Portland, OR, Jan. 16, 2023 (GLOBE NEWSWIRE) -- According to the report published by Allied Market Research, the global sugar free mints market garnered $657.0 million in 2021, and is estimated to generate $1.2 billion by 2031, manifesting a CAGR of 5.8% from 2022 to 2031. The report provides an extensive analysis of changing market dynamics, major segments, value chain, competitive scenario, and regional landscape. This research offers a valuable guidance to leading players, investors, shareholders, and startups in devising strategies for the sustainable growth and gaining competitive edge in the market.
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Report coverage & details:
| Report Coverage | Details |
| Forecast Period | 2022–2031 |
| Base Year | 2021 |
| Market Size in 2021 | $657.0 million |
| Market Size in 2031 | $1.2 billion |
| CAGR | 5.8% |
| No. of Pages in Report | 270 |
| Segments covered | nature, flavor, distribution channel, and region |
| Drivers | Innovation, processing, and packaging |
| Surge in diabetes cases | |
| Rise in consumption of tobacco products, smoking & alcohol | |
| Opportunities | Rise in health awareness & consciousness among customers |
| Increase in awareness about oral care among the young & adult populations across the globe | |
| Restraints | Surge in prevalence of obesity |
Covid-19 Scenario:
- At-home consumption of sugar free mints increased while on-the-go consumption of sugar free mints declined due to the traveling restrictions imposed by the government.
- The e-commerce played a crucial role in the sales of sugar free mint during the lockdown period. Rapid penetration of online groceries and food deliveries across the developed and developing nations positively impacted the global sugar free mints market.
The research provides detailed segmentation of the global sugar free mints market based on nature, flavor, distribution channel, and region. The report discusses segments and their sub-segments in detail with the help of tables and figures. Market players and investors can strategize according to the highest revenue-generating and fastest-growing segments mentioned in the report.
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Based on nature, the conventional segment held the highest share in 2021, accounting for more than two-thirds of the global sugar free mints market, and is expected to continue its leadership status during the forecast period. However, the organic segment is expected to register the highest CAGR of 6.4% from 2022 to 2031.
Based on flavor, the peppermint segment accounted for the highest share in 2021, contributing to more than one-thirds of the global sugar free mints market, and is expected to maintain its lead in terms of revenue during the forecast period. However, the others segment is expected to manifest the highest CAGR of 7.1% from 2022 to 2031.
Based on distribution channel, the supermarket and hypermarket segment accounted for the highest share in 2021, holding more than four-fifths of the global sugar free mints market, and is expected to continue its leadership status during the forecast period. However, the pharmacies segment is estimated to grow at the highest CAGR of 6.5% during the forecast period.
Based on region, North America held the largest share in 2021, contributing to around one-third of the global sugar free mints market share, and is projected to maintain its dominant share in terms of revenue in 2031. In addition, the Asia-Pacific region is expected to manifest the fastest CAGR of 6.5% during the forecast period.
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Leading market players of the global sugar free mints market analyzed in the research include Albanese Candy, Atkinson Candy Co., Chocoladefabriken Lindt and Sprungli AG, ChocZero Inc., Continental Candy Industries B.V., Ferrero International S.A., Lotte Group, Mondelz International, Nestle S.A, Nova Chocolate, Perfetti Van Melle Group B.V., See Candy Shop, Inc., Sugarless Confectionery, The Hershey Company, The Wrigley Company.
The report provides a detailed analysis of these key players of the global sugar free mints market. These players have adopted different strategies such as new product launches, collaborations, expansion, joint ventures, agreements, and others to increase their market share and maintain dominant shares in different regions. The report is valuable in highlighting business performance, operating segments, product portfolio, and strategic moves of market players to showcase the competitive scenario.
About Us
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
