The global Low Fat Drinks market is expected to garner a market value of US$ 70 Million in 2023 and is expected to accumulate a market value of US$ 120 Million by registering a CAGR of 6% in the forecast period 2023 to 2033. The market for Low Fat Drinks market registered a CAGR of 4% in the historical period 2018 to 2022. Increased acceptance from the food industry owing to higher demand for low fat and healthy drinks options.
As per FMI – market research and competitive intelligence provider, over the past half-decade, the global market value for low fat drinks has been boosted owing to the increased consumer base of the product. Manufacturers in the beverage market are emphasizing customized beverages to target the age group 18-34 years, leading to frequent product launches over the last 5 years.
A large number of the population is inclining towards sustaining a healthy lifestyle, which propelled buyers to consume food and beverages which has some potential health benefits. With the recent trend, buyers have become more conscious about what they are consuming in their diet, due to which consumers are ready to spend on a holistic approach to health and wellness that involves nearly every aspect of life.
According to the Centers for Disease Control and Prevention, Children and adolescents in higher-income categories reported low-fat milk as their usual milk type more frequently than children in lower-income categories. Furthermore, approximately 20% of children and adolescents reported low-fat milk as the type of milk usually consumed. Two-percent milk was reported as the type of milk usually consumed by 45.4% of children and adolescents.
Additionally, people are facing health-related diseases such as high cholesterol, strokes, high blood pressure, heart diseases and high blood sugar which increased the demand for low fat drinks in the food and beverage industry. Buyers are becoming more conscious and shifting their preference towards consuming low calories, Sugar free, gluten free and low fat drinks.
Low fat drinks are healthy and nutritious rich drinks with reduced fat and low in calories. Buyers across the globe are reducing the intake of certain beverages which are high in fat, sugar and sodium. Further, they are opting for low fat drinks with less artificial ingredients.
Various startups are entering the market and contributing to the bolstering growth of the market. One such startup is Premier Protein which is the recipient of the American Master of Taste Gold Medal for SUPERIOR TASTING ready-to-drink protein beverages in a national taste test by Chefs In America in 2015, 2016 and 2017. Each shake contains 30g of protein with all the essential amino acids, 160 calories, 1g sugar, low fat, 24 vitamins and minerals, 5g carbs. Premier Protein shakes contain essential protein with a fraction of the sugar and fat that other protein sources provide. Their shakes are designed to curb your hunger and fuel your energy for whatever you love to do.
Furthermore, growing concern about the side effects of synthetic additives and chemicals used in food and beverages is driving the demand for low fat drinks. In July 2022, Chinese beverage giant Genki Forest announced its plans to launch a sugar-free cola-flavored drink. The new drink passed final internal tests, and will be put on sale as early as the beginning of August, with advanced arrival planned for e-commerce platforms. This move marks that the beverage newcomer will compete with top product lines of Coca-Cola and Pepsi. The two latter giants have long held most of the world’s carbonated market share, entering the Chinese market in 1979 and 1981, respectively.
A large number of population is inclining towards sustaining a healthy lifestyle, which propelled buyers to consume food and beverages which has some potential health benefits. With the recent trend, buyers have become more conscious about what they are consuming in their diet, due to which consumers are ready to spend on a holistic approach to health and wellness that involves nearly every aspect of life.
Additionally, People are facing health-related diseases such as high cholesterol, strokes, high blood pressure, heart diseases and high blood sugar which increased the demand for low fat drinks in the food and beverage industry. Buyers are becoming more conscious and shifting their preference towards consuming low calories, Sugar free, gluten free and low fat drinks.
Low fat drinks are healthy and nutritious rich drinks with reduced fat and low in calories. Buyers across the globe are reducing the intake of certain beverages which are high in fat, sugar and sodium. Further, they are opting for low fat drinks with less artificial ingredients.
Growing concern about the side effects of synthetic additives and chemicals used in food and beverages is driving the demand for low fat drinks. For Instance, In 2020 PepsiCo, Inc., introduced a sugar free variant in its Mountain dew product line of carbonated drinks in the USA
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Consumers are rapidly shifting towards the consumption of low fat drinks for the prevention of health issues and meeting dietary requirements. A growing number of consumers, especially Millennials, are consuming low far drinks to prevent various diseases, such as obesity, high blood pressure, gallbladder disease & gallstones, diabetes, osteoarthritis and others Moreover, consumers also consume weight management beverages to prevent common ailments, such as cold or digestive problems. Consequently, the demand for low fat drinks is increasing which provide various nutritional and health benefits.
Consumers are adopting consumption of vegan products, including plant-based beverages. Lactose intolerant consumers prefer more of plant-based low fat drinks owing to the increasing food safety concerns due to usage of antibodies and hormones used in dairy-based products. People are now aware of cruelty towards animals and inclining towards consumption of vegan low fat drinks.
Vegetables and fruits contain many nutrients, including vitamins and minerals, are rich in fibre, as well as have hundreds of beneficial plant chemicals like phytochemicals. These phytochemicals function as antioxidants which helps in the reduction of extra body weight. Fruits and vegetables come from natural sources. As a result, the body will absorb more nutrients as compared to natural and artificial beverages.
There are many health benefits associated with the consumption of vegetables and fruits, which include maintaining healthy blood pressure, reducing blood cholesterol levels, reduced risk of many chronic diseases, lower incidences of cardiovascular diseases, and others. Thus, increasing the demand for low fat drinks.
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Buyers are demanding more of natural low fat drinks. Natural low fat drinks which are animal or plant-based are more nutritional as compared to any other drinks like carbonated beverages and others.
Natural and fresh low fat drinks come from food-based sources, and as a result, the body will absorb more nutrients as compared to beverages that have artificial ingredients. Several health benefits are associated while consuming natural beverages, which include no obesity, healthy lifestyle, natural cures, weight control and weight loss.
On the other hand, carbonated drinks are made from artificial chemicals and vitamins, which may cause harmful effects on health. Thus, with an increase in the awareness among the population about the health benefits of natural beverages, consumers are inclining towards natural, non-modified functional ingredient products, which is expected to surge the demand for the weight management beverages market during the forecast period.
For instance, Roquette offers nutriose, which a sugar free low fat drink. Nutriose is a low fat drink which will increase the fibre consumption and boost energy. Furthermore, it has digestive benefits and helps in blood glucose management.
An increase in the disposable income of buyers leads to an increasing preference for premium products. Many multinational companies such as Amway, DuPont, and other low fat drinks in different varieties in terms of premium and economical ranges.
These manufacturers’ are expanding lucrative opportunities to capitalize on premiumization of their low fat drinks portfolio to gain traction in the market due to an increase in globalization and economic growth. In 2020, Asahi Breweries Ltd, started producing it first alcohol-free beer “Asahi Dry Zero” using renewable energy by following steps of Asahi super dry.
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Innovations in the food and beverage industry are being made to meet the food industry demand for healthy food products for human consumption without negotiating on flavor, taste, texture, and nutritional qualities of the product. Some key players of low fat drinks are
Moreover, low fat drinks players are engaging in increasing their product portfolio by expanding their global operations to other regions by strengthening their distribution channels.
Multinational companies are focusing on the expansion of their manufacturing facilities and acquiring local players that would complement their product offerings. For example, Coco Cola offers several low fat drinks such as DASANI, Sprite Zero, Diet coke, gold peak unsweetened tea and many more.
Higher Internet penetration whole over the world has led to the emergence of e-Commerce as a source for convenient and accessible sales channel for low fat drinks.
Many retailers and manufacturers are coming up with their low fat drinks to target large section of buyers by setting up online shopping options on e-commerce websites or through their company websites Organic India Pvt. Ltd., healthvit.com, Medisyskart, Amazon, Flipkart, and others are some of the online stores which supply low fat drinks, globally.
Evolution in the lifestyle trend anticipated the rise of low fat RTD beverages. Consumers are focusing more on low fat drinks which can be consumed without any efforts with more nutrition consumption. Manufacturers are adopting various strategies to produce feasible RTD low fat drinks without artificial sweeteners and clean label.
The Low fat drinks market report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases).
The report also features a complete qualitative and quantitative assessment by analysing data gathered from industry analysts and market participants across key points in the industry’s value chain.
A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the Low fat drinks market report projects the attractiveness of each major segment over the forecast period.
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Low Fat Drinks Market
