Albany, NY -- (SBWIRE) -- 12/09/2014 -- The global low-calorie food market will be worth US$ 10,414.7 million by 2019 says a latest study by Transparency Market Research. The research report estimates that the low calorie food market will grow at a 5.9% CAGR from 2013 to 2019. It was valued at US$ 7,418.6 million in 2012. The report titled 'Low-calorie Food Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2013 – 2019' provides market trends and forecasts over a six-year period.

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Obesity, a challenging health problem the world over, is the key factor attributable to the growth of the low-calorie food market. The report delves into the growing number of obese worldwide. The World Health Organization (WHO) estimates that as of 2010, the number of obese children under the age of give stood at 42 million worldwide. The United States suffers from the highest obesity rate, with 36.5% of the total American population being obese. In Europe, the United Kingdom has the highest obesity rate at 24.8%, while in the Asia Pacific region it is Australia that has the highest obesity rate, with 28.3% of its population being overweight.

People suffering from obesity are more susceptible to developing cardiovascular diseases and diabetes earlier in life. Obesity compromises the quality of life not just among adults, but also children. In 2013, the WHO noted that about 347 million people suffered from diabetes globally. Factors such as these have been driving up the demand for low-calorie food in recent years. Other factors that have stoked the demand for low-calorie food are: lifestyle changes, a heightened awareness of health and well-being among consumers, and growing consumer confidence in products that are labeled as 'low-calorie'.

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The report closely studies emerging markets such as China, India and Brazil to tap opportunities and offer recommendations for growth. The study observes that the growing number of diabetics in these countries has fuelled a demand for low-calorie food. Manufacturers of low-calorie food products can harness opportunities presented by low-calorie products such as Splenda tablets, Sugar Free, and Glucerna SR.

The report segments the low-calorie food market based on application as: healthcare, beverages, food, tabletop, and others. The report also analyzes and forecasts the low-calorie food market by products such as: Aspartame, Saccharin, Sucralose, Cyclamate, and Stevia. Aspartame ranks among the most widely-used artificial sweeteners in the food and beverage industry. However, of late, sucralose has emerged as a preferred product and is becoming more popular than aspartame. Stevia, too, has witnessed healthy growth thanks to consumers preferring all-natural products. In its capacity as entirely natural sweetener, stevia has posed stiff competition to conventional high-intensity low-calorie sweeteners such as saccharin, aspartame, and sucralose.

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The study estimates that as of 2013, the global low-calorie food market stood at USD 7,418.6 million. Over the forecast period, sucralose is anticipated to be the fastest-growing segment based on its strong adoption in the food and beverage industry. The report also forecasts that in the beverage sector, the use of low-calorie food products will witness a 5.9% CAGR between 2014 and 2019. The United States is the largest low-calorie food market by region, and is followed only by European countries. However, rapid urbanization and economic prosperity in Asia Pacific will cause this region to register healthy growth over the next five years.

The report profiles leading market players in the low-calorie food market such as: Nestle S.A., The Coca-Cola Company, Groupe Danone, PepsiCo Inc., Ajinomoto Co., Bernard Food Industries, Inc., Cargill, Incorporated, and McNeil Nutritionals, LLC.

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