Sugar-free Confectionery Market reach a value of US$ 3.5 Bn by 2031

Sugar-free Confectionery Market reach a value of US$ 3.5 Bn by 2031

PR Newswire

NEW YORK, Nov. 18, 2021

NEW YORK, Nov. 18, 2021 /PRNewswire/ -- As per the latest analysis by Persistence Market Research, the global sugar-free confectionery market is anticipated to witness steady growth at a CAGR of 5.4% and reach a value of US$ 3.5 Bn by 2031.

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Artificial sweeteners are substitutes of sugar that are chemically produced and added to confectionery and a wide variety of food and beverages to add sweetness. Artificial sweeteners that are used in confectionery, food, and beverages are stevia, aspartame, neotame, sucralose, acesulfame-K, cyclamate, and others.

The confectionery industry utilizes low-calorie artificial sweeteners in the preparation of finished items. Consumers are inclining toward sugar-free confectionery products due to their low-calorie content. Low-calorie artificial sweeteners help tackle obesity and are beneficial for diabetic patients as well. Growing awareness regarding the adverse effects of sugar and carbohydrates is leading to an increase in demand for sugar-free products.

Manufacturers are using artificial sweeteners to add sweetness to sugar-free confectionery products. Increasing health awareness among people concerned about obesity, diabetes, and calorie intake will drive market growth.

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Key Takeaways from Market Study

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"Sugar-free confectionery products are gaining traction among health-conscious consumers and people suffering from obesity & diabetes. Manufacturers are focusing on innovation and increasing product launches," says a Persistence Market Research analyst.

Competitive Landscape

Sugar-free confectionery manufacturers are focusing on innovation, research, and development to manufacture high quality confectionery items. Key players are anticipated to expand their product range through multiple innovations.

Continental Candy Industries B.V. aims to improve its research & development capabilities of existing product lines. The company is constantly engaged in new product development and product launches for a wide range of industries.

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Explore More Valuable Insight

Persistence Market Research, in its new report, offers an impartial analysis of the global sugar-free confectionery market, presenting historical data (2016-2020) and estimation statistics for the forecast period of 2021-2031.

The study offers compelling insights on the basis of type (sugar-free conventional confections and sugar-free chocolate confections) and sales channel (hypermarkets/supermarkets, speciality stores, convenience stores, and others), across seven major regions of the world.

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