Market Size of North America Meal Products Replacement Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 8.16 % |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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NA Meal Replacement Products 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.
