The low-calorie food market will grow at a highest pace owing to rising health consciousness among global population. Low-calorie food products such as sugar-free drinks, low-fat dairy products, baked goods etc have witnessed immense popularity over the past few years as people have become increasingly aware regarding weight management and effects of excessive sugar and fat intake on overall health. The global population is shifting towards balanced diet and lifestyle to prevent chronic diseases like obesity, heart disease and diabetes. This provides a significant opportunity to market players in the low-calorie food industry to expand their product offerings catering to evolving consumer demands.
The low-calorie food market comprises of various food and beverage categories having reduced sugar, fat or calories as compared to their regular counterparts. Low-calorie drinks such as zero-sugar colas and low-fat milk have emerged as popular substitutes to ordinary sodas and whole milk. Low-calorie bakery items like bran cereal bars, diet cookies etc are widely consumed due to their nutrient profile. These foods not only aid weight loss or maintenance but also provide essential vitamins and minerals required for a healthy diet.
The Global Low-Calorie Food Market is estimated to be valued at US$ 14.66 Mn in 2024 and is expected to exhibit a CAGR of 3.7% over the forecast period 2024 to 2030.
Key Takeaways
Key players operating in the low-calorie food market are GE Healthcare,,Philips Healthcare,,NIHON KOHDEN CORPORATION,,Schiller AG,,Shenzhen Mindray Bio-Medical Electronics Co., Ltd. Major players are investing heavily in product innovation and new product launches to appeal changing tastes of health-conscious customers. They are coming up with low-cal snacks, beverages and main meals with added fiber, protein or probiotics for providing satiety and wellness benefits.
The demand for low-calorie food is surging exponentially due to rising obesity rates and related health issues worldwide. As per medical reports, over 650 million adults were obese in 2016 which imposes a heavy economic burden on healthcare systems. Hence, consumers are increasingly adopting low-cal options that can aid weight management in long-run.
Technological advancements have played a key role in development of low-calorie food industry. For example, advanced extraction techniques help in producing zero-calorie sweeteners like stevia from natural sources which are further used in beverages, desserts and bakery items for sugar reduction. Emergence of novel food processing methods allow manufacturers to prepare nutrition-rich low-cal food while retaining their taste and texture.
Market Trends
Customization is a key trend being witnessed in the Low-Calorie Food Market Share Companies offer a wide variety of product categories and flavors so consumers can choose foods matching their specific health goals and taste preferences. For example, low-calorie ice cream comes in various flavors like chocolate, vanilla etc while low-cal snacks are available in veggie, protein and whole grain options.
Growing demand for convenient, on-the-go low-cal snacks is driving market players to launch portable, single-serve and snack pack options. Products like nutrient bars, low-calorie nuts, crackers and popcorn are convenient to carry while traveling or for snacking between meals.
Market Opportunities
Plant-based, vegan and organic low-calorie food present lucrative opportunities for companies. With rising "health halo" and sustainability trends, more manufacturers are strengthening their portfolios through launching vegetarian, vegan and organic low-cal snacks, beverages and meals.
Emerging Asian markets like India and China boast of huge untapped potential for low-calorie packaged food due to escalating health issues, growing middle class and shifting dietary habits. International players can leverage opportunities through joint ventures and acquisitions in these regions.
Impact of COVID-19 on Low-Calorie Food Market Growth
The COVID-19 pandemic negatively impacted the growth of the global low-calorie food market in 2020. During the peak of the pandemic when lockdowns were imposed globally, consumption and demand for these products declined significantly. People focused more on stocking essential food items rather than opting for low-calorie substitutes. Supply chain disruptions led to shortages of raw materials and finished goods. Production units faced challenges of operating with limited workforce. However, with growing health awareness among individuals, the demand is recovering gradually post lockdowns. People are more inclined towards healthy eating and immunity-boosting foods to deal with pandemic stress.
Manufacturers are innovating new product varieties to cater to evolving consumer preferences. Online sales channel emerged as an important medium to reach customers during the pandemic. Companies strengthened their digital presence and logistics infrastructure to ensure seamless deliveries. Governments of various countries supported local producers through incentives and subsidies. It is expected that rising health consciousness triggered by COVID-19 would boost the adoption of low-calorie alternatives in the long run. Companies need to implement strict hygiene and safety protocols across facilities. Focusing on immunity-enhancing ingredients can aid market revival.
Geographical Regions with Highest Low-Calorie Food Market Value
North America dominates the global low-calorie food market currently, accounting for over 30% of the total value. The increasing incidence of obesity and lifestyle diseases have raised health awareness among consumers in the US and Canada. People actively prefer low-cal snacks, beverages and dairy products to manage weight. Europe is the second largest regional market, driven by growing health consciousness. Countries like Germany, UK and France have seen higher demand for low-sugar, low-fat food varieties. Asia Pacific is projected to be the fastest expanding market in the coming years due to rising health expenditure, western influences and expanding retail chains in major countries. Rising disposable incomes are boosting the consumption of low-calorie packaged goods in India, China and other developing nations.
Fastest Growing Region for Low-Calorie Food Market
The Asia Pacific region is poised to be the fastest growing market for low-calorie foods globally during the forecast period. Factors such as surging population, improving lifestyles, increasing obesity rates and widening health and wellness industry are fueling the demand across Asian countries. Rising health awareness is prompting consumers to opt for nutritionally rich yet lower calorie substitutes. Growing middle-class and working population with hectic schedules rely more on convenient packaged foods. Local producers are adapting to suit evolving tastes and expanding their regional presence. India and China represent highly lucrative markets with burgeoning middle-classes. Countries like Japan, South Korea, Indonesia, Malaysia and others present ample opportunities for global players. Thus, Asia Pacific exhibits maximum potential for rapid market expansion in the coming years.
