Press release
Sugar-free Confectionery Market is expected to generate a revenue of US$ 2.3 Bn by 2032 , surging at a CAGR of 5.4%
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The global market for sugar-free candy increased by 4% between 2016 and 2020. Growing demand is a key market driver since more people are becoming obese and diabetic. Confectionery without sugar has a number of nutritional advantages, making it a superior compounded food element. North America and Europe are the two regions that seek sugar-free candy the most. Because there are more health-conscious people in both of these locations, demand is anticipated to increase. In the North American and European markets, the U.S. has an 84.5% market share and the U.K. has a 13.3% market share.
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Competitive Landscape
Key players are inclined toward innovation, development, and expansions to enhance the nutritional benefits of these products. Producers are focused on enhancing their innovation capabilities and quality of product.
In 2019, Chocoladefabriken Lindt & Sprüngli AG invested in production facilities in the U.S. This will help it to the volume growth of products in the long run, and expansion of its logistics network in North America.
August Storck KG delivers quality products for a higher level of customer satisfaction. The brands of the company are designed by keeping customer satisfaction on high priority. The company uses state-of-the-art production equipment, best ingredients, and transparent quality control standards to produce high-quality products.
Category-wise Insights : (Sugar-free Confectionery Market)
Which Type of Sugar-free Confectionery is Most Demanded across Regions?
Based on type such as sugar-free conventional confection and sugar-free chocolate confection, sugar-free chocolate confection is a highly demanded and consumed type of sugar-free confectionery item.
Market value share of sugar free chocolate confections is 62.9%. Demand for sugar-free chocolate confection is high due to growing popularity of healthy diets among consumers.
How are Different Sales Channels Complementing Market Growth?
Sugar-free confectionery items are offered by various channels such as hypermarkets/supermarkets, speciality stores, convenience stores, and online stores.
The hypermarkets/supermarkets segment is valued at over US$ 1 Bn in 2021, with speciality stores showing a significant growth at a CAGR of 5.9%.
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Sugar-free Confectionery Market Industry Research by Category
Sugar-free Confectionery Market By Type:
Sugar-free Conventional Confections
Boiled Hard Candy
Sweets
Chews & Jellies
Others (peppermint patties, marshmallows)
Sugar-free Chocolate Confections
Chocolate Bars
Chocolate Crunch Balls
Chocolate Candy
Caramel-filled Chocolate
Others
Sugar-free Confectionery Market By Sales Channel:
Hypermarkets/Supermarkets
Speciality Stores
Convenience Stores
Online Retail
Companies
Perfetti Van Melle Group B.V.
Chocoladefabriken Lindt & Sprungli AG
Sugarless Confectionery
The Hershey Company
Abdallah Candies Inc.
Nestle S.A
Lily's Sweets LLC
Asher's Chocolate Company
Nova Chocolate
John's Healthy Sweets
See's Candy Shop, Inc.
Continental Candy Industries B.V.
August Storck KG
The Margaret River Chocolate Company
Atkinson's Candy Co.
ChocZero Inc.
La Nouba
Albanese Candy
Artinci
Others (On Additional Request)
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Novel Sweeteners Market : https://www.persistencemarketresearch.com/market-research/novel-sweeteners-market.asp
Sugar Alcohols Market : https://www.persistencemarketresearch.com/market-research/sugar-alcohol-market.asp
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About Food & Beverage Division at Persistence Market Research
The Food & Beverage team at Persistence Market Research provides all the necessary insights and consulting analysis to fulfil the unique business intelligence needs of clients worldwide. With a catalogue of more than 500 reports pertaining to the latest statistics and analysis from the food & beverage industry, the team is happy to help with every business intelligence research and consulting requirement.
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