Sugar-Free Confectionery Market Outlook, Share, Growth, Trends, Demand, Revenue, Report 2023-2028

Sugar-free confectioneries are prepared by using natural or artificial sugar substitutes, such as stevia, aspartame, saccharin, and sucralose.

BROOKLYN, NY, UNITED STATES, December 4, 2023 /EINPresswire.com/ -- According to IMARC Group latest report titled “Sugar-Free Confectionery Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028”, offers a comprehensive analysis of the industry, which comprises insights on sugar-free confectionery market. The report also includes competitor and regional analysis, and contemporary advancements in the global market.

The global sugar-free confectionery market size reached US$ 2.1 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 2.8 Billion by 2028, exhibiting a growth rate (CAGR) of 4.5% during 2023-2028.

Sugar-free confectionery refers to sweets and treats made without the inclusion of traditional sugar. These products cater to health-conscious consumers and those with dietary restrictions, like diabetes. Typically, these confectioneries use alternative sweeteners such as stevia, xylitol, or erythritol, which provide the sweetness without the high caloric content of sugar. The defining characteristic of sugar-free confectionery is its ability to offer a similar taste and texture experience as regular confectionery, making them a favorable choice for those seeking healthier alternatives. The working mechanism involves careful formulation to balance sweetness while maintaining the desired mouthfeel and texture. These products have gained popularity due to their lower impact on blood sugar levels, making them a safer option for diabetics and those monitoring their sugar intake. Another advantage is their role in dental health, as sugar-free confectioneries are less likely to contribute to tooth decay.

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Market Trends:

The global market is primarily driven by the increasing health consciousness among consumers globally. In this context, the rising prevalence of diabetes and obesity is prompting individuals to opt for healthier snack alternatives, thus fueling the demand for sugar-free confectioneries. Additionally, advancements in food technology are enabling manufacturers to produce sugar-free confectioneries that closely mimic the taste and texture of traditional sweets, thereby attracting a broader consumer base. Furthermore, there is a growing trend towards natural and organic ingredients, which is leading to the development of sugar-free confectioneries made with natural sweeteners. This shift is also supported by the increasing awareness about the adverse effects of excessive sugar consumption on overall health. Moreover, the sugar-free confectionery market is benefiting from the expanding distribution channels, particularly online platforms, which offer a wide range of products to a global audience.

The influence of social media and digital marketing in promoting sugar-free options is also a key factor driving market growth. The market is further supported by the changing consumer lifestyles, with a greater emphasis on healthy living. Alongside, government initiatives to reduce sugar consumption and promote healthier eating habits are positively impacting the market. The growing availability of a diverse range of sugar-free confectionery products, from chocolates to gums and candies, is catering to varied consumer preferences, thus propelling the market. Additionally, the increasing disposable income allows consumers to spend more on premium, health-oriented confectionery options. Furthermore, the market is bolstered by ongoing research and development activities aimed at enhancing the quality and flavor of sugar-free confectioneries, making them more appealing to health-conscious consumers.

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Competitive Landscape:

The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.

• 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.

Breakup by Product:

• Sweet and Candy Confectionery
• Chocolate Confectionery
• Others

The report has provided a detailed breakup and analysis of the market based on the product. This includes sweet and candy confectionery, chocolate confectionery, and others. According to the report, chocolate confectionery represented the largest segment.

Breakup by Distribution Channel:

• Supermarkets Hypermarkets
• Convenience and Drug Stores
• Online and D2C
• Others

A detailed breakup and analysis of the market based on the distribution channel has also been provided in the report. This includes supermarkets and hypermarkets, convenience and drug stores, online and D2C, and others. According to the report, supermarkets and hypermarkets accounted for the largest market share.

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)

North America exhibits a clear dominance, accounting for the largest sugar-free confectionery market share

Key highlights of the report:

• Market Performance (2017-2022)
• Market Outlook (2023-2028)
• Porter’s Five Forces Analysis
• Market Drivers and Success Factors
• SWOT Analysis
• Value Chain
• Comprehensive Mapping of the Competitive Landscape

About Us

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

Elena Anderson
IMARC Group
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