Global Sugar-Free Food and Beverages To Remain Most Valuable Product Segment Through 2021

Summary

Orbis Research Present's Global Sugar-Free Food and Beverages Market to grow at a CAGR of 10.16% during the period 2017-2021 Trends and Forecasts.

Description

Trending Research Report – Global Sugar-Free Foods Market 2017-2021
The Following Companies as the Key Players in the Global Sugar-Free Foods Market: Hershey, Kellogg, Mars, Nestlé, and Unilever.
Other Prominent Vendors in the market are: Coca-Cola, Kraft Heinz, and PepsiCo.

Commenting on the report, “One trend in market is increasing offerings from private labels. The global sugar-free food and beverages market is highly fragmented owing to the presence of a large number of major and small players. The prevailing competition in the market is further intensifying with the increasing popularity of private label brands, which are now competing with leading global brands. In some regions, such as North America, many private label sugar-free food manufacturers market and sell their products by claiming the same formulations as branded products, thereby undercutting the branded label retail prices and reducing the market share of major brands. Private label products are offered at a lower price than nationally branded products. For instance, Walmart Great Value's sugar-free oatmeal cookies are priced at $2 while the same product offered by Archway Cookies is priced at $3.”

According to the report, one driver in market is shift toward healthy snacks and beverages. Consumers across the world are moving toward healthier diets and lifestyles. Most consumers now check the ingredients label before purchasing any food or beverage product. Specifically, consumers are becoming conscious about the amount of sugar intake and try to restrict it to the permissible levels. This preference for healthier alternatives has been fueling the global sugar-free food and beverage market. Higher disposable income has further contributed to this, as consumers now can afford to spend more on expensive sugar substitutes. New and existing vendors have started offering a wide choice of products and value-added offerings to cater to this growing demand.

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Further, the report states that one challenge in market is lower acceptance due to ambiguity on safety profile of artificial sweeteners. Studies conducted by different institutions highlight the adverse health effects of conventional sweeteners. Artificial sweeteners have been known to cause health-related problems. The risk of metabolic syndromes was compared in two groups of people — one group comprised people who consumed sugar-sweetened beverages and the other comprised people who consumed artificially sweetened beverages. Results suggested that the risk was similar for both groups. Women who consumed more than two sugar-sweetened or artificially sweetened beverages a day were found to have a significantly greater risk for coronary heart disease. Similar results emerged from other studies conducted to measure the elevated risk for hypertension and vascular conditions. Due to the adverse health effects, many limit their consumption of sweeteners. Artificial sweeteners are used in diabetic food to lower the calorie content. Thus, the adverse health effects of sweeteners will affect the global diabetic food market as well.

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The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.

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This release was published on openPR.