“Global Sugar Free Mints Market to reach a market value of USD 1 Billion by 2030 growing at a CAGR of 5.5%”
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.
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.
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.
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.
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
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.
| 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 |
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| 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. |
By Nature (Volume, Tonnes, USD Billion, 2019-2030)
By Flavor (Volume, Tonnes, USD Billion, 2019-2030)
By Distribution Channel (Volume, Tonnes, USD Billion, 2019-2030)
By Geography (Volume, Tonnes, USD Billion, 2019-2030)
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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