Sugar-Free Beverages Market: Savouring Success with Increasing Demand by Promising CAGR of 7.23% Outlook| Forecast to 2030.
Research Reports
Oct 05, 2023
Sugar-Free Beverage Market
A higher CAGR of 7.23% is anticipated for the sugar-free beverage market through 2030. Sugar-free beverages are a nice and healthy alternative to beverages with added sugar. These drinks also contain sugar, however they are typically sweetened with artificial sweeteners including sucralose, neotame, saccharin, aspartame, and stevia. Sugar-Free Beverage Market is preferred by those who are more interested in losing weight because these alternatives are healthier and help people consume less sugar overall. Because the majority of consumers are gravitating towards healthier features, the demand for these beverages is rising. By lowering cravings while preserving a healthy diet, this beverage.
The Sugar-Free Beverage Market’s demand is influenced by a number of things. Most consumers of these beverages are those who are trying to lose weight and are more health conscious. There is a global market for these drinks because obesity affects a sizable portion of the population in practically every location. This beverage contains artificial sweeteners, which are used in small amounts and are low in calories even though they are 600 times sweeter than regular sugar. A calorie deficit diet is becoming increasingly popular, which increases demand in the market.
the expanding demand for sugar-free drinks on the market worldwide. Due to the reduced calorie consumption, these beverages aid in weight loss over a short period of time, creating several growth potentials. Additionally, a lot of innovation has been going on to include more flavours in the basket to satisfy the preferences and tastes of every consumer.
Due to the high expense of most artificial sweeteners relative to table sugar, a number of issues limit the expansion of the sugar-free beverage market. Additionally, consuming these beverages over an extended period of time may result in harmful health issues that slow growth.
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Key Players
The most prominent major key players in the sugar-free beverages market all across the globe are mentioned below:
The Kraft Heinz Company (US)
PepsiCo (US)
The Coca-Cola Company (US)
Unilever (UK)
Nestle (Europe)
Mars Inc. (US)
The Hershey Company (US)
Market segmentation
Based on the product type, marketing claims, and distribution method, the sugar-free beverage market has been segmented globally.
Based on the type of product, the sugar-free beverage market has been segmented globally into dairy beverages, energy drinks, soft drinks, fruits and vegetable juices, and many other categories.
Based on the claims, the sugar-free beverage market has been segmented globally into organic, lactose-free, gluten-free, and many more categories.
Based on the physical distribution channels, the sugar-free beverage market has been segmented into store-based physical distribution channels and non-store-based physical distribution channels all over the world.
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Regional Analysis
The North American area, the Asia-Pacific region, the European region, and the Middle East and African region are the four regions into which the market for sugar-free beverages has been segmented globally. The North American area holds the greatest market share globally, and as a result, it leads the market due to the presence of nations like the US, Canada, and Mexico. The demand for these products is driven by the region’s residents’ increased health consciousness.
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