24-Jun-2021 | Zion Market Research
Major companies in the low-calorie food market are Archer Daniels Midland Company, Zydus Wellness Limited, McNeil Nutritionals LLC, Pepper Snapple Group, The Coca Cola Company, Ajinomoto Co. Inc., Bernard Food Industries Inc, PepsiCo Inc., Abbott Laboratories, Nestle, amongst others. These players are set to bolster the development of the global low-calorie food market.
According to analysts at Zion Market Research, The global low-calorie food market accounted for USD 10.22 Billion in 2020 and is expected to reach USD 15.01 Billion by 2028, growing at a CAGR of 4.53% from 2021 to 2028.
This review is based on a report by Zion Market Research, titled "Low-Calorie Food Market By Substitute Type (Nutrient-based, Sweeteners, Sugar Alcohol-based), By Application (Dairy Items, Dietary Beverages, Snacks, Bakery Items): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2020 – 2028."
Rising Popularity of Sugar Alternatives To Spur Growth
The perception and awareness of an energy deficit between calories consumed and calories expended have boosted the popularity of sugar substitutes/alternatives. Factors such as increasing urbanization, increased disposable income on processed foods and drinks, and sedentary lifestyles have all contributed to a rise in the incidences of obesity. This trend has led customers to seek out sugar alternatives that do not add to the total number of calories consumed. The rise in sugar alternatives will spur the growth of the market. These are now used in grain products such as breads, cereals, granola bars, and dairy products such as sugar-free or "lite" yogurts, no-sugar-added ice cream, and flavoured milk were once limited to tabletop packets and diet soft drinks.
Global Low-Calorie Food Market
Growing customer demand for low-calorie snacks is expected to drive low-calorie food market growth over the forecast period. With many new entrants coming into the market, the global low-calorie food market displays a highly competitive business landscape, finds a new research report by Zion Market Research (ZMR). Archer Daniels Midland Company, Zydus Wellness Limited, McNeil Nutritionals LLC, Pepper Snapple Group, The Coca Cola Company, Ajinomoto Co. Inc., amongst others, are manufacturing different base low-calorie food the form of functional food, dietary supplements, and cereals bars. Mergers, acquisitions, growth, and investments are some strategies companies have used to capture the evolving market.
Browse the full “Low Calorie Food Market By Substitute Type (Nutrient-Based, Sweeteners, Sugar Alcohol-Based), By Application (Dairy Items, Dietary Beverages, Snacks, Bakery Items): Global Industry Perspective, Comprehensive Analysis, And Forecast, 2020 – 2028.” Report at https://www.zionmarketresearch.com/report/low-calorie-food-market
The Global Low-Calorie Food Market is segmented as follows:
By Substitute Type
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