Global Reduced Fat Packaged Food Market 2018-2022
About Reduced Fat Packaged Food
The global reduced fat packaged food market is a contributing segment of the global better-for-you (BFY) market. The increasing health consciousness among consumers is increasing the demand for reduced fat food products. The demand for reduced fat packaged food products is expected to remain high during the forecast period.
Technavio’s analysts forecast the global reduced fat packaged food market will post a revenue of more than USD 75 billion by 2022.
Covered in this report
The report covers the present scenario and the growth prospects of the global reduced fat packaged food market for 2018-2022. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Reduced Fat Packaged Food Market 2018-2022
Technavio recognizes the following companies as the key players in the global reduced fat packaged food market: Dean Foods, General Mills, Kellogg, Mondelēz International, Tesco, and The Kraft Heinz Company.
Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is increasing demand for organic food products. The preference for organic food is increasing in comparison to inorganic food across the world as these products are free from fertilizers and pesticides. In addition, health conscious people are increasingly spending on organic-certified food and beverage products with low fat.”
According to the report, one driver in the market is increasing health consciousness among consumers. People, especially millennials, are increasingly becoming health conscious due to the growing prevalence of obesity and related diseases or disorders. In addition, they are encouraged to consume low fat diet foods and beverage.
Further, the report states that one challenge in the market is growing demand for fresh food products. fresh foods are not frozen and are preservative-free. The demand for fresh food products is increasing across the globe as consumers have begun to realize the health benefits of fresh food products over packaged ones.
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