According to IMARC Group latest report titled “Sugar-Free Confectionery Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027”, offers a comprehensive analysis of the industry, which comprises insights on sugar-free confectionery market report. The report also includes competitor and regional analysis, and contemporary advancements in the global market. The global sugar-free confectionery market size reached US$ 2.0 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 2.8 Billion by 2027, exhibiting a growth rate (CAGR) of 5.33% during 2022-2027.
Sugar-free confectionery is prepared by using artificial sweeteners or sugar substitutes, such as saccharin, aspartame, sucralose, acesulfame, and neotame. With the growing health consciousness, individuals are getting inclined toward consuming sugar-free confectioneries instead of sugar alternatives that include boiled hard candy, sweets, gummies, chews, jellies, peppermint patties, marshmallows, chocolate bars, chocolate crunch balls, chocolate candy, caramel-filled chocolate, and others.
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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.
Market Trends:
The global market is majorly driven by the increasing prevalence of obesity and diabetes. In line with this, the rising health awareness among consumers is significantly contributing to the market across the globe. Furthermore, numerous players are introducing sugar-free confectionery products with nutritional benefits to capture their share in the market. Apart from this, the incorporation of sugar alcohol as a healthy ingredient for manufacturing confectionery products is positively influencing the market. Besides this, the widespread awareness regarding the adverse effects caused by the consumption of sugar-based confectionaries is creating a positive outlook for the market.
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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
- Others
Market Breakup by Distribution Channel:
- Supermarkets Hypermarkets
- Convenience and Drug Stores
- Online and D2C
- Others
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 (2016-2021)
- Market Outlook (2022-2027)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
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