Market Research Report
Sugar-free Confectionery Market Size, Share & Trends Analysis Report By Product (Sweet & Candy Confectionery, Chocolate Confectionery), By Distribution Channel, By Region, And Segment Forecasts, 2020 - 2027
|Published by||Grand View Research, Inc.||Product code||959648|
|Published||Content info||80 Pages
Delivery time: 2-3 business days
|Sugar-free Confectionery Market Size, Share & Trends Analysis Report By Product (Sweet & Candy Confectionery, Chocolate Confectionery), By Distribution Channel, By Region, And Segment Forecasts, 2020 - 2027|
|Published: August 24, 2020||Content info: 80 Pages||
Market Growth & Trends
The global sugar-free confectionery market size is expected to reach USD 2.81 billion by 2027, according to a new report by Grand View Research, Inc., expanding at a CAGR of 5.1% from 2020 to 2027. Rising awareness regarding health and wellness among millennials as a result of an increasing number of advertising campaigns aimed at fitness improvement is expected to increase spending on sugar-free confectionery. Furthermore, rising concerns over dental problems resulted from excess consumption of conventional candies are expected to compel the buyers to purchase alternative confectionery products, which lower the existence of oral health problems.
New manufacturing processes have been a major factor contributing to the market growth. In July 2020, Mondelez International, Inc. patented a process for manufacturing chocolate confectionery using soluble corn fiber to reduce the sugar and calorie content. This is expected to cut down the sugar content by over 50%. Along with this, it does not alter the composition of the chocolate significantly.
Sweet and candy confectionery is projected to witness the fastest growth with a CAGR of 5.8% from 2020 to 2027. Parents promoting the consumption of these among kids over the conventional confectionery in order to reduce the risks pertaining to decay and erosion of teeth is leading to rising demand for the product.