The Global Sugar-Free Confectionery Market size was USD 2.16 Billion in 2021 and is expected to register a revenue CAGR of 5.3% over the forecast period, according to the latest report by Reports and Data. Market revenue growth is expected to be driven by rising need for alleviating mood as it works as anti-depressants. Sugar-free confectionery provide vitamins, proteins, fiber, antioxidants, and other mood-enhancing nutrients to the body. This results in feeling energized throughout the day and improving mood. According to a study, sugar-free confectionery consumption results in inner peace, happiness, and increases serotonin levels. Sugar-free chocolates are known to be antidepressants. The serotonin levels that are increased by these chocolates help reduce depression and anxiety. According to research, the consumption of these chocolates on a daily basis reduced depression symptoms by 70%. Also, sugar-free options are widely adopted to eliminate sugar cravings and maintain a healthy blood sugar level. It does not only mean indulging in sugar-free chocolate but also eating the right portions at the right time. These factors are expected to boost the revenue growth of the market.
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The Sugar-Free Confectionery market investigation report assesses the global market for the Sugar-Free Confectionery industry and provides revenue and capability forecasts for the projected period of 2022-2030. The factors that drive the industry's growth are highlighted in the report. The report divides the Sugar-Free Confectionery market into main categories such as forms, applications, end-users, technology, and others for a better understanding. These segments are thoroughly examined in order to provide a more accurate outlook for the global and regional markets. The report also examines the industry's major players, including their product portfolios, company overviews, strategic growth strategies, revenue generation, market share and size, geographic presence, and development and manufacturing capabilities.
Some of the Leading Market Players Are Listed Below:
- The Hershey Company,
- Abdallah Candies, Inc.,
- Nestlé,
- Ferrara Candy Company,
- Asher’s Chocolate Co.,
- Mondelēz International,
- Chocoladefabriken Lindt & Sprüngli AG,
- John's Healthy Sweets, LLC,
- Others
Market Overview:
All enterprises involved in the processing, packaging, and distribution of raw food materials fall within the food and beverage sector. Fresh and packaged meals, as well as alcoholic and nonalcoholic beverages, are all included. Apart from drugs, this industry touches every product designed for human consumption.
As a result of the current economic depression caused by the Covid-19 outbreak, consumers are seeking to save as much money as possible. Consumers are doing so in a variety of ways, including buying more generic things and cooking their own meals instead of going out. As a result, food processing companies are getting more creative in order to reduce the cost of goods sold, attract more customers, and increase profit margins.
Obesity has a tremendous impact on the global food and beverage industry. The desire for healthful foods has grown, as has the demand for more detailed nutritional information. Companies have responded by launching lower-calorie foods and tightening control over how their brand is viewed in response to both of these changes. Companies want to be viewed as a healthy brand, thus they support activities that indicate this, such as youth sports. There has even been talk of levying a tax on foods linked to obesity to deter people from eating them.
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Some Key Highlights From the Report
- Chocolate confectionery segment is expected to register a rapid revenue growth rate during the forecast period owing to increasing need for low-calorie chocolates among diabetic population. Sugar-free chocolate confectionery is a better choice for maintaining blood sugar levels. Sugar-free candies satisfy the sweet tooth without raising the blood sugar levels. Growing number of people are consuming chocolate confectionery owing to its positive effects on mood and ability to make them feel less sluggish. In addition, sugar-free chocolate is also preferred by consumers to maintain their weight, lower cholesterol levels, and maintain heart health.
- Natural high potency sweeteners segment is expected to register a steady revenue growth rate during the forecast period owing to an increase in demand among diabetes patients due to the absence of carbohydrates. Natural high-potency sweeteners are popular among customers as they are calorie-free or low in calories, which helps people for weightloss. They are beneficial for people who want to lose weight and lower their blood pressure because sweeteners replace sugar in the food, giving it a sugar-like sweetness without the calorific value of sugar.
- Supermarkets/hypermarkets segment is expected to account for the largest revenue share over the forecast period owing to instant availability of a wide variety of products and waiting time reduction, which lead to enhanced consumer satisfaction. Customers increasingly rely on supermarkets to see and purchase desired products faster. The advice of a professional is another important reason to make purchases at a physical store. Also, in-store shopping has easy and simple return procedures as compared to complex online returns.
Market Segmentation:
By Product Type Outlook
- Sweet & Candy Confectionery
- Chocolate Confectionery
- Others
By Sweeteners Outlook
- Reduced-calorie Bulk Sweeteners
- Natural High Potency Sweeteners
- High Potency Artificial Sweeteners
By Distribution Channel Outlook
- Supermarkets/Hypermarkets
- General Stores
- Pharmacies
- Online Platform
- Others
The report is written with the aid of industry analysts, market segmentation, and data collection in order to assist readers in making profitable business decisions. The report includes a comprehensive database of technical and product advances. It also provides information on growth rates and market value, as well as a thorough examination of niche market segments. The report provides strategic advice to newcomers and existing businesses about how to make profitable and well-informed business decisions.
The Sugar-Free Confectionery market has been segmented into key regions of the world and offers an analysis of growth rate, market share, current and emerging trends, production and consumption ratio, industrial chain analysis, demand and supply, import and export, revenue contribution, and presence of key players in each region. A country-wise analysis of the market is offered in the report to gain a better understanding of the regional spread and progress of the Sugar-Free Confectionery market.
The global Sugar-Free Confectionery market is segmented into:
- North America (U.S.A., Canada, Mexico)
- Europe (Italy, U.K., Germany, France, Rest of Europe)
- Asia Pacific (China, India, Japan, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
- Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
Key Questions Addressed in the Report:
- What are the dominating factors that are influencing the growth of the industry?
- In the forecast period, which market segment is expected to rise the most?
- What are the risks and challenges that the industry is facing?
- In the coming years, which area is projected to dominate the market?
- Who are the major players in the market? What kind of strategic business plans have they made?
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