Low-Calorie Food Market

Low-calorie Food Market Size, Share, Growth-(2022-2027)

Low-calorie Food Market size is projected to reach USD 18.5 billion by the end of 2027, recording a notable CAGR of 6.2 % in the given forecast period 2022 - 2027.

Recent Developments in Low-calorie Food Market

• A subsidiary of Peak Rock Capital, the mid-market private investment firm, has completed its acquisition of Halo Foods Ltd., the maker of Skinny-brand low-calorie snacks, in partnership with the Halo management team.

• PepsiCo expanded its portfolio of better-for-you snacks with the launch of Smart50, a ready-to-eat popcorn that promises consumers full-flavored popcorn for 50 calories or less. The product line includes two flavors: sea salt and white cheddar cheese, which provide 40 calories per cup and 50 calories per cup, respectively.

REPORT COVERAGE:

Low-calorie Food Market Drivers and Restraints

The size of the global low-calorie food market is supposed to see significant growth due to the changing lifestyle and growing health awareness. Rising diabetes, stress, obesity problems, and cardiovascular disease have led to a demand for low-fat products, which is expected to drive the size of the low-calorie food business.

Consumers are aware of the health risks associated with consuming sugary, high-fat beverages and diets. Hence the growing need for products that promote physical health with additional nutritional benefits. Growth in the retail sector, coupled with increasing customer disposable income, is likely to have a positive impact on the global low-calorie food market. Additionally, the emergence of various industries, including functional diets, dietary supplements, and cereal bars in recent decades, has increased the demand for products among city dwellers. This is due to a busy lifestyle and lack of physical activity. The increasing need for sugar substitutes associated with the aging of the world population is likely to increase product penetration. The product includes vitamins, trace elements, iron, fiber, magnesium, minerals, proteins, and fatty acids. Carbohydrates can be lacking in the diet or replaced with proteins including oatmeal, black rice, broccoli, watermelon, apple, carrot, lemon, orange, pine, apple, legumes, cauliflower, and green smoothies.

The main barriers to the market for low-calorie foods are the weakness of the production chain and distribution chains and the higher price of the product compared to other ready-to-eat foods. Therefore, the main players are limited to developing economies of scale, as many consumers around the world are unable to offer more expensive diets. Additionally, ready-to-eat processed diet foods and artificial sweeteners are known to cause potential health risks that are foreseen to restrict the market for low-calorie foods.

Low-calorie Food Market Classified into Segments and Sub-segments:

low-calorie food market can be classified as

• nutrient-based substitutes

• sugar and alcohol substitutes

• sugar substitutes.

Depending on the products, the low-calorie food market can be classified as

• saccharin

• sucralose

• cyclamate

• stevia

• aspartame

Depending on the application,

• diet drinks

• dairy products

• candy

• baked goods

• ice cream and jellies

• snacks

Impact of COVID-19 on Low-Calorie Food Market

The pursuit of a healthy diet and lifestyle stands out as a key trend, especially as health comes to the fore amid the unprecedented coronavirus outbreak. Naturally, the market is seeing an increased demand for functional snacks, minimally processed foods, and a low-calorie diet, as consumers intend to enjoy a balanced diet. Rumors are circulating about the possible causes of health risks. The consumption of meat, for example, has been linked to various health diseases. Globally, the adoption of a low-calorie, plant-based diet is increasing. The trend will accelerate, especially in the absence of proper COVID-19 treatment or vaccination, leaving consumers concerned about ways to maintain better immunity. There is a rapid shift towards non-dairy alternatives that has stimulated demand for milk derived from almonds, walnuts, soybeans, and other sources. Similarly, vegan meat and vegan cheese are in the spotlight, especially with the arrival of giants in the vegetable category. Consumers, in general, are looking for a nutritious meal plan to improve their general well-being. Low-calorie foods are considered a treasure trove of plant-based nutrition, which includes protein, vitamins, A, B, and C, minerals, and dietary fiber. Health experts recommend a low-calorie diet consisting of at least two cups of vegetables. The sum total of these factors is positively reflected as the low-calorie food market shows an impressive growth trajectory.

Regional Analysis:

• North America

• Asia Pacific

• Europe

• Latin America

• the Middle East and Africa

The Asia-Pacific region is supposed to see significant growth for the low-calorie food market, driven by a growing preference for low-fat dairy beverages. Other factors that will drive demand for the product in the region include population growth and emerging economies such as India and China, which are home to many people with diabetes who need the product. North America, led by the United States, has the largest share of the low-calorie food business. The increasing popularity of low-fat products due to rising health awareness, diabetic and obese patients is expected to drive product growth in the region. Europe is estimated to be the fastest-growing region for the low-calorie food market, as it represents the maximum number of obese people in the world. In addition, the change in people's attitudes and lifestyles towards better health is likely to drive the global low-calorie food market in the area.

Low-calorie Food Market Key Players:

1. Danisco A/S

2. Cargill Incorporated

3. Galam Ltd.

4. Bernard Food Industries Inc.

5. Groupe Danone

6. McNeil Nutritionals LLC

7. Zydus Wellness Limited

8. Ajinomoto Co. Inc.,

9. The Coca Cola Company,

10. PepsiCo Inc.

11. Dr. Pepper Snapple Group Inc.

12. Beneo GmbH

13. Abbott Laboratories

14. Nestle S.A