USD 23.56 Billion Growth in Sugar-Free Food And Beverage Market | 17,000+ Technavio Research Reports

To get the exact yearly growth variance and the Y-O-Y growth rate, Talk to our analyst.

Key Market Dynamics:

• Market Drivers

The growing influence of online retailing is notably driving the sugar-free food and beverage market growth.  E-commerce has emerged as a boon for the market. A rise in the number of e-commerce players offering personalized shopping assistance and suggestions on products, including sugar-free foods and beverages will further fuel the market’s growth positively during the forecast period. Factors such as convenience and easy payment processes associated with online shopping help consumers in avoiding time-consuming journeys and billing queues. In addition, online shopping portals have enhanced security features that increase sales and purchases, along with user-friendly website designs that offer enhanced and efficient product visibility. Furthermore, rising demand for naturally derived sweeteners and surging product premiumization are some other factors likely to influence the market positively during the forecast period.

• Market Challenges

Lower acceptance due to ambiguity on safety profile of artificial sweeteners is one of the prominent factors that will challenge market growth. Artificial sweeteners have been known to cause health-related problems. Due to the adverse health effects, many limit their consumption of sweeteners. Artificial sweeteners are used in diabetic food to lower the calorie content. Thus, the adverse health effects of sweeteners will affect the global diabetic food market as well. In addition, other factors including taste issues with artificial sweeteners and stringent regulations and health claim validations are also expected to limit the market’s growth during the forecast period.

To learn about additional key drivers, trends, and challenges available with Technavio. Read our FREE Sample Report!

Market Segment Analysis

The sugar-free food and beverage market report 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).  Sugar-free beverages held the largest market share in 2020 and will continue to dominate the market growth during the forecast period. The growth of this segment can be attributed to the rising demand for low-calorie beverages with new flavors. Rising health consciousness among consumers has further fueled the demand for low-calorie and sugar-free beverages, such as juices, flavored water, sports drinks, energy drinks, and soft drinks, in turn, driving this segment’s growth during the forecast period.

In terms of Geography, North America was the largest revenue-generating regional segment of sugar-free food and beverage market. This regional segment will be the leading region with 43% of the market’s growth during the forecast period due to the growing adoption of sugar-free food and beverages by the rising obese and diabetic population, particularly, in the US. Furthermore, consumers in North America are more inclined toward organic and natural dietary products that supplement natural tastes, and this preference has spurred the consumption of organic and natural sugar-free foods and beverages in the region.   The US, Canada, and Mexico are the major contributors to the market in the region. In addition, the strong distribution network between vendors and retailers increases purchase options for consumers, which will further fuel the growth of the market in the region. 

View our sample report for additional insights into the contribution of all the segments and regional opportunities in the report.

Some Companies Mentioned

• 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.
• Unilever Group
• To gain access to more vendor profiles with their key offerings available with Technavio, Click Here

Related Reports:

Turbinado Sugar Market by Product, End-user, and Geography – Forecast and Analysis 2023-2026

Sugar Substitutes Market by Product and Geography – Forecast and Analysis 2023-2025

Key Topics Covered:

• Executive Summary
• Market Landscape
• Market Sizing
• Five Forces Analysis
• Market Segmentation
• Customer landscape
• Geographic Landscape
• Vendor Landscape
• Vendor Analysis
• Appendix

About Us
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 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.

Contact
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