Pune, India -- (SBWIRE) -- 11/20/2017 -- Market Overview
Chocolate is derived from cocoa, mixed cocoa butter and sugar or sugar substitutes to produce a solid confectionery. There are several types of chocolate, classified according to the proportion of cocoa used in a particular formulation. The labelling of ingredients and subject to international governmental regulation. With changing lifestyle and evolving dietary pattern, healthy food & beverages plays an important role in defining the consumers' food choices in the modern world. The trend of consumption of sugar-free, fat-free, GMO-free and others began in western world and spread to other regions rapidly. Today's consumer is eager to try low-sugar or sugar-free products, but not at the expense of enjoyment, not least when it comes to chocolate.
Maltitol probably the best substitute for sugar - not only provides sweetening power virtually identical to sugars, but does it with little more than half the calories. This will delight confectionery gourmets with waistline worries and chocolate addicts trying to reduce their sugar intake. The sweet taste of maltitol, combined with physico-chemical characteristics similar to those of sucrose, make it the most effective substitute for sugar in many applications and especially in the manufacture of chocolate. Thus making chocolate healthy and guilt-free. Sugar free chocolates are not only healthy for diabetics' patients but also helps consumers achieve their weight loss target without giving up the food they love. Hence, these factors will support the growth of this market during the forecast period. Globally the market (Volume) for sugar-free chocolate is estimated to grow at the rate of about 6.85 % from 2017 to 2023.
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Major Key Players:
This report includes a study of strategies used in the market, mergers and acquisitions in sugar-free chocolate, multiple product launch by sugar-free chocolate market players. It further includes product portfolios and developments of leading major players which includes
- Guilin (Belgium)
- Ghirardelli Chocolate Company (U.S.)
- Think Thin (U.S.)
- Lindt & Sprüngli (France)
- Hershey (U.S.)
- Godiva Chocolatier (U.S.)
- Russell stover (U.S.)
Global Sugar-Free Chocolate Market is mainly occupied by some key manufacturers. The competitive environment in this market is estimated to increase, with an increase in product portfolio from current key players. Most of the companies operating in this market are focusing on expanding its operations across the geographies, augmenting its capabilities and investing in research and development to offer products with better functionality.
Regional Analysis
The Global Sugar-Free Chocolate Market is segmented into North America, Europe, Asia Pacific, and rest of the world (ROW). Among these, Europe is expected to retain its dominance throughout the forecast period. The market is projected to grow at a steady pace in the review period. APAC will be the fastest growing region in the sugar-free chocolate market and high growth in emerging economies such as China, India, Japan and ASEAN countries. Latin American countries, offers ample opportunities for expansion to major players. The high consumption of processed and convenience food products in growing economies of Asia-Pacific and Latin America.
Key Findings
- Non- Store based segment is anticipated to account the maximum market share in the Global sugar-free chocolate market throughout the forecast period of 2017-2023.
- The Dark sugar free chocolate segment is projected to register the higher growth rate during the forecast period of 2017 to 2023.
- In APAC region China dominates the market, followed by Thailand
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List of Figures
FIGURE 1 Primary Research Process 21
FIGURE 2 Secondary Research Process: Top Down & Bottom Up Approach 22
FIGURE 3 Forecast Model 23
FIGURE 4 Market Segmentation: Global Sugar Free Chocolate Market 25
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