The Low-calorie Food Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Low-calorie Food Global Market Report 2024, The low-calorie food market size has grown strongly in recent years. It will grow from $13.65 billion in 2023 to $14.69 billion in 2024 at a compound annual growth rate (CAGR) of 7.6%. The growth in the historic period can be attributed to evolving food preferences, environmental and sustainability concerns, increased environmental and sustainability concerns, accessibility and availability, celebrity endorsements and influencers.
The low-calorie food market size is expected to see strong growth in the next few years. It will grow to $20.23 billion in 2028 at a compound annual growth rate (CAGR) of 8.3%. The growth in the forecast period can be attributed to cultural and demographic shifts, sustainability concerns, demand for convenient healthy foods, stringent nutritional labeling, prevalence of diet-related diseases.. Major trends in the forecast period include health and wellness movement, productinnovation, plant-based and vegan diets, technological innovation, functional foods.
The increasing prevalence of obesity and diabetes around the globe is expected to drive the low-calorie food market going forward. Obesity is a disease that primarily involves a relatively higher body fat percentage. Diabetes is a disease caused by very high blood glucose levels. Obesity and diabetes are interrelated and occur together. A low-calorie diet can be very beneficial in obesity and diabetes treatment as it makes the fat-burning process faster and puts the body in a catabolic state. For instance, according to the International Diabetes Federation, an umbrella organization of more than 230 national diabetes associations from over 160 countries, in 2021, approximately 537 million adults (20-79 years) were living with diabetes. The number of patients is expected to rise to 643 million by 2030 and 783 million by 2045. Furthermore, according to the World Obesity Federation, a federation of scientific, medical, and research professionals from over 50 regional and national obesity associations, 1 billion people globally, including 1 out of 5 women and 1 out of 7 men, will be living with obesity in 2030. Therefore, the increasing prevalence of diabetes and obesity is driving the low-calorie food market.
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The low-calorie food market covered in this report is segmented –
1) By Type: Sugar Substitutes, Sugar Alcohol Substitutes, Nutrient Based Substitutes
2) By Product: Aspartame, Sucralose, Stevia, Saccharin, Cyclamate
3) By Application: Dairy Products, Dietary Beverages, Bakery Products, Snacks, Other Applications
Advancements in vegan low-calorie foods are a key trend gaining popularity in the low-calorie food market. Major companies in the market are focusing on developing vegan low-calorie food options to cater to the growing trend of veganism. For instance, in September 2022, Nada Moo!, a Texas-based vegan ice cream company, launched Frozen Bites. The product is a vegan low-calorie dessert containing only 50–70 calories per serving.
The low-calorie food market report table of contents includes:
1. Executive Summary
2. Low-calorie Food Market Characteristics
3. Low-calorie Food Market Trends And Strategies
4. Low-calorie Food Market – Macro Economic Scenario
5. Global Low-calorie Food Market Size and Growth
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26. South America Low-calorie Food Market
27. Brazil Low-calorie Food Market
28. Middle East Low-calorie Food Market
29. Africa Low-calorie Food Market
30. Low-calorie Food Market Competitive Landscape And Company Profiles
Top Major Players:
- Ajinomoto Co. Inc
- Beneo Group
- Ingredion Incorporated
- Abbott Laboratories
- Galam Ltd
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