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Persistence Market Research
Global Low-Calorie Food Market : Growing Prevalence of Diabetes and Obesity to Increase Valuation of Market to US$10,414.7 Million by 2019 - Persistence Market Research
Persistence Market Research Released New Market Report “Global Market Study on Low-calorie Food: Stevia to Witness Highest Growth by 2019,” the global Low-calorie food market was valued at USD 7,418.6 million in 2013 and is expected to grow at a CAGR of 5.9% from 2014 to 2019, to reach an estimated value of USD 10,414.7 million in 2019.
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Low-calorie food segment is the major growing segment of the global health food market. Growing health concerns and changing consumer lifestyle favoring low-calorie foods are the major driving factors for this industry. Other major reasons include increasing diabetes concern and rising obesity levels. In recent times, obesity has become one of the most challenging health problems in the world. According to the WHO, the number of overweight children under the age of five in 2010 was around 42 million, globally. Obese people are more likely to develop diseases such as diabetes and cardiovascular diseases at a young age. High obesity rate among children is a major concern for parents, which compels them to keep their children away from high calorie food and opt for low-calorie food. People have started consuming low-calorie products as precautionary measures to avoid obesity and diabetes, which can further lead to more fatal conditions.
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Low-calorie food products are available in almost all general food segments such as dairy products, baked products, confectionery, and dietary beverages. One of the major growth challenges for the industry includes artificial sweeteners, which are sometimes perceived to be cancer supportive. Such claims create confusion in the...