The worldwide low-calorie food market is rising at a noteworthy rate due to a surge in the geriatric population, increasing health mindfulness, swift acceptance of fit lifestyle, and growing diabetes and obesity rates. There is a high request for low-calorie foods in nations with extremely obese people such as Brazil, China, and India. The varying food design of children and youth is providing ample development chances for the low-calorie food market in the coming years. Low-calorie products such as Splenda, sugar-free, and glucerna SR tablets are offering growth chances for the low-calorie food manufacturers in the developing market.
Growth Drivers
Changing Lifestyle and increasing health worries
The growing health worries and varying lifestyle is pushing this market section upwards. Low-calorie food is helpful for many health matters, and so people are challenging more of such food products. The main powerful forces for the development of this market are the fast rise in cases of obesity and diabetes. The main preventive factor for the growth of this market is the high cost of these products. The growing awareness about healthy food and a healthy market would provide development chances in this market. To endorse considerable weight loss and improve glycemic control in obese patients with Type 2 diabetes, short-term use of low-calorie food materials is very real. Additionally, low-calorie food decreases the substrate for gluconeogenesis and surges insulin kindliness.
Increasing substitutes in the market
The rise of various useful foods, dietary additions, suitability foods and cereal bars over the past few years has increased request for low-calorie diets amongst city inhabitants because of busy routine and lack of physical activity. Increasing demand for sugar substitutes coupled with rising global aging people is further likely to fuel request for low-calorie foods over the next six years. However, mock sweeteners and ready-to-eat processed food products are known to have possible health hazards, which are predictable to confine the market over the forecast period.
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Impact of COVID -19
The COVID-19 pandemic and the actions taken care of have already negatively impacted the state of food security and nutrition (FSN) everywhere the world. However, as the crisis changes and continues to change the food systems, it also risks intensifying the gender gap in FSN, thereby worsening malnutrition and hunger amongst women and young girls.
Global Low-Calorie Food Market: Segmentation
Based on type, the low-calorie food market can be considered as nutrient-based substitutes, sugar alcohol alternates, and sugar substitutes. Aspartame was the largest product segment in 2014 because of its extensive use as an artificial sweetener in food products and beverages. A shift in consumer preference towards naturally sourced products has augmented the demand for stevia and is expected to have potential growth prospects over the next six years. The most usually used replacements among the consumers are sugar alternates.
Based on the application, the low-calorie food market can be categorized as Dairy Products, Bakery Products, Dietary Products, and Snacks. Dairy-based products top the small calorie food market amid the application categories, due to the health benefits offered by the products.
In terms of geography, Global Low-Calorie Food Market has been divided into North America, Europe, Asia Pacific, South America, and the Middle East & Africa.
Global Low-Calorie Food Market: Regional Insights
Asia Pacific region is predictable to see significant growth for the low-calorie food market, possessing a growing fondness for less fat content dairy beverages. Other factors that will effort product demand in the region include growing populations and developing economies like India and China, which are home to many diabetic people who requires the product. North America, led by the U.S., holds a significant portion of the low-calorie food market. Up surging admiration of less fat content products due to rising health awareness, diabetic and obese patients are expected to fuel product growth in the region. Europe is predictable as the fastest rising region for the low-calorie food market as its versions for many obese people globally. Besides this, changing attitudes and routines of people towards better health is likely to compel the low-calorie food market.
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The objective of the Study:
• To analyze and forecast the Global Low-Calorie Food Market size of the market in terms of value.
• To examine the careful market segmentation and forecast the market size, in terms of value, based on the region by segmenting.
• The Global Low-Calorie Food Market into five regions, namely, North America, Europe, Asia Pacific, Middle East, South America, and their leading countries.
• To outline, categorized, and forecast the Global Low-Calorie Food Market based on the Type, by Application and by Regional.
• To examine competitive developments, like By Type, by Application, By Regional within the Global Low-Calorie Food Market.
• To highlight the impact analysis of the factors affecting the market dynamics such as growth drivers.
• To strategically profile the key players and comprehensively analyze their market shares along with detailing the competitive landscape for market leaders.
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