Sugar Free Gumballs Market
Sugar Free Gumballs Market - By Product Type, By Nature & Global Region - Market Size, Trends, Opportunity, Forecast 2021-2025Request Sample Request Discount
The global sugar free gumballs market size is expected to reach noteworthy value by 2025, growing with a CAGR of 5.2% over the forecasted period of 2021 to 2025. The global sugar free gumballs market is driven by increase in demand for low calorie sugar products by health-conscious consumers. In addition, across the globe consumer are giving more focus on their health and eating habits due to which stakeholders have encouraged to change their product line accordingly. Moreover, raising diabetes disease amongst consumer is the biggest driver which has forced consumer to shift towards sugar free gumballs. According to the International Diabetes Federation, 425 million people are living with diabetes till 2019 and it is projected that it will raise to 625 million by 2045.
Rising health awareness and healthy dietary habits among consumers have led to an increase in the demand for sugar free gumballs, Moreover, sugar free gumballs are labelled as “sugar free” and it consists of less than 0.5 g of sugars per serving. Furthermore, in place of using sugar manufactures are using high-intensity sweeteners like aspartame, acesulfame-K, saccharin, neotame, stevia, and others to sweeten gumballs. In addition, gumballs can also be make sweet by using alcohols such as sorbitol, erythritol, maltitol, isomalt, mannitol, xylitol and others. All this substitute of sugar are used in gumball so that it be make calorie free for especially health conscious people and thus resulting in boosting the growth of the market. Moreover, attractive packaging method adopted by stakeholders along with clean labels for product is further augmenting the growth of the market. Furthermore, raising consumer inclination towards vitamins, minerals and addition attributes have resulted in attracting huge consumer base in last couple of years which also resulted in boosting the market growth.
Sugar-free gumballs are produced in large quantity by food manufacturer as an ingredient due to their high demand in adults and kids owing to its taste and flavor. Moreover, the sugar free gumball market is projected grow aggressively owing to shift in growth in end-user consumption. Furthermore, raising attention of people towards their health and competitive price range at retail stores has further augmented the growth of the market.
According to the Oral Health Foundations consuming sugar-free gumballs stimulates saliva production which helps in clearing food, strengthen teeth, rinse away bacteria and reduces acid in mouth that fades tooth enamel. Moreover, chewing sugar free gumballs also prevents cavities as it contains natural sweetener called Xylitol. It is a naturally occurring sweetener which has been shown to diminish the amount of cavity causing bacteria in plaque. Moreover, xylitol contains little more than half of the calories of sugar and is very safe for diabetes people to consume. In addition, like sugar xylitol is absorbed by bacteria. Moreover, use of xylitol has been increased owing to increasing uses in producing gumballs which has further boosted the global sugar free gumballs market.
Asia-Pacific market holds the major share in the year 2019 and it expected to retain its dominant during the forecast period. The rapid growing economies and population in countries like China and India along with raising per capita income has boosted the growth of the market. Moreover, the sugar free gumballs have engrossed a large amount of customer base in last couple of years in Asia Pacific region as they are particularly formulated to assure consumer adherence, have raised stability by avoiding color oxidation and custom made.
Product Type Insights
By product type analysis, the sugar free gumballs market is segmented into double bubble gumballs, oak leaf gumballs, jawbreakers, custom printed gumballs and gourmet flavored gumballs. The bubble gumballs segment holds the major market share and it is expected to retain its dominance during the forecast period.
On the basis of nature, the sugar free gumballs market is divided into organic and conventional. The organic segment holds the major share owing to raising consumer awareness regarding health, along with clean labels for product is further augmenting the boosting the growth of the market.
By distribution channel, the sugar free gumballs market is segmented into hypermarkets/supermarket, convenience stores, departmental stores, and online sales channel. Hypermarket /Supermarket stores holds the major market share owing to wide availability of food and beverages products at great amount of discount which result in attracting more and more customers and hence result in boosting the sugar free gumballs market growth. Raising manufactures interest in raising shelf visibility of their product has further augmented the growth of the market.
Key Companies Profiled
The global sugar free gumballs market is characterized by the presence of various small and big players. The major market player includes Wrigley Company, Cadbury Trebor Bassett, Lotte, Perfetti Van Melle, Hershey’s, Roquette, Dubble Bubble, Nabisco and Dentyne. As the market is competitive in nature, the players are indulged in raising their competitive share by means of strategic initiatives like mergers, new product and acquisitions.
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