Industry Background:
A sugar-free food comprises artificial based sweeteners with zero calorie or low calorie. Owing to the rising health issues such as obesity, diabetes, and weight gain, consumers have rapidly changed food habits. Instead of consuming food with sugar-based sweeteners, they are rapidly adopting food with artificial based sweeteners. Artificial sweeteners may be derived through the manufacturing of plant extracts or treated by chemical synthesis. There are several types of food consumed by people such as dairy, confectionary, bakery, ice cream, and others.
According to AMA Research, the market for Sugar-Free Foods is expected to register a CAGR of 8.2% during the forecast period to 2030. This growth is primarily driven by Increasing Demand for Calorie-Free Sweeteners
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Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Forecast Period | 2024-2030 |
Volume Unit | Tons |
Value Unit | USD (Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
The Food Products sector in the North America region has been increasing at a sustainable rate and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Vendors, such as Hershey (United States), Kellogg (United States), Mars (United States), Nestlé (Switzerland), Unilever (United Kingdom), Kraft Heinz (United States), Sula GmbH (Germany), Wm. Wrigley Jr (United States) and Confectionery factory ZhL (Ukraine), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
In October 2023, Pritzker Private Capital acquired Sugar Foods Corporation, a partnership aimed at supporting the food manufacturer's long-term growth through continued product innovation, customer expansion, and strategic acquisitions.
On June 13, 2023 - Chobani announced the launch of Chobani Zero Sugar Drinks, an innovative zero-sugar offering in a convenient drink format, that provides consumers with a protein-packed on-the-go option made with natural ingredients.The market is seeing moderate market players, by seeing huge growth in this market the key leading vendors are highly focusing on production technologies, efficiency enhancement, and product life. This market has various growth opportunities that leading players capture via tracking the ongoing process enhancement and huge investment in market growth strategies.
Regulatory Insights:
The Food and Drug Administration (FDA) is concerned about the number of products we have seen that contain claims regarding the absence of sugar, such as, "sugar free" but that fail to bear the required disclaimer statement when these foods are not "low" or "reduced in" calories or fail to bear the required disclaimer statement in the location or with the conspicuousness required by regulation.
Influencing Trend:
People Are Consuming More Sugar Free Products to Stay Fit & Physically Active, Specialty Retailers Offering Sugar-Free Food and Wide Range of Players Entering the Market with Different Product Lines
Market Growth Drivers:
Increasing Demand for Calorie-Free Sweeteners, Increasing Aging Population, Rising Health Issues Such As Obesity and Diabetes and The Rising Disposable Income
Challenges:
Lower acceptance due to ambiguity on safety profile of artificial sweeteners, Taste issues with artificial sweeteners and Wide portfolio of sugared food
Restraints:
Concerns over the Safety of Sugar Substitutes and Price Sensitive Consumers
Opportunities:
Emerging Demand from Economies
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mainly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Vendors landscape impacting the market's growth. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Data Sources of Sugar-Free Foods Market Study
Primary Collection: InMail, LinkedIn Groups, Survey Monkey, Google, and Other professional Forums are some of the mediums utilized to gather primary data through key industry participants and appointees, subject-matter experts, C-level executives of Sugar-Free Foods Industry, among others including independent industry consultants, experts, to obtain and verify critical qualitative commentary and opinion and quantitative statistics, to assess future market prospects.
The primary interviews and data collected as per the below protocols: By Designation: C-Level, D-Level, Others
By Company Type: Tier 1, Tier 2, Tier 3
Secondary Data Sources such as Annual reports, Press releases, Analyst meetings, Conference calls, Investor presentations, Management statements, and SEC filings of Sugar-Free Foods players along with Regulatory Sites, Association, World bank, etc were used as sources secondary set of data.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Sugar-Free Foods Study Sheds Light on
The Sugar-Free Foods Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Sugar-Free Foods industry Vendors. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Sugar-Free Foods industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Vendors can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.