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The Sugar-Free Products Market is anticipated to reach $65.31 billion by 2029, growing at a CAGR of 6.2% from 2022 to 2029. This growth is driven by the increasing prevalence of diabetes, rising demand for low-calorie foods, and the implementation of sugar taxes on sugary beverages. However, the market’s growth may be restrained by the high cost of sugar-free products.
Leading Companies in the Sugar-Free Products Market
The Hershey Company (U.S.)
Founded in 1894 and based in Pennsylvania, The Hershey Company specializes in confectionery products across two main segments: Confectionery and Salty Snacks. Its sugar-free offerings, marketed through brands such as Lily’s, HERSHEY’S, and REESE’S, include chocolate bars, mints, candy, and more. The company has a global presence in over 80 countries with nearly 19,000 employees as of December 2021.
PepsiCo, Inc. (U.S.)
Headquartered in New York and established in 1965, PepsiCo produces beverages and snacks through segments like Frito-Lay North America and Quaker Foods North America. Its sugar-free offerings include beverages under Pepsi, Gatorade, and Propel brands. With a commitment to reduce sugar content by 25% by 2025 and by 50% by 2030, PepsiCo operates in over 200 countries with over 309,000 employees globally as of December 2021.
The Coca-Cola Company (U.S.)
Founded in 1892 in Georgia, Coca-Cola manufactures a wide range of beverages, including sugar-free drinks like Diet Coke and Sprite. With a presence in more than 200 countries, Coca-Cola employed approximately 79,000 people worldwide as of December 2021.
Nestlé S.A. (Switzerland)
Established in 1866 and headquartered in Vevey, Switzerland, Nestlé offers a diverse portfolio, including sugar-free chocolates and coffee creamers. With a reach in over 186 countries, Nestlé had about 273,000 employees as of December 2021.
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Mars, Incorporated (U.S.)
Based in Virginia and founded in 1911, Mars provides sugar-free products, including mints and gum under brands like ORBIT and EXTRA. Operating in more than 80 countries, the company has 130,000 employees globally as of 2021.
The Kraft Heinz Company (U.S.)
Formed in 2015 through a merger and headquartered in Illinois, Kraft Heinz offers sugar-free products under brands like Jell-O and CRYSTAL LIGHT. The company’s geographic reach extends across North America, Europe, and beyond, with 36,000 employees worldwide as of December 2021.
Mondelēz International, Inc. (U.S.)
Headquartered in Illinois and founded in 2012, Mondelēz’s sugar-free products include candy and gum under the Halls brand. It operates in over 150 countries and employs around 79,000 people as of December 2021.
LINDT & SPRUNGLI AG (Switzerland)
Established in 1845 and headquartered in Kilchberg, Switzerland, Lindt offers sugar-free chocolate through its Lindt Excellence line. With a distribution network across multiple regions, the company had 14,135 employees as of 2021.
Glanbia PLC (Ireland)
Founded in 1997 and based in Kilkenny, Glanbia provides sugar-free protein bars and pre-workout drinks. The company operates in more than 100 countries with approximately 8,071 employees.
Galletas Gullón S.A. (Spain)
Established in 1892 and headquartered in Palencia, Spain, Galletas Gullón manufactures sugar-free biscuits and wafers. The company serves over 120 countries and employs around 1,400 people.
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