MEA Meal Replacement Products Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 6.45 % |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
MEA Meal Replacement Products Market Analysis
The Middle East and Africa Meal replacement products market is projected to witness a CAGR of 6.45% during the forecast period (2020 - 2025).
- The South African meal replacement market is driven by the robust popularity of the weight management products among health-conscious consumers. The marketplace has also experienced an increase in the launch activity of health-promoting snack bars, which are condition-specific and portion-controlled thus, driving the market forward.
- Moroever, the focus on healthy eating habits, pertaining to the fitness trends without compromising the taste benefits, has also led to the growth of meal replacement market in the United Arab Emirates. Products, like weight management bars, are slowly replacing traditional chocolate and confectionery as a healthier alternative, due to high product innovation by the existing players.
MEA Meal Replacement Products Market Trends
This section covers the major market trends shaping the MEA Meal Replacement Products Market according to our research experts:
Inclination Towards Nutrition Bar Marketed as Meal Replacement Bars is on the Rise
With increasing awareness about a healthy diet among the both the resident and expat population residing in the Middle East and Africa region, the nutritional bars have become immensely popular, replacing chocolates, cakes, and biscuits as convenient options to the consumers. Key brands such as Zero Bar operating in the market studied are continuously differentiating their products in terms of providing full nutritional appetite, flavors, ingredients, size, and packaging, in order to gain competitive advantage.
Initially, the nutrition bars were classified as a niche category, designed particularly for sports and athletes' personnel. But with the rising demand for nutritional snacking and changing preference for snack and energy bars therefore, the nutritional bars, are increasingly being marketed as meal replacement products, which is expected to fuel the market for these products in the Middle East and Africa, over the forecast period.
The Increasing Consumption of Meal Replacement Products in United Arab Emirates
The meal replacement market in United Arabia Emirates has been growing over the years in the country, owing to the strong youth population and perception of a protein food as a substitute for other healthy food because of high nutrition content.
The UAE government is developing numerous health initiatives, which is thereby increasing the awareness of those products pertaining to weight management and nutritous diet, as these products have health benefits, which directly control both obesity and diabetes. Therefore, this factor is expected to increase the demand for the meal replacement products in United Arab Emirates.
Furthermore, UAE consumers are looking for real food ingredients, such as whole grains, fruits, nuts, and vegetables, like carrot, with zero added sugars, less artificial sweeteners, and hydrogenated fats, in the meal-replacing products thus, driving the market further.
MEA Meal Replacement Products Industry Overview
The most active companies in the Middle East and Africa Meal replacement products market are Nestle SA, Organo Gold Africa (Pty) Ltd., Evolve Nutrition, and others. The prominent players operating in the market are focusing on new product developments, expansions, partnerships, and mergers and acquisitions, as strategies to cater to the increasing demands of the consumers in the region, thereby, gaining a competitive advantage in the meal replacement products market.
Companies selling their products in the market are launching the products which have the following properties such as free from soy, free from dairy or dairy-derived ingredients, free from MSG, free from artificial colors and others, so as to induce customers to purchase more of these meal replace products in the region studied.
MEA Meal Replacement Products Market Leaders
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Organo Gold Africa (Pty) Ltd.
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Mannatech, Incorporated
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EVOLVE NUTRITION
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NUTRITECH
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FUTURELIFE
*Disclaimer: Major Players sorted in no particular order
MEA Meal Replacement Products Market Report - Table of Contents
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1. INTRODUCTION
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1.1 Study Deliverables
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1.2 Study Assumptions
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1.3 Scope of the Study
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2. RESEARCH METHODOLOGY
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3. EXECUTIVE SUMMARY
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4. MARKET DYNAMICS
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4.1 Market Drivers
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4.2 Market Restraints
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4.3 Porter's Five Forces Analysis
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4.3.1 Threat of New Entrants
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4.3.2 Bargaining Power of Buyers/Consumers
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4.3.3 Bargaining Power of Suppliers
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4.3.4 Threat of Substitute Products
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4.3.5 Intensity of Competitive Rivalry
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5. MARKET SEGMENTATION
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5.1 By Product Type
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5.1.1 Ready-to-drink Products
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5.1.2 Nutritional Bars
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5.1.3 Powdered Supplements
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5.1.4 Other Product Types
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5.2 By Distribution Channel
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5.2.1 Convenience Stores
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5.2.2 Supermarkets/Hypermarkets
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5.2.3 Specialty Stores
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5.2.4 Online Stores
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5.2.5 Other Distribution Channels
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5.3 By Country
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5.3.1 South Africa
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5.3.2 United Arab Emirates
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5.3.3 Saudi Arabia
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5.3.4 Nigeria
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5.3.5 Rest of Middle East and Africa
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6. COMPETITIVE LANDSCAPE
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6.1 Most Active Companies
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6.2 Most Adopted Strategies
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6.3 Market Share Analysis
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6.4 Company Profiles
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6.4.1 Abbott Laboratories
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6.4.2 The Hut.com Limited (Myprotein)
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6.4.3 Organo Gold Africa (Pty) Ltd.
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6.4.4 Mannatech, Incorporated
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6.4.5 Evolve Nutrition
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6.4.6 Nutritech
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6.4.7 Futurelife
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6.4.8 Nestle SA
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- *List Not Exhaustive
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7. MARKET OPPORTUNITIES AND FUTURE TRENDS
MEA Meal Replacement Products Industry Segmentation
The Middle East and Africa meal replacement products market is segmented by product type into, ready-to-drink products, nutritional bars, powdered supplements, and other product types. By distribution channel the market studied is segmented into, convenience stores, hypermarkets/supermarkets, specialty stores, online stores, and other distribution channels. By country, the market is segmented into South Africa, United Arab Emirates, Saudi Arabia, Nigeria and the Rest of Middle East and Africa.
| By Product Type | |
| Ready-to-drink Products | |
| Nutritional Bars | |
| Powdered Supplements | |
| Other Product Types |
| By Distribution Channel | |
| Convenience Stores | |
| Supermarkets/Hypermarkets | |
| Specialty Stores | |
| Online Stores | |
| Other Distribution Channels |
| By Country | |
| South Africa | |
| United Arab Emirates | |
| Saudi Arabia | |
| Nigeria | |
| Rest of Middle East and Africa |
MEA Meal Replacement Products Market Research FAQs
What is the current Middle East and Africa Meal Replacement Products Market size?
The Middle East and Africa Meal Replacement Products Market is projected to register a CAGR of 6.45% during the forecast period (2024-2029)
Who are the key players in Middle East and Africa Meal Replacement Products Market?
Organo Gold Africa (Pty) Ltd., Mannatech, Incorporated, EVOLVE NUTRITION, NUTRITECH and FUTURELIFE are the major companies operating in the Middle East and Africa Meal Replacement Products Market.
What years does this Middle East and Africa Meal Replacement Products Market cover?
The report covers the Middle East and Africa Meal Replacement Products Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Middle East and Africa Meal Replacement Products Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
MEA Meal Replacement Products Industry Report
Statistics for the 2024 MEA Meal Replacement Products market share, size and revenue growth rate, created by 糖心vlog传媒鈩� Industry Reports. MEA Meal Replacement Products analysis includes a market forecast outlook 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
