Low Carbs Vegan Food Market: Global Size, Share, Trends, Growth and Forecast 2022-2032
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- Status : Upcoming
- Published on: July 2022
- Report ID: KDMI-7060
- Available Format: PDF/Excel/DOC
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Low Carbs Vegan Food Market: Overview and Definition
The global low carbs vegan food market size is projected to grow at a CAGR of 6.9% during the forecast period 2022-2032. 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.
Low Carbs Vegan Food Market: Key Drivers
There are several drivers that are driving the growth of the low-carb vegan food market:
Health and Wellness Trends: The increasing focus on health and wellness is driving demand for low-carb vegan foods, as more people look for healthier dietary options that support their fitness goals and overall well-being.
Rise in Veganism: The rise in veganism is also fueling demand for low-carb vegan foods, as more people seek plant-based dietary options that align with their ethical and environmental values.
Awareness of the Benefits of Low-Carb Diets: There is growing awareness of the health benefits of low-carb diets, including improved weight management, better blood sugar control, and reduced risk of heart disease. This has led to an increase in demand for low-carb vegan foods.
Convenience: Many consumers are looking for convenient, healthy food options that fit their busy lifestyles. Low-carb vegan foods, such as ready-to-eat meals and snacks, are becoming increasingly popular as they offer a quick and easy way to meet nutritional needs without sacrificing taste or quality.
Growing Demand for Sustainable Foods: There is a growing interest in sustainable and environmentally friendly foods, which is driving demand for plant-based diets, including low-carb vegan options.
Innovation in the Food Industry: The food industry is continually innovating to meet the changing needs and preferences of consumers, and this is driving the development of new and improved low-carb vegan food products.
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 surging adoption 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: Challenges
Despite the growth of the low-carb vegan food market, there are several challenges that companies face in this industry:
Limited Awareness and Understanding of Low-Carb Vegan Diets: Many consumers are still not familiar with low-carb vegan diets, and there is limited awareness and understanding of the benefits of this way of eating. This can make it difficult for companies to market their low-carb vegan products effectively.
High Cost: The production of low-carb vegan food products can be more expensive than traditional food products, as it requires the use of high-quality ingredients and specialized production processes. This can make it difficult for companies to offer affordable prices and compete with traditional food products.
Limited Availability: Low-carb vegan food products are still not widely available in many areas, and consumers may have difficulty finding these products in their local stores. This can limit the growth of the low-carb vegan food market.
Competition from Traditional Food Products: The low-carb vegan food market faces competition from traditional food products, which are often more familiar to consumers and widely available.
Lack of Standardization: There is a lack of standardization in the low-carb vegan food market, and different companies use different definitions of what constitutes a low-carb vegan diet. This can lead to confusion and make it difficult for consumers to make informed choices.
Lack of Consumer Education: Many consumers are not fully educated on the benefits and drawbacks of low-carb vegan diets, and they may not understand the impact that these diets can have on their health.
Low Carbs Vegan Food Market: Report Scope
Base Year Market Size
Forecast Year Market Size
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
Low Carbs Vegan Food Market: Regional Synopsis
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.
Low Carbs Vegan Food Market: Recent Developments
There have been several recent developments in the low-carb vegan food market
Increased Investment in R&D: Companies in the low-carb vegan food market are investing more in research and development to create innovative products that meet the needs and preferences of consumers. This includes the development of new plant-based protein sources, low-carb snacks, and fortified low-carb vegan foods.
Expansion of Product Lines: Companies are expanding their product lines to offer a wider range of low-carb vegan food options, including ready-to-eat meals, snacks, and supplements.
Partnership and Collaboration: Companies in the low-carb vegan food market are partnering and collaborating with other companies and organizations to bring new and improved products to the market.
Expansion into Online Retail: Many companies in the low-carb vegan food market are expanding their presence in online retail, as more consumers turn to online shopping to purchase healthy and sustainable food products.
Increased Marketing and Advertising: Companies are increasing their marketing and advertising efforts to raise awareness of their low-carb vegan food products and reach new consumers.
Low Carbs Vegan Food Market: Key Players
- General Mills Inc.
- The Unilever Group (Growing Roots)
- Archer Daniels Midland
- Amy’s Kitchen
- Earth’s Own Food Company Inc.
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