NEWARK, Del, July 14, 2022 (GLOBE NEWSWIRE) -- The meal replacement bars market is expected to witness growth at a CAGR of 8.05% and reach a valuation of US$ 25.6 Bn by 2032, as per Future Market Insights (FMI). Preference for low-fat, low-calorie snacks that are healthier than conventional snacks is improving the growth.
Meal replacement bars are simple and typically healthier option for a short on-the-go meal or immediate consumption. The meal replacement bars market is driven by the availability of various types and tastes. As a result, these bars are becoming increasingly popular, particularly among the working class and younger generation.
Further, key players are emphasizing packaging and labelling as consumers analyze ingredients before purchasing products. Brands that are transparent about the components in the product are expected to gain consumer preference.
Request A Sample to Obtain Authentic Analysis @ https://www.futuremarketinsights.com/reports/sample/rep-gb-15194
They are also investing in research and developmental activities to launch new product variants with multi-functional properties. Consumers are increasingly looking out for organic products to reduce the risk of blood pressure, obesity and heart-related ailments. Meal replacement bars is available in variants like low-fat, low calorie and low cholesterol as a result demand for this product is expected to rise shortly.
Shift in preference for healthy lifestyle and willingness to spend on products to maintain fitness and immunity against foreign pathogens is expected to boost the demand for meal replacement bars.
Regionally, Asia Pacific market is expected to be a promising market for consumers due to rising awareness about inclusion of nutritious food products and investments in research and developmental activities by regional players.
Key Takeaways from Market Study
- North America meal replacement bars market is expected to increase at CAGR of 7.6% through 2032.
- Sales of meal replacement bars in Europe are expected to surge at 7.3% CAGR between 2022 and 2032
- Market share of Latin America and Oceania in meal replacement bars market is 6.5% and 6.3%, respectively, in 2022.
- By function, weight loss management is expected to hold 60% of the global meal replacement bars market share and is expected to increase at a CAGR of 7.2%.
Ask an Analyst@ https://www.futuremarketinsights.com/ask-question/rep-gb-15194
“With rising shift towards plant-based, sugar-free products that are beneficial for health, key brands are focusing on developing new flavours and product variants to stand out in the competition” says a Future Market Insights analyst.
Competitive Landscape
Key manufacturers of meal replacement bars are majorly focusing on research & development to offer different flavors of products. Customization is expected to contribute maximum revenue generation through sale of meal replacement bars.
Explore More Valuable Insights
Future Market Insights, in its new report, offers an impartial analysis of the global meal replacement bars market, presenting historical data (2017-2021) and estimation statistics for the forecast period of 2022-2032.
The study offers compelling insights based on Meal Replacement Bars, By Product Type (Nut-Free Bars, Gluten-Free Bars, Plant-based Bars, Organic Bars ), By Function (Curb Appetite, Muscle Repair, Fuel Workout), By Sales Channel (Offline Sales Channel (Supermarkets/Hypermarkets, Departmental Stores, Convenience Store, Other Sales Channel), Online Sales Channel (Company Website, E-commerce Platform), By Region (North America, Latin America, Europe, East Asia, South Asia, Oceania, MEA)
Ask for Customization in this Report, Enquire Now @ https://www.futuremarketinsights.com/customization-available/rep-gb-15194
Meal Replacement Bars Market by Category
By Product Type:
- Nut-Free Bars
- Gluten-Free Bars
- Plant-based Bars
- Organic Bars
By Function:
- Curb Appetite
- Muscle Repair
- Fuel Workout
By Sales Channel:
- Offline Sales Channel
- Supermarkets/Hypermarkets
- Departmental Stores
- Convenience Store
- Other Sales Channel
- Online Sales Channel
- Company Website
- E-commerce Platform
By Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia
- Oceania
- MEA
Contact Sales for Further Assistance in Buying this Report @ https://www.futuremarketinsights.com/checkout/15194
Explore FMI’s Extensive Coverage on Food and Beverage Domain
Meal Replacement Shakes Market Size: The global meal replacement shakes market size is projected to reach US$ 18.9 Billion in 2032 and exhibit growth at an astonishing CAGR of 4.3% in the forecast period from 2022 to 2032.
Ethylhexyl Palmitate Market Demand: The global ethylhexyl palmitate market is projected to exhibit growth at a CAGR of around 4% to 5% during the forecast period 2022-2032.
Chromium Picolinate Market Share: The demand for chromium picolinate is estimated to exceed US$ 20 Bn by the end of 2032.
Confectionery Fillings Market Sales: The global confectionery fillings market is anticipated to garner a total valuation of US$ 1,200 Million in 2022. The market is projected to procure US$ 1,917.8 Million by 2032 while expanding at a CAGR of 4.8% during the forecast period from 2022 to 2032.
Food Service Equipment Market Value: The food service equipment market size is projected to reach US$ 43.9 Bn. Demand is forecast to surge at a steady 5.6% CAGR, pushing the market valuation to US$ 75.9 Bn by 2032.
Gelatin Substitute Market Outlook: The gelatin substitutes market is projected to be valued at US$ 1.0 Bn in 2022. As per the report, sales are projected to grow at a CAGR of 14.4% during the forecast period, to reach a valuation of US$ 4.0 Bn by 2032.
Mouth Freshener Market Forecast: The global mouth freshener market size is projected to be valued at US$ 18,150.3 Mn in 2022 and is anticipated to reach US$ 33,436.16 Mn by 2032, with a CAGR of 6.3% from 2022 to 2032.
High Protein Dog Food Market Trend: The high protein dog food market is expected to record a CAGR of 4.4% during the forecast period 2022-2032, up from US$ 115.50 Billion in the year 2022 to reach a valuation of US$ 163.70 Billion by 2032.
Grain-Free Pet Food Market Volume: The grain-free pet food market is expected to record a CAGR of 6.4% during the forecast period 2022-2032, up from US$ 38.6 Billion in the year 2022 to reach a valuation of US$ 53.2 Billion by 2032.
Fava Bean Protein Market Growth: The fava bean protein market is likely to register a CAGR of 4.2% during the forecast period, up from US$ 56.79 Bn in 2022 to reach a valuation of US$ 85.69 Bn by 2032.
Download complimentary copy of Future Market Insights White Paper in collaboration with PBFIA, on the Plant Based Market that throws light on potential opportunities and investments made in the Global plant based market
About Us
Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
Contact:
Future Market Insights Inc.
Christiana Corporate,
200 Continental Drive,
Suite 401, Newark,
Delaware - 19713, USA
T: +1-845-579-5705
Report: https://www.futuremarketinsights.com/reports/meal-replacement-bars-market
For Sales Enquiries: sales@futuremarketinsights.com
Browse all Reports: https://www.futuremarketinsights.com/reports
LinkedIn| Twitter| Blogs
