Global Reduced Fat Packaged Food Market, By Product Type (Dairy Products, Bakery Products, Cereals, Meat, Fish and Poultry Products, Confectionary Products), Distribution Channel (Supermarket/Hypermarket, Convenience Store, Specialty Stores, Online Sale, Others), Country (U.S., Canada, Mexico, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Rest of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Market Analysis and Insights: Global Reduced Fat Packaged Food Market
Reduced fat packaged food market size is expected to grow at a compound annual rate of 5.7% in the forecast period 2021 to 2028 and will reach USD 13.08 billion by 2028. The rise in the product acceptance and usage is the factor responsible for the growth of reduced fat packaged food market in the forecast period of 2021 to 2028.
The packaged food generally includes the bakery, dairy products, canned, frozen processed food, ready-to-eat meals, processed meat, diet snacks health products and drinks. Reduced fat packaged foods are the one’s which have low fat content.
The major growing factor towards reduced fat packaged food market is the rise in the trend of ready to eat food products. Furthermore, the rise in the consumer spending along with the rise in the prevalence of obesity and related diseases or disorders forcing people to take low-calorie meals and low-calorie snacks are also expected to heighten the overall demand for reduced fat packaged food market over the forecast period of 2021 to 2028. Moreover, the rise in the disposable income and rise in the demand for organic food products are also expected to serve as foremost drivers for the reduced fat packaged food market at a global level. In addition, the increase in the number of consumers participating in fitness activities and rapid rise in the meat industry across the globe is also lifting the growth of the reduced fat packaged food market.
However, the high cost of the packaged food when compared to the fresh food products and rise in the preferences of fresh food are projected to act as a restraint towards the growth of reduced fat packaged food market, whereas the short shelf life of the product can challenge the growth of the reduced fat packaged food market.
Moreover, the rise in the health-conscious people results to the high spending on organic-certified food and beverage products with low fat which are expected to further generate new opportunities for the reduced fat packaged food market in the forecast period of 2021 to 2028.
This reduced fat packaged food market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on reduced fat packaged food market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Reduced Fat Packaged Food Market Scope and Market Size
Reduced fat packaged food market is segmented on the basis of product type and distribution channel. The growth among segments helps you analyze niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of product type, the reduced fat packaged food market has been segmented into dairy products, bakery products, cereals, meat, fish and poultry products and confectionary products.
The distribution channel segment of the reduced fat packaged food market has been segmented into supermarket/hypermarket, convenience store, specialty stores, online sale and others.
Reduced Fat Packaged Food Market Country Level Analysis
Reduced fat packaged food market is analyses and market size, volume information is provided by country, product type and distribution channel as referenced above.
The countries covered in the reduced fat packaged food market report are U.S., Canada, Mexico in North America, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Brazil, Argentina, Rest of South America as a part of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
North America leads the reduced fat packaged food market due to the increase in the consumption of low fat packaged food and rise in the health concerns. Asia-Pacific is expected to expand at a significant growth rate over the forecast period of 2021 to 2028 due to the rapid urbanization and increase in the acceptance of westernized culture.
The country section of the reduced fat packaged food market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Reduced Fat Packaged Food Market Share Analysis
Reduced fat packaged food market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to reduced fat packaged food market.
The major players covered in the reduced fat packaged food report are General Mills Inc., Kellogg's Company, Mondelez International, Tesco PLC, The Kraft Heinz Company, Nestlé, Cargill, Incorporated, Danone, THE HERSHEY COMPANY, Tyson Foods, Inc., Conagra Brands, Inc., Arla Foods amba, DFM Foods Ltd., and PepsiCo among other domestic and global players. Market share data is available for Global, North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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