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. Low-calorie foods are food items containing low or reduced calorie as compared to regular foods and beverages. They help support weight loss and management. The need to adopt healthier eating habits and growing health consciousness has increased the demand for low-calorie food products globally.
Market Overview:
They provide essential nutrients while limiting calorie and fat content. This allows consumers to manage their weight and general health. Growing obesity rates worldwide have boosted the popularity of low-calorie snacks and beverages.
Market key trends:
The key driver for the low-calorie food market is the rising health consciousness among consumers. With growing obesity and related diseases, people are actively looking for healthier food choices. Additionally, the demand for sugar-free and no-sugar-added products is increasing significantly. Various food companies have launched innovative low-calorie product lines incorporating natural sweeteners to cater to this consumer preference for healthier sweet taste solutions. This is a major trend in the market.
Segment Analysis
The Global Low-Calorie Food Market Size is segmented into Low-Calorie Sweeteners, Low-Calorie Beverages, Low-Calorie Dairy, Low-Calorie Confectionary and other segments. The low-calorie sweeteners segment dominates the market and is expected to witness high growth over the forecast period. The low-calorie sweeteners segment provides sugar-free substitutes that reduce sugar intake and calories with no compromises on taste. Dietary concerns along with rising health issues like obesity and diabetes have increased the demand for low-calorie sweeteners.
Key Takeaways
The global low-calorie food market is expected to witness high growth, exhibiting a CAGR of 6.1% over the forecast period, due to increasing health consciousness and growing preference for healthy diets.
Regional analysis:
North America dominates the low-calorie food market currently, owing to the growing health awareness and adaption of healthy lifestyles in the region. However, Asia Pacific is expected to grow at the fastest rate during the forecast period due to rising middle-class population and increasing western influence on dietary patterns in developing countries like China and India.
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. PepsiCo dominates the market due to their prominent brand presence and wider product portfolio across categories like low-calorie beverages and confectionary.
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