Sugar-free Confectionery Market

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Sugar-free Confectionery Market (Product - Chocolates, Chewing Gums, Candies, Biscuits/cookies, and Cakes & pastries; Sweeteners - Reduced-calorie Bulk Sweeteners, Natural High Potency Sweeteners, and High Potency Artificial Sweeteners; Distribution Channel - General Stores, Supermarkets/hypermarkets, Drug Stores, and Online): Global Industry Analysis, Trends, Size, Share and Forecasts to 2026

  • Published : April, 2021

  • Rep Id : FB0287

  • Category : Food & Beverages

  • Status : Published

A recent report published by Infinium Global Research on the sugar-free confectionery market provides in-depth analysis of segments and sub-segments in the global as well as regional sugar-free confectionery market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional sugar-free confectionery market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast, and dollar values of the global sugar-free confectionery market. According to the report, the global sugar-free confectionery market is projected to grow at a CAGR of 5.81% over the forecast period of 2020-2026.

 

sugar-free confectionery market


Market Insight

Sugar-free confectionery products are alternatives to traditional confectionery products. Traditional confectionery products contain a high percentage of sugar, carbohydrates, and calories that lead to health issues including obesity, diabetes, dental problems, and others. Sugar-free confectionery products offer an alternative to people who want to avoid sugar. The ingredients that go into the making of these products are mainly artificial sweeteners, sugar alcohols, and sugar additives such as Aspartame, Isomalt, Lactitol, Maltitol, Sorbitol, Sucrose, and others which offer near or equal sweetness as sugar. They have low calories as compared to traditional confectionery products. The easy availability of these products to the consumers through huge supply networks and distribution channels like supermarkets, hypermarkets, general, and drug stores is what makes them very popular.

 

COVID-19 pandemic has affected nearly every market and sector in the world especially the food production and processing industry. The sugar-free confectionery market also faced significant effects of coronavirus pandemic. People are paying a great deal of attention to the food they consume as a result they are enacting new food habits this shift in consumers' eating habits is proving beneficial for the market. People are adapting and using innovative methods of shopping in order to avoid physical contact. The online delivery system, e-commerce platforms guarantee them contactless buying and delivery by remaining in the safe surroundings of their homes. The effects of the corona are expected to be short-lived in the market. The prevalence of diabetes and the threat of obesity among people can lead to several other diseases. Growing health consciousness among the youth and other age groups is compelling them to switch to sugar-free confectionery products. Thus, this increased demand is driving the market primarily. The high cost of these products in comparison to traditional confectionery is restraining the market. The advent of e-commerce platforms has improved the reach of the producers to the end consumers, thus overpassing the complex distribution networks. This provides a whole new of possibilities to the producers. The growing awareness among the people regarding the ingredients of the products provides a huge opportunity for producers to introduce new ingredients that have several health benefits.

 

North America was the largest revenue-generating region geographically as large groups of people are putting emphasis on being healthy. The rising awareness regarding the adverse effects of sugar on health is fueling the demand for sugar-free Confectionary products Europe was the second-largest revenue-generating region. Asia-Pacific region shows a lot of opportunities for growth as countries like India with a population of over 1.3 billion. The number of diabetic patients and people facing obesity problems is on a constant rise. According to International Diabetes Federation data, there were 88 million diabetic patients in Southeast Asia of which 77 million were from India in 2020 According to NCBI data more than 135 million people in India were affected by obesity problems.

 

Segment Covered

The report on global sugar-free confectionery market covers segments such as product, sweeteners, and distribution channel. On the basis of product, the sub-markets include chocolates, chewing gums, candies, biscuits/cookies, and cakes & pastries. On the basis of sweeteners, the sub-markets include reduced-calorie bulk sweeteners, natural high potency sweeteners, and high potency artificial sweeteners. On the basis of distribution channel, the sub-markets include general stores, supermarkets/hypermarkets, drug stores, and online.

 

Companies Profiled:

The report provides profiles of the companies in the market such as LILY'S Sweets, Asher’s Chocolate Co., ROY Chocolatier, The Hershey Company, Mars Incorporated, Nestlé SA, Mondelez International, Kellogg Co., Chocoladefabriken Lindt & Sprungli AG, and Meiji Co.

 

Report Highlights:

The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of the sugar-free confectionery market. Moreover, the study highlights current market trends and provides forecast from 2020-2026. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.


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