Sugar-Free Chocolate Market | Actionable Strategies For 2027 To Stand Out In A Global Crowd
The uptick
in diabetes cases is foreseen to spur the global demand for the sugar-free
chocolate market. The food, beverages & nutrition reports are made by
Market Research Future, which includes market options for expansion. An income
level of USD 542 million in the forecast period by 2027. The
changing lifestyle of people due to the nutritional value of foods without
sugar has increased the Sugar-Free
Chocolate Market size.
Diabetes has
turned into a global health challenge, with escalating number of people
suffering from extremely high blood sugar. Some of the key causes of diabetes include
unhealthy diet, rising consumption of oily or junk food and following a hectic
lifestyle. The mounting concerns regarding diabetes, growing healthcare costs
and the health benefits offered by sugar-free chocolates has been favourable
for the global market. The surge in health consciousness among consumers and
the increasing need to cater to their sweet tooth encourage them to opt for sugar
free chocolates. Even the individuals focused on maintaining their weight or
interested in losing weight account for a large portion of the consumer base.
Segmental Analysis
The
segmental appraisal of the sugar-free chocolate market has been segmented on
the basis of category, main ingredient, type, distribution channel, and region.
Based on the regions, the sugar-free chocolate market has been segmented into
Europe, North America, Asia Pacific, and other crucial regions. On the basis of
the main ingredients, the sugar-free chocolate has been segmented into fat
& oil, sugar substitute, cocoa butter, cocoa beans, cocoa liquor, and others.
On the basis of by category, the sugar-free chocolate industry is segmented
into no added sugar and 100% sugar-free. Based on the type, the sugar-free
chocolate market comprises of milk, dark and white. On the basis of the distribution
channel, the sugar-free chocolate market comprises of store-based and non-store
based.
Regional
Insight
Europe, Asia Pacific/APAC, North America, as well as RoW/rest of the
world are the primary markets for sugar-free chocolates.
Europe should retain its leading position throughout the analysis period
and will manage to capture a strong growth rate of 6.81% between 2020 and 2027.
A highly favorable aspect can be the significant consumer awareness regarding different
options available in the market. the strong gains of the European market are
also due to the high health consciousness among the people and the general
focus on well-being. The desire to maintain the link between health as well as
craving for confectionaries also prompt the consumers to opt for sugar-free
chocolates. The massive pool of renowned vendors offering extensive ranges of sugar-free
confectionaries in the region should elevate the market position in the years
to come.
Asia Pacific is progressing steadily and will soon procure the fastest growth
rate of 6.97% in the coming years, with great support from developing countries
like China, Japan, and India. These countries are viewed as the prime hubs for
many of the international players, given the surging popularity of cocoa as
well as cocoa flavored items among consumers. Improving economic standards and
the high interest in trying new food items will also foster the market
expansion in the region.
Competitive Analysis
The
enhanced delivery channels are anticipated to generate a novel level in the
market by shortening lead times. This is likely to impact the long-term
progress of the global market in the future. The technological evolution in the
market is estimated to promote evolution options in the forecast period further.
The market is appraised to return to normal realistically in the
upcoming months, with market front runners controlling the transformation
charge. The market conditions are assessed to be austere at first but are
predicted to recover in the forthcoming years. The advances being generated in
the market can encapsulate a large part of the market in the span of the
forecast period. The emergence of significant trends in this period is likely
to define the global market's augmentation in the upcoming period. The policies
established in the different regional markets are projected to spur the market
in the approaching period.
The important
companies outlined in the sugar-free chocolate market are Godiva Chocolatier
(U.S.), Ghirardelli Chocolate Company (U.S.), Lindt & Sprüngli (France),
Russell stover (U.S.), Hershey (U.S.), Thin (U.S.), and Guilin (Belgium) to
name a few.
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