Low-Calorie Food Market is Estimated to Witness High Growth Owing to Opportunity of Increasing Health Conscious Population
Low-Calorie Food Market is Estimated to Witness High Growth Owing to Opportunity of Increasing Health Conscious Population
The global Low-Calorie Food Market is estimated to be valued at US$ 12.72 billion in 2023 and is expected to exhibit a CAGR of 3.7% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

Low-calorie foods provide nutritional benefits and help manage weight goals. Products such as diet sodas, sugar-free snacks and low-fat dairy options satisfy cravings while limiting calories and sugars.

The global low-calorie food market is estimated to be valued at US$ 12.72 billion in 2024 and is expected to exhibit a CAGR of 3.7% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

 

Market Key Trends:

The accelerating demand for low-calorie food products can be attributed to rising health awareness among consumers and increasing prevalence of obesity and chronic diseases. As consumers become more conscious about the nutritional content of food items, they are exhibiting preference for products which are tasty andfilling but low in calories. This is driving widespread adoption of reduced sugar and low-fat variants of snacks, drinks and dairy alternatives. Manufacturers are innovating new formulations to maintain taste while cutting calories. They are also focusing on clean label trends by removing artificial Sweeteners and preservatives. widened product portfolios with more low-cal offerings. This is expected to bolster the low-calorie food market growth over the forecast period.

 

Segment Analysis

The global low-calorie food market is segmented into bakery, confectionery, snacks, beverages, and others. Among these, the snacks segment dominated the market in 2023 owing to rising health awareness and increasing demand for low-calorie snack products like low-calorie chips and nuts.

 

Key Takeaways

The Global Low-Calorie Food Market Size is expected to witness high growth over the forecast period of 2023 to 2030. The global low-calorie food market is estimated to be valued at US$ 12.72 billion in 2024 and is expected to exhibit a CAGR of 3.7% over the forecast period 2023 to 2030.

 

Regional analysis:

North America is expected to maintain its dominance in the low-calorie food market during the forecast period. This can be attributed to growing awareness about health issues like obesity and cardiac diseases. Moreover, key market players are focusing on product launches catering to consumers demands, thereby driving the regional market. The Asia Pacific region is projected to witness the fastest growth attributed to rising disposable incomes, growing health consciousness, and changing lifestyles in developing countries like China and India.

 

Key players:

Key players operating in the low-calorie food market are GE Healthcare, Philips Healthcare,NIHON KOHDEN CORPORATION, Schiller AG, and Shenzhen Mindray Bio-Medical Electronics Co., Ltd. GE Healthcare and Philips Healthcare collectively account for over 30% of the global market share owing to their diverse product portfolio and strong geographical presence across North America and Europe.


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