasingly perceived as ideal meal replacement options, especially among the working consumers.
  • Meal replacement products seem to appeal to the Canadians such that among the resident and expat consumers, who want to include healthy food in their diets. Ready-to-drink beverages and nutritional bars are also garnering attention in the meal replacement products range, as busy families are seeking healthy and convenient options for hunger satisfaction.

North America Meal Replacement Market Trends

This section covers the major market trends shaping the North America Meal Replacement Market according to our research experts:

American Consumers Opting for Special Diets Strive on Meal Replacements

Owing to the rising prevalence of obesity and diabetes among Americans, consumers are rigorously monitoring their regular diets and nutrition intake, and they are increasingly inclining toward meal replacement products. There are numerous companies primarily dedicated to offer tailored meals, such as shakes and drinks, for people willing to cut regular diets to effectively lose weight.

For instance, Herbalife, a company based in the United States, features programs, such as Quickstart, Advanced and Ultimate, under which it offers meal replacement shakes and dietary supplements to help people slim down. As a result, many consumers looking for effective diet plans to lose weight or increase their metabolism are opting for such efficient plans, eventually supplementing the North American market growth.

North America Meal Repalcement Market

Increasing Consumption of Meal Replacement in United States

The demand for the multi-purpose functionality and on-the-go convenience of meal replacement products, such as drinks, is increasing and are attracting the American consumers. In addition, the presence of retail outlets that are suitable for convenient foods to benefit from both planned and impulse purchases, poise advantage for the increase sale of meal replacement products in the country.

In the United States, the majority of consumers prefer nutritional bars and ready to drink products to satisfy hunger by replacing a meal. For instance, according to FoodBev Welch's survey conducted in 2017, around 92% of millennials were reported consuming snacks (including nutritional bars) as a meal replacement at least once a week. Additionally, around 26% of the millennial population in the United States consume snacks as a meal replacement, therefore driving the market further.

North America Meal Replacement Market1

North America Meal Replacement Industry Overview

The companies operating in the North America meal replacement products market are focusing on adopting various strategies, such as product development, expansion, etc., on achieving competitive advantage in the market. Some of the prominent players operating in the North American market are Abbott Laboratories, Amway Corp. (Alticor), Nu Skin Enterprises Inc., and Herbalife Nutrition.

Companies in the region are also actively innovating new products in order to maintain their position in the market. For instance, in 2019, Soylent, a well-known meal replacement producer in the United States, launched a strawberry four-pack drink in order to bring new items to consumers, allowing them to engage with its brand in new ways.

North America Meal Replacement Market Leaders

  1. Abbott Laboratories

  2. Amway Corp. (Alticor)

  3. Herbalife Nutrition

  4. Glanbia plc

  5. Nestle SA

*Disclaimer: Major Players sorted in no particular order

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North America Meal Replacement Market Report - Table of Contents


    1. 1.1 Study Deliverables

    2. 1.2 Study Assumptions

    3. 1.3 Scope of the Study




    1. 4.1 Market Drivers

    2. 4.2 Market Restraints

    3. 4.3 Porter's Five Forces Analysis

      1. 4.3.1 Threat of New Entrants

      2. 4.3.2 Bargaining Power of Buyers/Consumers

      3. 4.3.3 Bargaining Power of Suppliers

      4. 4.3.4 Threat of Substitute Products

      5. 4.3.5 Intensity of Competitive Rivalry


    1. 5.1 By Product Type

      1. 5.1.1 Ready-to-drink Products

      2. 5.1.2 Nutritional Bars

      3. 5.1.3 Powdered Supplements

      4. 5.1.4 Other Product Types

    2. 5.2 By Distribution Channel

      1. 5.2.1 Convenience Stores

      2. 5.2.2 Supermarkets/Hypermarkets

      3. 5.2.3 Specialty Stores

      4. 5.2.4 Online Stores

      5. 5.2.5 Other Distribution Channels

    3. 5.3 By Country

      1. 5.3.1 United States

      2. 5.3.2 Cananda

      3. 5.3.3 Mexico

      4. 5.3.4 Rest of North America


    1. 6.1 Most Active Companies

    2. 6.2 Most Adopted Strategies

    3. 6.3 Market Positioning of the Players

    4. 6.4 Company Profiles

      1. 6.4.1 Abbott Laboratories

      2. 6.4.2 Amway Corp. (Alticor)

      3. 6.4.3 Nu Skin Enterprises Inc.

      4. 6.4.4 Herbalife Nutrition

      5. 6.4.5 Glanbia plc

      6. 6.4.6 The Simply Good Foods Company

      7. 6.4.7 The Kellogg Company

      8. 6.4.8 Nestle SA

    5. *List Not Exhaustive

North America Meal Replacement Industry Segmentation

The North America meal replacement products market is segmented by product type into, ready-to-drink products, nutritional bars, powdered supplements, and other product types. By distribution channel the market studied is segmented into, convenience stores, hypermarkets/supermarkets, specialty stores, online stores, and other distribution channels. By country, the market is segmented into United, States, Cananda, Mexico, and Rest of North America.

By Product Type
Ready-to-drink Products
Nutritional Bars
Powdered Supplements
Other Product Types
By Distribution Channel
Convenience Stores
Specialty Stores
Online Stores
Other Distribution Channels
By Country
United States
Rest of North America

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North America Meal Replacement Market Research FAQs

The North America Meal Products Replacement Market is projected to register a CAGR of 8.16% during the forecast period (2023-2028).

Abbott Laboratories, Amway Corp. (Alticor), Herbalife Nutrition, Glanbia plc and Nestle SA are the major companies operating in the North America Meal Products Replacement Market.

North America Meal Products Replacement Industry Report

Statistics for the 2023 North America Meal Products Replacement market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. North America Meal Products Replacement analysis includes a market forecast outlook to 2028 and historical overview. Get a sample of this industry analysis as a free report PDF download.

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