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 overview. 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 refers to sweets and desserts that have low or no sugar content. It involves the usage of natural or artificial sweeteners as a sugar substitute that is required in fewer quantities compared to white table sugar for providing a sweet taste with minimized carbohydrates, calories, and glycaemic response. It provides vitamins, proteins, fiber, antioxidants, and other mood-enhancing nutrients to the body, resulting in feeling energized throughout the day, improving mood, inner peace, and happiness, and increasing serotonin levels. Currently, sugar-free confectionery products are gaining prominence among individuals with diabetes as their consumption does not elevate the blood sugar level. Some of the popularly available sugar-free confectionaries include gum, candies, chocolates, and baked goods.
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Market Trends:
The increasing health consciousness among consumers is driving the global market. Coupled with the rising prevalence of obesity and diabetes among individuals is further catalyzing the demand across the globe. In line with this, numerous major companies are introducing new products using innovative flavors and healthy ingredients, which are gaining prominence among the masses. Moreover, the growing awareness among consumers regarding the availability of alternative sweeteners that reduce the risk of decay and erosion of teeth is further strengthening the demand. Other factors, such as the growing focus on maintaining oral health, constant improvements in organized distribution channels and emerging e-commerce sectors, the advent of home delivery models, continuous technological advancements, and inflating disposable income levels of the masses, are favorably impacting the market.
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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.
Sugar-Free Confectionery Market Segmentation:
Our report has categorized the market based on region, product and distribution channel.
Breakup by Product:
Breakup by Distribution Channel:
Breakup by Region:
Key highlights of the report:
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