According to Future Market Insights research, during the projected forecast period, the Diet Candy market is expected to grow at a CAGR of 3.7%. The market value projected to increase is from USD 1,959.4 Million in 2022 to USD 2,817.8 Million by 2032. The Diet Candy market was valued at USD 1,867.9 Million at the end of 2021 and is expected to exhibit Y-o-Y growth of 4.9% in 2022.
| Attributes | Details |
|---|---|
| Market Size Value in 2022 | USD 1,959.4 Million |
| Market Forecast Value in 2032 | USD 2,817.8 Million |
| Global Growth Rate (2022 to 2032) | 3.7% CAGR |
| Forecast Period | 2022 to 2032 |
| USA market share of Diet Candy | 30.2% |
One of the main drivers of the expansion of the worldwide diet candy market in recent years has been the increased worry about weight gain in adults and children throughout the world, along with improved product testing and enhanced formulation. The usage of artificial sweeteners has significantly increased, opening up a few new possibilities for the texture, flavor, and aesthetic of diet sweets.
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In the Historical outlook of the Diet Candy market, the value increased from USD 1,542.6 Million in 2017 to USD 1,867.9 Million in 2021. The CAGR (2017 to 2021) is observed to be 4.9%.
During the projected period, a high CAGR is anticipated for the global diet candy market. It is expected that North America will dominate the global market for diet candies, followed by Asia Pacific and Europe. The favorable regulatory environment and FDA and USDA approval of various functional food products define the North American diet sweet food market. Over the course of the forecast period, the Asia-Pacific market is anticipated to develop at the greatest CAGR.
Due to the huge consumption of sweet products in the USA and Canada as well as the substantial presence of key players in the USA, North America dominates the diet candy market.
The USA contributes 30.2% of the total revenue for the Diet Candy Market.
Key selling points for Diet Candy in Europe include its flavor and convenience. Due to predicted sales growth, Europe has overtaken North America as the second-largest market. Consumer health consciousness has a significant impact on the region's industry's growth.
Germany contributes 24.1% to the Diet Candy market and UK CAGR for the forecast period is 4.8%.
Due to strong government initiatives, high investments, and supportive legislation, Asia-Pacific is predicted to grow rapidly between 2022 and 2032.
The availability of a broad variety of options and rising consumer disposable income in the Asia Pacific are two variables that are projected to propel the global Diet Candy market forward over the course of the forecast year.
Japan's contribution to the Diet Candy market is 7.2%of the total market share, India and China are market drivers in the Asia Pacific, and their latest CAGR in the Diet Candy market is 4.7% and 3.3% respectively.
Over the forecast period, the MEA Diet Candy market is anticipated to expand at a moderate rate. The factors driving the growth of the market for diet candy are urbanization, health consciousness, and disposable income.
From the Oceania region, Australia is contributing 2.5% of the total revenue of the Diet Candy market.
Principal Consultant
The main selling point of this item is its low sugar content. In the developed world, there is a big market for items with little sugar. Nutritive and nonnutritive sweeteners compete in the diet sweets market. Nutritive sweeteners have fewer calories and a softer sweet taste than nonnutritive sweeteners yet, are hundreds of times sweeter than sugar.
The diet candy market is continuing to grow as more and more people are looking for healthier alternatives to sugary snacks. This category of candy includes options that are lower in calories, fat, and sugar. While some diet candies may not taste as good as their full-sugar counterparts, manufacturers are constantly working to improve the flavor and quality of these products.
There are a variety of diet candies on the market, including gum, hard candy, chocolate, and gummies. Many of these products are available in both sugar-free and reduced-sugar versions. Diet hard candy is a popular choice for those who want a sweet treat without the guilt. Sugar-free gum is also a popular option, as it can help freshen breath and satisfies a sweet tooth.
Chocolate lovers can find plenty of options in the diet candy category as well.
Over the course of the forecast period, it is projected that consumer preferences would shift in favor of healthier foods with fewer calories and higher nutrient contents. The creation of sweets with shared advantages and affordable prices is probably going to have positive future possibilities for the global diet candy market.
During the projected period, it is anticipated that the worldwide diet candy market will continue to grow and attract new investments and deals. The most promising entrance ideas into the global diet candy industry may be found with the aid of the quickly expanding product and innovation trends. Customers in some regional diet candy markets are quite price agnostic, while in other cases they are prepared to buy because they see diet sweets as an inexpensive luxury.
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The diet candy market is extremely competitive on a worldwide scale, with a great number of domestic companies only grabbing a small percentage of the market due to the nature of the market and almost no entry hurdles. Launching a new product has evolved into the most crucial approach among all due to the market's quick development.
The primary strategy used by businesses is expansion, which is followed by mergers and acquisitions. Global firms have succeeded in strengthening their position with significant market shares through this effort.
| Attribute | Details |
|---|---|
| Forecast Period | 2022 to 2032 |
| Historical Data Available for | 2017 to 2022 |
| Market Analysis | USD Million for Value and Units for Volume |
| Key Regions Covered |
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| Key Countries Covered |
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| Key Segments Covered |
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| Key Companies Profiled |
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| Report Coverage | Drivers, Restraints, Opportunities and Threats Analysis, Market Forecast, Company Share Analysis, Market Dynamics and Challenges, Competitive Landscape, and Strategic Growth Initiatives |
| Customization & Pricing | Available upon Request |
The global Diet Candy market will reach a valuation of USD 1,959.4 Million by the end of 2022.
The USA Diet Candy Market is contributing 30.2% of total market share which values at USD 591.7 Million.
USA, Canada, Germany, UK, France, Russia, China, Japan, South Korea, India, Australia, UAE, Saudi Arabia, Oman are the major countries driving demand for Diet Candy Market.
The Germany Diet Candy Market is contributing 24.1% of total market share which values at USD 472.2 Million.
• Perfetti Van Melle Group BV • Mondelez International Inc. • The Hershey Company • Mars Incorporated • Nestle Above are the top 5 market players in Diet Candy industry.
The Japan Diet Candy market contribution is 7.2% of total market share.
The India Diet Candy market will grow at 4.7% CAGR between 2022 and 2032.
The global Diet Candy market is forecasted to surpass USD 2,817.8 Million by the end of 2032.
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Diet Candy Market
