A meal replacement shake can be quite hard to define. It is normally a powdered shake that you mix with water or milk. Unlike a protein shake, meal replacement shakes are often made to have a balance of proteins, fats, and carbohydrates.
But they are not always powdered. There has been a marked increase in ready-made meal replacement shakes that you can purchase in bottled form. Obviously, these end up costing quite a lot more, and their environmental impact is a lot more severe, but they still count as meal replacement shakes.
Many people in the past have stated that meal replacement shakes should not be considered food, but this is a confusing way to discuss food. For example, soup is 95% water, yet is obviously food, as are stews and foods such as oatmeal.
Meal replacement shakes are often made from oats, a protein source, and healthy fats. The only difference is that they are dehydrated into powder form, making them easier to transport, cheaper to buy, and longer-lasting.
There is a surprisingly long history of meal replacement shakes, but the modern meal replacement shake has been around since the early 2000s. Before that, you had shakes such as SlimFast and Herbalife, which were low in quality and didn’t have particularly good macronutrient ratios.