Global Sugar-free chocolate market share – Overview
Rising health concerns and robust growth of healthy foods is supporting the growth of sugar-free chocolate on a global level. Market Research Future, a firm which specializes in market reports related to the Food, Beverages & Nutrition sector among others, recently forecasted in its report on ‘Global Sugar-free chocolate market share Research Report- Forecast to 2023’ that the market will demonstrate an exceptional CAGR % while achieving good growth rapidly in the forecast period.
Owing to increasing health awareness among the consumer’s, the demand for sugar-free and clean-labelled chocolate have increased. The sector is driven in a major way by the rising demand for healthy desserts with high nutritional value and low-calorie. Escalating popularity of low-caloric commodities is identified to boost the demand for sugar-free chocolate on a global platform. Increasing cases of diabetes among the consumers and rising obesity worldwide is also adding fuel to the growth of this market.
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Boost in health and wellness sectors is driving the sales of sugar-free chocolate on a global platform. However, the declining production of cocoa possess a major threat on this market. Economic as well as weather conditions plays vital role in the production of cocoa which is the key ingredient in sugar-free chocolate manufacturing. Unfavorable weather is the major cause for the declining production capacity of cocoa in several countries. Owning to this, production capacity of sugar-free premium chocolate is declining.
Latest Industry Updates
Dec 2017 Increasing health consciousness has raised the demand for healthy sweets in the market. In order to support the movement, Barry Callebaut developed a range of sugar reduced products in the global market.
Jun 2017 Russell Stover Candies, Inc. announced the launch of their sugar-free chocolate line in Chicago. The product is available in new varieties including pecan delights, mint patties, peanut butter cups and coconut.
Mar 2017 To support consumers’ growing inclination towards low-sugar consumption, KitKat maker Nestlé announced to be removing 10% of sugar from its chocolate in UK and Ireland from 2018.
Nov 2016 In order to encourage the consumption of low-caloric confectionery, Thai based company called Glico launched sugar-free chocolate product.
Global Sugar-free chocolate market share - Competitive Analysis
With the entry of new industry players in the sugar-free chocolate segment, the demand from various food and beverage manufacturers have increased based on consumers trending demand for natural and chemical-free pure form of chocolates. Major strategy followed by the key players is identified to be increasing their production capacity as well as product promotions to spread awareness about the health benefits gained from sugar-free chocolate consumption. The best long-term growth opportunities for this sector can be captured by ensuring ongoing new product launch experimenting with new flavors and R&D investments.
The key players profiled in global sugar-free chocolate market share report are Hershey (U.S.), Godiva Chocolatier (U.S.), Lindt & Sprüngli (France), Russell stover (U.S.), Ghirardelli Chocolate Company (U.S.), Thin (U.S.), and Guilin (Belgium) among many others.
Global Sugar-free chocolate market share – Segments
The global sugar-free chocolate market share has been divided into type, distribution channel, and region.
On The Basis Of Type: Dark, White, Milk, and Others
On The Basis Of Distribution Channel: Store Based, and Non-Store Based
On The Basis Of Region: North America, Europe, Asia Pacific, and ROW.
Global Sugar-free chocolate market share - Regional Analysis
The global Sugar-free chocolate market share is segmented into Africa, America, and Rest of the World (RoW). Global sugar-free chocolate market share is highly dominated by America due to high production capacity and cultivation of cocoa in the region. America is also fastest growing region due to changing lifestyle and increasing health awareness in the region. The production of sugar-free chocolate from the European region is anticipated to grow at a high rate in the upcoming years.
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