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Australia Meal Replacement Products Market Size, Analysis: By Type: Nutritional Bars, Powdered Products, Ready-to-Drink Products, Others; By Distribution Channel: Supermarkets and Hypermarkets, Convenience Stores, Specialty Stores, Online, Others; Regional Analysis; Market Dynamics: SWOT Analysis; Competitive Landscape; 2024-2032
Australia Meal Replacement Products Market Outlook
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.
Key Takeaways:
- The Australian Institute of Health and Welfare stated Australia's 20-39 adult population in 2022 was 7,264,645.
- As per the USDA, Australia's 2023/2024 oat production is estimated at 1.1 million metric tonnes, boosting demand for cereals and muesli.
- Australia ranks as the second-largest contributor globally, supplying 10% of almonds, which are notably prevalent in the production of energy bars.
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.
Market Segmentation
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
- Nutritional Bars
- Powdered Products
- Ready-to-Drink Products
- Others
Market Breakup by Distribution Channel
- Supermarkets and Hypermarkets
- Convenience Stores
- Specialty Stores
- Online
- Others
Market Breakup by Region
- New South Wales
- Victoria
- Queensland
- Australian Capital Territory
- Western Australia
- Others
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.
Key Highlights of the Report
| 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:
|
| Breakup by Type |
|
| Breakup by Distribution Channel |
|
| Breakup by Region |
|
| Market Dynamics |
|
| Competitive Landscape |
|
| Companies Covered |
|
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
7 Opportunities and Challenges in the Market
8 Asia Pacific Meal Replacement Products Market Overview
8.1 Key Industry Highlights
8.2 Asia Pacific Meal Replacement Products Historical Market (2018-2023)
8.3 Asia Pacific Meal Replacement Products Market Forecast (2024-2032)
9 Australia Meal Replacement Products Market Overview
9.1 Key Industry Highlights
9.2 Australia Meal Replacement Products Historical Market (2018-2023)
9.3 Australia Meal Replacement Products Market Forecast (2024-2032)
10 Australia Meal Replacement Products Market by Type
10.1 Nutritional Bars
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Powdered Products
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 Ready-to-Drink Products
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Others
11 Australia Meal Replacement Products Market by Distribution Channel
11.1 Supermarkets and Hypermarkets
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Convenience Stores
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 Specialty Stores
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 Online
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Others
12 Australia Meal Replacement Products Market by Region
12.1 New South Wales
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Victoria
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Queensland
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Australian Capital Territory
12.4.1 Historical Trend (2018-2023)
12.4.2 Forecast Trend (2024-2032)
12.5 Western Australia
12.5.1 Historical Trend (2018-2023)
12.5.2 Forecast Trend (2024-2032)
12.6 Others
13 Market Dynamics
13.1 SWOT Analysis
13.1.1 Strengths
13.1.2 Weaknesses
13.1.3 Opportunities
13.1.4 Threats
13.2 Porter’s Five Forces Analysis
13.2.1 Supplier’s Power
13.2.2 Buyer’s Power
13.2.3 Threat of New Entrants
13.2.4 Degree of Rivalry
13.2.5 Threat of Substitutes
13.3 Key Indicators for Demand
13.4 Key Indicators for Price
14 Competitive Landscape
14.1 Market Structure
14.2 Company Profiles
14.2.1 Nestlé SA
14.2.1.1 Company Overview
14.2.1.2 Product Portfolio
14.2.1.3 Demographic Reach and Achievements
14.2.1.4 Certifications
14.2.2 Abbott Laboratories
14.2.2.1 Company Overview
14.2.2.2 Product Portfolio
14.2.2.3 Demographic Reach and Achievements
14.2.2.4 Certifications
14.2.3 Glanbia Plc
14.2.3.1 Company Overview
14.2.3.2 Product Portfolio
14.2.3.3 Demographic Reach and Achievements
14.2.3.4 Certifications
14.2.4 Herbalife International of America, Inc.
14.2.4.1 Company Overview
14.2.4.2 Product Portfolio
14.2.4.3 Demographic Reach and Achievements
14.2.4.4 Certifications
14.2.5 Amway Corp.
14.2.5.1 Company Overview
14.2.5.2 Product Portfolio
14.2.5.3 Demographic Reach and Achievements
14.2.5.4 Certifications
14.2.6 VYBEY
14.2.6.1 Company Overview
14.2.6.2 Product Portfolio
14.2.6.3 Demographic Reach and Achievements
14.2.6.4 Certifications
14.2.7 Others
15 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Asia Pacific Meal Replacement Products Market: Key Industry Highlights, 2018 and 2032
2. Australia Meal Replacement Products Market: Key Industry Highlights, 2018 and 2032
3. Australia Meal Replacement Products Historical Market: Breakup by Type (USD Million), 2018-2023
4. Australia Meal Replacement Products Market Forecast: Breakup by Type (USD Million), 2024-2032
5. Australia Meal Replacement Products Historical Market: Breakup by Distribution Channel (USD Million), 2018-2023
6. Australia Meal Replacement Products Market Forecast: Breakup by Distribution Channel (USD Million), 2024-2032
7. Australia Meal Replacement Products Historical Market: Breakup by Region (USD Million), 2018-2023
8. Australia Meal Replacement Products Market Forecast: Breakup by Region (USD Million), 2024-2032
9. Australia Meal Replacement Products Market Structure
Key Questions Answered in the Report
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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