Low Calorie Dip: Market Outlook
Low calorie dip act as a flavoring agent to enhance the taste of particular food product. Low calorie dip are made by fermenting sour cream, softened cheese, and/or mayonnaise with herbs and spices added and without preservatives, artificial flavors and colors. Low calorie dip manufacturers also claims kosher-certified dip to guarantee transparency in tracing and comfort ethical disquiets.
Additionally, the demand for dips is extremely high as they act as a crucial element in regional as well as international cuisines. As customers continue to seek for acceptable indulgences, dip manufacturers have stepped up to fill the void by experimenting with inclusions and flavors. They are specially formulated to guarantee consumer adherence and have enhanced stability avoiding color oxidation.
Moreover, there is an increasing demand for low calorie dip as it is widely produced by food manufacturers as an ingredient owing to high preference from both kids and adult consumers. To sustain the position in market, companies are manufacturing high-quality low calorie dip with endless product development possibilities.
For instance- Nestle India in 2019, launched low calorie MAGGI Dip and Spread that contains less than 3% fat. Increasing cognizance of organic plant-based foods such as dips and vegan spreads amongst the customers is driving the progress of the global market.
Growing Application in Low Calorie Dip Segment to Bolster the Market’s Growth Trajectory
The market is attributed to the widespread application of plant-based alternatives for producing low calorie dip. The factors facilitating the growth of the market is the consumer’s inclination towards gluten-free diets and plant-based alternatives.
On the basis of product type, classic dip has high dominance in the low calorie dip market. Veggie flavoured low calorie veggie types available in market includes onions, chilies, beans, corn, and various spices. For the production of low calorie dip, veggie preparations are added to the milk products, with naturally acquired pectin’s as thickening agents for improving appearance and texture.
Texture differences and flavor combinations play a crucial role in the growth of the low calorie dip market. The increasing demand for new flavors and unique twists on old favorites are the primary reasons for the escalating demand for low calorie dip market.
Producers utilize attractive packaging techniques mentioning clean labels and the product being non-GMO and Kosher certified that help potential customers to understand if the product is right for them or not.
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Increasing Vegan and Flexitarian Population demanding Organic food is Bolstering Low Calorie Dip Market
The unprecedented shift from rural to urban living is a major population change impacting global consumption habits. On the other hand, growing middle class consumers with rising income, are creating their own ripple in consumption trends by encouraging premiumization.
Moreover, there is an increasing demand especially from developing countries such as India and China for high quality packaged food that includes organic and locally produced products. Packed food and beverage market observed a shift in pattern, from developed regions to developing ones.
With increasing disposable incomes and ever-changing consumer preferences turn leading manufacturers these untapped markets where favorable factors are at play which in turn is escalating the low calorie dip market.
Economists are naming 2019 as the vegan year, as a rapid expansion of the vegan food market occurred thanks to the growing awareness about and demand for vegan products. But veganism is just one pillar of the growing market, along with flexitarianism.
Traditional meat eaters are now transitioning to flexitarian lifestyles, intending to cut down on the consumption of meat or animal-based products as much as possible and replace them with plant-based products. This trend has further accelerated in recent months, as the outbreak of COVID-19 has disrupted the meat industry.
Organic food has gained a large consumer base in the last decade and has developed rapidly in developed countries. Consumption of organic products is expected to rise steadily in developing countries in the coming years, with further export opportunities. With increasing awareness, the consumer base is shifting towards organic and non-GMO products as they believe that food should be natural.
The rapidly emerging organic food products market is driven not just by healthy eating beliefs, but also by the increasing acceptance of the opinion that producing organic foods is kinder to the planet and is responsible for escalating the market growth.
Global Low Calorie Dip: Key Players
Some of the key players manufacturing Low calorie dip are as follows
- Kite Hill
- WayFare Health Foods (US)
- The Honest Stand (US)
- Good Foods Group LLC (US)
- Galaxy Nutritional Foods Inc.
- Sabra Dipping Company LLC (US)
- The J.M. Smucker Company
- Rigoni di Asiago USA
- Santa Cruz Natural Incorporated
- Really Good
- Small Planet Foods Inc.
- Crofters Food Ltd.
- Hero AG
- Clearspring Ltd.
- WALDEN FARMS INC.
- LLC Frito-Lay North America Inc (US)
- Good Karma Foods (US)
- Strauss Group
- Wingreen Farms.
- The company kite hill in 2019 launched its dairy free, low calorie dip Ranch which is a vegan, gluten free and contains no added preservatives.
- The company Good Foods Group, LLC in 2019 launched a plant based buffalo style dip which is made with sweet red onions and a hint of cilantro and is a low calorie, dairy free and gluten free dip.
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Opportunities for Global Low Calorie Dip Market Participants:
The market for low calorie dip is expected to witness strong growth rate during the forecast period fueled by investments done by market players for promotional activities, advertising campaigns, and social media marketing.
In the view of booming global demand for low calorie products, there seems to be an abundant opportunity for demand-determined development in global low calorie dip market. Meanwhile, better access to information, coupled with growing literacy rates, is leading to a better informed population.
Consumers are actively researching nutrition, and making more informed food choices about what they eat. Across groceries, clothes, food and more, customers are keenly looking for ethically-conscious and sustainable products, and selecting brands that support social issues which resonate with customers beliefs.
In terms of volume, North America accounts for the dominating share in the global low calorie dip market in 2020. The region is likely to experience the significant growth in the next few years. Thus, it is anticipated to maintain its dominance during the forecast period.
Asia Pacific is predicted to offer significant growth for low calorie dip during the forecast period. Increasing trend of “non-GMO” and gluten free supplements from the food industry is projected to drive the demand for low calorie dip market in these regions.
The Low calorie dip market report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions.
By doing so, the research report serves as a repository of analysis and information for every facet of the Low calorie dip market, including but not limited to: regional markets, nature, product type, flavor, packaging, distribution channel.
The Report Covers Exhaustive Analysis on:
- Low calorie dip market segment
- Low calorie dip market dynamics
- Low calorie dip market size
- Low calorie dip supply and demand
- Current trends/issues/challenges pertaining to Low calorie dip market
- Competition landscape and emerging market participants in Low calorie dip market
- Technology related to production/processing of Low calorie dip
- Value chain analysis of the Low calorie dip market
An Adaptive Approach to Modern-day Research Needs
Regional Analysis Includes:
- North America (U.S., Canada)
- Latin America (Mexico, Brazil, Rest of Latin America)
- Europe (Germany, U.K., France, Italy, Spain, BENELUX, Poland, Russia, Nordic, Rest of Europe)
- East Asia (China, Japan, South Korea)
- South Asia (India, Thailand, Malaysia, Vietnam, Indonesia)
- Oceania (Australia, New Zealand)
- Middle East & Africa (GCC Countries, South Africa, Rest of MEA)
The Low calorie dip market report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases).
The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.
A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the Low calorie dip market report projects the attractiveness of each major segment over the forecast period.
Highlights of the Low Calorie Dip Market Report:
- A complete backdrop analysis, which includes an assessment of the parent market
- Important changes in market dynamics
- Market segmentation up to the second or third level
- Historical, current, and projected size of the market from the standpoint of both value and volume
- Reporting and evaluation of recent industry developments
- Market shares and strategies of key players
- Emerging niche segments and regional markets
- An objective assessment of the trajectory of the Low calorie dip market
- Recommendations to companies for strengthening their foothold in the Low calorie dip market
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Global Low Calorie Dip: Market Segmentation
On the basis of nature, Low calorie dip market can be segmented as
On the basis of product type, Low calorie dip market can be segmented as
- Classic dip
- Garlic Parmesan dip
- Onion dip
- Blue cheese dip
On the basis of flavor, Low calorie dip market can be segmented as
- French Onion
On the basis of packaging, Low calorie dip market can be segmented as
- Paper Bags
- Bottles and Jars
- Stand-up Pouches
On the basis of distribution channel, Low calorie dip market can be segmented as-
- Direct Sales
- Modern Trade
- Convenience Stores
- Departmental Store
- Specialty Store
- Online Retailers
- Other Sales Channels
NOTE: All statements of fact, opinion, or analysis expressed in reports are those of the respective analysts. They do not necessarily reflect formal positions or views of FACT.MR.
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