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Redding, California - August 29, 2022

Sugar-free Products Market Worth $65.31 Billion by 2029

Sugar-free Products Market by Type (Beverages, Food Products; Tabletop, Others); Source (Sugar Substitutes-based Sugar-free Products, Naturally Sweetened ); Distribution Channel (Supermarkets or Hypermarkets, Online, Others) - Global Forecasts to 2029


Meticulous Research®—leading global market research company published a research report titled Sugar-free Products Market by Type (Beverages, Food Products;  Tabletop, Others); Source (Sugar Substitutes-based Sugar-free Products, Naturally Sweetened ); Distribution Channel (Supermarkets or Hypermarkets, Online, Others) - Global Forecasts to 2029.'

According to this latest publication from Meticulous Research®, the sugar-free products market is expected to reach $65.31 billion by 2029 at a CAGR of 6.2% from 2022 to 2029. The growth of this market is driven by factors such as the rising incidence of diabetes, the rising demand for food with low calories, and sugar taxes imposed on sugary drinks. However, the high cost of sugar-free products is expected to hinder the growth of this market to a notable extent.

The sugar-free products market is segmented based on type (sugar-free beverages, sugar-free food products [sugar-free bakery, sugar-free dairy, sugar-free confectionery {gums and mints, chocolate confectionery, and sweet & candy confectionery}, other sugar-free food products], sugar-free nutrition and health supplements, tabletop sweeteners, and other sugar-free products); source (sugar substitutes-based sugar-free products [polyols, stevia, sucralose, acesulfame potassium {ace-k}, luo han guo {monk fruit extract}, saccharin, neotame, aspartame, other sugar substitutes], naturally sweetened sugar-free products); distribution channel (supermarkets/hypermarkets, specialty stores, convenience stores, online retail, other distribution channels); and geography. The study also evaluates industry competitors and analyzes the market at the regional and country levels.

Based on type, the sugar-free food products segment is slated to register the highest CAGR during the forecast period of 2022–2029. The rapid growth of this segment is driven by consumers' increasing preference for healthy food, changing dietary patterns, and the extensive use of sugar substitutes in different food products, including baked goods, confectionery, and savory snacks.

Based on source, in 2022, the sugar substitutes-based sugar-free products segment is expected to account for the larger share of the sugar-free products market. The large market share of this segment is attributed to its wide range of applications, negligible side effects, low production costs, and ease of use. In addition, this segment comprises the most commonly used low-calorie artificial sweeteners, which further supports the growth of this segment.

Based on distribution channel, in 2022, the supermarkets/hypermarkets segment is expected to account for the largest share of the sugar-free products market. The large market share of this segment is attributed to factors such as the rising per capita disposable incomes, the increasing adoption of healthy eating habits, and the rapid growth of the urban population.

Based on geography, in 2022, North America is expected to hold the major share of the sugar-free products market. The major share of this regional market is attributed to factors such as the growing diabetic and obese population, the rising health and wellness concerns, the well-established food & beverage industry in North America, and the high demand for sugar-free products. In addition, the presence of prominent players offering sugar-free products contributes to the market growth in the region.

However, Asia-Pacific is slated to register the highest CAGR during the forecast period of 2022–2029. The high market growth in Asia-Pacific is driven by the changing lifestyles, the rising trend of consuming healthy food & food ingredients, the increasing awareness about the health benefits of consuming sugar-free products, rapid urbanization, and the growing diabetic and obese population. In addition, the government taxes imposed on sugar-sweetened products contributes to the growth of the sugar-free products market in the region.

The sugar-free products market is characterized by a moderately competitive scenario due to many large and small-sized global, regional, and local players. The key players operating in the sugar-free products market are The Hershey Company (U.S.), PepsiCo, Inc. (U.S.), The Coca-Cola Company (U.S.), Nestlé S.A. (Switzerland), Mars, Incorporated (U.S.), The Kraft Heinz Company (U.S.), Mondelēz International, Inc. (U.S.), LINDT & SPRUNGLI International AG (Switzerland), GLANBIA PLC (Ireland), Galletas Gullón S.A. (Spain), and Zydus Wellness Ltd. (India).

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Key Questions Answered in the Report:

  • What is the current value of revenue generated by the sugar-free products market?
  • At what rate is the demand for sugar-free products projected to grow for the next 5–7 years?
  • What is the historical market size and growth rate for the sugar-free products market?
  • What are the major factors impacting the growth of this market at the global and regional levels? What are the major opportunities for existing players and new entrants in the market?
  • What are the impacts of the COVID-19 pandemic on the sugar-free products market?
  • Which segments in terms of type, source, and distribution channel are expected to create major traction for the manufacturers in this market?
  • What are the key geographical trends in this market? Which regions/countries are expected to offer significant growth opportunities for the manufacturers operating in the sugar-free products market?
  • Who are the major players in the sugar-free products market? What are their product offerings in this market?
  • What are the recent strategic developments in the sugar-free products market? What are the impacts of these strategic developments on the market?

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Related Reports
Sugar-free Products Market - Global Opportunity Analysis And Industry Forecast (2022-2029)
Report ID: MRFB - 104649 Pages: 200 Formats*:PDF Category: Food and Beverages
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