Sugar Free Ice Cream Market to Reach $7,355.0 Million by 2030, Growing at a CAGR of 9.6%
Rising prevalence of diabetes and obesity causing people to choose healthy foods Manufacturers are constantly trying to find a healthier substitute for sugar
Sugar-free ice cream is a special type of ice cream made by replacing sugar with sugar alcohol. Sugar alcohols are compounds derived from sugar, which resemble sugar in taste and appearance, but contain fewer calories. Xylitol, erythritol, sorbitol, and maltitol are some popular sugar alcohols that can be used to make sugar-free ice cream.
People perceive sugar-free ice cream as a healthier alternative to regular ice cream because it has fewer calories and fewer negative health effects. This is a key factor propelling the growth of the global sugar-free ice cream market. Additionally, increasing prevalence of diabetes, obesity, and heart disease is driving the demand for sugar-free ice cream. About 1.5 million deaths directly associated with diabetes have been recorded worldwide. Therefore, the increase in health consciousness, the increase in the tendency to adopt an active and healthy lifestyle and the increase in the demand for healthy foods associated with high disposable income act as the main forces. drivers of the global sugar-free ice cream market.
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Furthermore, the rise in popularity of sugar-free ice cream among diabetic and health-conscious people is notably contributing to the growth of the sugar-free ice cream market. This is attributed to the fact that sugar-free ice cream is a rich source of vitamins A, B-6, B-12, C, D, and E. Additionally, it is a rich source of minerals like calcium and phosphorus. . Consuming ice cream provides energy and stimulates the brain. Therefore, these nutritional and health benefits are expected to contribute significantly to the growing demand for sugar-free ice cream around the world.
According to the sugar-free ice cream market trends, the availability of a wide range of flavors in the market attracts a large consumer base and helps to serve customers according to their tastes and preferences. According to the International Dairy Foods Association (IDFA), chocolate, vanilla, strawberry and mint sprinkles are the most preferred sugar-free ice cream flavors around the world, due to their deliciousness and ability to enhance the taste of other treats and desserts.
However, the sugar-free ice cream industry has been negatively affected due to the COVID-19 pandemic. Rumors and misconceptions have further ruined the demand for sugar-free ice cream in the market, for example, consuming ice cream can make an individual susceptible to the COVID-19 virus as one can catch cold. Additionally, rising prices for inputs such as packaging materials and freight reduced profitability during the pandemic. Additionally, the shutdown of production facilities, supply chain disruptions, and rising unemployment rate during the pandemic have hurt the sugar-free ice cream market.
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According to the sugar free ice cream market analysis, the market is segmented into flavor, form, end use, distribution channel and region. Based on flavor, the market is categorized into vanilla, chocolate, mint chips, strawberry, salted caramel, peanut butter, coffee, and others. According to the form, it is divided into pints, bars/sticks, sandwich and others. According to the end use, it is divided into B2B and B2C. According to the distribution channel, it is fragmented into supermarkets and hypermarkets, convenience stores, specialty stores and others.
Regionally, the market is analyzed in North America (United States, Canada and Mexico), Europe (United Kingdom, Finland, Sweden, Denmark, Poland, Italy and Rest of Europe), Asia-Pacific (China, Japan, India, Singapore, Australia, New Zealand and Rest of Asia-Pacific) and LAMEA (Brazil, South Africa, Saudi Arabia and Rest of LAMEA).
According to the sugar-free ice cream market forecast, Asia-Pacific is expected to show the fastest growth owing to factors such as increasing disposable income, rising health awareness and rising consumer awareness of calorie consumption.
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Key players operating in the global sugar-free ice cream market include Amul, Baskin-Robbins, Beyond Better Foods, LLC, Havmor, Hershey Creamery Company, Mammoth Creameries, Nestlé SA, Turkey Hill Dairy, Unilever, and Wells Enterprises, Inc.
Main results of the study
The market was valued at USD 2,524.5 Million in 2020 and is projected to reach USD 7,355.0 Million by 2030, growing at a CAGR of 9.6% during the forecast period.
By flavor, the salted caramel segment is estimated to be the fastest growing, registering a CAGR of 10.9% during the forecast period.
In 2020, by shape, the pint segment was valued at $924.0 million, accounting for 36.6% of the global sugar-free ice cream market share.
In 2020, the United States was the largest market in North America and is expected to reach $928.6 million by 2030, growing at a CAGR of 9.6% during the forecast period .
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