Sugar Free Mints Market

Global Sugar Free Mints Market Size, Share & Trends Analysis Report By Nature (Conventional, and Organic), By Flavor (Peppermint, Bubble Mint, Sweet Mint, Freeze Mint, and Others) By Distribution Channel, By Regional Outlook and Forecast, 2023 - 2030

Report Id: KBV-21721 Publication Date: April-2024 Number of Pages: 344
2022
USD 663.67 Million
2030
USD 1 Billion
CAGR
5.5%
Historical Data
2019 to 2021

Market Report Description

The Global Sugar Free Mints Market size is expected to reach $1 billion by 2030, rising at a market growth of 5.5% CAGR during the forecast period. In the year 2022, the market attained a volume of 7,223.24 tonnes, experiencing a growth of 6.1% (2019-2022).

The sweet and soothing flavor of mint has been associated with stress relief and relaxation. Thus, the sweet mint segment acquired $117.20 million in 2022. Also, the US market would consume 594.09 tonnes of sweet and soothing Sugar Free Mints by 2030. Sweet mint-flavored sugar-free mints offer a calming sensory experience, helping alleviate tension and promote well-being. Individuals may enjoy sweet mint mints as a convenient, portable, stress-relieving snack during busy or stressful periods.

Sugar Free Mints Market Size - Global Opportunities and Trends Analysis Report 2019-2030

Obesity is a major risk factor for developing diabetes and other chronic health conditions. As a result, individuals struggling with weight management often seek out low-calorie and sugar-free options to support their dietary goals. Therefore, the market is expanding significantly due to the increasing incidence of diabetes and obesity.

Additionally, Urbanization often leads to busier lifestyles, with individuals juggling work, school, and social commitments. As a result, there’s a higher demand for convenient and portable snack options that can be consumed on the go. Thus, because of the growing urbanization and on-the-go lifestyles, the sugar free mints market is anticipated to increase significantly.

However, Price-sensitive consumers may be reluctant to purchase sugar-free mints if they perceive them to be more expensive than traditional mints containing sugar. These consumers may prioritize affordability over other factors, such as health benefits or product quality, reducing sales volume and market demand for sugar-free mints. Thus, high price sensitivity can slow down the growth of the market.

Driving and Restraining Factors
Sugar Free Mints Market
  • Increasing incidence of diabetes and obesity
  • Growing urbanization and on-the-go lifestyles
  • Higher level of disposable income
  • High price sensitivity of sugar free mints
  • Lack of supply chain disruptions
  • Increasing number of senior citizens
  • Expansion of customization and personalization
  • Significant regulatory constraints issues
  • Adverse impact of sustainability concerns

By Flavor Analysis

Based on flavor, the market is classified into peppermint, sweet mint, bubble mint, freeze mint, and others. The bubble mint segment acquired a substantial 25% revenue share in the market in 2022. Bubble mint mints offer versatility beyond breath freshening. The fun and playful flavor profile suits them for snacking, stress relief, and flavor variety.

By Distribution Channel Analysis

On the basis of distribution channel, the market is divided into hypermarket & supermarket, pharmacies, specialty store, convenience store, and online store. In 2022, the hypermarket & supermarket segment dominated the market with 59% revenue share.

Sugar Free Mints Market Share and Industry Analysis Report 2022

By Nature Analysis

By nature, the market is categorized as organic and conventional. In 2022, the conventional segment held the highest 68% revenue share in the market. Conventional sugar-free mints are often more affordable than their organic counterparts, making them accessible to budget-conscious consumers.

Free Valuable Insights: Global Sugar Free Mints Market size to reach USD 1 Billion by 2030

By Regional Analysis

Region-wise, the market is analysed across North America, Europe, Asia Pacific, and LAMEA. In 2022, the North America region led the market by generating 35.3% revenue share. With the rise of diet trends such as low-carb, keto, and paleo diets, North America has a greater emphasis on reducing sugar intake and managing weight.

Sugar Free Mints Market Report Coverage
Report Attribute Details
Market size value in 2022 USD 663.67 Million
Market size forecast in 2030 USD 1 Billion
Base Year 2022
Historical Period 2019 to 2021
Forecast Period 2023 to 2030
Revenue Growth Rate CAGR of 5.5% from 2023 to 2030
Number of Pages 344
Number of Table 750
Quantitative Data Volume in Tonnes, Revenue in USD Billion, and CAGR from 2019 to 2030
Report coverage Market Trends, Revenue Estimation and Forecast, Segmentation Analysis, Regional and Country Breakdown, Porter’s 5 Forces Analysis, Company Profiling, Companies Strategic Developments, SWOT Analysis, Winning Imperatives
Segments covered Nature, Flavor, Distribution Channel, Region
Country scope
  • North America (US, Canada, Mexico, and Rest of North America)
  • Europe (Germany, UK, France, Russia, Spain, Italy, and Rest of Europe)
  • Asia Pacific (China, India, Japan, South Korea, Singapore, Malaysia, and Rest of Asia Pacific)
  • LAMEA (Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA)
Companies Included Ferrero International S.A., Mondelez International, Inc., Nestle S.A., Lotte Corporation, The Hershey Company, Mars, Inc., Ricola Group Ltd., Atkinson Candy Company, ChocZero, Inc., Perfetti Van Melle Group B.V.
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List of Key Companies Profiled

  • Ferrero International S.A.
  • Mondelez International, Inc.
  • Nestle S.A.
  • Lotte Corporation
  • The Hershey Company
  • Mars, Inc.
  • Ricola Group Ltd.
  • Atkinson Candy Company
  • ChocZero, Inc.
  • Perfetti Van Melle Group B.V.

Sugar Free Mints Market Report Segmentation

By Nature (Volume, Tonnes, USD Billion, 2019-2030)

  • Conventional
  • Organic

By Flavor (Volume, Tonnes, USD Billion, 2019-2030)

  • Peppermint
  • Bubble Mint
  • Sweet Mint
  • Freeze Mint
  • Others

By Distribution Channel (Volume, Tonnes, USD Billion, 2019-2030)

  • Hypermarket & Supermarket
  • Pharmacies
  • Convenience Store
  • Online Store
  • Specialty Store

By Geography (Volume, Tonnes, USD Billion, 2019-2030)

  • North America
    • US
    • Canada
    • Mexico
    • Rest of North America
  • Europe
    • Germany
    • UK
    • France
    • Russia
    • Spain
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Singapore
    • Malaysia
    • Rest of Asia Pacific
  • LAMEA
    • Brazil
    • Argentina
    • UAE
    • Saudi Arabia
    • South Africa
    • Nigeria
    • Rest of LAMEA

Frequently Asked Questions About This Report

This Market size is expected to reach $1 billion by 2030.

Increasing incidence of diabetes and obesity are driving the Market in coming years, however, High price sensitivity of sugar free mints restrictions issues restraints the growth of the Market.

Ferrero International S.A., Mondelez International, Inc., Nestle S.A., Lotte Corporation, The Hershey Company, Mars, Inc., Ricola Group Ltd., Atkinson Candy Company, ChocZero, Inc., Perfetti Van Melle Group B.V.

In the year 2022, the market attained a volume of 7,223.24 tonnes, experiencing a growth of 6.1% (2019-2022).

The Peppermint segment is leading the Market by Flavor in 2022; there by, achieving a market value of $350.8 Million by 2030.

The North America region dominated the Market by Region in 2022; there by, achieving a market value of $337.8 Million by 2030.

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