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.
Low- or no-added-sugar fruit snacks are confections that use minimal or no artificial sweeteners. There are several reduced-sugar fruit snacks available on the market, including fruit strips and fruit bars. Increasing purchasing power and shifting customer preferences toward ready-to-eat and healthful convenience foods would increase the market demand for fruit snacks with decreased sugar.
To serve a large client base, several enterprises are offering fruit snacks with improved quality and choice for effective distribution networks. In addition, increased consumer expenditure on healthy items would bolster demand and growth of the reduced sugar fruit snack market throughout the projection period. The food and beverage business is seeing several trends and innovations in its product range, which will provide new growth prospects for market participants.
As customers are highly dependent on snacks, they must consume nutritious snacks. Because consuming unhealthy snacks may lead to a variety of health problems, such as weight gain or obesity. Snacks are an important aspect of a person's diet since bad snacking can lead to a variety of health problems, whilst good snacking can aid in the maintenance of physical health.
Due to this, the demand for healthy snacking options, such as fruit snacks with less sugar, will rise in the future years. The increased incidence of disorders requiring a certain amount of food between regular meals, such as diabetes and low blood pressure. In addition, the increased adoption of a variety of snacking goods, such as fruit snacks with reduced sugar, by the majority of the population contributes to the market's expansion.
The tremendous increase in sales of ready-to-eat foods in retail distribution channels was caused in part by consumers' panicked purchases of food supplies during the early phase of the lockdown. In recent years, however, the rising health concerns related to the sanitation and safety of processed foods have impacted the market for these items, as consumers have opted for raw ingredients to prepare their meals at home. This would offer up new growth opportunities for the leading industry players in the coming years. High customer demand for gluten-free, vegetarian, and meat-free low-sugar snack choices will drive the market for low-sugar fruit snacks throughout the projection period.
Obesity is one of the most significant threats to public health that the 21st century has seen, and it is a problem that is present in every country on the planet. Adult obesity is a major risk factor contributing to poor health and premature mortality from various conditions. These conditions include cardiovascular disease, osteoarthritis, diabetes, and numerous prevalent malignancies. The prevalence of overweight and obesity is increasing at an alarming rate among both children and adults. This beverage contains artificial sweeteners, which are only used in trace amounts because they are 600 times sweeter than regular sugar.
As more and more individuals become aware of the benefits of adopting a healthy lifestyle, sugar-free energy drinks are seeing a meteoric rise in popularity. Carbonated soft drinks were a big contributor to the rising obesity crisis, and sugar-free energy drinks have emerged as a superior alternative to fill the void left by their consumption. Some of the most well-known brands of sugar-free energy drinks, such as Red Bull, Monster, and Rockstar, are included on the list of the most commonly consumed sugar-free energy drinks.
One of the problems that are hindering the expansion of the sugar-free food and beverage business is lower adoption owing to ambiguity regarding the safety profile of artificial sweeteners. There is evidence that using artificial sweeteners can lead to adverse health effects. A comparison was made between the risk of metabolic syndromes in two different groups of people: one group consisted of people who consumed beverages sweetened with sugar, and the other group consisted of people who consumed beverages sweetened with artificial sweeteners.
On the basis of Distribution Channels, the Reduced Sugar Food & Beverages Market is divided into Supermarkets & Hypermarkets, Convenience Stores, Online, and Others. The online segment registered a substantial revenue share in the reduced sugar food & beverages market in 2021. Because more people now have access to smartphones and other such devices, which has led to an increase in the number of people using the internet. In addition, the rising desire among consumers across the world for the use of an online platform for grocery shopping is another factor that will help the expansion of the market throughout the projected period.
Based on the Product, the Reduced Sugar Food & Beverages Market is segmented into Bakery, Beverages, Confectionery, Dairy, Snacks, and Others. The beverages segment acquired the highest revenue share in the reduced sugar food & beverages market in 2021. Because there is a large demand around the world for sports and energy beverages that are better for consumers and have fewer added sugars. In addition, the growing demand for flavored waters and carbonated soft drinks that have lower levels of sugar and higher levels of minerals is another factor that is contributing to the expansion of the market.
| Report Attribute | Details |
|---|---|
| Market size value in 2021 | USD 45 Billion |
| Market size forecast in 2028 | USD 79.5 Billion |
| Base Year | 2021 |
| Historical Period | 2018 to 2020 |
| Forecast Period | 2022 to 2028 |
| Revenue Growth Rate | CAGR of 8.6% from 2022 to 2028 |
| Number of Pages | 193 |
| Number of Tables | 300 |
| Report coverage | Market Trends, Revenue Estimation and Forecast, Segmentation Analysis, Regional and Country Breakdown, Companies Strategic Developments, Company Profiling |
| Segments covered | Distribution Channel, Product, Region |
| Country scope | US, Canada, Mexico, Germany, UK, France, Russia, Spain, Italy, China, Japan, India, South Korea, Singapore, Malaysia, Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria |
| Growth Drivers |
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| Restraints |
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Region-wise, the Reduced Sugar Food & Beverages Market is analyzed across North America, Europe, Asia Pacific, and LAMEA. The North America segment garnered the highest revenue share in the reduced sugar food & beverages market in 2021. The primary factor that is driving this market is the rise in the number of diabetics living in this region, which has led to an increase in the demand for food items that contain less sugar in this region. According to the National Diabetes Statistics Report, there are approximately 37.3 million persons in the United States who are living with diabetes.
Free Valuable Insights: Global Reduced Sugar Food & Beverages Market size to reach USD 79.5 Billion by 2028
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include 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
By Product
By Geography
The global Reduced Sugar Food & Beverages Market size is expected to reach $79.5 billion by 2028.
Rising prevalence of obesity are driving the market in coming years, however, Concerns regarding the use of artificial sweeteners in medical research restraints the growth of the market.
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.
The expected CAGR of the Reduced Sugar Food & Beverages Market is 8.6% from 2022 to 2028.
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 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.
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