Home Food & Beverages Premium Sugar Free Chocolate Market Size, Demand, Size, & Growth to 2032

Premium Sugar Free Chocolate Market

Premium Sugar Free Chocolate Market Size, Share & Trends Analysis Report By Type (Dark Chocolate, Milk Chocolate, White Chocolate), By Ingredient (Stevia, Erythritol, Maltitol, Others), By Distribution Channel (Convenience Store, Super Market, Online Stores, Other) and By Region(North America, Europe, APAC, Middle East and Africa, LATAM) Forecasts, 2024-2032

Report Code: SRFB418DR
Study Period 2020-2032 CAGR 9.6%
Historical Period 2020-2022 Forecast Period 2024-2032
Base Year 2023 Base Year Market Size USD 1.6 Billion
Forecast Year 2032 Forecast Year Market Size USD 3.6 Billion
Largest Market North America Fastest Growing Market Europe
The sample report only takes 30 secs to download, no need to wait longer.

Market Overview

The global premium sugar free chocolate market size was valued at USD 1.6 billion in 2023 and is projected to reach a value of USD 3.6 billion by 2032, registering a CAGR of 9.6% during the forecast period (2024-2032).

Premium sugar-free chocolates are prepared using sweeteners such as maltitol, stevia, erythritol, and others. These chocolates have very low or zero caloric value and thus are favored by health-conscious people across the globe as compared to conventional chocolates. Sugar-free dark chocolates are expected to experience swift growth in upcoming years owing to the health benefits exhibited by them in comparison to their substitutes. Worldwide Surge in the number of health-conscious demographic and launch of new premium sugar free chocolate products with improved sweeteners are the key factors driving the market.

Market Dynamics

Surge in Awareness Due to Rise in Number of Health-Conscious Demographic

  • Awareness regarding premium sugar free chocolates and zero calorie sweeteners used in the production of premium sugar free chocolates is rising every year owing to the heavy investments in advertisement and marketing campaigns by major players in the market
  • Number of health-conscious people in the world is rapidly increasing due to growing number of diseases associated with unhealthy food habits, thus driving the market across the globe
  • Moreover, availability of the several products in the premium sugar free chocolate segment is expected to support the premium sugar free chocolate market growth during the forecast period 2018–2025.

Regional Analysis

Global premium sugar free chocolate market by Americas, Asia Pacific, Europe, and the Middle East and Africa.

North America is dominating the market. Sugar-free chocolate sales in the U.S. has increased in the last few years owing to rising awareness regarding sugar-free chocolates and an increased number of health-conscious people. Launch of new sugar-free premium chocolate products with new ingredients and sweeteners boosted the market growth in North America in 2017. In addition, Attractive product marketing and advertisement campaigns are the key factors driving the market growth in Canada.

Europe is second leading region in the forecast period. This can be attributed to high chocolate consumption in the region. Top 5 chocolate consumer countries in the world are present in Europe where an average person consumes approximately 24 pounds of chocolate every year. However, it varies further as per the country in the region. Moreover, Europe is the largest producer and consumer of chocolates and sugar-free chocolate products including milk, dark, and white chocolates. Sugar-free chocolate market in Europe is on the rise owing to the presence of world-renowned companies including Lindt & Sprungli AG, Chocolates Valor, S.A., Torras, and others in the region.

Middle East & Africa sugar-free chocolate market has been experiencing considerable growth in the last few years owing to vigorously growing tourist inflow. Major players in the Middle East & Africa are focusing on strengthening their duty-free and retail travel segments for further sales growth. Constantly growing focus on marketing campaigns is another factor supporting the market growth in the region, and the market is expected to report steady growth over the forecast period 2018–2025.

Report Scope

Report Metric Details
Segmentations
By Type
  1. Dark Chocolate
  2. Milk Chocolate
  3. White Chocolate
By Ingredient
  1. Stevia
  2. Erythritol
  3. Maltitol
  4. Others
By Distribution Channel
  1. Convenience Store
  2. Super Market
  3. Online Stores
  4. Other
Company Profiles Lindt & Sprungli AG Delaviuda Chocolates Torras, S.A LILYS SWEETS The Hershey Company Chocolat Stella SA Cavalier NV Yildiz Holding (Godiva Chocolatier, Inc.)
Geographies Covered
North America U.S. Canada
Europe U.K. Germany France Spain Italy Russia Nordic Benelux Rest of Europe
APAC China Korea Japan India Australia Taiwan South East Asia Rest of Asia-Pacific
Middle East and Africa UAE Turkey Saudi Arabia South Africa Egypt Nigeria Rest of MEA
LATAM Brazil Mexico Argentina Chile Colombia Rest of LATAM
Report Coverage Revenue Forecast, Competitive Landscape, Growth Factors, Environment & Regulatory Landscape and Trends
Need a Custom Report?

We can customize every report - free of charge - including purchasing stand-alone sections or country-level reports

Segmental Analysis

For a better understanding of the global premium sugar free chocolate market, we have segmented the market by type, ingredient and distribution channel.

Based on types, the global sugar-free chocolate market is segmented into the dark, milk, and white chocolate. In the last few years, the demand for dark chocolates has increased significantly owing to the health benefits that it offers and is expected to grow at a healthy CAGR of 7.0% during the forecast period. Moreover, the milk chocolate segment is projected to hold the largest market share as it is the highly preferred chocolate by consumers. The white chocolate segment is expected to account for the least share of the market due to added milk and milk product ingredients during chocolate production. Demand for sugar-free dark chocolate is rising across the globe due to leaning trend towards a healthy lifestyle in the regions including North America, Europe, and Asia Pacific.

Market Size By Type

Top Key Players

Premium Sugar Free Chocolate Market Share of Key Players

Lindt & Sprungli AG Delaviuda Chocolates Torras, S.A LILYS SWEETS The Hershey Company Chocolat Stella SA Cavalier NV Yildiz Holding (Godiva Chocolatier, Inc.)

Frequently Asked Questions (FAQs)

What is the growth rate for the Premium Sugar Free Chocolate Market?
Premium Sugar Free Chocolate Market size will grow at approx. CAGR of 9.6% during the forecast period.
Some of the top industry players in the Market are, Lindt & Sprungli AG, Delaviuda, Chocolates Torras, S.A, LILY'S SWEETS, The Hershey Company, Chocolat Stella SA, Cavalier NV, Yildiz Holding (Godiva Chocolatier, Inc.), etc.
North America has held a dominant position in the Market, with the largest market share.
The Europe region has experienced the highest growth rate in the Market.
The global Market report is segmented as follows: By Type, By Ingredient, By Distribution Channel


We are featured on :