Sugar-Free confectionery market 2020 can attain a growth rate of more than 3.2% over the review period (2017 to 2023), affirms MRFR (Market Research Future). We will provide COVID-19 impact analysis with the report, along with all the extensive key developments in the market post the coronavirus disease outbreak.
Growth Enhancers and Barriers
In recent years, the demand for organic and natural candies as well as premium products has spiked considerably, creating ample opportunities for the key firms in the global market for sugar confectionary. In line with the mounting awareness among consumers about food ingredients and the growth in sugar aversion, retailers and manufacturers have been responding to the given trend by introducing more reduced-sugar or sugar-free alternatives. For instance, in February 2020, Chupa Chups boosted its sugar-free confectionary Market range by launching Chupa Chups Good For You. These lollipops consist of stevia and some of the added benefits include fibre, natural colourings, vitamin C, and sweeteners. These features help make them these products more appealing to the health conscious consumers.
The prominent key players of the sugar-free confectionery market in the global market are mentioned down below-
THE HERSHEY COMPANY (U.S.)
Mars Incorporated (U.S.)
Mondelez International (U.S.)
Chocoladefabriken Lindt & Sprüngli AG (Switzerland)
HARIBO of America, Inc. (Germany)
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Type, packaging and distribution channel are the key market segments analyzed in the MRFR report.
The types of sugar confectioneries available in the global market are jellies, gums, pastilles, chews, and more. Between these, the biggest market belongs to pastilles, followed by gums. The expanding retail sector has been instrumental in the pastilles segment’s growth since these come under the impulsive buy category among consumers.
Sugar- Free confectionery market future prospects have been evaluated in the MRFR report, with respect to key regions, namely Asia Pacific, North America and Europe, along with RoW/rest of the world.
North America will retain its winning streak throughout the review period, considering the significant rend of gifting sugar confectioneries on several occasions. United States is in the lead, primarily due to the heightened demand for rich and high-end cocoa products among people. The growth in the fitness trend has bolstered the demand for protein bars in the region. The considerable surge in the number of consumers focused on their health and opting for fitness clubs have become the target audience for the major sugar confectionary manufacturers in the region.
NOTE: Our Team of Researchers are Studying Covid19 and its Impact on Various Industry Verticals and wherever required we will be considering Covid19 Footprints for Better Analysis of Market and Industries. Cordially get in Touch for More Details.