The low-calorie food global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Low-calorie Food Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
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.
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Scope Of Low-calorie Food Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Low-calorie Food Market Overview
Market Drivers –
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.
Market Trends –
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 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
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Regional Insights –
North America was the largest region in the low-calorie food market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the low-calorie food market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Key Companies –
Major companies operating in the low-calorie food market report are Ajinomoto Co. Inc., Beneo Group, Ingredion Incorporated, Abbott Laboratories, Galam Ltd., PepsiCo Inc., Zydus Wellness Limited, Bernard Food Industries Inc., Danisco A/S, Archer Daniels Midland Company, The Coca-Cola Company, Cargill Incorporated, Groupe Danone SA, Nestlé S.A., McNeil Nutritionals LLC, Dr Pepper Snapple Group Inc., Heartland Food Products Group, Glucerna SR tablets, Kellogg Company, General Mills Inc., The Hershey Company, Mars Incorporated, Mondelez International Inc., Unilever plc, Kraft Heinz Company, Campbell Soup Company, Conagra Brands Inc., The J.M. Smucker Company, Hormel Foods Corporation, Tyson Foods Inc., Maple Leaf Foods Inc., Beyond Meat Inc., Impossible Foods Inc., Amy’s Kitchen Inc., Sweetgreen Inc., Freshii Inc., Just Salad LLC, Chopt Creative Salad Company LLC, Tender Greens, Cava Group Inc., Dig Inn Hospitality Group LLC, Lemonade Restaurant Group LLC
1. Executive Summary
2. Low-calorie Food Market Report Structure
3. Low-calorie Food Market Trends And Strategies
4. Low-calorie Food Market – Macro Economic Scenario
5. Low-calorie Food Market Size And Growth
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27. Low-calorie Food Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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