Natural and artificial sweeteners are used in the production of premium sugar free chocolate products having negligible to zero per gram calorie value. Demand from health-conscious population is boosting the demand of the market. Increasing adoption is also driving the growth of the market. Adoption of sweeteners such as saccharin which is 200-700 times sweeter and neotame which is 7,000-13,000 times sweeter than sugar can provide vast array of opportunities to the global premium sugar free chocolate market during the forecast period 2018–2025
Milk chocolate segment is holding the largest share of the global sugar-free chocolate market
Rising disposable income of people across the globe is one of the key factors driving the milk chocolate segment growth further. Moreover, the availability of several variants of sugar-free milk chocolate including nuts, almonds, orange, and exotic fruits such as blueberry & blackberry in the market is fuelling the market growth.
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Stevia is expected to grow at a healthy CAGR of 6.7%
Based on the ingredient, the global sugar-free chocolate market is segmented into stevia, erythritol, maltitol, and others. Stevia is expected to grow at a healthy CAGR of 6.7% due to increasing demand for zero calorie content. Maltitol accounted for USD 1,190.5 million in 2017 and is expected to reach USD 654.14 million by 2025. Erythritol segment is anticipated to grow at a significant CAGR of 5.9%. The others ingredient segment is likely to account for the least market share owing to high-calorie content as compared to other sweeteners.
Expansion of Major Players in Asia Pacific Region driving the growth of the market
Sugar-free chocolate market is flourishing in the developed regions including North America and Europe due to the strong presence of global players and a huge base of chocolate consumers. Whereas, it is in the initial phase in the emerging regions including Asia Pacific, Latin North America, and the Middle East & Africa. In the emerging region, major players are experiencing sound growth due to increasing awareness among people regarding healthy chocolate options like sugar-free chocolates. Lindt & Sprungli AG, Russell Stover Chocolates, LLC, The Hershey Company, Chocolates Torras, S.A., and Delaviuda are some of the leading players in the global sugar-free chocolate market. Global players in the market distribute their products through distribution partners and e-commerce channels across the globe.
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