According Future Market Insights forecasts that the Diet Candy marketwill achieve a 3.7% compound annual growth rate (CAGR) during the projected period. The market value is anticipated to rise from USD 1,959.4 Million in 2022 to USD 2,817.8 Million by 2032. In 2021, the Diet Candy market was valued at USD 1,867.9 Million, with an expected year-on-year (Y-o-Y) growth of 4.9% in 2022.
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The global diet candy market has seen significant growth in recent years, driven by rising concerns about weight gain among both adults and children worldwide. This expansion is further supported by advancements in product testing and formulation. Increased use of artificial sweeteners has also played a crucial role, offering new opportunities to enhance the texture, flavor, and overall appeal of diet confections.
From 2017 to 2021, the Diet Candy market demonstrated robust growth, with its value increasing from USD 1,542.6 Million to USD 1,867.9 Million, achieving a compound annual growth rate (CAGR) of 4.9%.
Looking ahead, the global diet candy market is projected to experience a significant CAGR. North America is expected to lead the market, followed by Asia Pacific and Europe. The North American market benefits from a favorable regulatory environment, with FDA and USDA approvals enhancing the market for functional food products, including diet sweets. Meanwhile, the Asia-Pacific region is anticipated to exhibit the highest CAGR over the forecast period, reflecting its growing market development.
Competitive Landscape
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.
Key Companies Profiled:
- Perfetti Van Melle Group BV
- Mondelez International Inc.
- The Hershey Company
- Mars Incorporated
- Nestle
- Carmit Candy
- Russell Stover
- Tootsie Roll
- TruJoy Sweets
- Toms Confectionary
- Canel
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Segmentation of Diet Candy market
Segmentation by Type:
- Sugar Candy
- Hard Candy
- Chewy Candy
- Diet Chocolate
Segmentation by Sales Channel:
- Online Retailers
- Supermarkets/Hypermarkets
- Independent Retailers
- Convenience Stores
- Specialty Stores
- Service Stations
Segmentation by Region:
- North America
- Latin America
- Europe
- Asia Pacific
- Middle East and Africa (MEA)
- RoW
Frequently Asked Questions
What is the market size of Diet Candy?
The global Diet Candy market will reach a valuation of USD 1,959.4 Million by the end of 2022.
What is the USA, Diet Candy Market Outlook?
The USA Diet Candy Market is contributing 30.2% of total market share which values at USD 591.7 Million.
Which are the major countries driving demand for Diet Candy Market?
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.
What is the Germany, Diet Candy Market Outlook?
The Germany Diet Candy Market is contributing 24.1% of total market share which values at USD 472.2 Million.
Who are the top 5 players operating in the market?
- 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.
What is the contribution of Japan in Diet Candy market?
The Japan Diet Candy market contribution is 7.2% of total market share.
At What Rate Will Diet Candy market Grow in India?
The India Diet Candy market will grow at 4.7% CAGR between 2022 and 2032.
What is the demand outlook forecast for the Diet Candy market?
The global Diet Candy market is forecasted to surpass USD 2,817.8 Million by the end of 2032.
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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