Sugar-free confectionery market size is projected to reach USD million by 2029, growing at a CAGR of 5.1% during the forecast period (2022-2029).
Sugar-free confectionery products use artificial or natural sweeteners as a sugar substitute in the preparation of sweets and chocolates. These sweeteners are required in a smaller quantity compared to white table sugar for providing a sweet taste with reduced calories, carbohydrates, and glycemic response.
North-America is the dominating region during the forecast period. The region with the fastest rate of growth in the Asia Pacific, is anticipated to increase at a CAGR of % over the course of the projection period. The World Health Organization reported that in August 2017, there was a sharp rise in type 2 diabetes cases. In the region, there are 96 million people with diabetes, 90% of them have type 2, which can be avoided by consuming less sugar. As a result, the market for sugar-free candy is predicted to grow significantly in the area.
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Sugar consumption has been shown to have negative health impacts. Blood glucose levels are known to drop when sugar is consumed, which can cause irritability, exhaustion, and headaches. It even makes cravings and false hunger symptoms worse. A significant amount of sugar consumed over an extended period of time increases the risk of diabetes, heart disease, and obesity.
Supermarkets and hypermarkets accounted for the largest share of more in 2021. This is explained by the convenience these channels give their customers in terms of buying. Customers can find all the products they need at these big-box stores. The biggest chains include Super Kmart, Fred Meyer, Walmart Supercenter, and Meijer.
Some of the prominent players in the sugar-free confectionery market include Abdallah Candies Inc.,Asher’s Chocolate Co. ,Diabetic Candy.com, LLC ,Dr. John’s Healthy Sweets LLC ,LILY’S SWEETS ,ROY Chocolatierand Russell Stover Chocolates.
Detailed Segmentation Analysis:
By Product Type:
- Sweet & Candy Confectionery
- Chocolate Confectionery
- Others
By Distribution Channel:
- Supermarkets and Hypermarkets
- Convenience Stores
- Online Sales
- Others
Geographical Classification:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
- Rest of the world
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Key Companies:
- Abdallah Candies Inc
- Asher’s Chocolate Co. ,
- Diabetic Candy.com, LLC
- Dr. John’s Healthy Sweets LLC
- LILY’S SWEETS
- ROY Chocolatier and Russell Stover Chocolates
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