North America Meal Replacement Products Market 2021 Coronavirus (COVID-19) Updated Analysis By Key Players-Abbott Laboratories, Amway Corp. (Alticor), Nu Skin Enterprises Inc.

The North America Meal Replacement Products Market Report Forecast 2021 – 2025 offers a clear understanding of the subject matter. The report has been gathered using principal and subordinate research methodologies. Both these methods are directed towards cooperating accurate and meticulous data concerning the market dynamics, historical events, and the current market landscape. Additionally, the report also includes a SWOT analysis that concludes the strengths, weaknesses, opportunities, and threats impacting the segments of the overall market. The report also takes into account the impact of the COVID-19 and also forecasts its recovery post-COVID-19.

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

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Top Key Players in the North America Meal Replacement Products Market: Abbott Laboratories, Amway Corp. (Alticor), Nu Skin Enterprises Inc., and Herbalife Nutrition.

Key Market Trends

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.

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.

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This North America Meal Replacement Products Market report addresses:

– The Market size from 2015-2020

– Expected market growth until 2025

– Forecast of how market drivers, restraints, and future opportunities will affect

– Segment and regions that will drive or lead market growth and why

– Comprehensive mapping of the competitive landscape

– In-depth analysis of key sustainability strategies adopted by market place

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Covid-19 Impact Analysis:

All the reports that we list have been tracking the impact of COVID-19 on the market. Both upstream and downstream of the entire supply chain have been accounted for while doing this. Also, where possible, we will provide an additional COVID-19 update supplement/report to the report in Q3, please check with the sales team.

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