Sugar Free Mints Market Landscape Assessment by Type, Opportunities And Higher Growth Rate by 2033
The Sugar Free Mints Market is Expected to Increase from US$ 734 Million in 2023 to US$ 1302 Million by 2033 and is likely to record a CAGR of 5.9% during the forecast period.
Mints have been in the market for a long period and are frequently consumed by the population after drinking alcohol or smoking cigarettes to eliminate the bad smell from the mouth. Raising awareness of sugar consumption has sparked the demand for sugar free mints among the consumer base. Companies like The Wrigley Company, are producing sugar free mints for the global market with its brand Orbit.
North America is the key market for sugar free mints with a large portion of market share, as the population inclination towards sugar free mints is more than conventional chewing gums with high sugar content. Europe and the Asia Pacific are the trailing regions that have a high demand for sugar free mints after North America.
The Asia Pacific is the rapidly growing market with the highest growth rate anticipated in the forecasted period. Increasing product offerings and competitors are driving the regional market by extensively promoting and advertising for the product.
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Changing Lifestyle Boosting the Market
Increasing incidences of diabetes are the prime reason for the market shift to sugar free mints globally. Sugar free mints are usually made from sweetener xylitol, which gives a similar amount of sweetness to the mints as sugar and does not contribute to rising sugar intake in the diet. As regular mints contain a high level of sugar, it can elevate the tooth decay process and hence create a cavity, whereas sugar fewer mints are claimed to be tooth-friendly.
The consumer has now shown their rising demand for sugar free mints made from organic, clean ingredients. This influencing manufacturers to produce sugar free mints with botanical extract and authentic ingredients without compromising on the taste with different flavour innovation. Besides this demand for sugar free mint is growing gradually for its application in the bakery and confectionery
Sugar Free Mints: Key Players
are some of the prominent players in the global sugar free mints market.
Innovation and Developments in the Product to Gain Competitive Advantage
A large number of prominent players are focusing on the production of sugar free mints as consumer demand is rising, hence creating stiff competition among them. To gain a competitive advantage, manufacturers are strategizing to reduce the cost of production primarily by optimizing the supply chain and by achieving economies of scale. Distribution channel such as supermarket/hypermarket and pharmacies gives the product highest sales and hence strives to improve their presence in the segment.
Flavour innovation is another aspect of product development of sugar free mints that manufacturers are striving to achieve. More natural flavours are expected to enter the market owing to the reason that consumer readily shows its inclination towards the product that is a natural ingredient based and hence assumes it to be safe for consumption.
As competition is rising with prominent players like Mondel’z International, Nestle, and The Hershey Company in the market of sugar free mints, it is essential to maintain stringent rules and regulation by authorized institutions such as the U.S. Food and Drug Administration (FDA) and Food Safety and Standards Authority of India (FSSAI). Manufacturers have to follow the regulations and match the standards to ensure the quality and purity of the product.
The quality of the products is showcased by the manufacturers on the packaging of sugar free mints that become the first feature of the product that consumer sees and hence compares selects from the alternative. Owing to this manufacturers are innovating with the packaging of sugar free mints to gain a competitive advantage over others.
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Regional Analysis Includes:
The Sugar Free Mints 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 Mints market report projects the attractiveness of each major segment over the forecast period.
Sugar Free Mints: Market Segmentation
Sweetening agent :
Nature :
Flavor :
Distribution channel :
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Highlights of the Sugar Free Mints Market Report:
Future Market Insights, Inc. (ESOMAR certified, Stevie Award - recipient market research organization, and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market.
Jun 29, 2023
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