According to the latest report by IMARC Group, titled “Sugar-Free Confectionery Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026”, the global sugar-free confectionery market grew at a CAGR of around 5% during 2015-2020. A sugar-free confectionery are generally made up of artificial or natural sweeteners as a sugar substitutes. These sweeteners are consumed in a smaller quantity than regular white sugar for providing a sweet taste with reduced carbohydrates, calories, and glycemic response.
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A significant increase in the number of individuals suffering from diabetes and obesity is contributing to the global sugar-free confectionery market. Moreover, as natural sugar substitutes decrease the risk of decay and erosion of teeth, the growing focus on maintaining oral health is catalyzing the demand for sugar-free confectionery. Besides this, the increasing consumer preferences for consuming reduced-calorie and sugar-free food products for managing weight are positively influencing the market. Furthermore, several leading players are offering organic and innovative flavors to cater to diversified consumer needs and preferences. Additionally, the introduction of functional sugar-free confectionery items will continue to further propel the global market over the forecasted period. Looking forward, IMARC Group expects the global sugar-free confectionery market to grow moderately during the forecast period (2021-2026).
Market Analysis and Segmentation:
Breakup by Product:
- Sweet and Candy Confectionery
- Chocolate Confectionery
Breakup by Distribution Channel:
- Supermarkets Hypermarkets
- Convenience and Drug Stores
- Online and D2C
Competitive Landscape with key players:
- Abdallah Candies Inc.
- Asher’s Chocolate Co.
- Diabetic Candy.com LLC
- Ferrero SpA
- Lily’s Sweets LLC
- Nestlé S.A.
- ROY Chocolatier
- Russell Stover Chocolates LLC (Chocoladefabriken Lindt & Sprüngli AG)
- See’s Candy Shops Inc. (Berkshire Hathaway Inc.)
- Sugarless Confectionery
- The Hershey Company
- The Kraft Heinz Company
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