Published Date: 24-Nov-2022
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According to a new report, published by KBV research, The Global Reduced Sugar Food & Beverages Market size is expected to reach $79.5 billion by 2028, rising at a market growth of 8.6% CAGR during the forecast period.
The Supermarkets & Hypermarkets market is leading the Global Reduced Sugar Food & Beverages Market by Distribution Channel in 2021; thereby, achieving a market value of $42.2 billion by 2028. The proliferation of supermarkets and hypermarkets has contributed to a rise in total sales of low-sugar drinks and food products. Customers prefer to shop at traditional brick-and-mortar supermarkets because of the convenience and selection offered by these establishments.
The Bakery market is anticipated to witness a CAGR of 8.3% during (2022 - 2028). Reduced sugar baking includes substituting sucrose with sugar alternatives, which are low-calorie or calorie-free sweeteners. These compounds possess an intensely sweet flavor. Therefore, they are employed in extremely small quantities to substitute sugar and are frequently combined with bulking agents. High sugar consumption can increase the glycemic index, leading to an immediate rise in postprandial plasma glucose and insulin levels, as well as obesity, coronary heart disease, and dental issues.
The North America market dominated the Global Reduced Sugar Food & Beverages Market by Region in 2021; thereby, achieving a market value of $27.1 billion by 2028. The Europe market is poised to grow at a CAGR of 8% during (2022 - 2028). Additionally, The Asia Pacific market would witness a CAGR of 9.4% during (2022 - 2028).
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of Nestlé S.A., Hain Celestial Group, Inc., Unilever plc, NOW Foods, Inc., Givaudan S.A., Cargill Corporation, The Coca-Cola Company, PepsiCo, Inc., Danone S.A. and Mondelez International.
By Distribution Channel
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