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Sugar-free Products Market Worth $65.31 Billion by 2029

10-20-2023 12:44 PM CET | Advertising, Media Consulting, Marketing Research

Press release from: Meticulous Research®

Meticulous Research®-a leading global market research company, published a research report titled Sugar-free Products Market by Type (Beverages, Food Products, Tabletop, Others); Sweetening Type (Sugar Substitute-sweetened Sugar-free Products, Naturally Sweetened ); Distribution Channel (Supermarkets & Hypermarkets, Others) - Global Forecasts to 2029.'

According to this latest publication from Meticulous Research®, the sugar-free products market is expected to reach $65.31 billion by 2029, at a CAGR of 6.2% from 2022 to 2029. The growth of this market is driven by the rising incidence rate of diabetes, the rising demand for low-calorie foods, and sugar taxes imposed on sugary drinks. However, the higher prices of sugar-free products restrain the growth of this market.

Download Free Sample Report Now: https://www.meticulousresearch.com/download-sample-report/cp_id=5335

The sugar-free products market is segmented based on type (sugar-free beverages, sugar-free food products [sugar-free bakery products, sugar-free dairy products, sugar-free confectionery {gums & mints, chocolate, and sweets & candies}, and other sugar-free food products], sugar-free nutrition & health supplements, table-top sweeteners, and other sugar-free products); sweetening type (sugar substitute-sweetened sugar-free products [polyols, stevia, sucralose, acesulfame potassium {ace-k}, luo han guo {monk fruit} extract, saccharin, neotame, aspartame, other sugar substitutes], naturally sweetened sugar-free products); distribution channel (supermarkets/hypermarkets, specialty stores, convenience stores, online retail, other distribution channels); and geography. The study also evaluates industry competitors and analyzes the market at the regional and country levels.

Based on type, the sugar-free food products segment is expected to register the highest CAGR during the forecast period of 2022-2029. The rapid growth of this segment is driven by the increasing consumer preference for healthy food, changing food consumption patterns, and extensive use of sugar substitutes in different foods, including baked goods, confectionery, and snacks.

Based on sweetening type, in 2022, the sugar substitute-sweetened sugar-free products segment is expected to account for the largest share of the sugar-free products market. Sugar substitute-sweetened sugar-free products have low caloric value and help reduce sugar intake without compromising taste. These benefits of sugar substitute-sweetened sugar-free products are attributed to the growth of this segment in the sugar-free products market.

To gain more insights into the market with a detailed table of content and figures, click here: https://www.meticulousresearch.com/product/sugar-free-products-market-5335

Based on distribution channel, in 2022, the supermarkets & hypermarkets segment is expected to account for the largest share of the sugar-free products market. The large market share of this segment is attributed to increasing urbanization, rising per capita disposable incomes, consumers' increasing adoption of healthy eating habits, and rapid growth in the urban population.

Based on geography, in 2022, North America is expected to hold the major share of the sugar-free products market. This market's large share is attributed to the increasing number of obese and diabetic population, growing health and wellness concerns, a well-established food and beverage industry, and strong demand for sugar-free products. Additionally, the presence of prominent players offering sugar-free products across different sectors further supports the growth of the market in the region.

However, Asia-Pacific is slated to register the highest CAGR during the forecast period. The high market growth in Asia-Pacific is driven by the changing lifestyles, the emerging trend of healthy food & food ingredients, rising awareness about the health benefits of sugar-free products, rapid urbanization, and a growing diabetic and obese population. Also, the government taxes imposed on sugar-sweetened products further support the growth of the sugar-free products market in the region.

The sugar-free products market is characterized by a moderately competitive scenario due to many large and small-sized global, regional, and local players. The key players operating in the sugar-free products market are The Hershey Company (U.S.), PepsiCo, Inc. (U.S.), The Coca-Cola Company (U.S.), Nestlé S.A. (Switzerland), Mars, Incorporated (U.S.), The Kraft Heinz Company (U.S.), Mondelēz International, Inc. (U.S.), LINDT & SPRUNGLI AG (Switzerland), GLANBIA PLC (Ireland), Galletas Gullón S.A. (Spain), and Zydus Wellness Ltd. (India).

Quick Buy - Sugar-free Products Market- Global Opportunity Analysis and Industry Forecast (2022-2029), Research Report: https://www.meticulousresearch.com/Checkout/56280895

Key Questions Answered in the Report:

What is the current value of revenue generated by the sugar-free products market?
At what rate is the demand for sugar-free products projected to grow for the next 5-7 years?
What is the historical market size and growth rate for the sugar-free products market?
What are the major factors impacting the growth of this market at the global and regional levels? What are the major opportunities for existing players and new entrants in the market?
What are the impacts of the COVID-19 pandemic on the sugar-free products market?
Which segments in terms of type, sweetening type, and distribution channel are expected to create major traction for the manufacturers in this market?
What are the key geographical trends in this market? Which regions/countries are expected to offer significant growth opportunities for the manufacturers operating in the sugar-free products market?
Who are the major players in the sugar-free products market? What are their product offerings in this market?
What are the recent strategic developments in the sugar-free products market? What are the impacts of these strategic developments on the market?

Related Reports:

High-intensity Sweeteners Market by Product (Sucralose, Stevia, Aspartame, Acesulfame-K, Saccharin, Neotame, Others), Source (Artificial, Natural), Form (Solid, Liquid), Application (Beverages, Food, Pharmaceuticals, Others)-Global Forecast to 2029

https://www.meticulousresearch.com/product/high-intensity-sweeteners-market-5262

Sugar Substitutes Market by Source (Natural, Artificial), Type (High Intensity, HFCS), Product (Sucralose, Stevia, Aspartame, Saccharin, Polyols), Form, Application (Beverages, Food, Pharmaceuticals, Other Applications) - Global Forecasts to 2028

https://www.meticulousresearch.com/product/sugar-substitutes-market-5174

Stevia Market by Type (Extract [Powder, Liquid], Leaves); Nature (Conventional, Organic); Components (Reb A, Reb M, Reb D, and Others); Application (Beverages, Food, Pharmaceuticals, and Other Applications); and Geography - Global Forecasts to 2028

https://www.meticulousresearch.com/product/stevia-market-5205

Polyol Sweeteners Market Size by Type (Sorbitol, Xylitol, Erythritol, Lactitol, Mannitol, Maltitol, Isomalt, Hydrogenated Starch Hydrolysate, and Others), Form (Solid and Liquid), Application (Food & Beverages, Pharmaceuticals, Nutraceuticals, Cosmetics & Personal Care, and Others) - Global Forecasts to 2022

https://www.meticulousresearch.com/product/polyol-sweeteners-market-forecast-2022-2997

Contact:
Mr. Khushal Bombe
Meticulous Market Research Inc.
1267 Willis St, Ste 200 Redding,
California, 96001, U.S.
USA: +1-646-781-8004
Europe : +44-203-868-8738
APAC: +91 744-7780008
Email- sales@meticulousresearch.com
Visit Our Website: https://www.meticulousresearch.com/
Connect with us on LinkedIn- https://www.linkedin.com/company/meticulous-research

We are the trusted research partners for leading businesses around the world, providing market intelligence focused towards building revenue transformation strategies. Our research is used by Fortune 500 organizations to attain success by scouting next generation revenue opportunities well ahead of their competition.

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