Keep this addon updated by supporting it on Superhive! Thank you.

https://superhivemarket.com/products/simply-loopy

About

Subdivision surface modelling is a fun and efficient way to create objects with nice topology, but adds a lot of unnecessary edge-loops, generating high-poly meshes. This Blender addon simplifies a mesh using its edge-loops, while keeping important details intact!

After installing this addon, you will find the Simply Loopy operator living happily inside the Edit Mode -> Mesh menu. Or search for the operator Simply Loopy.

Enjoy! : )