Sugar-Free Confectionery Market: Global Industry Analysis and Forecast (2024-2030)
Sugar-Free Confectionery Market size was valued at USD 2.31 Bn. in 2023 and the Sugar-Free Confectionery revenue is expected to grow at a CAGR of 4.9 % from 2024 to 2030, reaching nearly USD 3.23 Bn. by 2030.
Format : PDF | Report ID : SMR_1979
Sugar-Free Confectionery Market Overview:
Sugar-free confectionery is characterized as those sweets and candies that are made without typical sugars. It encompasses chocolate, jellies, chewing gum, hard candies, marshmallows, mints, and traditional specialities different cultures. Artificial sweeteners like aspartame, sorbitol, maltitol, xylitol, saccharin, and stevia are used in the preparation of sugar free confectioneries. The sugar-free confectionery finds applications with diabetic-friendly products, weight management snacks, dental care products, nutritional supplements, fitness diets, school nutrition programs, aircraft snacks, and hospitality delights. They reduce calorie intake, regulate blood sugar levels, help in weight loss, promote oral health, and satisfy dietary restrictions.
Continuous technological breakthroughs have succeeded in developing sugar alternatives that closely replicate the taste and texture of normal sugar, which is driving markets growth. In addition, comprehensive marketing and promotional activities on the part of the manufacturer like advertisement on televisions, social media campaigns, and influencer marketing help in enhancing brand visibility and generating knowledge about their product offerings. Also, the growth of online and offline retail channels, such as supermarkets, specialty stores, and online platforms, has made sugar-free confectionery items more easily available, which boost the demand.
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Sugar-Free Confectionery Market Dynamics:
Rising Concerns About Health and Growing Diabetic Population.
Increased consumer attention to the health impacts of consuming high sugar content such as diabetes, obesity, and dental problems is driving consumers to seek out alternative sugar-free options. Increased proportions of consumers are embracing healthier lives, which encourages consumers to choose sugar-free products that align with their dietary goals and health preferences. An increased prevalence of pre-diabetes and diabetes incidence worldwide is a major factor fuelling the growth in the market of sugar-free confectionery. Diabetic patients and the ones who are at risk are actively seeking sugar-free solutions to manage diabetes. Diabetes patients have to keep control of the sugar level in their blood, and sugar-free candy is a fun and healthy alternative to traditional candies. All these factors together are driving the market of Sugar free Confectionery.
Consumer Perception and Acceptance is the Major Challenge for the Industry.
The doubt and concerns of consumers, regarding the health and safety implications of artificial sweeteners such as sucralose and aspartame, are bound to limit the acceptance of the consumers. Even customers who prefer products that are perceived as more natural, still resist natural sweeteners such as stevia. Additionally, these natural sweeteners are relatively more expensive than artificial sweeteners. The taste and texture of traditional sweet confections are hard to mimic. Since alternative sweeteners substitute sugar, sugar-free products often taste different, which is less appealing for some consumers. Many sugar substitutes, especially artificial sweeteners, are followed by an unpleasant aftertaste that prevent customers from choosing products without added sugar. Al these factors impact negatively on the sugar free confectionery market.
Sugar-Free Confectionery Market Segment Analysis:
By Product Type, Sugar-Free Confectionery Market is divided into Chocolate Confectionery, Candy Confectionery, and Others. Chocolate confectionery sector dominated the segment. These products contain maltitol as a sweetener which is considered safe for diabetic people. Dark chocolate is the most preferred product in the segment, as it has greater amount of cocoa and lesser amount of sweetener and milk. There is a wide range of sugar free chocolates available in the market including, dark, milk, and white chocolate along with different flavours. The variety in the segment caters to the diverse consumers, which is fuelling the growth of the segment in the market.
Sugar-Free Confectionery Market Regional Insight:
In 2023, North America dominated the Sugar Free Confectionery market. The growing awareness of the detrimental effects of sugar consumption in the region is boosting up the demand of sugar free confectionery. Sugar is widely recognized as the culprit in the increasing obesity epidemic, which is attracting consumers towards sugar free options in the market. In addition, the high rates of diabetes, obesity, and heart-related diseases in the region necessitate dietary changes, including substitutions for sugar. Apart from this, another element driving growth of sugar free confectionery market is the implementation of policies and guidelines by local governments that encourage better eating and impose taxes on sugar-filled goods. That is why the population in the region is inclining towards the sugar free products, which is propelling the growth of sugar free confectionery market in the region.
Sugar-Free Confectionery Market Competitive Landscape:
- May 2023, British sweet manufacturer Swizzels expanded its popular range of Minions products with the addition of a Sherbet Dip. This Minions Sherbet Dip comprises three new flavours: Fizzy Orange, Sour Apple and Tangy Berry, and a classic Swizzelstick for dipping.
- In October 2022, Asher’s Chocolate Co., a leading manufacturer of sugar-free chocolates, introduced two new flavours, namely Dark Chocolate Ginger Snaps and Dark Chocolate Peanut Butter Mini Grahams, to its FreshPacks line-up.
Sugar-Free Confectionery Market Scope:
Sugar-Free Confectionery Market |
|
Market Size in 2023 |
USD 2.31 Bn. |
Market Size in 2030 |
USD 3.23 Bn. |
CAGR (2024-2030) |
4.9 % |
Historic Data |
2018-2022 |
Base Year |
2023 |
Forecast Period |
2024-2030 |
Segments |
By Product Type Chocolate Confectionery Candy Confectionery Others |
By Distribution Channel Supermarkets and Hypermarkets Convenience and Drug Stores Online Platforms Others |
|
|
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Regional Scope |
North America- United States, Canada, and Mexico Europe – UK, France, Germany, Italy, Spain, Sweden, Russia, and Rest of Europe Asia Pacific – China, India, Japan, South Korea, Australia, ASEAN, Rest of APAC Middle East and Africa - South Africa, GCC, Egypt, Rest of the Middle East and Africa South America – Brazil, Argentina, Rest of South America |
Sugar-Free Confectionery Market Key Players:
- Abdallah Candies Inc.
- Asher’s Chocolate Co.
- Ferrero
- Diabetic Candy.com, LLC.
- Lily's Sweets LLC
- Nestlé
- ROY chocolatier
- Russell Stover Chocolates, LLC
- See's Candy Shops, Inc.
- Sugarless Confectionery
- THE HERSHEY COMPANY
- The Kraft Heinz Company
- Natra
- Zaini
- Coracao
- The Functional Chocolate Company
- Dr. John's Healthy Sweets
- Amajoya
- SmartSweets
- Max Sweets
- Zeta Espacial
Frequently Asked Questions
Consumer perception and acceptance is the challenge in the Sugar-Free Confectionery Market.
The Market size was valued at USD 2.31 Billion in 2023 and the total Market revenue is expected to grow at a CAGR of 4.9 % from 2024 to 2030, reaching nearly USD 3.23 Billion.
The segments covered in the market report are by Product Type, and Distribution Channel.
1. Research Methodology
1.1 Research Data
1.1.1. Primary Data
1.1.2. Secondary Data
1.2. Market Size Estimation
1.2.1. Bottom-Up Approach
1.2.2. Top-Down Approach
1.3. Market Breakdown and Data Triangulation
1.4. Research Assumption
2. Sugar-Free Confectionery Market: Executive Summary
2.1. Market Overview
2.2. Market Size (2023) and Forecast (2024 – 2030) and Y-O-Y%
2.3. Market Size (USD) and Market Share (%) – By Segments and Regions
3. Global Sugar-Free Confectionery Market: Competitive Landscape
3.1. SMR Competition Matrix
3.2. Key Players Benchmarking
3.2.1. Company Name
3.2.2. Headquarter
3.2.3. Product Segment
3.2.4. End-user Segment
3.2.5. Y-O-Y%
3.2.6. Revenue (2023)
3.2.7. Profit Margin
3.2.8. Market Share
3.2.9. Company Locations
3.3. Market Structure
3.3.1. Market Leaders
3.3.2. Market Followers
3.3.3. Emerging Players
3.4. Consolidation of the Market
3.4.1. Strategic Initiatives and Developments
3.4.2. Mergers and Acquisitions
3.4.3. Collaborations and Partnerships
3.4.4. Product Launches and Innovations
4. Sugar-Free Confectionery Market: Dynamics
4.1. Sugar-Free Confectionery Market Trends by Region
4.1.1. North America
4.1.2. Europe
4.1.3. Asia Pacific
4.1.4. Middle East and Africa
4.1.5. South America
4.2. Sugar-Free Confectionery Market Drivers
4.3. Sugar-Free Confectionery Market Restraints
4.4. Sugar-Free Confectionery Market Opportunities
4.5. Sugar-Free Confectionery Market Challenges
4.6. PORTER’s Five Forces Analysis
4.6.1. Intensity of the Rivalry
4.6.2. Threat of New Entrants
4.6.3. Bargaining Power of Suppliers
4.6.4. Bargaining Power of Buyers
4.6.5. Threat of Substitutes
4.7. PESTLE Analysis
4.7.1. Political Factors
4.7.2. Economic Factors
4.7.3. Social Factors
4.7.4. Technological Factor
4.7.5. Legal Factors
4.7.6. Environmental Factors
4.8. Technological Roadmap
4.9. Value Chain Analysis
4.10. Regulatory Landscape
4.10.1. Market Regulation by Region
4.10.1.1. North America
4.10.1.2. Europe
4.10.1.3. Asia Pacific
4.10.1.4. Middle East and Africa
4.10.1.5. South America
4.10.2. Government Schemes and Initiatives
5. Sugar-Free Confectionery Market: Global Market Size and Forecast by Segmentation (by Value in USD Million) (2023-2030)
5.1. Sugar-Free Confectionery Market Size and Forecast, by Product Type (2023-2030)
5.1.1. Chocolate Confectionery
5.1.2. Candy Confectionery
5.1.3. Others
5.2. Sugar-Free Confectionery Market Size and Forecast, by Distribution Channel (2023-2030)
5.2.1. Supermarkets and Hypermarkets
5.2.2. Convenience and Drug Stores
5.2.3. Online Platforms
5.2.4. Others
5.3. Sugar-Free Confectionery Market Size and Forecast, by Region (2023-2030)
5.3.1. North America
5.3.2. Europe
5.3.3. Asia Pacific
5.3.4. Middle East and Africa
5.3.5. South America
6. North America Sugar-Free Confectionery Market Size and Forecast by Segmentation (by Value in USD Million) (2023-2030)
6.1. North America Sugar-Free Confectionery Market Size and Forecast, by Product Type (2023-2030)
6.1.1. Chocolate Confectionery
6.1.2. Candy Confectionery
6.1.3. Others
6.2. North America Sugar-Free Confectionery Market Size and Forecast, by Distribution Channel (2023-2030)
6.2.1. Supermarkets and Hypermarkets
6.2.2. Convenience and Drug Stores
6.2.3. Online Platforms
6.2.4. Others
6.3. North America Sugar-Free Confectionery Market Size and Forecast, by Country (2023-2030)
6.3.1. United States
6.3.2. Canada
6.3.3. Mexico
7. Europe Sugar-Free Confectionery Market Size and Forecast by Segmentation (by Value in USD Million) (2023-2030)
7.1. Europe Sugar-Free Confectionery Market Size and Forecast, by Product Type (2023-2030)
7.2. Europe Sugar-Free Confectionery Market Size and Forecast, by Distribution Channel (2023-2030)
7.3. Europe Sugar-Free Confectionery Market Size and Forecast, by Country (2023-2030)
7.3.1. United Kingdom
7.3.2. France
7.3.3. Germany
7.3.4. Italy
7.3.5. Spain
7.3.6. Sweden
7.3.7. Austria
7.3.8. Rest of Europe
8. Asia Pacific Sugar-Free Confectionery Market Size and Forecast by Segmentation (by Value in USD Million) (2023-2030)
8.1. Asia Pacific Sugar-Free Confectionery Market Size and Forecast, by Product Type (2023-2030)
8.2. Asia Pacific Sugar-Free Confectionery Market Size and Forecast, by Distribution Channel (2023-2030)
8.3. Asia Pacific Sugar-Free Confectionery Market Size and Forecast, by Country (2023-2030)
8.3.1. China
8.3.2. S Korea
8.3.3. Japan
8.3.4. India
8.3.5. Australia
8.3.6. Indonesia
8.3.7. Malaysia
8.3.8. Vietnam
8.3.9. Taiwan
8.3.10. Rest of Asia Pacific
9. Middle East and Africa Sugar-Free Confectionery Market Size and Forecast by Segmentation (by Value in USD Million) (2023-2030)
9.1. Middle East and Africa Sugar-Free Confectionery Market Size and Forecast, by Product Type (2023-2030)
9.2. Middle East and Africa Sugar-Free Confectionery Market Size and Forecast, by Distribution Channel (2023-2030)
9.3. Middle East and Africa Sugar-Free Confectionery Market Size and Forecast, by Country (2023-2030)
9.3.1. South Africa
9.3.2. GCC
9.3.3. Nigeria
9.3.4. Rest of ME&A
10. South America Sugar-Free Confectionery Market Size and Forecast by Segmentation (by Value in USD Million) (2023-2030)
10.1. South America Sugar-Free Confectionery Market Size and Forecast, by Product Type (2023-2030)
10.2. South America Sugar-Free Confectionery Market Size and Forecast, by Distribution Channel (2023-2030)
10.3. South America Sugar-Free Confectionery Market Size and Forecast, by Country (2023-2030)
10.3.1. Brazil
10.3.2. Argentina
10.3.3. Rest Of South America
11. Company Profile: Key Players
11.1. Abdallah Candies Inc.
11.1.1. Company Overview
11.1.2. Business Portfolio
11.1.3. Financial Overview
11.1.3.1. Total Revenue
11.1.3.2. Segment Revenue
11.1.3.3. Regional Revenue
11.1.4. SWOT Analysis
11.1.5. Strategic Analysis
11.1.6. Recent Developments
11.2. Asher’s Chocolate Co.
11.3. Ferrero
11.4. Diabetic Candy.com, LLC.
11.5. Lily's Sweets LLC
11.6. Nestlé
11.7. ROY chocolatier
11.8. Russell Stover Chocolates, LLC
11.9. See's Candy Shops, Inc.
11.10. Sugarless Confectionery
11.11. THE HERSHEY COMPANY
11.12. The Kraft Heinz Company
11.13. Natra
11.14. Zaini
11.15. Coracao
11.16. The Functional Chocolate Company
11.17. Dr. John's Healthy Sweets
11.18. Amajoya
11.19. SmartSweets
11.20. Max Sweets
11.21. Zeta Espacial
12. Key Findings
13. Analyst Recommendations
13.1. Strategic Recommendations
13.2. Future Outlook