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The global meal replacement market, valued at USD 13.63 billion in 2024, is projected to expand at a compound annual growth rate (CAGR) of 5.5% from 2025 to 2034, underscoring its importance as a dynamic component of the global nutrition industry. As lifestyles shift toward busier routines and consumers demand convenient yet health-focused dietary options, segmentation across product types, end-user groups, and distribution channels has emerged as a decisive factor in shaping market performance. This segmentation-driven growth narrative highlights how innovation, product differentiation, and value chain optimization are di