Low-calorie food products such as low-calorie snacks, beverages, and bakery items are gaining popularity among health-conscious consumers as they help maintain calorie intake and support weight management goals. These products deliver the same taste and experience as regular foods but are formulated to be lower in calories through alterations or reductions in ingredients such as fat, sugar, and carbohydrates. The growing prevalence of obesity and chronic diseases driven by unhealthy dietary habits has boosted the demand for low-calorie alternatives.
The global Low-Calorie Food Market is estimated to be valued at US$ 12.72 Bn in 2023 and is expected to exhibit a CAGR of 6.1% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market key trends:
The rise in demand for healthier diet options has accelerated the growth of the low-calorie food market. Consumers are increasingly making food choices based on nutritional content and ingredients, and low-calorie/diet products are seen as a better alternative for occasional indulgence without compromising health. Manufacturers are innovating new product varieties tailored to the needs of calorie-conscious populations. For instance, low-sugar or sugar-free versions of ice creams, snacks, and beverages have gained momentum. The formulation of products using natural and recognizable ingredients is also gaining prominence to appeal to health-savvy buyers.
Segment Analysis
The global low-calorie food market is segmented by product type, and distribution channel. Among product types, the beverages segment dominates the market and is expected to remain the largest segment over the forecast period. This is attributed to the wide range of low-calorie beverages available including low-calorie sodas, enhanced water, and diet drinks. The beverages segment is followed by bakery & confectionery and snacks & savory products.
Key Takeaways
The global Low-Calorie Food Market Growth is expected to witness high growth over the forecast period of 2023-2030. The market is anticipated to reach a value of US$ 22.30 Bn by 2030, expanding at a CAGR of 6.1% during 2023-2030.
Regional analysis:
North America holds the leading share in the global low-calorie food market. The demand for low-calorie food products has been rising significantly in the region driven by growing health consciousness and increasing prevalence of obesity and diabetes. Asia Pacific is projected to be the fastest growing regional market over the next few years supported by rapid urbanization, economic development, and changing lifestyles in countries such as India and China.
Key players:
Key players operating in the low-calorie food market are PepsiCo, Inc., Nestle SA, The Coca-Cola Company, Groupe Danone, Abbott Laboratories, Bernard Food Industries, Inc, Zydus Wellness Ltd., Dr. Pepper Snapple Group Inc., McNeil Nutritionals LLC, Cargill, Incorporated, and Ajinomoto Co., Inc. Key players are focusing on introducing new products and expanding their product portfolio to capitalize on the opportunities in the market.
For more insights, read- https://www.ukwebwire.com/low-calorie-food-market-trends-size-and-share-analysis/
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