Global Low Calorie Food Market Size, Trends and Growth opportunity, By product (aspartame, sucralose, stevia, saccharin and cyclamate), By application (food & beverages, healthcare and table top), By region and forecast till 2027.
Global Low Calorie Food Market
The global low calorie food market was valued at US$9.6 billion in 2021 and it is expected to reach at US$16 billion in 2027 at a CAGR of 5.7% during forecast period 2022-2027.
As customers' awareness of their health increases globally, the market for low-calorie foods is anticipated to develop significantly over the coming years. Demand for foods with reduced fat content has increased as a result of rising obesity, diabetes, and cardiovascular disease difficulties over the past 10 years, which is predicted to drive market demand. They are readily accessible in dairy products, baked goods, snacks, and dietary beverages.
Market Drivers
The demand for low-calorie food is being fuelled by the adoption of healthy lifestyle habits and eating habits. The industry will be driven in the upcoming years by the entry of numerous functional foods and nutritional supplements. Consumers' increasing health and wellness consciousness is accelerating the adoption of a healthy lifestyle and driving the market expansion for low-calorie foods.
Market Restraints
The consumption of low-calorie meals is significantly restricted by taste. Furthermore, during the course of the forecast period, the market growth for low-calorie meals is anticipated to be constrained by the high cost of low-calorie beverages. A barrier for the low-calorie food sector is also anticipated to come from the use of artificial preservatives in low-calorie foods.
Market Segmentation
The global low calorie food market segmented into product and application. On the basis of product it segmented into aspartame, sucralose, stevia, saccharin and cyclamate. On the basis of application it segmented into food & beverages, healthcare and table top.
Regional Analysis
The global low calorie food market segmented into five regions North America, Europe, Latin America, Asia Pacific, Middle East and Africa. The global market is anticipated to be dominated by North America and Europe, while Asia Pacific is expected to rise faster in the subsequent years. Increased attention to health and wellbeing as well as rising diabetes cases will fuel the demand seen in these areas.
Key Players
Various key players are listed in this report such as PepsiCo, Inc., Nestle SA, The Coca-Cola Company, Groupe Danone, Abbott Laboratories, Bernard Food Industries, Inc., Zydus Wellness Ltd., Dr. Pepper Snapple Group Inc., McNeil Nutritionals LLC and Cargill, Incorporated.
Market Taxonomy
By Product
Aspartame
Sucralose
Stevia
Saccharin
Cyclamate
By Application
Food & Beverages
Healthcare
Table Top
By Region
North America
Latin America
Europe
Asia Pacific
Middle East
Key Question Addressed by the Report
What are the Key Opportunities in Global Low Calorie Food Market?
What will be the growth rate from 2022 to 2027.
Which segment/region will have highest growth?
What are the factors that will impact/drive the Market?
What is the role of key players in the value chain?
What is the competitive Landscape in the industry?
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