Accelerating Demand for low-calorie food products Bolsters Low-Calorie Food Market Expansion
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| Low-Calorie Food Market |
Low-calorie foods are food items
that have been reformulated or created to reduce their calorie content. This
includes various options in snacks, beverages, dairy, etc. Low-calorie foods
provide all the taste and satisfaction of regular foods but with fewer
calories. They help support weight management goals and an active lifestyle.
With increasing obesity and lifestyle diseases, consumers are becoming
health-conscious and opting for low-calorie food products.
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 3.7% over the forecast period 2023 to 2030, as highlighted in a
new report published by Coherent Market Insights.
Market Dynamics:
Rising health consciousness among
consumers is a key driver of growth for the low-calorie food market over the
forecast period. With growing awareness about nutrition and fitness, people are
making healthier choices in their daily diets by choosing low-calorie
alternatives. Furthermore, growing instances of obesity and other lifestyle
diseases have prompted individuals to switch to low-calorie food products.
According to the WHO, globally over 1.9 billion adults aged 18 years and older
were overweight in 2016. The overweight population is expected to grow further
over time. This rising prevalence of obesity will augment the demand for
low-calorie alternatives. Additionally, as the global population grows and
achieves higher incomes, demand for processed packaged food products is on the
rise which is also propelling demand for low-calorie variants of these foods.
SWOT Analysis
Strength: The Low-Calorie Food
Market is growing due to increasing health consciousness among consumers.
Low-calorie food products provide nutritional benefits without compromising on
taste. They help manage weight and maintain overall wellness. The availability
of varied low-calorie food options across different food categories is
positively impacting the market growth.
Weakness: Developing low-calorie
food formulations with natural ingredients and original taste is challenging
for food manufacturers. This leads to lesser preference for some low-calorie
substitutes. Product launches in this space also involve high R&D costs
which can deter new entrants.
Opportunity: Rise in obesity and
lifestyle-related disorders worldwide is driving the demand. Growing focus on
fitness and weight management offers significant scope. Introduction of product
lines specific to regional dietary habits can help expand consumer base.
Innovations using latest food science will aid market expansion.
Threats: Intense competition
exists as major players continuously strive to offer better tasting products.
Alternative healthy and organic food trends may impact sales. Strict regulatory
norms and labeling laws across regions pose compliance challenges for brands.
Key Takeaways:
The Global
Low-Calorie Food Market Size is expected to witness high growth. 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 3.7% over the
forecast period 2023 to 2030.
The Asia Pacific region dominates
the global low-calorie food market owing to rising health consciousness and
growing obese population in India and China. The large customer base and
availability of raw materials at lower costs contribute to market growth. North
America is another major region driven by higher adoption of healthier
lifestyles and growing trends of calorie counting.
Key players
Key players operating in the
Low-Calorie Food Market are GE Healthcare,,Philips Healthcare,,NIHON KOHDEN CORPORATION,,Schiller
AG,,Shenzhen Mindray Bio-Medical Electronics Co., Ltd. These players are
focusing on new product innovations, expansions, and M&A activities to
strengthen market presence.
Get More Insights Here
https://www.newswirestats.com/low-calorie-food-market-size-share-growth-outlook-2023/
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