India Meal Replacement Products market is anticipated to showcase significant CAGR of 15.8% during the forecast period (2021-2027). The key factors that drive the growth of the meal replacement products market include the increasing focus of meal replacement products manufacturers towards innovations. The key companies across the countryare highly inclined towards expanding their production capabilities via expansion of their production facilities.Further, the key players including Amway, Herbalife, Nestle SA, Glanbia PLC,Mondelez International, Inc., and Bulk Nutrients among others are contributing towards the India meal replacement products market growth.
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These manufacturers are adopting different growth strategies including capacity expansion, mergers and acquisitions, new product launch, and product innovation to remain competitive in the marketplace. In August 2020, BigMuscles Nutrition had launchednew campaign namely FitnessRefreshed with brand ambassador Ranveer Singh. The campaign was launched to create awareness related to Frotein among the Indian consumers. The Frotein – fruit plus protein, is India’s first fruit flavoured protein available in 5 amazing flavours: Mango, Orange, Guava, Orange Mango and Pineapple.
- Market number available for – 2020-2027
- Base year- 2020
- Forecast period- 2021-2027
- By Product Type
- Distribution Channel
- Competitive Landscape- Hexagon Nutrition Pvt. Ltd., The Kraft Heinz Co., Kellogg Company, General Mills, Abbott Nutrition
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India Meal Replacement Products Market Report Segment
By Product Type
- Ready-to-Drink Products
- Nutritional Bars
- Powdered Products
By Distribution Channel
- Convenience Stores
- Online Store
- Herbalife International of America, Inc.
- Hexagon Nutrition Pvt. Ltd.
- Amway India
- The Kraft Heinz Co.
- Kellogg Company
- MyDaily Meal
- Marico Industries Ltd (Saffola)
- General Mills
- Abbott Nutrition
- Naturell (India) Pvt. Ltd.
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