Analysts Predict Global Low-Calorie Food Sales to be Worth US$ 20.7 Bn by 2031

According to a revised analysis by Persistence Market Research, the global low-calorie food market is estimated to be valued at around US$ 11.6 Bn in 2021, and is expected to progress at a CAGR of nearly 6% through 2031, to reach an estimated value of US$ 20.7 Bn.

Low-calorie food is the major growing segment of the global health food market. Growing health concerns and changing consumer lifestyle favoring low-calorie foods are the major driving factors for this industry. Other major reasons include increasing diabetes concern and rising obesity levels.

In recent times, obesity has become one of the most challenging health problems across the world. Obese people are more likely to develop diseases such as diabetes and cardiovascular diseases at a young age.

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High obesity rate among children is a major concern for parents, which compels them to keep their children away from high calorie food and opt for low-calorie food. People have started consuming low-calorie products as precautionary measures to avoid obesity and diabetes, which can further lead to more fatal conditions.

Low-calorie food products are available in almost all general food segments such as dairy products, baked products, confectionery, and dietary beverages. One of the major growth challenges for the industry includes artificial sweeteners, which are sometimes perceived to be cancer supportive.

Such claims create confusion in the customer's mind, hampering the growth of the low-calorie food market. The U.S. is the largest market for low-calorie food, followed by the European countries. The developing nations in the Asia-Pacific region are expected to show high growth in the coming years.

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Emerging markets such as China and India have rising number of diabetes patients, fueling the demand for low-calorie food. For instance, low-calorie products such as Sugar Free, Glucerna SR, and Splenda tablets are in great demand among diabetic patients. Asian countries are witnessing increasing urbanization and higher disposable income that act as opportunities for premium pricing low-calorie food.

Some of the major companies operating in the market are PepsiCo Inc., The Coca-Cola Company, Groupe Danone, Bernard Food Industries, Inc., Nestle S.A., Ajinomoto Co., Inc., McNeil Nutritionals, LLC and Cargill, Incorporated.

Market Taxonomy

By Product

Aspartame
Sucralose
Stevia
Saccharin
Cyclamate
By Application

Beverages
Food
Healthcare
Tabletop
By Region

North America
Europe
Asia Pacific
Rest of the World (ROW)

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This release was published on openPR.