About Sugar-Free Chocolate
Chocolate comprises high sugar content and its consumption will cause blood sugar levels to rise. Excessive consumption of chocolate may also lead to other cardiovascular diseases and other health problems. Moreover, the calorific content of chocolate is relatively high and therefore overconsumption of chocolate could lead to weight gain. Thus, sugar-free chocolates have gained significant popularity in the last few decades. Furthermore, by knowing the popularity of sugar-free chocolates, most of the giant chocolate players are also unveiling new sugar-free chocolate lines in the market.
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 7.5% |
Analyst at AMA Research estimates that United States Vendors will contribute the maximum growth to Global Sugar-Free Chocolate market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
The Hershey Company (United States), Godiva Chocolatier (Belgium), Lindt & Sprungli (Switzerland), Russell Stover Candies (United States), Ghirardelli Chocolate Company (United States), TRU Chocolate Inc. (United States), Coco Polo LLC (United States), Whitman's Candies, Inc. (United States), Russell Stover Chocolates, LLC (United States) and Abdallah Candies Inc. (United States) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Sugar-Free Chocolate market by Type (Dark Chocolate, Milk Chocolate, White Chocolate and Others) and Region.
On the basis of geography, the market of Sugar-Free Chocolate has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Sales Channel, the sub-segment i.e. Supermarket will boost the Sugar-Free Chocolate market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Main Ingredients, the sub-segment i.e. Cocoa Beans will boost the Sugar-Free Chocolate market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
The Growing Popularity of Dark Chocolates
Market Growth Drivers:
The Rising Diabetes Prevalence’s worldwide, The Increasing Health Conscious Population among the Globe and The Shifting Preference towards Healthy Eating Food Items
Restraints:
Availability of Alternative/Substitute Chocolates
Opportunities:
The Growing Chocolate Consumers among the Developing Nations
On 7 June 2017, Russell Stover launched the first sugar-free chocolate line sweetened with stevia extract. The new varieties including mint patties, pecan delights peanut butter cups and coconut. Now, available in three-ounce peg bags, and 10-ounce lay down bags, with unique and attractive packaging.
Key Target Audience
Sugar-free chocolate manufacturers, Sugar substitutes manufacturers, Raw material suppliers, End users (food industry), Retailers and wholesalers, E-commerce companies and Traders, importers, and exporters
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.