Low Calorie Dip Market Size, Share & Trends: Projected to Reach $424.6 Million by 2031 with a CAGR of 5.5%

WILMINGTON, NEW CASTLE, DELAWARE 19801 USA, UNITED STATES, April 23, 2024 /EINPresswire.com/ -- According to a new report published by Allied Market Research, titled, “Low Calorie Dip Market," Low Calorie Dip Market Size was valued at $252.9 million in 2021, and is estimated to reach $424.6 million by 2031, growing at a CAGR of 5.5% from 2022 to 2031.

𝐀𝐜𝐜𝐞𝐬𝐬 𝐒𝐚𝐦𝐩𝐥𝐞 𝐂𝐨𝐩𝐲: https://www.alliedmarketresearch.com/request-sample/16969

According to the International Diabetes Federation, diabetes is a chronic condition that develops when the pancreas is unable to create enough insulin or when the body is unable to effectively use the insulin that is produced. Additionally, the federation's top worry is the rise in the number of people with diabetes around the world. In 2020, 1 in 11 adults aged 20 to 79 had been diagnosed with the disease, or nearly 463 million adults. Up to 700 million people worldwide are predicted to have diabetes by the year 2045. Chronic diseases deteriorate as a result of high sugar intake. As a result, a variety of alternatives have gained popularity in the Dip Market, which fosters the low calorie dip market growth.

The market for chilled dips is being boosted by urbanization and the rise in employment rate. The World Bank estimates that 54.8% of the population of the world is currently employed, which is boosts the market expansion since as employment increases and people lead busier lives, there will be a greater need for convenience food. In addition, consumers are embracing fast-paced, sedentary lifestyle changes, which has resulted in a decrease or elimination of home cooking as a household activity. Consumers have been able to convert to convenience food, in order to save time and effort, which drive the market expansion.

There are many low calorie dip alternatives on the market in the present, including homemade dip, sauce, ketchup, and other spreads. These market-available alternatives to low calorie dip provide benefits that are similar and are offered at affordable pricing. As a result, customers can easily move to these available alternatives; subsequently, the previously mentioned fact poses a potential threat of replacement for the Low Calorie Dip Market, which is anticipated to restrain market expansion.

𝐈𝐧𝐪𝐮𝐢𝐫𝐞 𝐁𝐞𝐟𝐨𝐫𝐞 𝐏𝐮𝐫𝐜𝐡𝐚𝐬𝐞: https://www.alliedmarketresearch.com/purchase-enquiry/16969

E-commerce or online store is a huge platform growing at a tremendous rate globally. Consumers of every age, including generation X, millennials, and generation Z prefer to shop from e-stores. This is attributed to the fact that online shopping is more convenient than shopping at physical stores, due to the rise in several retailers focusing on e-commerce, thus making it convenient for consumers.

Furthermore, an increase in penetration of the internet and a rise in the percentage of the population inclining toward online shopping are expected to provide potential Low Calorie Dip Market Opportunities manufacturers to sell their existing as well as novel low calorie dip products through online platforms making them easily available for consumers and increase in consumer awareness about their products.

There has been a significant movement in consumer preferences toward veganism, as seen by the 500% rise in veganism observed during the 2020 Veganary Challenge compared to 2014. In the U.S., 6% of people identified themselves as vegans, up from 1% in 2014. In addition, there were 25% more participants in challenge of vegunary in 2021 with over 500,000 signing up compared to the challenge in 2020. There were only 400,000 participants in 2020. This demonstrates the growth in Low Calorie Dip Market Trends among consumers for vegan or plant-based goods, which is anticipated to continue.

𝗚𝗲𝘁 𝗥𝗲𝗽𝗼𝗿𝘁 𝗖𝘂𝘀𝘁𝗼𝗺𝗶𝘇𝗲𝗱: https://www.alliedmarketresearch.com/request-for-customization/16969

The demand for low-calorie dip is expected to increase in the future as more individuals strive to consume plant-based protein. In addition, non-vegetarian consumers are gradually cutting down the consumption of food such as beef, pork, poultry, and others, and are significantly accepting vegetarian lifestyle. This shift is observed due to consumer preference for healthy diet. Their high consumption can be risky as meat & meat products often contain harmful pesticides and chemicals.

For this reason, consumers are in search for other protein alternatives. An increase in awareness among consumers about the living condition of cattle in cattle farms has further changed preference of non-vegetarians to vegetarian food, which is propelling the Low Calorie Dip Market Growth.

The low calorie dip market is segmented on the basis of form, type, end user, distribution channel, and region. On the basis of type, it is classic, garlic, onion, cheese, and others. On the basis of form, the Low Calorie Dip Industry is segmented into organic and conventional. On the basis of end user, it is segmented into food service and residential. On the basis of distribution channel, it is divided into hypermarkets/supermarkets, specialty stores, e-commerce, and business to business. On the basis of region, it is studied across North America (the U.S., Canada, and Mexico), Europe (the UK, Germany, France, Italy, Spain, Russia, Sweden, the Netherlands, Denmark, Poland, and Rest of Europe), Asia-Pacific (China, India, Japan, Australia, South Korea, Thailand, Singapore, Indonesia, New Zealand, and Rest of Asia-Pacific), and LAMEA (Brazil, Argentina, South Africa, the Middle East, Saudi Arabia, Egypt, Nigeria, and Rest of LAMEA).

The players operating in the global low-calorie dips market have adopted various developmental strategies including but not limited to product launches, geographical expansion, and acquisitions to increase their Low Calorie Dip Market Share, gain profitability, and remain competitive in the market. The key players included in the Low Calorie Dip Market Analysis are - Kite Hill, Earthy Bliss, Focus Brands LLC, The Honest Stand, Pepsico, Inc., Strauss Group inc., Good Karma Foods, Rigoni Di Asiago S.R.L, General Mills, Inc., Good Foods Group, GreenSpace Brands, Winegreens world, Nestle S.A., and PANOS brands.

𝗠𝗮𝗸𝗲 𝗮 𝗗𝗶𝗿𝗲𝗰𝘁 𝗣𝘂𝗿𝗰𝗵𝗮𝘀𝗲: https://www.alliedmarketresearch.com/checkout-final/c29adbd258bb90f2b92e9ff77ea67e1e

𝗞𝗲𝘆 𝗳𝗶𝗻𝗱𝗶𝗻𝗴𝘀 𝗼𝗳 𝘁𝗵𝗲 𝘀𝘁𝘂𝗱𝘆

➤On the basis of form, the conventional segment is dominant around the globe as the production and availability are higher for this segment. However, the organic segment is expected to be the fastest-growing segment during the Low-Calorie Dip Market Forecast period.

➤On the basis of end users, the food service segment dominated the Low Calorie Dip Market in 2021, with a CAGR of 5.2%.

➤On the basis of type, the classic dip segment dominated the global Low-Calorie Dip industry in the year 2021 and is likely to remain dominant during the forecast period with a CAGR of 6.2%.

➤On the basis of distribution channel, the business-to-business segment held the maximum market share of the global Low Calorie Dip Market in 2021, with a CAGR of 5.1%. However, E-commerce is expected to be the fastest-growing segment during the forecast period.

➤On the basis of region, North America dominated the Low Calorie Dip Market in 2021, and with a CAGR of 4.6%.

𝑩𝒓𝒐𝒘𝒔𝒆 𝑴𝒐𝒓𝒆 𝑺𝒊𝒎𝒊𝒍𝒂𝒓 𝑹𝒆𝒑𝒐𝒓𝒕𝒔:

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𝐀𝐛𝐨𝐮𝐭 𝐔𝐬

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

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