Sugar-Free Beverages Market Overview

The Sugar-Free Beverage Market will acquire a CAGR of 7.23% and a significant value in the forecast period between 2023 to 2030.

A healthy substitute for sugar-based beverages is sugar-free beverages. The increased cases of obesity and high blood sugar levels are the reason behind the growth of the Sugar-Free Beverages Market. Sugar-free beverages are considered the best alternatives for sugar-based.

The sugar-free beverages market in Canada is experiencing significant growth, driven by increasing health awareness and the rising prevalence of lifestyle-related diseases such as obesity and diabetes. Canadian consumers are showing a strong preference for healthier beverage options, leading to a rising demand for sugar-free products. The market is characterized by a growing trend towards clean-label and naturally sweetened beverages. Major players are focusing on product innovation, offering a wide range of sugar-free sodas, juices, teas, and energy drinks. The expansion of distribution channels, including supermarkets, health food stores, and online retail platforms, is enhancing market accessibility. Regulatory support for sugar reduction initiatives and the availability of a wide range of sugar substitutes are further boosting consumer confidence in sugar-free beverages. However, challenges such as high production costs and competition from traditional sugary beverages may restrain market growth. Despite these challenges, the Canadian sugar-free beverages market is poised for continued growth, supported by evolving consumer lifestyles and increasing awareness of the health benefits of reducing sugar intake.

The demand and love for fizzy carbonated drinks like seltzer, energy drinks, sparkling water, sports drinks, and soft drinks with health concerns are driving the sugar-free beverages market. The sugar content in regular carbonated drinks is harmful to health. Due to this, the consumers are inclined toward the sugar-free substitute of carbonated drinks. Higher sugar consumption leads to obesity and various health risks relating to diseases like diabetes, high blood pressure, heart disease, and certain cancers. Major growth factors such as the increased rate of health consciousness and health awareness among the global population are boosting the Sugar-Free Beverages Market demand. The desire of the young generation to look active and fit is another major driver fueling up the market.

The higher growth of fast-food chains such as KFC, Domino's, and Burger King exponentially contributes to the market's growth. These fast-food chains are increasing the sales of sugar-free beverages.

Competitive Landscape

The most prominent major key players in the sugar-free beverages market all across the globe are mentioned below:

The Kraft Heinz Company (US)

PepsiCo (US)

The Coca-Cola Company (US)

Unilever (UK)

Nestle (Europe)

Mars Inc. (US)

The Hershey Company (US)

Market Segments

The Sugar-Free Beverages Market is segmented based on product type, claims, and distribution channel.

The product type segment is bifurcated into energy drinks, soft drinks, dairy beverages, fruits and vegetable juices, and others. Fruits and vegetable juices capture the largest market share in the market due to their health benefits.

The claim segment of the market is categorized into organic, gluten-free, lactose-free, and others. The organic segment holds the largest market share due to consumers' rise in dependency on natural products and preservative-free products.

The distribution channel of the market has various channels, such as store-based physical channels and non-store-based distribution channels. The store-based channel captures the largest market share due to improving retail format.

Industry News

In October 2021, Beyond Better Foods released the latest edition of sugar-free cookie lines. It is available in three variants: P.B. chocolate chunk, chocolate chip, and double chocolate. The new products are made with zero grams of added sugar.

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