Low Calorie Peanut Sauce Market
Low Calorie Peanut Sauce Market Share & Trends Analysis By Nature (Organic, Conventional), By Product Type (Crunchy, Smooth), By Packaging (Bottles, Jars, Stand-Up Pouches), By Sales Channel (B2B, B2C) - Global Insights 2021 To 2031
Low Calorie Peanut Sauce: Market Outlook
Low calorie peanut sauce goes well with grilled chicken, satay or tofu and a variety of other Asian-inspired dishes, it is a popular condiment, especially for Thai dishes. Low calorie peanut sauce is enriched with proteins, carbohydrate and is low in calorie compared to the regular peanut sauce which contains around 260 calories per 100 g serving and isn't the healthiest option because it's high in calories and fat grammes.
Low-calorie peanut sauce has proven to be a healthier option and is gaining high popularity in the market.
The rising tourism development of South-East Asia is an integral part of contemporary consumer culture which indeed is helping the low calorie peanut sauce market to grow. Additionally, the upsurge in the health conscious population, specifically millennials and Genz, is driving the demand for low calorie peanut sauce.
Customers changing tastes has fueled a surge in demand for low-calorie peanut sauce that is both healthy and filling. Low-calorie peanut sauce promotes a healthy eating habit and provides additional nutrition.
Leading manufacturers of low calorie peanut sauce are introducing various products consisting of high nutritional content, low fat and low calorie to provide consumers healthier as well as tastier condiment options.
The growing trend for healthy condiments is increasing global demand for low calorie peanut sauce and is expected to remain significant during the forecast period.
Growing market appeal of nutrients rich condiments is prominent factors driving the global growth in demand for low calorie peanut sauce market. With the help of e-retailers, low calorie peanut sauce is becoming increasingly popular among customers around the world.
As a result, the majority of low calorie peanut sauce manufacturers are focusing their product offerings on an online platform, which further helps in the growth of low calorie peanut sauce brands.
Moreover, key players offering authentic and customized ingredient most preferred by the consumers is increasing consumer spending on authentic ingredients and driving demand for low-calorie peanut sauce globally during the valuation period.
Low Calorie Peanut Sauce Witness a Lucrative Demand from the Snacks and Salad Market
Consumer attitudes towards fresh-cut salads, healthy snacks, and preference exploration for weight loss maintenance and a healthy lifestyle are two prominent factors driving the global demand for low calorie peanut sauce.
Dressing of snacks, salad, grilled and roasted chicken, tofu with low calorie peanut sauce is in high demand with the rising number of restaurants and cafes.
Low calorie peanut sauce manufacturers are focusing on expanding their product portfolios while existing manufacturers are focusing on acquisitions and mergers to extend their regional presence over the forecasted period.
For instance – In 2020, McCormick a global leader in flavour, signed a definitive agreement to purchase the parent company of Cholula Hot Sauce®, a premium hot sauce brand that delivers authentic Mexican flavour.
Primary ingredients like lemongrass, soybean oil, olive oil, coconut, toasted sesame, savoury green onions corn starch, and other main ingredients are being closely monitored by brands to make low-calorie peanut sauce better.
As a result, keeping an eye on different primary ingredients and launching products with high nutritional content is helping the low calorie peanut sauce market expand exponentially.
Furthermore, today's customers are more attentive to food labelling, and the effects of the use of preservatives and pesticides are well-known among consumers, resulting in better market prospects for low-calorie peanut sauce.
As a result of the current pandemic, people have become more nutrition and health conscious and have been forced to make healthier choices.
People, however, are unwilling to change their taste preferences, as a result, they are constantly looking for healthier options that have the same genuine flavour, which indeed is creating an opportunity for the low calorie peanut sauce market.
Organic, Gluten Free, Vegan Products Attractive as Ever
To uphold good living standards, consumers are focusing on the introduction of healthy eating practices. Claims like organic, gluten free, vegan are helping in attracting customers towards any products. As a result, the majority of prominent manufacturers are concentrating on claims to catch the attention of consumers.
Customer awareness of the benefits of eating low calorie products has fueled demand for low calorie peanut sauce, thanks to the growing trend of multiple claims movement. As a result, increased demand for low-calorie peanut sauce is expected to grow over the forecast period.
Rising awareness of the health benefits of low-calorie products with various claims, as well as increasing health problems like obesity, cholesterol, diabetes, gallstones, and other heart diseases caused by the consumption of high-calorie products, is expected to drive the market for low calorie peanut sauce during the forecast period.
Meanwhile increased health knowledge and demand for healthy food products are also vital prospects for predicting the rise of low calories in peanut sauce in the coming years.
Environmentally Friendly and Ethical Products are in High Demand.
In marketing, social media, and television, the term "eco-friendly" has become a buzzword. Customers appreciate the goods with green leaves printed on them, as well as the minimalistic designs and soft colours that give the impression that no chemicals were used in the manufacturing process.
Not just the product but the packaging also matter as ecofriendly packaging is a worldwide trend.
Consumer decisions now reflect health and cost-effective preferences, in addition to social and moral values. As individual consumption has been linked to some environmental issues over the last few decades, environmental awareness has risen dramatically.
As increasing public understanding of topics such as energy efficiency and organic farming is in the mainframe manufacturers are constantly introducing ethical and environmentally friendly goods which indeed is rising the demand for low-calorie peanut sauce in the market.
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Global Low calorie peanut Sauce Snack Market: Key Players
The manufacturers operating global low calorie peanut sauce market include
- Taste of Thai
- Hormel Foods
- McCormick & Company Inc.
- Sun Luck
- CJ Foods
- Royal Pacific Foods
- Thai Culinary Arts Studio LLC
- Monstra LLC
- Annie Chun's
- Por Kwan
Low Calorie Peanut Sauce Market: Regional Analysis
In the global economy, Asia Pacific accounted for prominent share. While Countries that account for the significant consumption of low calorie peanut sauce are Thailand, Indonesia, Singapore, Philippians, Vietnam and many more. The United Kingdom, the USA, Italy, Mexico has a potential market for low calorie peanut sauce.
The market is propelled by a marketing campaign, and consumers are increasingly attracted to appealing packaging and flavours. Furthermore, the strong presence of key businesses in this region would have a positive impact on the growth of low-calorie peanut sauce.
The low calorie peanut sauce 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 peanut sauce market, including but not limited to: Regional markets, nature, product type, packaging, and sales channel.
An Adaptive Approach to Modern-day Research Needs
The Study is a Source Of Reliable Data On:
- Low calorie peanut sauce market segments and sub-segments
- Market trends and dynamics
- Supply and demand
- Market size
- Current trends/opportunities/challenges
- Competitive landscape
- Technological breakthroughs
- Value chain and stakeholder analysis
The Regional Analysis Covers:
- North America (U.S. and Canada)
- Latin America (Mexico, Brazil, Peru, Chile, and others)
- Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
- Eastern Europe (Poland and Russia)
- Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
- The Middle East and Africa (GCC, Southern Africa, and North Africa)
The low calorie peanut sauce 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 peanut sauce market report projects the attractiveness of each major segment over the forecast period.
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Highlights of the Low Calorie Peanut Sauce 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 peanut sauce market
- Recommendations to companies for strengthening their foothold in the low calorie peanut sauce market
Global low calorie peanut sauce snack: Market Segmentation
Based on nature, low calorie peanut sauce market can be segmented as-
Based on product type, low calorie peanut sauce market can be segmented as-
Based on Packaging, low calorie peanut sauce market can be segmented as-
- Stand-Up Pouches
Based on the sales channel, low calorie peanut sauce market can be segmented as
- B2B (Direct Sales)
- B2C (Indirect Sales)
- Store-based Retailing
- Convenience Stores
- Speciality Stores
- Other Retailing Formats
- Online Retailing
- Store-based Retailing
NOTE - Although care has been taken to maintain the highest levels of accuracy in Fact.MR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.