Authored By: Sarah
26 Aug 2022

Sugar-Free Food And Beverage Market 2021-2025: With 43% Growth Rate, North America will Lead the Market

The sugar-free food and beverage market share is set to grow up to USD 23.56 billion, accelerating at a CAGR of 6.63% during the forecast period. Demand for naturally derived sweeteners will offer immense growth opportunities to market vendors. The sugar-free food and beverage market will record an estimated 5.70% year-over-year growth rate during the forecast period.

In addition, specialty retailers offering sugar-free food and beverages are one of the major sugar-free food and beverage market trends that will support market growth. However, the lower acceptance due to ambiguity on the safety profile of artificial sweeteners may impede the market growth.

Technavio's research report analyses the growth trajectory of the market with a purview of the prevalent market scenario, trends, and drivers. It also provides competitive bench-marking of the key market players and their product portfolios. Unlock Free Sample Report 

Sugar-Free Food And Beverage Market 2021-2025: With 43% Growth Rate, North America will Lead the Market

Sugar-Free Food And Beverage Market: North America to lead market growth during the forecast period

  • The sugar-free food and beverage market is segmented by 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 MEA).
  • Based on the product segmentation, the sugar-free food and beverage market growth in the sugar-free beverages segment will be significant during the forecast period. 
  • Based on the geographical segmentation, North America is projected to contribute 43% of the market growth during the forecast period. The US is a key market for sugar-free food and beverage in North America. 
  • Factors such as the rising number of people with obesity and an increase in the number of people with diabetes will be instrumental in driving the sugar-free food and beverage market growth in North America
  • The sugar-free food and beverage market report provides an accurate prediction of the contribution of all the geographic segments to the growth of the sugar-free food and beverage market size

Sugar-Free Food And Beverage Market: Competitive Landscape

Kellogg Co., Mars Inc., Mondelez International Inc., Nestle SA, PepsiCo Inc., Strauss Group Ltd., The Coca-Cola Co., The Hershey Co., The Kraft Heinz Co., and Unilever Group are some of the major sugar-free food and beverage market vendors.

The market is fragmented, and the growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. Download the Free PDF Sample Report

The report provides insights into the following FAQs:

  1. What is the market CAGR?
    The market is accelerating at a CAGR of 6.63%.

     
  2. What is the incremental growth of the market?
    The market is expected to grow up to USD 23.56 billion.

     
  3. What is a key factor driving this market?
    The growing influence of online retailing will drive market growth over the forecast period.

     
  4. What are the key regions covered in this market research report?
    North America, Europe, APAC, South America, and MEA are the key regions featured in this research report.

     
  5. Which is the leading geographic region for this market?
    43% growth will originate from North America.

     
  6. Who are the leading market vendors?
    The leading vendors in this market are Kellogg Co., Mars Inc., Mondelez International Inc., Nestle SA, PepsiCo Inc., Strauss Group Ltd., The Coca-Cola Co., The Hershey Co., The Kraft Heinz Co., and Unilever Group

     
  7. What are the market segments covered in this report?
    The market is segmented by 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 MEA).

 

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