Diet Shakes Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

MARKET INTRODUCTION

Diet shakes are considered as a balanced meal, rich in vitamins, carbohydrates, minerals, and proteins. Diet shakes are gaining traction owing to their convenience and simplicity. It is an effective substitute for regular meals, and are heavily consumed to enhance weight loss. Diet shakes contain appetite suppressants, and it reduces the production of hunger hormones, further promoting weight reduction. Manufacturers of diet shakes are striving to develop innovative products that contain a significant amount of fibers, antioxidants, herbs, and food enzymes. Diet shakes are available in various flavors, including chocolate, strawberry, vanilla, and others.

MARKET DYNAMICS

Increasing prevalence of obesity and overweight conditions among the populace is estimated as the major fueling factor for the growth of the diet shakes market. Attributed to the hectic and busy life schedules, there has been a drastic change in consumption habits, which further resulted in rising weight management issues. According to a study by Welch's it is reported that more than 92% of the millennial population are replacing their meals with diet shakes and snacks. The increasing awareness regarding the benefits provided by diet shakes also aided the growth of the market. In addition to this, growing urbanization also positively impacted the market growth. The presence of outlets and stores that provide diet shakes increases with rising urbanization, further enhancing the market development.

MARKET SCOPE

The "Global Diet Shakes Market Analysis to 2031" is a specialized and in-depth study of the food and beverages industry with a special focus on the global market trend analysis. The report aims to provide an overview of the Diet Shakes market with detailed market segmentation by product type, application, distribution channel and geography. The global Diet Shakes market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading Diet Shakes market players and offers key trends and opportunities in the market.

MARKET SEGMENTATION

The global Diet Shakes market is segmented on the basis of nature, flavor, and distribution channel. On the basis of nature the global Diet Shakes market is segmented into organic and conventional. On the basis of flavor, global Diet Shakes market is categorized into vanilla, chocolate, mango, strawberry, and other. By distribution channel the Diet Shakes market is classified into hypermarkets, convenience stores, specialty retailers, and others.

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global Diet Shakes market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The Diet Shakes market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.

The report analyzes factors affecting the Diet Shakes market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the Diet Shakes market in these regions.

MARKET PLAYERS

The reports cover key developments in the Diet Shakes market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from Diet Shakes market are anticipated to lucrative growth opportunities in the future with the rising demand for organic shrimps in the global market. Below mentioned is the list of few companies engaged in the Diet Shakes market.

The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the Diet Shakes market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.

•   310 Nutrition, LLC
  
•   Glanbia, Plc
  
•   GNC Holdings Inc.
  
•   Herbalife Nutrition
  
•   IdealShape, LLC
  
•   Isagenix Worldwide, Inc.
  
•   Plexus Worldwide
  
•   RSP Nutrition
  
•   Vega (US)
  

The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.

Diet Shakes Report Scope