Insight by Abdul Wasay, Chief Operating Officer at The Business Research Company
In response to fluctuating tariffs and geopolitical trade developments, the Meal Replacement Shakes Market Outlook 2025 analyses how businesses are adapting through supply chain diversification and strategic sourcing.
How Will the Meal Replacement Shakes Market Grow Between 2024 and 2025?
The market size of meal replacement shakes has witnessed significant growth lately. The market value was $5.64 billion in 2024, and it is projected to reach $6.09 billion in 2025, expanding at a compound annual growth rate (CAGR) of 8.0%.
How Much Will the Meal Replacement Shakes Market Be Worth in 2029?
The Meal Replacement Shakes Global Market is projected to reach $8.33 billion in 2029, growing at a compound annual growth rate (CAGR) of 8.1%.
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Which Meal Replacement Shakes Market Drivers Are Linked to Revenue Growth?
The key drivers in the meal replacement shakes market are:
• Rising demand for plant-based foods is a key market driver
• Increased awareness about health benefits of plant-based diets
• Growing interest in environmental sustainability and biodiversity preservation
• Rising ethical and animal welfare concerns promoting preference for plant-based alternatives
Which Segments Are Expected to Grow in the Meal Replacement Shakes Market?
The meal replacement shakesmarket covered in this report is segmented –
1) By Product Type: Ready-To-Drink Products, Powdered Products
2) By Form: Powder, Liquid
3) By Flavor: Vanilla, Chocolate, Mocha, Berries, Other Flavors
4) By Nature Meals: Organic, Conventional
5) By Distribution Channel: Direct Sales, Indirect Sales, Modern Trade, Convenience Stores, Independent Grocery Retailers, Specialty Food Stores, Online Retail, Other Retail Formats
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What Are The Key Trends Impacting Growth In The Global Meal Replacement Shakes Market?
The key trends in the meal replacement shakes market are:
• There is an emerging trend of developing plant-based shake products to meet growing consumer demand for health-conscious and ethically produced meal replacements.
• Product innovation focusing on sustainable production and wholesome ingredients is driving the future trends in the market.
• The introduction of vegan and vegetarian friendly meal replacement options is a significant trend in the market.
• Meal replacement shakes are increasingly being designed to support multiple health areas such as metabolic health, weight management, and muscle growth.
Who Are the Key Competitors in the Global Meal Replacement Shakes Market?
Major players in the meal replacement shakes market are:
• Abbott Laboratories
• The Kellogg Company
• Glanbia PLC
• Herbalife Nutrition
• Perrigo Company Plc
• The Simply Good Foods Company
• Organic Inc.
• Bob's Red Mill Natural Foods Inc.
• Ripple Foods
• Idealshape LLC
• Soylent Inc.
• Medisys Biotech Pvt Ltd.
• Fast&Up
• Nouveau Medicament (P) Ltd.
• Saturo Food GmbH
• HLTH Code
• Elev8 Brands Inc.
• Marico Pvt Ltd.
• The Divine Foods
• Damhert Nutrition
Where Is the Meal Replacement Shakes Market Growing Fastest Between 2025 and 2029?
North America was the largest region in the meal replacement shakes market in 2024
