Global Diet Candy Market, By Product Type (Sugar Free, Hard Candy, Diet Chocolate, Chewy Candy), Distribution Channel (Supermarkets/ Hypermarkets, Independent Retailers, Convenience Stores, Service Stations, Specialist, Others), Country (U.S., Canada, Mexico, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Rest of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Market Analysis and Insights: Global Diet Candy Market
Diet candy market size is expected to grow at a compound annual rate of 3.4% in the forecast period 2021 to 2028 and will reach USD 1.56 billion by 2028. The rise in the consumption of sweet products is the factor responsible for the growth of diet candy market in the forecast period of 2021 to 2028.
Diet candy is a type of low calorie confectionary which has low sugar content and added nutrition. These are in high demand by the consumers who are going for diet plan as it reduces the hunger for sweet.
The major growing factor towards diet candy market is the rise in the prevalence of obesity and diabetes among children as well as adults. Furthermore, the rise in the number of food and beverage product manufacturing companies along with the rapid change in the lifestyle of consumers are also expected to heighten the overall demand for diet candy market over the forecast period of 2021 to 2028. Moreover, the rise in the disposable income and rise in the focus and preparation among candy manufacturers to launch better and more flavorful confectionery products are also expected to serve as foremost drivers for the diet candy market at a global level. In addition, the increase in the applications in food and beverages industry and rapid rise in the trends of consumer towards the healthier food are also lifting the growth of the diet candy market.
However, the high cost when compared to regular candies and sweets and the increase in the health consiousness consumers are projected to act as a restraint towards the growth of diet candy market, whereas the presence of unorganized players offering different locally-made products at lower cost can challenge the growth of the diet candy market.
Moreover, the rapid development of candies having various benefits with reasonable price and the rise in the focus on offering products that will have no or minimum adverse on health of consumers are expected to further generate new opportunities for the diet candy market in the forecast period of 2021 to 2028.
This diet candy market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on diet candy market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Diet Candy Market Scope and Market Size
Diet candy market is segmented on the basis of product type and distribution channel. The growth among segments helps you analyze niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of product type, the diet candy market has been segmented into sugar free, hard candy, diet chocolate and chewy candy.
The distribution channel segment of the diet candy market has been segmented into supermarkets/ hypermarkets, independent retailers, convenience stores, service stations, specialist and others.
Diet Candy Market Country Level Analysis
Diet candy market is analyses and market size, volume information is provided by country, product type and distribution channel as referenced above.
The countries covered in the diet candy market report are U.S., Canada, Mexico in North America, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Brazil, Argentina, Rest of South America as a part of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
North America leads the diet candy market due to the high consumption of sweet products in the US and Canada as well as the strong presence of major players in the US. Asia-Pacific is expected to expand at a significant growth rate over the forecast period of 2021 to 2028 due to the high investments and government initiatives and favorable regulations.
The country section of the diet candy market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Diet Candy Market Share Analysis
Diet candy market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to diet candy market.
The major players covered in the diet candy report are Abdallah Candies Inc., Asher’s Chocolate Co., THE HERSHEY COMPANY, Nestlé, Russell Stover Chocolates, LLC, Toms Gruppen, Diabetic Candy, Dr. John's Healthy Sweets LLC, LILY'S SWEETS, ROY Chocolatier, and Carmit Candy Industries Ltd., among other domestic and global players. Market share data is available for Global, North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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