Accelerating Demand for low-calorie food products Bolsters Low-Calorie Food Market Expansion

 

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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