Low Carbs Vegan Food Market
Low Carbs Vegan Food Market - By Nature, By Product Type, By Packaging , By Distribution Channel & Global Region - Market Size, Trends, Opportunity, Forecast 2021-2026Request Sample Request Discount
The low carbs vegan food market is expected to grow at a moderate CAGR over the forecast period 2021-2026.
Carbohydrates form one of the three macronutrients in human diets alongside protein and fat and are found in foods such as barley, rice, wheat oats, potatoes and others. Carbohydrates are a very important and effective source of energy but when consumed too much, the body starts to store it in the form of fat which can lead to major health problems. People, as a result might want to reduce their carb intake for many direct or indirect health reasons. As such, the trend of healthy low carbs vegan food is on the rise.
Low carb vegan foods generally promote carbs in restricted proportions to as much as 20% of the total calorie intake and contribute to healthy eating habits. They offer more nutritional value, protein, minerals, and healthy fats as compared to the other alternatives available and aid in appetite reduction, better control of diabetes and insulin resistance, blood pressure reduction, decreasing risk of cardiovascular illness, improved general energy levels, enhancement of brain health and in the treatment of various health conditions including certain types of cancer etc.
Some of the low carbs vegan products currently available in the market include: vegetable sticks with avocado dip, nuts, hummus, berries, seeds, juice, vegan yoghurt nut butter, kale chips, low-carb granola bars, non-dried fruits and vegetables, beans, or combinations of these.
The primary factors influencing the growth of the market include: the soaring inclination of people from different regions across the globe towards low carb vegan food products, the growing number of applications of low carbs vegan foos in the manufacturing of various foods and beverages products all across the globe, the bolstering popularity of low-carb diets like the ketogenic diet and Whole30 diets for weight loss, the surging number of consumers shifting to a plant-based diet, the increasing consciousness among consumers regarding their food choices coupled with growing adoption of healthier food containing nutritious and natural ingredients among people and the escalating awareness regarding the benefits associated with low carbs vegan food etc.
Additionally, the manufacturers of low carb vegan foods over the recent years have been constantly channeling their efforts in increasing the transparency of the ingredients present in their products. With the increasing skepticism regarding consumption of food of consumers across the globe, the manufacturers are starting to launch products free from objectionable ingredients like artificial flavors, colours, antibiotics, GMOs, sweeteners, preservatives, and packagings made with BPA (Bisphenol A) and are also starting to highlight these in their marketing campaigns to attract consumer’s attention. This rising demand from the consumers to know about the ingredients and nutrition values of the low carb vegan foods made available by the food companies in the market and the advent of smart and clean labels including a shortlist of ingredients in the packaging of the product by the manufacturers is expected to create tremendous growth opportunities for the growth of the low carbs vegan food market in the next few years to come.
Moreover, the food and beverage market in the last few years has been continuously witnessing proactive focus of the manufacturers on the expansion of their product offerings and in bringing out new, innovative and healthy low carb vegan food products for the consumers without having to compromise the taste, flavor and other nutritional qualities of the food. Along with that, major companies are also investing in and acquiring small plant-based companies and brands to expand their offerings of plant-based products and are attempting to add organic and natural alternatives to their existing product portfolio. All these factors are expected to assist considerably in the expansion of the low carbs vegan food market in the forthcoming years.
Furthermore, other factors such as the increasing adoption of new eating habits by people, the expanding production capacities of companies of low carbs vegan food products, the surgingadoption of flexitarian lifestyle by people across different regions, the reducing consumption of meat and dairy and the burgeoning incidences of major health problems such as obesity, cardiovascular diseases among people all around the globe are further expected to contribute towards the growth of the low carbs vegan food products during the years of forecast.
LOW CARBS VEGAN FOOD MARKET SEGMENTATION:
By Product Type:
- Meat Alternative Snacks
- Cereal/Grain Based Snacks
- Plant-Based Snack Bars
- Fruit And Nut Snacks
By Distribution Channel:
- Convenience Stores
- Specialty Stores
- Small Groceries
- Online Retail
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Geographically, the North American and the European region are the most dominant regional markets for low carbs vegan foods. Factors such as the presence of highly developed nations in the regions, the increasing vegan culture coupled with the growing consciousness among people regarding their food intake in the regions, the high presence of key market players manufacturing low carbs vegan products and increasing incidences of major health problems among people living in the region are expected to propel the growth of the aforementioned regional markets during the next few years.
The Asia Pacific region is the fastest growing regional market for low carbs vegan food products and is further projected to witness massive upscaling in its market size in the upcoming years of also. The growth of the region can be attributed to factors such as the growing millennial and geriatric population in the region who are prone to majority of the health problems, the increasing hectic lifestyles of the people in the region, the rising inclination among people towards the intake of healthier food options in the region and the bolstering presence of well-established market players in the region etc. The major contributors to the region include India and China.
FEW KEY PLAYERS IN LOW CARBS VEGAN FOOD MARKET:
The global low carbs vegan food market is highly fragmented and competitive with the presence of key operating players including:
- Earth’s Own Food Company Inc.
- General Mills Inc.
- The Unilever Group (Growing Roots)
- Archer Daniels Midland
- Amy’s Kitchen
- Plamil Foods
- Other Players
Few of these players from time to time get involved in many different strategic business acquisitions, collaborations and partnerships for the purpose of intensifying their revenue, market share and their geographical footprints across different regions around the globe.
- In May 2021, Maria and Ricardo’s, manufacturer’s of high-quality, wholesome and delicious tortillas announced the launch of Almond Flour KETO Tortillas in support of consumers looking follow a KETO, gluten free or Low Carb diet. The new tortilla line is debuting with three amazing flavors including Flax & Seeds, Sea Salt and the ‘Everything Seasoning’ tortilla. The new Maria and Ricardo’s Almond Flour KETO Tortillas are vegan, grain free, soy free, dairy free, and egg free. They also are KETO and gluten-free certified and contain 4 net carbs and no artificial ingredients.
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