Global Sugar-free Confectionery Market 2017-2021
About Sugar-free Confectionery
Sugar-free confectionery consists of a range of products that are totally devoid of sugar and contain artificial sweeteners, which impart taste to them. Sugar-free confectionery products form only a small part of the global confectionery market. They are generally consumed as healthy alternatives to sugar-based confectionery products.
Technavio’s analysts forecast the global sugar-free confectionery market to grow at a CAGR of 5.38% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global sugar-free confectionery market for 2017-2021. To calculate the market size, the report considers the revenues generated from various geographical regions and the sales data of the various major vendors operating in the sugar-free confectionery market.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Sugar-Free Confectionery Market 2017-2021
Technavio recognizes the following companies as the key players in the global sugar-free confectionery market: Chocoladefabriken Lindt & Sprüngli, Mars, Mondelēz International, and The Hershey Company.
Other Prominent Vendors in the market are: AUGUST STORCK, EZAKI GLICO, Ferrero, HARIBO, Meiji Holdings, Nestlé, Sulá, The Sugarless Co., and YILDIZ HOLDING.
Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is Rising trend toward health and wellness activities. Sugar confectionery though attractive and sweet, poses a threat to the consumers as its consumption leads to obesity and diabetes. Efforts to lose weight and reduce the cholesterol content and sugar content, to prevent diabetes, are increasing the sugar-free confectionery products consumption and hence, is a growing trendsetter for the market.”
According to the report, one of the major drivers for this market is Rise in disposable income. Steady economic growth and development, especially in APAC, MEA, and Latin America, has resulted in higher incomes of the consumers. India, China, Brazil, Indonesia, Nigeria, Argentina, Hungary, Iran, and Turkey are the forerunners when it comes to the rising disposable incomes of consumers.
Further, the report states that one of the major factors hindering the growth of this market is Growing popularity of dark chocolate. The rising popularity of dark chocolate has become a real challenge for both manufacturers as well as distributors in the sugar-free confectionery market. Health-conscious consumers have found an equivalent replacement in the form of dark chocolate. Dark chocolate, due to its nutrition content and convenience, has become an indulgence product among the consumers and has surged in popularity over the last 5 years. Besides, dark chocolate is recognized for controlling cardiac diseases and cholesterol-related problems due to the presence of antioxidants.
Chocoladefabriken Lindt & Sprüngli, Mars, Mondelēz International, and The Hershey Company, AUGUST STORCK, EZAKI GLICO, Ferrero, HARIBO, Meiji Holdings, Nestlé, Sulá, The Sugarless Co., and YILDIZ HOLDING
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.Download eBook