The
alarming rise in the cases of obesity and overweight conditions has
become a major concern for the majority of governments and health
organizations worldwide. These conditions pose a great risk to human
life and can potentially give birth to other health related problems
too. According to a study by the World Health Organization (WHO),
overweight conditions and obesity in people have ended up in about
7–41 percent of certain cancers, 44 percent of diabetes, and 23
percent of ischaemic heart disease across the world. The rising
prevalence of obesity and overweight issues is the foremost factor
escalating the demand for low-calorie food.
While
obesity and overweight conditions continue to remain a part of the
bigger picture in the global
low-calorie food market, factors such as the shift towards
sedentary lifestyle and widening base of health-conscious population
are also stoking the growth of the market. According to a report by
Transparency Market Research (TMR), the global market for low-calorie
food is poised to reach a valuation of US$10.41 bn by the end of
2019, progressing at a CAGR of 5.9% between 2013 and 2019. However,
the growth of the market is hampered by the high cost of low-calorie
food products, says a TMR analyst.
Why
are developed regions at the forefront of the growth of the global
low-calorie food market?
Various
studies indicate that the number of cases of obesity and overweight
conditions reported is higher in developed countries than in
developing or less-developed countries. This factor builds a strong
foundation for the growth of the low-calorie food market in these
regions. The U.S. in North America and the U.K. in Europe are the
leading countries in terms of the number of obese people in the
world. Throughout the forecast horizon, North America is anticipated
to be the frontrunner in the global arena, closely trailed by Europe.
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On
the other hand, developing regions such as Asia Pacific and Latin
America are expected to exhibit promising growth opportunities during
the same period. In countries such as China and India, the expanding
pool of patients suffering from diabetes is likely to trigger the
demand for low-calorie food products.
Which
are the key product segments in the global low-calorie food market?
On
the basis of product type, sucralose is estimated to outpace all
other segments in terms of CAGR. Approval from government bodies is
one of the key factors that makes this segment edge over other
segments. The European Union’s Scientific Committee on Food (SCF)
has pegged it to be completely safe for consumption. Sucralose finds
a wide range of applications in low-calorie food products such as
salad dressings, table top sweeteners, fizzy drinks, baking mixes,
chewing gum, and breakfast cereals. Apart from this, the market for
stevia is also gaining traction, thanks to the increasing consumer
inclination towards natural products and additives.
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