According to the latest report by IMARC Group, titled “Sugar-Free Confectionery Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026,” the global sugar-free confectionery market forecast grew at a CAGR of 5% during 2015-2020. Sugar-free confectioneries are prepared by using natural or artificial sugar substitutes, such as stevia, aspartame, saccharin, and sucralose. They also use sugar alcohols, like maltitol, lactitol, xylitol, erythritol, and hydrolysates, that are similar to sugar in terms of texture, taste, and interaction with ingredients. These compounds have fewer calories than white table sugar. In addition to this, they help in improving the glucose tolerance of the body, decreasing inflammation, boosting energy, and promoting weight loss. Some of the common sugar-free confectioneries include diet drinks, frozen desserts, baked goods, and chewing gum.
As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
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Global Sugar-Free Confectionary Market Trends:
The rising prevalence of diabetes, obesity, and other lifestyle diseases has led to the escalating demand for low-calorie confectionery items, which is majorly driving the market growth. In line with this, the increasing awareness regarding the non-cariogenic properties of sugar-free confectioneries has led to a significant rise in product sales across the globe. Additionally, the inflating disposable incomes have enabled consumers to afford luxurious and premium products, such as dark chocolate, which is acting as a growth-inducing factor. Other than this, the introduction of clean-label and organic product variants in innovative flavors is also fueling the market growth. Moreover, continuous research and development (R&D) activities to improve the functionality and health benefits of sugar-free items are further creating a positive outlook for the market. Looking forward, the market is expected to exhibit moderate growth during 2021-2026.
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Competitive Landscape with Key players:
The report has also analysed the competitive landscape of the market with some of the key players being.
- Abdallah Candies Inc.
- Asher’s Chocolate Co.
- Diabetic Candy.com LLC
- Ferrero SpA
- Lily’s Sweets LLC
- Nestlé S.A.
- ROY Chocolatier
- Russell Stover Chocolates LLC
- See’s Candy Shops Inc.
- Sugarless Confectionery
- The Hershey Company
- The Kraft Heinz Company
Sugar-Free Confectionery Market Segmentation:
Our report has categorized the market based on region, product and distribution channel.
Market Breakup by Product:
- Sweet and Candy Confectionery
- Chocolate Confectionery
Market Breakup by Distribution Channel:
- Supermarkets Hypermarkets
- Convenience and Drug Stores
- Online and D2C
Market Breakup by Region:
- North America (United States, Canada)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
Key highlights of the report:
- Market Performance (2015-2020)
- Market Outlook (2021-2026)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
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