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Forecast Year
The Australia meal replacement products market size reached USD 195.5 million in 2023. The market is expected to grow at a CAGR of 5.1% between 2024 and 2032, reaching USD 309.3 million by 2032.
Nutritional bars enhance Australia meal replacement products market by providing a convenient on-the-go meal option for busy people
They are portable and can be consumed without requiring preparation or refrigeration. Nutritional bars in the meal replacement sector offer convenient on-the-go solutions with balanced nutrition, assisting in weight management through portion control. They deliver quick energy boosts, a variety of flavours, extended shelf lives, and regulated nutrition for consumer confidence.
In 2023, Australian confectioner Menz collaborated with breakfast brand Carman to create a limited-edition Violet Crumble protein bar. These bars featured elements of Violet Crumble's honeycomb, peanuts, and milk chocolate, along with natural ingredients.
The meal replacement market is experiencing growth with inventive nutritional bars and powders, meeting the needs of health-conscious consumers. Tailored marketing, convenience, broad appeal, and adherence to regulations ensure an array of options for those seeking nutritious, convenient meal alternatives in their busy lives.
Australia Meal Replacement Products Market Report and Forecast 2024-2032 offers a detailed analysis of the market based on the following segments:
Market Breakup by Type
Market Breakup by Distribution Channel
Market Breakup by Region
The Australia meal replacement products market key players are Nestlé SA, Abbott Laboratories, Glanbia Plc, Herbalife International of America, Inc., Amway Corp. and VYBEY among others.
REPORT FEATURES | DETAILS |
Base Year | 2023 |
Historical Period | 2018-2023 |
Forecast Period | 2024-2032 |
Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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Breakup by Type |
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Breakup by Distribution Channel |
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Breakup by Region |
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*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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The market was valued at USD 195.5 million in 2023.
The market is projected to grow at a CAGR of 5.1% between 2024 and 2032.
The revenue generated from the meal replacement products market is expected to reach USD 309.3 million in 2032.
The meal replacement products market is categorised according to type, which includes nutritional bars, powdered products, ready-to-drink products, and others.
The key players are Nestlé SA, Abbott Laboratories, Glanbia Plc, Herbalife International of America, Inc., Amway Corp. and VYBEY among others.
Based on the distribution channel, the market is divided into supermarkets and hypermarkets, convenience stores, online and others.
The market is broken down into New South Wales, Victoria, Queensland, Australian Capital Territory, Western Australia, and others.
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