The global low-fat low-calorie desserts market is expected to witness a market value of US$ 9 billion in 2023 and is expected to accumulate a market value of US$ 16.4 billion by registering a CAGR of 6.2% in the forecast period 2023 to 2033. The Low-fat Low-calorie Desserts market registered a CAGR of 3.3% in the historical period 2018 to 2022. Factors such as increasing health awareness among consumers, as well as the growing demand for healthier food options, are expected to boost market growth over the analysis period.
| Data Points | Key Statistics |
|---|---|
| Expected Market Value in 2023 | US$ 9 billion |
| Projected Market Value in 2033 | US$ 16.4 billion |
| Growth Rate (2023 to 2033) | 6.2% CAGR |
As per Future Market Insights - a market research and competitive intelligence provider, the global market value for Low-fat Low-calorie Desserts has flourished. One of the major factors that are expected to accelerate market growth includes rising health concerns. With an increasing focus on health and wellness, consumers are seeking healthier food options that are low in fat and calories. This has led to a growing demand for low-fat low-calorie desserts.
Additionally, obesity has become a major health concern globally, which is leading to an increased demand for healthier food options, including low-fat low-calorie desserts. Also, the availability of low-fat and low-calorie ingredients, such as sugar substitutes, fat replacers, and natural sweeteners, has increased. This has enabled manufacturers to develop and produce low-fat and low-calorie desserts. This is a major factor that is projected to augment the market growth in the near future.
Furthermore, manufacturers are continuously innovating and developing new low-fat low-calorie dessert products to cater to the growing demand from health-conscious consumers. Thus, innovation and product development is a major factor that is likely to create lucrative opportunities for market growth. Besides, increasing awareness and marketing efforts to promote the benefits of low-fat and low-calorie desserts are expected to boost the demand for these products.
On the regional end, the Low-fat Low-calorie Desserts market in North America is expected to account for the maximum share during the analysis period. The region has a large and growing health-conscious population that is increasingly looking for healthier food options, including low-fat and low-calorie desserts.
Moreover, the region has a well-established food and beverage industry that is constantly innovating and developing new low-fat and low-calorie dessert products to meet the demand of health-conscious consumers. Additionally, there is a growing prevalence of obesity and related health concerns in the region, which has further fueled the regional market growth.
On the other hand, the Low-fat Low-calorie Desserts Market in Europe is witnessing significant growth in recent years. The major factors that are propelling the regional market growth include the growing awareness about the health risks associated with high-fat and high-calorie diets, as well as the increasing government initiatives that are promoting healthy eating habits and lifestyles.
Recent developments in technology, mergers, acquisitions, and partnerships within the companies involved in the designing of Low-fat Low-calorie Desserts are expected to create lucrative opportunities for market growth over the analysis period.
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According to the latest research by Future Market Insights, the low-fat low-calorie desserts market is set to witness steady growth from 2021 to 2031. As the population discovers more alternatives for healthy desserts that do not compromise taste, the global market for low-fat low-calorie desserts is anticipated to grow at a steady rate.
Increasing innovation and development in low-fat low-calorie desserts is the prime reason for its increasing demand. Earlier, healthier desserts were only considered with ingredients with no sugar, oats, and many more, and thus consumers had to compromise with the taste to achieve a healthy lifestyle.
Manufacturers have been constantly introducing novel low-fat low-calorie desserts such as matcha and kefir ice latte, guilt-free chocolate gelato, raspberry and mango popsicle, and many more exotic fruits to bridge this gap and enhance market penetration. Manufacturers such as Halo Top Creamery, are constantly launching new flavors such as chocolate caramel lava cake, peanut butter chocolate, and many different fruit popsicles.
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Consumers of low-fat low-calorie desserts are particularly health-conscious and chose cautiously from the available wide options on the various sales channel. With an increasing number of market players and competition in the global market, manufacturers are carefully selecting infographics for the packaging. Nutritional profiles, accreditation, or labels acquired by manufacturers are the first features that health-conscious consumer look for.
Packaging is not just the carrier of the product but also carries the aim with which the product was made, and therefore, manufacturers are investing heavily in attaining appropriate and capturing infographics in the packaging.
Health associations such as Ontario Public Health Association are working closely with baking institutions for the development of healthy desserts for consumers and enhancing the overall health index of the country. Such as associations are recommending healthy replacements for fat and calorie such as flax seeds, vegetable oil, low-fat yogurt, exotic fruits, and many more.
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In North America, the highest incidence of obesity and related diseases are recorded, owing to which dietary authorities are encouraging the population for consuming low-fat and low-calorie products.
Fast food outlets and other food service outlet has been serving dessert containing high calorie for over 50 years, and as the consumer base of the USA and Canada are getting aware of the calorie content and facing its side-effect, their inclination towards low-fat low-calorie dessert is visible as consumption of such fast food is gradually decreasing.
Over 48% of the population of Europe have been actively cutting down high calorie and fat-containing dessert from the year 2017. This has led to innovations and development by manufacturers to produce low-fat low-calorie desserts such as natural desserts, frozen yogurt, and many more. Owing to such rising health concerns, the line between dessert and yogurt is blurring out as such products contain lesser fat and meniscal calorie.
Some of the leading manufacturers and suppliers of Low-fat Low-calorie desserts include
Manufacturers are enhancing their presence on online platforms such as Amazon, Walmart, and many more gaining traction with the maximum consumer base. Manufacturers, for instance, Halo Top Creamery are strategizing to enhance their market presence and are emphasizing their nutrition profile in various health magazines like Healthline.
The report is a compilation of first-hand information, qualitative and quantitative assessments by industry analysts, and inputs from industry experts and industry participants across the value chain. The report provides an in-depth analysis of parent market trends, macroeconomic indicators, and governing factors along with market attractiveness as per segments.
The report also maps the qualitative impact of various market factors on market segments and geographies.
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Low-fat Low-calorie Desserts Market
