The sugar-free cookies market is estimated to secure a valuation of US$ 4.7 Billion in 2023 and is estimated to rise to US$ 8.5 Billion by 2033. The market is anticipated at a CAGR of 6.1% during the forecast period. the factor accelerating the demand for sugar-free cookies are as follows-
Changing consumer preference toward healthy eating has led manufacturers to focus on sugar-free cookies. The increasing diabetes problem owing to high sugar intake is expected to create demand for sugar-free cookies.
The increased disposable income and customer buying power resulted in an increased preference for premium food products boosting the sugar-free cookies market growth.
The increasing weight loss trend, for demand for low-calorie foods, due to the rise in concern regarding obesity and other chronic diseases is expected to fuel market growth in the upcoming years.
Regionally, North America is leading in the sugar-free cookies market as awareness about the product is considerably high in the region compared to other regions. Various key players in North America are focusing on increasing production capacity to fulfill the rising demand for sugar-free cookies in North America.
Apart from North America, the sugar-free cookies market is flourishing in the Asia Pacific region. The reason behind this is the increasing number of obese and diabetic populations, increasing health and wellness concerns, and the well-established food & beverage industry. Additionally, the growing disposable income and the presence of a huge customer base in the Asia Pacific region are contributing to market expansion
The key market players operating in the sugar-free cookies market are Nestle, Murray, Tedesco Group, Gelletas Gulln, Voortman cookies, Protiwise, Krunchy melts Brands, Baker Street, Lakanto, Fat snax, Good Dees, Tiffany, Arley S.L.U, Wellversed, The Ferrero Group, Pahal Food, and Burton’s food, among others.
The manufacturer of sugar-free cookies is focusing on increasing their footprints in the global market and trying to sell the products through different distribution channels to expand the consumer base and increase brand awareness. The key firms are also eager to commit to mergers, partnerships, and acquisitions to strengthen their presence and expand the consumer base.
Also, the increase in new product launches and innovative and engaging companions, and appealing product packaging are some of the tactics adopted by companies delivering sugar-free cookies.
In the coming years the sugar-free cookies market is expected to witness heightened competition as more companies enter the market and the existing players expand their product offerings. the start-ups are coming up with innovative products with a cost-effective range.
Data Point | Key statistics |
---|---|
Expected Market value in 2023 | US$ 4.7 Billion |
Projected Market Value in 2033 | US$ 8.5 Billion |
Growth Rate (2023 to 2033) | CAGR of 6.1% |
Cookies are the most common dessert snacks that are often consumed on the daily basis globally. Cookies are popular due to its sweet, sugary, and cakey texture. This sweet snack has undergone some changes as consumers’ consumption patterns are changing and preferring healthy snacks products due to which manufacturers are introducing sugar free cookies.
These sugar free cookies are flavoured similarly to regular cookies with a different sweetening agent.
In Asia Pacific, India is the country with the high population affected by diabetes, thus have a large potential consumer base for sugar free cookies market. Population of the Asia Pacific, have accepted consumption of sugar free cookies over the last few years due to product innovation and taste optimization of sugar free cookies which can be seen as the region has experienced hike in demand.
Owing to this changing perception, manufacturers have an advantage and can tap this market with a wide range of sugar free cookies products.
North America and Oceania are the leading in sugar free cookies market owing to increased product offering in these regions. In these regions the awareness of health and wellness is rising rapidly due to which consumers prefer sugar-free snacks products.
Manufacturers of sugar free cookies are developing products by eliminating the after taste caused due to artificial sweeteners because of which in these regions sugar free cookies market is expected to show significant growth rate in forecast period.
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High diabetes can cause various health complications such as cardiovascular diseases, kidney damage, eye damage, hearing impairment, and skin conditions etc. To avoid these health complications, it is important to monitor the sugar intake in daily diet to control the sugar level. Owing to this reason, the consumer base with diabetes will have a high demand for sugar free cookies in the near future.
Changing consumer preference can be seen in the market as consumption of sugar free cookies made from animal based ingredients is decreasing as compared to vegetarian or vegan ingredients, owing to increasing awareness of climate change and animal cruelty. Manufacturers are focusing on the product claims such as vegan, gluten-free, and allergen-free etc. to attract the large number of consumers.
Maintaining a healthy lifestyle and weight loss are another prime reasons for the rise in demand for sugar free cookies across the globe. Young population monitor sugar in their diet and try to regulate it as much as possible to maintain their weight. Sugar free cookies give young population a healthy alternative to sugar cookies by giving the same taste with the regulated nutritional requirement.
Some of the key players in the global sugar free cookies market are
The large number of players are entering into the sugar free cookies market due to which competition is getting intense in the sugar free cookies market. Manufactures of sugar free cookies are focusing on expanding their geographical presence as well as trying to sale their products through various distribution channels to increase the consumer base and brand awareness.
Online retail stores are expected to gain transaction in the forecast period.
Manufacturers are closely studying different types of sweetening agent used to make sugar free cookies as each sugar replacing agent reacts differently with different recipes. These sweetening agents must be under acceptable daily intake (ADI), as artificial sweeteners may cause adverse side-effects on high consumption.
Besides artificial sweeteners, manufacturers are also developing the product with natural sweetening agents owing to the reason that the consumer base is more inclined towards natural ingredients.
For gaining credibility and claiming the quality of the product and production process, manufacturers are focusing on achieving certification from authorized institutions such as FSSAI, US FDA, USDA. These claims and certifications are showcased on the packaging of the product that assists the consumer to differentiate the product from others and hence select the appropriate product.
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The sugar free cookies market report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases).
The report also features a complete qualitative and quantitative assessment by analysing data gathered from industry analysts and market participants across key points in the industry’s value chain.
A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the sugar free cookies market report projects the attractiveness of each major segment over the forecast period.
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