Top Meal Replacement Companies

Skyquest Technology's expert advisors have carried out comprehensive research and identified these companies as industry leaders in the Meal Replacement Market. This Analysis is based on comprehensive primary and secondary research on the corporate strategies, financial and operational performance, product portfolio, market share and brand analysis of all the leading Meal Replacement industry players.

Meal Replacement Market Competitive Landscape

Meal replacement providers should focus on experimenting with new flavors and ingredients to keep consumers interested in their offerings. The incorporation of clean labelling and other healthy food trends can also help meal replacement companies stand out from the competition. Weight management is slated to emerge as the most opportune application for companies as per this global meal replacement market analysis.

Startups have been crucial in making the meal replacement industry successful and relevant on a global level. Here are a few startups that could change the future of meal replacement consumption in the long run.

  • Huel: Short for Human Fuel, the 2015-founded company specializes in nutritionally complete meal replacements in the form of powders, ready-to-drink shakes, and bars. Based in the United Kingdom, the focuses on vegan, sustainable, and clean-label nutrition, appealing to health-conscious, busy consumers globally. In January 2025, the company announced the launch of its global brand campaign titled Every Fire Needs its Fuel. The campaign is intended to raise brand awareness and improve visibility in the industry.
  • Soylent: Based in the United States, the startup has emerged as a leading provider of meal replacement in the country. The company is known for plant-based drinks, powders, and bars designed for complete daily nutrition. Targeting busy professionals and tech-savvy consumers seeking convenient, balanced meals has worked wonders for this 2013-founded company that has grown substantially in recent years.

Top Player’s Company Profiles

  • Abbott Laboratories (USA) 
  • Herbalife International of America, Inc. (USA) 
  • Amway Corp. (USA) 
  • Nestle S.A. (Switzerland) 
  • Glanbia Plc (Ireland) 
  • The Simply Good Foods Company (USA) 
  • Huel Inc. (UK) 
  • Unilever PLC (UK) 
  • The Kellogg Company (USA) 
  • Nu Skin Enterprises, Inc. (USA) 
  • Blue Diamond Growers (USA) 
  • General Mills, Inc. (USA) 
  • Bob's Red Mill Natural Foods (USA) 
  • Orgain Inc. (USA) 
  • Abnormal (UK) 
  • Trinkkost GmbH (Germany) 
  • Futricio (Netherlands) 
  • Saturo Foods GmbH (Germany)

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Global Meal Replacement Market size was valued at USD 13.26 Billion in 2023 and is poised to grow from USD 14.03 Billion in 2024 to USD 22.03 Billion by 2032, growing at a CAGR of 5.8% during the forecast period (2025-2032).

Meal replacement providers should focus on experimenting with new flavors and ingredients to keep consumers interested in their offerings. The incorporation of clean labelling and other healthy food trends can also help meal replacement companies stand out from the competition. Weight management is slated to emerge as the most opportune application for companies as per this global meal replacement market analysis. 'Nongshim', 'Soylent', 'Arla Foods', 'Abbott Nutrition', 'Unilever', 'Nestle', 'Herbalife', 'SlimFast', 'Wild Oats Markets', 'Blue Diamond Growers', 'General Mills', 'Glanbia'

Designed with controlled portions, high protein, fiber, and essential micronutrients, meal replacements help consumers manage caloric intake while ensuring nutritional adequacy. The global obsession with fitness and weight management is projected to favor the global meal replacement market outlook in the future. Endorsements of meal replacement products by nutritionists, fitness trainers, and health influencers are also expected to boost market development.

Rise of Clean-Label and Plant-Based Products: Meal replacement companies can focus on providing products free from artificial ingredients, GMOs, and allergens. Plant-based options using pea, hemp, soy, and oat proteins are expanding rapidly to cater to vegan, vegetarian, and flexitarian consumers. Transparency about sourcing, ingredient lists, and sustainability practices are further cementing the importance of this meal replacement market trend in the long run.

Why is Consumption of Meal replacement High in North America?

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Global Meal Replacement Market
Meal Replacement Market

Report ID: SQMIG30I2490

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