Global Sugar Free Cookies Market to Reach $10.3 Billion by 2031: Allied Market Research
Rising cases of diabetes in countries such as China, India, and Brazil to boost the global sugar free cookies market growth trends. The outbreak of the COVID-19 pandemic had negatively impacted the growth of the global market, owing to lack of availability of raw materials due to supply chain disruptions, lack of availability of labor, and complete or partial closure of manufacturing units.
Portland, OR, Nov. 09, 2022 (GLOBE NEWSWIRE) -- According to the report published by Allied Market Research, the global sugar free cookies market generated $5.5 billion in 2021, and is projected to reach $10.3 billion by 2031, growing at a CAGR of 6.7% from 2022 to 2031. The report offers a detailed analysis of the top winning strategies, evolving market trends, market size and estimations, value chain, key investment pockets, drivers & opportunities, competitive landscape, and regional landscape. The report is a useful source of information for new entrants, shareholders, frontrunners, and shareholders in introducing necessary strategies for the future and taking essential steps to significantly strengthen and heighten their position in the market.
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Report coverage & details:
| Report Coverage | Details |
| Forecast Period | 2022–2031 |
| Base Year | 2021 |
| Market Size in 2021 | $5.5 billion |
| Market Size in 2031 | $10.3 billion |
| CAGR | 6.7% |
| No. of Pages in Report | 260 |
| Segments Covered | Product, Type, Sweetener, Nature, and Region. |
| Drivers | Rising cases of diabetes in countries such as China, India, and Brazil. |
| Rising popularity of sugar free cookies across the globe. | |
| |
Surge in consumer expenditure on health and wellness products. |
| Opportunities | Rise in occurrence of various chronic ailments owing to intake of sugar, processed diet, and chemical-based food ingredients. |
| |
Increase in awareness among customers pertaining to ill-effects of sugar-based food products on health of individuals in the long run. |
| Restraints | Easy availability of substitute products such as wafers, biscuits, chocolate bars, and crackers. |
| |
Access to healthy and functional food & beverages. |
COVID-19 Scenario:
- The outbreak of the COVID-19 pandemic had negatively impacted the growth of the global sugar free cookies market, owing to lack of availability of raw materials due to supply chain disruptions, lack of availability of labor, and complete or partial closure of manufacturing units.
- However, thriving e-commerce activities during the COVID-19 pandemic significantly increased sales of sugar free cookies during the lockdown period.
The report offers a detailed segmentation of the global sugar free cookies market based on product, type, sweetener, nature, and region. The report provides a comprehensive analysis of every segment and their respective sub-segment with the help of graphical and tabular representation. This analysis can essentially help market players, investors, and new entrants in determining and devising strategies based on the fastest-growing segments and highest revenue generation that is mentioned in the report.
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Based on sweetener, the aspartame segment held the major market share in 2021, holding more than one-third of the global sugar free cookies market share, and is expected to maintain its leadership status during the forecast period. However, the sucralose segment, is expected to cite the fastest CAGR of 7.6% during the forecast period.
On the basis of nature, the conventional segment held the largest market share in 2021, accounting for nearly 90% of the global sugar free cookies market share, and is expected to maintain its leadership status during the forecast period. Nevertheless, the organic segment, is expected to cite the highest CAGR of 8.0% during the forecast period.
In terms of product, the bar segment held the major market share in 2021, contributing to nearly one-third of the global sugar free cookies market share. However, the others segment is expected to maintain its leadership position in terms of revenue and cite the fastest CAGR of 7.3% during the forecast period.
Based on type, the others segment held the major market share in 2021, contributing to more than two-fifths of the global sugar free cookies market share, and is expected to maintain its leadership position during the forecast period. However, the oatmeal raisin segment, is expected to cite the fastest CAGR of 7.6% during the forecast period.
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Region-wise, the North American region held the major market share in 2021, holding nearly two-fifths of the global sugar free cookies market share and is expected to maintain its leadership status during the forecast period. However, the Asia-Pacific region is expected to cite the fastest CAGR of 7.7% during the forecast period. The report also analyses other regions such as Europe and LAMEA.
The key players analyzed in the global sugar free cookies market report include Aunt Gussie’s Cookies & Crackers, Baker Street, Bisk Farm, Burton’s Biscuit Company, Diabliss Consumer Products Pvt, Ltd., Fat Snax, Galletas Gullon, Good Dees, Helwa Wafelbakkerji, Kravour Food Pvt, Ltd., and Nutri Value, NutroActive, Unibic, Voortman Bakery, and Wellversed.
The report analyzes these key players in the global sugar free cookies market. These market players have made effective use of strategies such as joint ventures, collaborations, expansion, new product launches, partnerships, and others to maximize their foothold and prowess in the industry. The report is helpful in analyzing recent developments, product portfolio, business performance, and operating segments by prominent players in the market.
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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.
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