Sugar-free food and beverages market to grow by USD 40.13 billion from 2022 to 2027- Technavio
NEW YORK, Oct. 27, 2023 /PRNewswire/ -- The sugar-free food and beverages market size is expected to grow by USD 40.13 billion from 2022 to 2027, according to Technavio. In addition, the growth momentum of the market will be progressing at a CAGR of over 9.53% during the forecast period. The growing influence of online retailing is notably driving the sugar-free food and beverages market. However, factors such as Lower acceptance due to ambiguity on the safety profile of artificial sweeteners may impede market growth. The market is segmented by end-user (supermarkets or hypermarkets, convenience stores, online stores, and specialty stores), product (sugar-free beverages, sugar-free dairy products, sugar-free confectionery, sugar-free bakery, and sugar-free ice-creams), and geography (North America, Europe, APAC, South America, and Middle East and Africa). Technavio provides a comprehensive report summary describing the market size and forecast along with research methodology. The sample report is available in PDF format
Key Segment Analysis
The market share growth of the supermarkets or hypermarkets segment will be significant during the forecast period. Supermarkets and hypermarkets deliver high product volumes, which provides them with higher buying power and helps retail outlets implement their competitive pricing strategies by providing discounts. This enables consumers to buy sugar-free food and beverages at discounted rates. Therefore, factors such as competitive pricing are expected to drive market growth for sugar-free foods and beverages.
To know additional highlights and key points on various market segments and their impact in coming years, View the PDF Sample Report.
Geographical Market Analysis
North America is estimated to contribute 41% to the growth of the global market during the forecast period. The US, Canada, and Mexico are the major contributors to the market in the region. Some of the largest market players operating in this region are Coca-Cola and Hershey. Another key factor that drives the growth of the market in this region is the availability of a wide variety of sugarless foods and beverages.
Company Insights
The sugar-free food and beverages market is fragmented, and the companies are deploying organic and inorganic growth strategies to compete in the market. The report analyzes the market's competitive landscape and offers information on several market companies, including:
Atkinson Candy Co., Britvic Plc, Chocoladefabriken Lindt and Sprungli AG, Flowers Foods Inc., General Mills Inc., Gujarat Cooperative Milk Marketing Federation, Jones Soda Co., Kellogg Co., Keurig Dr Pepper Inc., Monster Energy Co., Nestle SA, PepsiCo Inc., Russell Stover Chocolates, Suntory Holdings Ltd., The Coca Cola Co., The Hershey Co., The Kraft Heinz Co., Turkey Hill Dairy, Vadilal Industries Ltd., and Wells Enterprises Inc.
View the PDF Sample Report to find additional highlights on the growth strategies adopted by companies and their product offerings.
Related Reports:
The Sugar-free carbonated drinks market is projected to grow by USD 10.55 billion with a CAGR of 6.14% during the forecast period 2021 to 2026.
The sugar-free ice cream market share is expected to increase to USD 1.58 billion from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 9.48%.
ToC:
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by End-user
7 Market Segmentation by Product
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Company Landscape
12 Company Analysis
13 Appendix
About Technavio
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.
With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
Contacts
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: [email protected]
Website: www.technavio.com
SOURCE Technavio
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