The Sugar-Free Food And Beverage Market is being driven by Growing influence of online retailing
The Sugar-Free Food And Beverage Market is expected to grow at a CAGR of 11.3% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 58.9 billion. In the global market for sugar-free foods and beverages, private-label offerings have emerged as a significant growth driver. Major retailers are expanding their product lines by introducing their own brands of sugar-free items, including sugar-free confectioneries, under their private labels. This strategic move not only caters to the increasing consumer demand for sugar-free alternatives but also enhances retailers' profitability. For instance, Amazon.com, through its private label brand 365 Everyday Value, offers an extensive range of sugar-free foods and beverages. Over the last decade, the private-label segment has witnessed substantial growth in terms of both scope and size.
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The market is segmented based on
According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows:
However, the market also witnesses some limitations, which are as follows:
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Market Scope |
|
Report Coverage |
Details |
Page number |
255 |
Base year |
2024 |
Historic period |
2019-2023 |
Forecast period |
2025-2029 |
Growth momentum & CAGR |
Accelerate at a CAGR of 11.3% |
Market growth 2025-2029 |
USD 58.9 billion |
Market structure |
market_structure.ucfirst |
YoY growth 2024-2025(%) |
9.9 |
Key countries |
US, China, Germany, Canada, Italy, UK, France, India, Brazil, and Australia |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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The Sugar-Free Food and Beverage Market caters to consumers with diabetes, obesity, and other disorders, offering glycation-free alternatives to traditional products. Low-calorie beverages, sweetened with sugar substitutes, are popular choices. Veganism, gluten-free, raw, refined sugar-free, organic, and zero sugar options are also available. Taste is prioritized while reducing calories from added sugar. Sugar-free and low-calorie foods are gaining popularity due to sugar taxes and the rise of sugar alternatives.
The Sugar-Free Food and Beverage Market encompasses businesses engaged in the production and processing of sugar-free, low-calorie, and dietary-specific food and beverage offerings. Key drivers propelling market expansion include the rising prevalence of diabetes and obesity, consumer preference for natural sweeteners such as stevia and erythritol, and the increasing popularity of veganism, gluten-free, and raw food diets. Glycation, a process that damages proteins and lipids in the body due to excessive sugar intake, further emphasizes the need for sugar substitutes in food and beverage production. Technavio projects the global Sugar-Free Food and Beverage Market to experience significant growth due to these factors.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.
Technavio Research
Jesse Maida
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Email: media@technavio.com
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