The global low-calorie food market revenue is expected to expand at a significant CAGR over the forecast period. Low calorie foods contain low calories as compared to conventional foods. Intake of high calorie food without any physical activity can adversely affect health of a person. Regular consumption of high calorie food can cause disorders such as obesity, diabetes, high blood pressure, etc. Low calorie food has been proven to be better alternative to conventional food items.
Major factors driving growth of the global market are changing lifestyle and increasing health awareness among consumers. Preference for low calorie food is increasing, owing to its health benefits such as improved sleep and overall health. However, high cost of low calorie food and lack of awareness regarding benefits of low calorie food among people especially in developing economies is expected to hamper growth of the target market in the near future.
The global low calorie food market report has been segmented on the basis of product type, application, and region. On the basis of product type, the market is segmented into sugar substitutes, sugar alcohol substitutes and nutrient based substitutes. Sugar substitutes segment is further sub-segmented into aspartame, saccharin, and others. Sugar alcohol substitutes segment is further sub-segmented into sorbitol, erythritol, and others. Nutrient based substitutes are further sub-segmented into carbohydrate-based, protein-based, fat-based. On the basis of application, the market is segmented into dairy products, bakery products, dietary beverages, and snacks.
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Based on the region the target market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The market in North Americas expected to dominate the global market in terms of revenue over the forecast period, owing to increasing consumption of low calorie food and rising health awareness among consumers in this region. The market in Europe holds second highest share in terms of revenue. The market in Asia Pacific is expected to register highest share in terms of revenue in the near future.
Key players operating in the global low calorie food market include Ajinomoto U.S.A., Inc., BENEO-Orafti SA, Ingredion Incorporated, Abbott Laboratories, Galam Ltd., PepsiCo Inc., Zydus Wellness Ltd., Bernard Food Industries, Inc., Danisco A/S., and Archer Daniels Midland Company.