Sugar-free Products Market Set to Reach $65.31 Billion by 2029 with 6.2% CAGR


Posted October 18, 2023 by Harshal

Sugar-free Products Market by Type (Beverages, Food Products, Tabletop, Others); Sweetening Type (Sugar Substitute-sweetened Sugar-free Products, Naturally Sweetened); Distribution Channel (Supermarkets & Hypermarkets) - Global Forecasts to 2029

 
[Redding, California, October 18, 2023] - The Sugar-free Products Market is on a steady growth trajectory, projected to reach an impressive $65.31 billion by 2029, with a CAGR of 6.2% from 2022 to 2029. This growth is primarily attributed to the increasing incidence of diabetes, a surge in the demand for low-calorie food options, and the implementation of sugar taxes on sugary drinks. However, the market also faces hindrances due to the high cost of sugar-free products.

Top 10 Companies in the Sugar-free Products Market: https://meticulousblog.org/top-10-companies-in-sugar-free-products-market/

1. The Hershey Company (U.S.) - Established in 1894, The Hershey Company offers a wide range of sugar-free products through popular brands like HERSHEY'S and REESE'S. With a strong presence in over 80 countries, the company employs 18,990 individuals globally.

2. PepsiCo, Inc. (U.S.) - Founded in 1965, PepsiCo is focused on reducing sugar levels in its products by 25% by 2025 and 50% by 2030. With a vast distribution network in over 200 countries, PepsiCo has more than 309,000 employees worldwide.

3. The Coca-Cola Company (U.S.) - Established in 1892, The Coca-Cola Company offers sugar-free beverages and nutrition products through iconic brands like Diet Coke and POWERADE. The company operates in over 200 countries and has 79,000 employees.

4. Nestlé S.A. (Switzerland) - Founded in 1866, Nestlé's diverse product line includes sugar-free chocolate bars and coffee creamer. The company has a strong presence in over 186 countries and employs 2,73,000 individuals globally.

5. Mars, Incorporated (U.S.) - Mars Wrigley, a segment of Mars, offers sugar-free mints and chewing gums through brands like ORBIT and EXTRA. The company has a strong distribution network in over 80 countries.

6. The Kraft Heinz Company (U.S.) - Following the merger of Kraft Foods Group, Inc. and H.J. Heinz Holding Corporation in 2015, The Kraft Heinz Company offers sugar-free products through brands like Jell-O and CRYSTAL LIGHT. The company employs 36,000 individuals and has a geographical presence across multiple regions.

7. Mondelēz International, Inc. (U.S.) - Mondelēz operates through various popular snack brands, including Halls for sugar-free products. With subsidiaries and a strong distribution network across more than 150 countries, the company has 79,000 employees worldwide.

8. LINDT & SPRUNGLI AG (Switzerland) - Lindt specializes in the production and marketing of sugar-free chocolates through its brand Lindt Excellence. The company's strong distribution networks span multiple continents.

9. GLANBIA PLC (Ireland) - Glanbia's sugar-free products, such as protein bars and pre-workout drinks, are offered through the Glanbia Performance Nutrition business segment. The company has a presence in over 100 countries.

10. Galletas Gullón S.A. (Spain) - Galletas specializes in the manufacturing of sugar-free bakery products, including zero-sugar digestive biscuits and cookies. The company's distribution network extends to more than 120 countries.

These companies are at the forefront of meeting the growing demand for sugar-free products in the market. They aim to balance consumer health concerns with the need for enjoyable, low-calorie food and beverage options.

Top 10 Companies in the Sugar-free Products Market: https://meticulousblog.org/top-10-companies-in-sugar-free-products-market/

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Issued By Harshal
Country United States
Categories Business , Food , Nutrition
Tags sugarfree products market , sugarfree products , sugarfree products market size , sugarfree products market share , top 10 companies in sugarfree products market
Last Updated October 18, 2023