Global Sugar-Free Confectionery Market to Grow at 4.5% During 2023-2028, Bolstered by Rising Prevalence of Diabetes

According to the latest report by IMARC Group, titled “Sugar-Free Confectionery Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028,” the global sugar-free confectionery market reached a value of US$ 2.1 Billion in 2022. Sugar-free confectioneries are prepared by using natural or artificial sugar substitutes, such as stevia, aspartame, saccharin, and sucralose. They also use sugar alcohols, like maltitol, lactitol, xylitol, erythritol, and hydrolysates, that are similar to sugar in terms of texture, taste, and interaction with ingredients. These compounds have fewer calories than white table sugar. In addition to this, they help in improving the glucose tolerance of the body, decreasing inflammation, boosting energy, and promoting weight loss. Some of the common sugar-free confectioneries include diet drinks, frozen desserts, baked goods, and chewing gum.

Global Sugar-Free Confectionery Market Trends:

The rising prevalence of diabetes, obesity, and other lifestyle diseases has led to the escalating demand for low-calorie confectionery items, which is majorly driving the market growth. In line with this, the increasing awareness regarding the non-cariogenic properties of sugar-free confectioneries has led to a significant rise in product sales across the globe. Additionally, the inflating disposable incomes have enabled consumers to afford luxurious and premium products, such as dark chocolate, which is acting as a growth-inducing factor. Other than this, the introduction of clean-label and organic product variants in innovative flavors is also fueling the market growth. Moreover, continuous research and development (R&D) activities to improve the functionality and health benefits of sugar-free items are further creating a positive outlook for the market. Looking forward, the market is expected to grow at a CAGR of 4.5% during 2023-2028.

Market Summary:

• Based on the product, the market has been divided into sweet and candies, chocolates confectionery, and others.
• On the basis of the distribution channel, the market has been classified into supermarkets and hypermarkets, convenience and drug stores, online and direct-to-consumer (D2C), and others.
• Region-wise, the market has been segregated into North America (the United States and Canada), Europe (Germany, France, the United Kingdom, Italy, Spain, Russia and others), Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia and others), Latin America (Brazil, Mexico and others), and Middle East and Africa.
• The competitive landscape of the industry has also been examined, with some of the key players being 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 and The Kraft Heinz Company.

Report Scope:

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