Home Meal Replacement Industry Forecast 2032: Size & Revenue Trends
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The global Home Meal Replacement (HMR) Market is witnessing substantial growth, fueled by evolving consumer habits and an increasing demand for convenient, ready-to-eat meal solutions. With hectic schedules and a growing inclination toward healthier meal options, the demand for HMR products is soaring, making it one of the fastest-growing segments in the food industry.
According to DataIntelo,the global Home Meal Replacement (HMR) market is poised to undergo substantial growth, with the market size anticipated to reach USD 12.7 billion by 2032, up from USD 5.8 billion in 2023. The market is projected to exhibit a robust CAGR of 9.1% during the forecast period of 2024 to 2032. This growth is attributed to increasing urbanization, rising disposable incomes, and the growing trend of single-person households worldwide.
