Low Calorie Candy Market Technological Breakthroughs, Industry Trends, Value Chain And Stakeholder Analysis By 2027

Low Calorie Candy Market Technological Breakthroughs, Industry Trends, Value Chain And Stakeholder Analysis By 2027

A candy, also called sweets or lollies, is a delicacy that contains sugar as the main ingredient. The category, called sugar confectionery, includes any delicious taste, including chocolate, chewing gum and sugar candy. Vegetables, fruits, or nuts that are polished and coated with sugar are said to be made. Physically, sweetness is characterized by the use of a significant amount of sugar instead of sugar. However, candies with low calories, sugar, and fat are the clear winners when it comes to healthy sweets.

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Drivers:

Rise in the geriatric population around the globe is expected to propel growth of the global low calorie candy market. For instance, according to the World Health Organization, during 2015 and 2050, the proportion of the world's population aged 60 years and above will nearly double from 12% to 22%. Moreover, in 2050, 80% of geriatric population will be living in low- and middle-income countries. Thus, growing geriatric population around the globe is expected to drive the growth of global low calorie candy market.

Furthermore, emerging regions such as China and India have a high number of diabetes patients, which is creating a huge demand for low-calorie food. For instance, low-calorie food products such as Glucerna SR, Sugar-Free, and Splenda tablets are high in demand among diabetic patients. Furthermore, Asian countries are experiencing rapid urbanization and increasing disposable income of the consumer is expected to stimulate growth of global low-calorie candy market during the forecast period.

Restraints:

The cost of purchasing cocoa beans is high, and this will restrain the market from growing. An increase in raw material prices will foster the rise in production cost, and this will, in turn, increase the price of low-calorie candies, consumers will have to find an alternative, are expected to hinder growth of the global low calorie candy market.

Regional insights:

North America is the is expected to witness significant growth in the global low calorie candy market due to increasing demand for low-calorie chocolate products. According to the report gathered from the United States Economic Census Data, around 13% of cocoas annual production is used to produce US chocolate candy.

Asia Pacific is expected to grow significantly in the global low calorie candy market due to the rise in demand for low-calorie products and increasing disposable income. Other regions such as Middle East, Africa and Europe will register a moderate growth of the global low-calorie candy market over the forecast period.

Competition Category:

Some of the key players of the global low calorie candy market such as Ricola, Hershey, Nestle, Mars, Jelly Belly, Lotte, Kraft Food, Warrell Corporation, SmartSweets, Outdoor Sweets, UDe Bron, Host, Reesco (Reese, Lindt & Co).

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KEY DEVELOPMENT:

In February 2021, The Hershey Co. launched the Whozeewhatzit Bar, Hershey’s Whatchamacallit brand’s first new bar.

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