TOP 10 COMPANIES IN SUGAR-free PRODUCTS MARKET

The Sugar-free Products Market is projected to reach $65.31 billion by 2029, at a CAGR of 6.2% from 2022 to 2029. The steady growth of this market is attributed to the rising incidence rate of diabetes, the rising demand for food with low calories, and sugar taxes imposed on sugary drinks. However, the high cost of sugar-free products is expected to hinder the growth of this market to a notable extent.

Here are the top 10 companies operating in the Sugar-free Products Market

The Hershey Company (U.S.)

Founded in 1894 and headquartered in Pennsylvania, U.S., The Hershey Company is engaged in manufacturing confectionery products. The company operates through two segments, namely, Confectionery and Salty Snacks. It offers sugar-free products through brands such as Lily’s, HERSHEY’S, ICE BREAKERS, JOLLY RANCHER, TWIZZLERS, REESE’S, YORK, and BREATH SAVERS. The company’s sugar-free product portfolio includes chocolate bars, mints, gums, chocolate chips, candy, twists, chocolate peanut butter cups, chocolate patties, and snacks.

With a strong distribution network in more than 80 countries, the company has a strong geographical presence across North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. As of December 2021, the company had 18,990 employees worldwide.

PepsiCo, Inc.  (U.S.)

Founded in 1965 and headquartered in New York, U.S., PepsiCo is engaged in producing beverages and snacks. The company operates through seven business segments, namely, PepsiCo Beverages North America (PBNA), Frito-Lay North America (FLNA), Europe, Latin America (LATAM), Africa, Middle East, and South Asia (AMESA), Asia Pacific, Australia and New Zealand and China Region (APAC), and Quaker Foods North America (QFNA). PepsiCo’s product portfolio comprises a wide range of enjoyable foods and beverages, including iconic brands such as Lay’s, Doritos, Cheetos, Gatorade, Pepsi-Cola, Mountain Dew, Quaker, and SodaStream.

The company offers sugar-free products, sugar-free beverages, and nutrition and health supplements products through the PepsiCo Beverages North America (PBNA) segment, including brands Pepsi, Sierra Mist, Brisk, Muscle Milk, Mountain Dew, Starbucks, Gatorade, and Propel. The company is now focusing on reducing sugar levels by 25% by 2025 and cutting 50% sugar by 2030.

With its strong distribution network in more than 200 countries, the company has a geographical presence across North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. As of December 2021, the company had a headcount of more than 309,000 employees globally.

The Coca-Cola Company (U.S.)

Founded in 1892 and headquartered in Georgia, U.S., Coca-Cola is engaged in manufacturing and marketing beverages. It offers sugar-free beverages and nutrition and health supplements through its brands, such as Ciel, Coca-Cola, DASANI, Diet Coke, Fanta, FRESCA, Minute Maid, POWERADE, Schweppes, and Sprite. The company’s product portfolio includes sparkling soda, coffee, flavored drinks, and nutrition and health supplement drinks.

With its subsidiaries and strong distribution network in more than 200 countries, the company has a geographical presence across North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. As of December 2021, the company had a headcount of 79,000 employees globally.

Nestlé S.A. (Switzerland)

Founded in 1866 and headquartered in Vevey, Switzerland, Nestlé is a multinational packaged food company that manufactures and markets a wide range of food products. The company’s product line includes milk, chocolate, confectionery, bottled water, coffee, creamer, food seasoning, and pet foods. Nestlé operates through seven business segments, namely, Powdered & Liquid Beverages, Nutrition & Health Science, Milk Product & Ice Cream, PetCare, Prepared Dishes & Cooking Aids, Confectionery, and Water.  Its sugar-free products include chocolate bars, sugar-free coffee creamer, and no-sugar-added hot chocolate mix.

With its subsidiaries and a strong distribution network in over 186 countries, the company has a geographical presence across North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. As of December 2021, the company had a headcount of 2,73,000 employees globally.

Mars, Incorporated (U.S.)

Founded in 1911 and headquartered in Virginia, U.S., Mars is a leading manufacturer of candy and confectionery products. The company operates through four business segments, namely, Petcare, Mars Wrigley, Food, and Edge. It offers sugar-free products through the Mars Wrigley segment. This segment provides sugar-free mints and flavored sugar-free chewing gums through its brands ORBIT, EXTRA, Eclipse Spearmint, and 5.

With a strong distribution network, the company has a geographical presence across North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. As of 2021, the company had 130,000 employees in over 80 countries.

Meticulous Research in its latest publication on Sugar-free Products Market has predicted the growth of 6.2% during the forecast year 2022-2029.

The Kraft Heinz Company (U.S.)

Founded in 2015 and headquartered in Illinois, U.S., The Kraft Heinz Company is engaged in manufacturing food & beverages. In 2015, Kraft Foods Group, Inc. (‘Kraft’) merged with a wholly owned subsidiary of H.J. Heinz Holding Corporation (‘Heinz’). Later on, Heinz was renamed The Kraft Heinz Company, and H. J. Heinz Company changed its name to Kraft Heinz Foods Company.

The company offers products through six categories, namely, Taste Elevation, Easy Meals Made Better, Real Food Snacking, Fast Fresh Meals, Easy Indulgent Desserts, and Flavorful Hydration. It operates through brands such as Kraft, Heinz, ABC, Capri Sun, Classico, Jell-O, Kool-Aid, Lunchables, Maxwell House, Ore-Ida, Oscar Mayer, Philadelphia, Planters, Plasmon, Quero, Weight Watchers Smart Ones, and Velveeta. The company offers sugar-free products through its brand Jell-O and CRYSTAL LIGHT.

Kraft Heinz has 79 manufacturing and processing facilities and a geographical presence across North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. As of December 2021, the company had a headcount of 36,000 employees worldwide.

Mondelēz International, Inc. (U.S.)

Founded in 2012 and headquartered in Illinois, U.S., Mondelēz is engaged in manufacturing and selling snacks. The company’s product portfolio includes biscuits, chocolate, gum & candy, powdered beverage products, and various types of cheese & groceries. Mondelez operates through different brands, including snack brands, such as Cadbury, Milka and Toblerone for chocolate; Oreo, belVita and LU for biscuits; Halls for candy; Trident for gum; and Tang for powdered beverages. The company operates in the sugar-free products market through its brand named Halls.

With its subsidiaries and strong distribution network in over 150 countries, the company has a geographical presence across North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. As of December 2021, the company had a headcount of 79,000 employees worldwide.

LINDT & SPRUNGLI AG (Switzerland)

Founded in 1845 and headquartered in Kilchberg, Switzerland, Lindt is engaged in the production and marketing of dark, white, and milk chocolates. The company offers sugar-free chocolates through its brand Lindt Excellence.

With its subsidiaries and strong distribution networks, the company has a geographical presence across North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. As of 2021, the company had a headcount of 14,135 employees.

GLANBIA PLC (Ireland)

Founded in 1997 and headquartered in Kilkenny, Ireland, Glanbia is involved in the manufacturing of nutrition products. The company operates through two business segments, namely, Glanbia Performance Nutrition and Glanbia Nutritionals. It offers sugar-free products through the Glanbia Performance Nutrition business segment. Glanbia’s product portfolio includes sugar-free protein bars and pre-workout drinks.

With distribution networks in more than 100 countries, the company has a geographical presence across North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. The company has a headcount of around 8,071 employees.

Galletas Gullón S.A. (Spain)

Founded in 1892 and headquartered in Palencia, Spain, Galletas is engaged in the manufacturing of bakery products. The company’s product portfolio includes zero-sugar digestive biscuits, cookies, gluten-free biscuits, snacks, and cakes. Its sugar-free product portfolio includes biscuits, sugar-free cookies, and wafers.

With distribution networks in more than 120 countries, the company has a geographical presence across North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. The company has a headcount of around 1,400 employees.

Popular Mention: Zydus Wellness Ltd. (India).

Authoritative Research on the Sugar-free Products Market – Global Opportunity Analysis and Industry Forecast (2022-2029)

Need more information? Meticulous Research®’s new report covers each of these companies in much more detail, providing analysis on the following:

• Recent financial performance
• Key products
• Significant company strategies
• Partnerships and acquisitions

The Comprehensive report provides global market size estimates, market share analysis, revenue numbers, and coverage of key issues and trends.