Sugar-Free Beverages Market Focused on Market Segments Manufacture, Size, Type, Region, application and Forecast 2029
Sugar-Free Beverages Market Overview
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
prevents weight gain. The global sugar-free beverages market, as per a report
by Market Research Future (MRFR) is touted to register a striking CAGR during
the forecast period (2017–2023).
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 calorie as the artificial sweeteners which are
used are 600 times sweeter than sugar, thus allowing the use of sweetener 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.
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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.
Competitive Dashboard Analysis
The top players operating in the sugar-free beverages market include Mars Inc. (U.S.), The Hershey Company (U.S.), Unilever
(U.K.), Nestlé (Europe), PepsiCo (U.S.), The Coca-Cola Company (U.S.), and The
Kraft Heinz Company (U.S.).
Global Sugar-Free Beverages Market: 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’s preferences. Key players in the region are highly involved in
R&D activities to develop new and innovative products and cater to the unmet
needs of health-conscious consumers.
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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.
NOTE: Our Team of Researchers are 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),
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States of America
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