The sugar-free gumballs market is estimated to secure a valuation of US$ 1.5 Billion in 2023 and is estimated to rise to US$ 2.3 Billion by 2033. The market is anticipated at a CAGR of 4.5% during the forecast period. The factors accelerating the demand for sugar-free gumballs are as follows-
The high prevalence of diabetes and obesity are the major growth driver for the global sugar-free gumballs market. Also, the increasing demand for vitamin sources among adults and children is likely to drive the sugar-free gumballs market.
Also, the increasing preference for sugar-free confectionary products and increasing demand for vitamin supplements, and growing consumer inclination toward a sugar-free diet are expected to positively impact the market growth.
Sugar-free gumballs are anticipated to witness a steady increase in demand from children and adults population owing to their appealing taste and associated health benefits.
The rapidly growing technology and new product development and ongoing research activity in the sugar-free products industry are seen to trigger the demand for new flavors, profiles, and ingredients. This factor is likely to boost the demand for the sugar-free gumball market.
North America is leading in the sugar-free gumball market and is expected to continue its leading position during the forecast period. the increasing consumer spending on nutritious food products and low sugar consumption for healthy living elevate the market demand in the region. The increasing demand and innovation of new product range also contribute to boosting the market in the region.
Asia Pacific is estimated to see fast growth in the sugar-free gumballs market during the forecast period. the increasing demand for low-calorie and healthy supplements.
Some of the key players operating their business in sugar-free gumball market are wringley company, Cadbory Tribor Bassett, Lotte, Perfetti Van Melle, Hershey’s, Roquette, Double Bubble, Nabisco, and Dentyne, among others.
The global sugar-free gumball market is highly competitive due to the existence of many domestic and regional players. The manufacturer operating in the sugar-free gumballs market are making strategic changes such as product innovation by introducing new product variants in existing product lines, mergers & acquisitions or opening the new manufacturing facility in another country to gain the larger market share.
For instance, in December 2022 - C+F Confectionary and Foods S.A. and Perfetti Van Mille Group announced that Perfetti van mille acquired Mondelez International in North America and Europe.
The sugar-free gumball market is expected to grow in the coming years. The increasing application of sugar-free gumballs in the food & beverage and pharmaceuticals industry and increased consumption of confectionary products are expected to drive market growth during the forecast period.
Also, the rapid growth of e-commerce and numerous malls, convenience stores, and departmental stores are contributing to the expansion of the sugar-free gumball market. The startups operating in the sugar-free gumballs market are coming up with very innovative product launches.
For instance, founded in 2018 The power gummies offers a portfolio of nutritional gummy variants and FSSAI-approved products that meet the nutritional requirement of people of all ages. The products include hair growth supplements, skin care, and weight management supplement.
| Data Point | Key statistics |
|---|---|
| Expected Market value in 2023 | US$ 1.5 Billion |
| Projected Market Value in 2033 | US$ 2.3 Billion |
| Growth Rate (2023 to 2033) | CAGR of 4.5% |
Sugar-free gumballs is a soft substance designed to be chewed without being swallowed, that not only taste good but with incorporated nutritional components offer consumers a more pleasant long lasting crunchiness and sweetness and nutritional benefits.
Due to consumers' inclination towards vitamin sources and additional attributes, sugar-free gumballs have attracted a huge consumer base within the past few years as they are specially formulated to guarantee consumer adherence, are custom made, and have enhanced stability avoiding color oxidation.
Sugar-free gumballs is widely produced by food manufacturers as an ingredient owing to high preference from both kids and adults. The sugar-free gumballs market is estimated to increase suggestively due to swift growth in end-user consumption due to changing consumer trends and increasing focus on health and competitive price points in retail supermarkets.
Asia Pacific sugar-free gumballs market is anticipated to grow significantly, as the industries in this region are the significant producers and exporters of gumballs. Sugar-free gumballs demand is projected to gain high traction in food manufacturing industries in the region will positively impact the market growth in the short term forecast period.
The market is attributed to the widespread application of sugar-free gumballs in the food industry and the pharmaceutical industry is witnessing an upsurge in demand since it is one of the most valuable sugar-free supplement available in the market. The factors facilitating the growth of the market is the consumer’s inclination towards sugar-free diets and supplements.
Texture differences and flavour combinations play a crucial role in the growth of the sugar-free gumballs market. The ever-increasing food industry is the primary driver for the escalating demand for soft chew supplements, producers utilize attractive packaging techniques mentioning clean labels for product being “non-GMO” and kosher certified that help potential customers understand if the product is right for them.
Few industry participants include
The manufacturers are mostly involved in the production of sugar-free gumballs and their byproducts for their utilization in various sectors.
In terms of volume, Asia Pacific accounts for the dominating share in the global sugar-free gumballs market in 2019. The region is likely to experience the significant growth in the next few years. Thus, it is anticipated to maintain its dominance during the forecast period.
North America is predicted to offer fast-growing markets for sugar-free gumballs during the forecast period. Increasing demand for sugar-free supplements from the food industry and rapid developments in the confectionary industry is projected to drive the demand for sugar-free gumballs market in these regions.
The sugar-free gumballs market report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases).
The report also features a complete qualitative and quantitative assessment by analysing data gathered from industry analysts and market participants across key points in the industry’s value chain.
A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the sugar-free gumballs market report projects the attractiveness of each major segment over the forecast period.
Sugar-Free Gumballs Market
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