It is anticipated that increasing rates of obesity and the diseases it is linked to would fuel the expansion of the low-calorie food sector. The World Health Organization estimates that more than 1.9 billion persons, aged 18 and older, were overweight in 2016. Around 650 million of these people were obese. Moreover, in 2019, there were 38 million overweight or obese children under the age of five worldwide. A significant element boosting the market growth for low-calorie food throughout the predicted period is the rise in obesity cases across the globe. Consumers' increasing health and wellness consciousness is hastening the adoption of a healthy lifestyle and driving the market expansion for low-calorie foods.
Global Low-Calorie Food Market was valued at US$ 11.3 Billion in 2021 in terms of revenue, exhibiting a CAGR of 6.1% during the forecast period (2022 to 2030).
Leading Companies in the Low-Calorie Food Industry :
1. PepsiCo, Inc.
PepsiCo, Inc. manufactures, markets, distributes, and sells various beverages and convenient foods worldwide. The company was founded in 1898 and is based in Purchase, New York. In February, 2023 PepsiCo, Inc. have teamed up to give $50,000 and essential digital business-building resources to five Phoenix-based Hispanic-owned businesses to support operational enhancements in advance of the game.
2. Nestle SA
Nestlé S.A., together with its subsidiaries, operates as a food and beverage company. The company was founded in 1866 and is headquartered in Vevey, Switzerland. In October 2022, Nestlé announced the Nescafé Plan 2030, to support coffee farmers in the transition to regenerative agriculture, helping reduce greenhouse gas emissions from coffee farming and improve farmers’ livelihoods. The company is operational in more than 80 countries.
3. The Coca-Cola Company
The Coca-Cola Company, a beverage company, manufactures, markets, and sells various nonalcoholic beverages worldwide. The company was founded in 1886 and is headquartered in Atlanta, Georgia. In June, 2022 ESSENCE Festival of Culture as part of a five-year partnership extension with ESSENCE Communications, a leading media, and technology and commerce company dedicated to serving Black women and communities.
4. Groupe Danone
Danone S.A.operates through three segments: Essential Dairy & Plant-Based, Specialized Nutrition, and Waters. Danone S.A. was incorporated in 1899 and is headquartered in Paris, France. In February, 2023 Danone launches its new international Daniel Carasso Research & Innovation Center to accelerate research on the Future of Nutrition
5. Abbott Laboratories
Abbott is a global healthcare leader in medical products and devices manufacturing. It serves people in more than 160 countries. Abbott was established in 1888 and is based in North Chicago, Illinois. In February, 2023 Abbott and Cardiovascular Systems, Inc. (CSI), today announced a definitive agreement for Abbott to acquire CSI, a medical device company with an innovative atherectomy system used in treating peripheral and coronary artery disease.
6. Bernard Food Industries, Inc
Bernard Food Industries has been providing solutions to the Foodservice industry since 1947. The company has headquarters situated in Illinois, USA.
7. Zydus Wellness Ltd.
Zydus Wellness Limited develops, produces, markets, and distributes health and wellness products in India. The company was founded in 1988 and is based in Ahmedabad, India. Zydus Wellness Limited is a subsidiary of Cadila Healthcare Limited.
8. Ajinomoto Co., Inc
Ajinomoto Co., Inc. engages in the seasonings and foods, frozen foods, and healthcare and other businesses in Japan and internationally. The company was founded in 1909 and is headquartered in Tokyo, Japan.
*Definition- Low-calorie foods are a great way to manage your weight more effectively and hasten weight loss.
