Low-Calorie Food Market is projected to be worth USD 78.92 Million by 2033 and is anticipated to surge at a CAGR of 12.42%.
Food items that are low in calories are referred to as Low-Calorie food. They are great options for people who want to increase the volume in their meals without going overboard with calories. People who are trying to maintain a healthy lifestyle frequently go for these meals because they provide a number of health and psychological benefits, such as helping people lose weight, managing their diabetes, and lowering their risk of obesity.
Global Low-Calorie Food Market Driving Factors and Challenges
The growing health consciousness of consumers worldwide is likely to drive significant expansion in the global low-calorie food market over the forecast period. Over the past 10 years, there has been an increase in obesity, diabetes, and cardiovascular diseases. This has led to a desire for meals with low fat content, which is predicted to drive market demand. Growth in the market is anticipated to be mostly driven by consumers' changing lifestyles and rapid urbanization. The recent shift in consumer preference towards naturally sourced products has augmented its demand and is expected to have potential growth and emerging opportunities over the next six years. The market is divided into four segments based on application: food, beverages, healthcare, and table-top. Because consumers' demand for packaged juice products and other health drinks is rising, beverages are predicted to expand at the quickest rate during the projection period.
One of the main things limiting the intake of low-calorie foods is taste. Furthermore, over the course of the forecast period, the high cost of low-calorie beverages is anticipated to impede the growth of the low-calorie food market. Furthermore, it is anticipated that the global low-calorie food market will face difficulties due to the use of artificial preservatives in low-calorie foods. During the forecast period, the global low-calorie food market growth is anticipated to be hindered by the claims made by processed and ready-to-eat foods regarding their low potential health hazards.
Impact of COVID-19 on Global Low-Calorie Food Market
The market seems to be greatly impacted by the COVID-19 outbreak. The necessity of boosting immunity to develop resistance against the virus and rising health awareness has caused a significant change in eating habits, and a number of low-calorie goods are growing in popularity. Hence, COVID-19 has led to very significant positive effect on the market because more people are choosing safer and more nutrient-dense restaurant products and are adopting healthier living standards. Both the number of people moving toward healthier and more sustainable lifestyles and the congestion in hospitals are growing. During the pandemic, there has been a demand for dairy-free substitutes like milk made from soybeans, almonds, nuts, and other sources.
Global Low-Calorie Food Market Key Players:
The market study provides market data by competitive landscape, revenue analysis, market segments and detailed analysis of key market players such as Kraft Heinz Company, Campbell Soup Company, Conagra Brands, Kellogg Company, Nestle, Unilever, Danone, Yili Group, Marico Limited, BRF S.A., Bunge Limited, Cargill Incorporated and others.
Global Low-Calorie Food Market Segmentation:
By Product Type: Based on the Product Type, Global Low-Calorie Food Market is segmented as; Snacks, Beverage, Frozen meals, Baked goods, Dairy products.
By Distribution Channel: Based on the Distribution Channel, Global Low-Calorie Food Market is segmented as; Supermarket, hypermarket, convenience store, online retail store.
By Packaging Type: Based on the Distribution Channel, Global Low-Calorie Food Market is segmented as; Bottles, Cans, Pouches.
By Ingredients: Based on the Distribution Channel, Global Low-Calorie Food Market is segmented as; Natural sweeteners, Sugar substitutes, Low fat, Fat-free, Plant-based.
By Brand Positioning: Based on the Distribution Channel, Global Low-Calorie Food Market is segmented as; Mainstream, Health-focused, Organic or natural, Specialty.
By Region: This research also includes data for North America, Asia-Pacific, Latin America, Middle East & Africa and Europe.
This study also encompasses various drivers and restraining factors of this market for the forecast period. Various growth opportunities are also discussed in the report.