Market Outlook

No sugar chocolate is mainly prepared from mixed cocoa butter, cocoa powder, and sugar to prepare a solid confectionery product. There are several varieties of chocolate classified in accordance with the amount of cocoa that is used to prepare a particular formulation. The changing dietary pattern, deskbound lifestyle, and increasing focus on healthy food and beverage products are the key factor behind the increasing demand for no sugar chocolate market. 

The trend of consumption of GMO-free, sugar-free, and fat-free started with the western nations and spread across the globe. Nowadays, consumers are trying to cut the sugar amount from their diets because of the rising incidences of several diseases. Excessive intake of sugar-based products leads to diabetes, strokes, obesity, mood swings, tooth decay, and CVDs among others. Hence, no sugar chocolate is facing a booming market across the globe.

As no sugar chocolate is one of the confectionery products, it contains all the other ingredients similar to the chocolates expect the sweetening agent.   Sugar substitutes such as fruit concentrates, agave nectar, stevia, and maltitol are mostly used to prepare no sugar chocolate as these sweetening agents do not hinder the blood sugar levels. Due to which, the demand for no sugar chocolate is on the surge among the diabetic population and is also anticipated to grow over the upcoming years.

Growing Demand for Sugar-free Confectionery Driving the No Sugar Chocolate Market Growth

With the continuous increase in weight management issues around the world, individuals have started to shift towards the intake of low-sugar or sugar-free products such as no sugar chocolates. Due to the overconsumption of sugar and carbohydrates diseases such as obesity, heart stroke, and diabetes may occur. Hence, consumers are focusing on the consumption of sugar-free products that is fostering the growth of no sugar chocolate market across the globe. In addition to this, the rise in income of middle-class families in emerging regions is ominously driving the no sugar chocolate market forward, and this is anticipated to endure over the forecast years. However, the hectic lifestyle of the consumers is one of the other factors to look out for, as this factor will also drive the no sugar chocolate market onward immensely over the upcoming years.

Global No Sugar Chocolate: Market Segmentation                                                                                                                                                                Based on nature, the global no sugar chocolate market has been segmented as-

  • Organic
  • Conventional

Based on sweetening agent, the global no sugar chocolate market can be segmented as-

  • Natural
  • Synthetic

Based on ingredients, the global no sugar chocolate market can be segmented as-

  • Cocoa Beans
  • Cocoa Butter
  • Sugar Substitute
  • Cocoa Liquor
  • Others (Oils & Fats)

Based on type, the global no sugar chocolate market can be segmented as-

  • Dark Chocolate
  • White Chocolate
  • Milk Chocolate

Based on sales channel, the global no sugar chocolate market can be segmented as-

  • B2B (Direct Sales)
  • B2C (Indirect Sales)
    • Store-based Retailing
      • Supermarket/Hypermarket
      • Convenience Stores
      • Groceries
      • Specialty Stores
      • Medical Stores
      • Other Retailing Formats
    • Online Retailing

Global No Sugar Chocolate Market: Key Players

The key manufacturers operating their business in no sugar chocolate market across the globe include The Kroger Co., Godiva Chocolatier, August Storck KG, Ghirardelli Chocolate, Lindt & Sprungli, Carbolite Foods, Inc., M&M's, Nestlé SA, Mars, Incorporated, Mondel?z International, Russell Stover, Ferrero SpA, and The Hershey Company among others.

For instance, in July 2019, the company Nestlé SA has introduced a zero-sugar product (no sugar chocolate) of its popular brand KitKat. The new launch under the KitKat brand is totally prepared from cocoa pulp and beans.   

Opportunities for Market Participants:        

The global confectionery sector is being continuously challenged by the shifting consumers’ trends, this because of the increasing prevalence of several sugar-based diseases. No sugar chocolates are highly desired by all age consumers because of its reduced sugar content. However, the prevailing sugar cut-off trend is creating prospects for the players operating their business in no sugar chocolate market. In addition to this, innovations in taste and flavor are the major aspect due to which consumers are more inclining towards no sugar chocolates.

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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No Sugar Chocolate Market

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