Reliable Data You Can Trust
Reliable Data You Can Trust
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 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.
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.
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.
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.
Please Choose One of them.