Sugar-Free Beverages Market Outlook
Sugar-free beverages can be defined as substitutes for sugar-based beverages, which are artificially sweetened by using artificial sweeteners like aspartame, stevia, neotame, saccharin, and sucralose. They are considered a healthier option for consumers who are concerned regarding their sugar intake and prevent weight gain. In the global sugar-free beverages market, as per a report by Market Research Future (MRFR) The sugar-free food and beverage market share is expected to increase by USD 23.56 billion from 2020 to 2028, and the market’s growth momentum will accelerate at a CAGR of 6.63%.
Sugar-free beverages are gaining huge attention among global consumers, mainly due to the health benefits associated with them. These beverages are generally low in calories as the artificial sweeteners which are used are 600 times sweeter than sugar, thus allowing the use of sweeteners in less quantity. Sugar-free beverages help in short-term weight loss as calorie intake is less. These healthy attributes associated with sugar-free beverages will trigger the demand from the global market. Industry bigshots across the globe are highly involved in the development of new product launches and are focusing on the introduction of a wide variety of flavors in order to suit the customer’s requirements. Such factors are estimated to elevate the market growth across the globe.
COVID-19 Impact Analysis
This sugar-free food and beverage market research report provides valuable insights on the post-COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers sugar-free food and beverage market segmentation 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). The sugar-free food and beverage market report also offers information on several market vendors, including 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 among others.
Factors such as changing preferences of the consumers and rising disposable income, especially in the emerging nations are likely to offer the market an impetus. Moreover, sugar-free drinks assist in preventing tooth decay, which is likely to attract consumer’s attention. The surging demand for sugar-free organic beverages has further created new growth opportunities for the market.
On the contrary, long-term and regular usage of sugar-free beverages is not encouraged as it causes adverse health effects. This is estimated to restrict the market growth in the foreseeable future.
Segmental Analysis
The global sugar-free beverages market has been segmented on the basis of product type, claim, and distribution channel.
By product type, the sugar-free beverages market is segmented into soft drinks, fruits vegetable juices, dairy beverages, energy drinks, and others. Of these, the fruits vegetable juices segment is likely to dominate, mainly due to its health benefits.
The claim segment comprises lactose-free, gluten-free, organic, and others. Of these, the organic segment is estimated to dominate, mainly due to consumer’s inclination towards preservative-free and natural products.
Based on the distribution channel, the market includes store-based, non-store based. Of these, the store-based segment will command the highest market share owing to the improving and organized retail format across the globe. On the other hand, the recent boom in the e-commerce sector has led to increasing demand for the non-store based segment.
Regional Frontiers Analysis
Geographically, the sugar-free beverages market spans across Europe, North America, Asia Pacific, and the Rest of the World (RoW).
Considering the global scenario, the sugar-free beverages market will be dominated by North America. The soaring demand for calorie-free sweeteners like stevia, especially in the regions of Brazil and the US, increasing health issues like diabetes and obesity, and surging geriatric population are some of the primary growth stimulants of the regional market. Moreover, the surging rate of competition and the existence of industry bigshots in the region are likely to contribute to the market’s growth.
The Asia Pacific will acquire the second position in the global market owing to surging disposable income, coupled with the rapid shift in consumer preferences. Key players in the region are highly involved in RD activities to develop new and innovative products and cater to the unmet needs of health-conscious consumers.
Industry Updates
September 2019: The Coca-Cola Company will be continuing its 32-year association with UEFA and will become an official sponsor for UEFA EURO in the next year. Coca-Cola and UEFA have also announced a deal, where the manufacturers will become the official non-alcoholic beverage sponsor for UEFA EURO 2020.
Access Report Full Report Below Click links @: https://www.marketresearchfuture.com/reports/sugar-free-beverage-market-3869
NOTE: Our Team of Researchers is Studying Covid19 and its Impact on Various Industry Verticals and wherever required we will be considering Covid19 Footprints for Better Analysis of Market and Industries. Cordially get in Touch for More Details.
Contact us:
Market Research Future (part of Wantstats Research and Media Private Limited),
99 Hudson Street,5Th Floor, New York, New York 10013, United States of America
+1 646 845 9312
Email:
Sugar-Free Beverages Market Outlook
Sugar-free beverages can be defined as substitutes for sugar-based beverages, which are artificially sweetened by using artificial sweeteners like aspartame, stevia, neotame, saccharin, and sucralose. They are considered a healthier option for consumers who are concerned regarding their sugar intake and prevent weight gain. In the global sugar-free beverages market, as per a report by Market Research Future (MRFR) The sugar-free food and beverage market share is expected to increase by USD 23.56 billion from 2020 to 2028, and the market’s growth momentum will accelerate at a CAGR of 6.63%.
Sugar-free beverages are gaining huge attention among global consumers, mainly due to the health benefits associated with them. These beverages are generally low in calories as the artificial sweeteners which are used are 600 times sweeter than sugar, thus allowing the use of sweeteners in less quantity. Sugar-free beverages help in short-term weight loss as calorie intake is less. These healthy attributes associated with sugar-free beverages will trigger the demand from the global market. Industry bigshots across the globe are highly involved in the development of new product launches and are focusing on the introduction of a wide variety of flavors in order to suit the customer’s requirements. Such factors are estimated to elevate the market growth across the globe.
COVID-19 Impact Analysis
This sugar-free food and beverage market research report provides valuable insights on the post-COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers sugar-free food and beverage market segmentation 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). The sugar-free food and beverage market report also offers information on several market vendors, including 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 among others.
Factors such as changing preferences of the consumers and rising disposable income, especially in the emerging nations are likely to offer the market an impetus. Moreover, sugar-free drinks assist in preventing tooth decay, which is likely to attract consumer’s attention. The surging demand for sugar-free organic beverages has further created new growth opportunities for the market.
On the contrary, long-term and regular usage of sugar-free beverages is not encouraged as it causes adverse health effects. This is estimated to restrict the market growth in the foreseeable future.
Segmental Analysis
The global sugar-free beverages market has been segmented on the basis of product type, claim, and distribution channel.
By product type, the sugar-free beverages market is segmented into soft drinks, fruits vegetable juices, dairy beverages, energy drinks, and others. Of these, the fruits vegetable juices segment is likely to dominate, mainly due to its health benefits.
The claim segment comprises lactose-free, gluten-free, organic, and others. Of these, the organic segment is estimated to dominate, mainly due to consumer’s inclination towards preservative-free and natural products.
Based on the distribution channel, the market includes store-based, non-store based. Of these, the store-based segment will command the highest market share owing to the improving and organized retail format across the globe. On the other hand, the recent boom in the e-commerce sector has led to increasing demand for the non-store based segment.
Regional Frontiers Analysis
Geographically, the sugar-free beverages market spans across Europe, North America, Asia Pacific, and the Rest of the World (RoW).
Considering the global scenario, the sugar-free beverages market will be dominated by North America. The soaring demand for calorie-free sweeteners like stevia, especially in the regions of Brazil and the US, increasing health issues like diabetes and obesity, and surging geriatric population are some of the primary growth stimulants of the regional market. Moreover, the surging rate of competition and the existence of industry bigshots in the region are likely to contribute to the market’s growth.
The Asia Pacific will acquire the second position in the global market owing to surging disposable income, coupled with the rapid shift in consumer preferences. Key players in the region are highly involved in RD activities to develop new and innovative products and cater to the unmet needs of health-conscious consumers.
Industry Updates
September 2019: The Coca-Cola Company will be continuing its 32-year association with UEFA and will become an official sponsor for UEFA EURO in the next year. Coca-Cola and UEFA have also announced a deal, where the manufacturers will become the official non-alcoholic beverage sponsor for UEFA EURO 2020.
Access Report Full Report Below Click links @: https://www.marketresearchfuture.com/reports/sugar-free-beverage-market-3869
NOTE: Our Team of Researchers is Studying Covid19 and its Impact on Various Industry Verticals and wherever required we will be considering Covid19 Footprints for Better Analysis of Market and Industries. Cordially get in Touch for More Details.
Contact us:
Market Research Future (part of Wantstats Research and Media Private Limited),
99 Hudson Street,5Th Floor, New York, New York 10013, United States of America
+1 646 845 9312
