Global Sugar-free Hard Candies Market, By Sweetening Agent (Stevia, Isomalt, Sorbitol, Maltitol, Xylitol, olydextrose and Others), Functionality (Texture, Stability, and Moisture Retention), Flavours (Butterscotch, Caramel, Blueberry, Strawberry, Banana, Coffee and Others), Distribution Channel (B2B and B2C), and (U.S., Canada, Mexico, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherlands, 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 the Middle East and Africa) Industry Trends and Forecast to 2028
Market Analysis and Insights: Global Sugar-free Hard Candies Market
The sugar-free hard candies market is expected to witness market growth at a rate of 3.50% in the forecast period of 2021 to 2028 and is further estimated to USD 1.58 billion by 2028. Data Bridge Market Research report on sugar-free hard candies market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market's growth. The rise in the nutritional value is escalating the growth of sugar-free hard candies market.
Sugar free candy is known to be the candy made from sugar alternative that gives similar to sugar and therefore preserves the sweet taste. Various types of sugar free candy like hard and chewy candy are gaining traction in the industry all over the world because of the taste and regulated sugar content.
Major factors that are expected to boost the growth of the sugar-free hard candies market in the forecast period are the rise in the prevalence of diabetes amongst people. Furthermore, several manufacturers are highlighting on the flavour optimization of the sugar free candies s further anticipated to propel the growth of the sugar-free hard candies market. Moreover, the growing vegan population because of the rise in the awareness is further estimated to cushion the growth of the sugar-free hard candies market. On the other hand, the crucial selection of artificial sweeteners is further projected to impede the growth of the sugar-free hard candies market in the timeline period.
- In addition, the increase in the need for sugar free candy that is made from vegan or plant based ingredients will further provide potential opportunities for the growth of the sugar-free hard candies market in the coming years. However, the sugar alcohols can cause unpleasant gastrointestinal side effects like bloating and diarrhoea which might further challenge the growth of the sugar-free hard candies market in the near future.
This sugar-free hard candies market report provide details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, the 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 sugar-free hard candies 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 Sugar-free Hard Candies Market Scope and Market Size
The sugar-free hard candies market is segmented on the basis of sweetening agent, flavors, 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 sweetening agent, the sugar-free hard candies market is segmented into stevia, isomalt, sorbitol, maltitol, xylitol, olydextrose and others.
- On the basis of flavors, the sugar-free hard candies market is segmented into butterscotch, caramel, blueberry, strawberry, banana, coffee and others.
- On the basis of distribution channel, the sugar-free hard candies market are segmented into B2B and B2C. B2C is further sub segmented into hypermarket/supermarket, specialty store, convenience store, retailers, online store and others.
Sugar-free Hard Candies Market Country Level Analysis
The sugar-free hard candies market is analyzed, and market size, volume information is provided by country, sweetening agent, flavors, and distribution channel as referenced above.
The countries covered in the sugar-free hard candies market report are the 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 the Middle East and Africa (MEA).
North America dominates the sugar-free hard candies market due to the rise in the prevalence of diabetes. Furthermore, the occurrence of major key players will further boost the growth of the sugar-free hard candies market in the region during the forecast period. Asia-Pacific is projected to observe significant amount of growth in the sugar-free hard candies market due to the rise in the consumption of sugar free candy. Moreover, the increase in the sugar free candies in the bakery and confectionery industry is further anticipated to propel the growth of the sugar-free hard candies market in the region in the coming years.
The country section of the sugar-free hard candies market report also provides individual market impacting factors and changes in regulation in the market domestically that impact 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, downstream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, the impact of domestic tariffs, and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Sugar-free Hard Candies Market Share Analysis
The sugar-free hard candies market competitive landscape provides details by a 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 sugar-free hard candies market.
The major players covered in the sugar-free hard candies market report are Abdallah Candies Inc., THE HERSHEY COMPANY, Asher’s Chocolate Co., Hyet Sweet B.V., Dr. John's Healthy Sweets LLC, diabeticandy.com, LILY'S SWEETS, ROY Chocolatier, The Wm. Wrigley Jr. Company, BENEO, Russell Stover Chocolates, LLC, CANDY WAREHOUSE.COM, INC., See's Candy Shops, Inc., Koochikoo Lollipops, Sugarless Confectionery, Jaret International, Barnett, Ferrara Candy Company., and Perfetti Van Melle, 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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