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Sugar Free Mints Market By Nature, By Flavor, By Distribution Channel: Global Opportunity Analysis and Industry Forecast, 2021-2031

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    Report

  • 270 Pages
  • November 2022
  • Region: Global
  • Allied Market Research
  • ID: 5725180
Food items like mints are used as treats to freshen breath. One of the genera of fragrant herbs, mint is used in a variety of products including food, drink, chewing gum, pharmaceuticals, cosmetics, and personal care items. Mints have been available on the market for a while, and people frequently eat them to freshen their breath after consuming alcohol or smoking cigarette.

The increase in awareness about oral care among young & adult population across the globe is the primary driving factor of the global sugar free mint market. Also, the rise in consumption of tobacco products, smoking & alcohol leads to mouth related problems like bad odor & stained teeth. These are highly influencing driving factors impacting the global sugar free mint market throughout the forecast period. Furthermore, the increasing sales of these products is also expected to accelerate the demand for sugar free mint in near future.

The lack of raw materials owing to the disruptions in supply chain, lack of labor, and complete/partial closure of manufacturing facilities significantly hampered the sugar free mint market. The complete lockdown restrictions imposed by the government resulted in the closure of retail stores, which negatively impacted the market growth during the pandemic.

The sugar free mint market is a niche market, which creates opportunities for small- & mid-sized companies to invest in this market. As the diversified players that dominate the food industry have limited presence, stakeholders are planning to invest and expand their business by innovating new products. Thus, small and medium enterprises (SMEs) can take advantage over premium priced nutraceuticals and other food manufacturer.

According to the sugar free mint market analysis, the market is segmented on the basis of nature, flavor, distribution channel, and region. As per nature, the market is classified into organic and conventional. Depending on flavor, it is segmented into peppermint, sweet mint, bubble mint, freeze mint, and others. According to distribution channel, the market is further segmented into hypermarket/supermarket, pharmacies, specialty store, convenience store and online store. Region wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

The key players operating in the sugar free mint market include Albanese Candy, Atkinson’s Candy Co., Chocoladefabriken Lindt & Sprungli AG, ChocZero Inc., Continental Candy Industries B. V., Ferrero International S. A., Lotte Group, Mondel’z International, Nestle S. A, Nova Chocolate Perfetti Van Melle Group B. V., See’s Candy Shop, Inc., Sugarless Confectionery, The Hershey Company, and The Wrigley Company.

KEY BENEFITS FOR STAKEHOLDERS

  • This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the sugar free mints market analysis from 2021 to 2031 to identify the prevailing sugar free mints market opportunities.
  • The market research is offered along with information related to key drivers, restraints, and opportunities.
  • Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
  • In-depth analysis of the sugar free mints market segmentation assists to determine the prevailing market opportunities.
  • Major countries in each region are mapped according to their revenue contribution to the global market.
  • Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
  • The report includes the analysis of the regional as well as global sugar free mints market trends, key players, market segments, application areas, and market growth strategies.

Key Market Segments

By Nature

  • Organic
  • Conventional

By Flavor

  • Peppermint
  • Sweet mint
  • Bubble mint
  • Freeze mint
  • Others

By Distribution Channel

  • Hypermarket and Supermarket
  • Pharmacies
  • Specialty Store
  • Convenience Store
  • Online Store

By Region

  • North America
  • U. S.
  • Canada
  • Mexico
  • Europe
  • Germany
  • UK
  • France
  • Italy
  • Belgium
  • Russia
  • Netherlands
  • Spain
  • Rest of Europe
  • Asia-Pacific
  • China
  • India
  • Japan
  • Australia
  • South Korea
  • Thailand
  • Indonesia
  • Rest of Asia-Pacific
  • LAMEA
  • Brazil
  • Argentina
  • UAE
  • Saudi Arabia
  • Chile
  • Turkey
  • South Africa
  • Rest of LAMEA

Key Market Players

  • Albanese Candy
  • Atkinson Candy Co.
  • Chocoladefabriken Lindt and Sprungli AG
  • ChocZero Inc.
  • Continental Candy Industries B. V.
  • Ferrero International S. A.
  • Lotte Group
  • Mondelz International
  • Nestle S. A
  • Nova Chocolate
  • Perfetti Van Melle Group B. V.
  • See Candy Shop, Inc.
  • Sugarless Confectionery
  • The Hershey Company
  • The Wrigley Company,

 

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Table of Contents

CHAPTER 1: INTRODUCTION
1.1. Report description
1.2. Key market segments
1.3. Key benefits to the stakeholders
1.4. Research Methodology
1.4.1. Secondary research
1.4.2. Primary research
1.4.3. Analyst tools and models

CHAPTER 2: EXECUTIVE SUMMARY
2.1. Key findings of the study
2.2. CXO Perspective

CHAPTER 3: MARKET OVERVIEW
3.1. Market definition and scope
3.2. Key findings
3.2.1. Top investment pockets
3.3. Porter’s five forces analysis
3.4. Market dynamics
3.4.1. Drivers
3.4.2. Restraints
3.4.3. Opportunities
3.5. COVID-19 Impact Analysis on the market
3.6. Market Share Analysis

CHAPTER 4: SUGAR FREE MINTS MARKET, BY NATURE
4.1 Overview
4.1.1 Market size and forecast
4.2 Organic
4.2.1 Key market trends, growth factors and opportunities
4.2.2 Market size and forecast, by region
4.2.3 Market share analysis by country
4.3 Conventional
4.3.1 Key market trends, growth factors and opportunities
4.3.2 Market size and forecast, by region
4.3.3 Market share analysis by country

CHAPTER 5: SUGAR FREE MINTS MARKET, BY FLAVOR
5.1 Overview
5.1.1 Market size and forecast
5.2 Peppermint
5.2.1 Key market trends, growth factors and opportunities
5.2.2 Market size and forecast, by region
5.2.3 Market share analysis by country
5.3 Sweet mint
5.3.1 Key market trends, growth factors and opportunities
5.3.2 Market size and forecast, by region
5.3.3 Market share analysis by country
5.4 Bubble mint
5.4.1 Key market trends, growth factors and opportunities
5.4.2 Market size and forecast, by region
5.4.3 Market share analysis by country
5.5 Freeze mint
5.5.1 Key market trends, growth factors and opportunities
5.5.2 Market size and forecast, by region
5.5.3 Market share analysis by country
5.6 Others
5.6.1 Key market trends, growth factors and opportunities
5.6.2 Market size and forecast, by region
5.6.3 Market share analysis by country

CHAPTER 6: SUGAR FREE MINTS MARKET, BY DISTRIBUTION CHANNEL
6.1 Overview
6.1.1 Market size and forecast
6.2 Hypermarket and Supermarket
6.2.1 Key market trends, growth factors and opportunities
6.2.2 Market size and forecast, by region
6.2.3 Market share analysis by country
6.3 Pharmacies
6.3.1 Key market trends, growth factors and opportunities
6.3.2 Market size and forecast, by region
6.3.3 Market share analysis by country
6.4 Specialty Store
6.4.1 Key market trends, growth factors and opportunities
6.4.2 Market size and forecast, by region
6.4.3 Market share analysis by country
6.5 Convenience Store
6.5.1 Key market trends, growth factors and opportunities
6.5.2 Market size and forecast, by region
6.5.3 Market share analysis by country
6.6 Online Store
6.6.1 Key market trends, growth factors and opportunities
6.6.2 Market size and forecast, by region
6.6.3 Market share analysis by country

CHAPTER 7: SUGAR FREE MINTS MARKET, BY REGION
7.1 Overview
7.1.1 Market size and forecast
7.2 North America
7.2.1 Key trends and opportunities
7.2.2 North America Market size and forecast, by Nature
7.2.3 North America Market size and forecast, by Flavor
7.2.4 North America Market size and forecast, by Distribution Channel
7.2.5 North America Market size and forecast, by country
7.2.5.1 U. S.
7.2.5.1.1 Key market trends, growth factors and opportunities
7.2.5.1.2 Market size and forecast, by Nature
7.2.5.1.3 Market size and forecast, by Flavor
7.2.5.1.4 Market size and forecast, by Distribution Channel
7.2.5.2 Canada
7.2.5.2.1 Key market trends, growth factors and opportunities
7.2.5.2.2 Market size and forecast, by Nature
7.2.5.2.3 Market size and forecast, by Flavor
7.2.5.2.4 Market size and forecast, by Distribution Channel
7.2.5.3 Mexico
7.2.5.3.1 Key market trends, growth factors and opportunities
7.2.5.3.2 Market size and forecast, by Nature
7.2.5.3.3 Market size and forecast, by Flavor
7.2.5.3.4 Market size and forecast, by Distribution Channel
7.3 Europe
7.3.1 Key trends and opportunities
7.3.2 Europe Market size and forecast, by Nature
7.3.3 Europe Market size and forecast, by Flavor
7.3.4 Europe Market size and forecast, by Distribution Channel
7.3.5 Europe Market size and forecast, by country
7.3.5.1 Germany
7.3.5.1.1 Key market trends, growth factors and opportunities
7.3.5.1.2 Market size and forecast, by Nature
7.3.5.1.3 Market size and forecast, by Flavor
7.3.5.1.4 Market size and forecast, by Distribution Channel
7.3.5.2 UK
7.3.5.2.1 Key market trends, growth factors and opportunities
7.3.5.2.2 Market size and forecast, by Nature
7.3.5.2.3 Market size and forecast, by Flavor
7.3.5.2.4 Market size and forecast, by Distribution Channel
7.3.5.3 France
7.3.5.3.1 Key market trends, growth factors and opportunities
7.3.5.3.2 Market size and forecast, by Nature
7.3.5.3.3 Market size and forecast, by Flavor
7.3.5.3.4 Market size and forecast, by Distribution Channel
7.3.5.4 Italy
7.3.5.4.1 Key market trends, growth factors and opportunities
7.3.5.4.2 Market size and forecast, by Nature
7.3.5.4.3 Market size and forecast, by Flavor
7.3.5.4.4 Market size and forecast, by Distribution Channel
7.3.5.5 Belgium
7.3.5.5.1 Key market trends, growth factors and opportunities
7.3.5.5.2 Market size and forecast, by Nature
7.3.5.5.3 Market size and forecast, by Flavor
7.3.5.5.4 Market size and forecast, by Distribution Channel
7.3.5.6 Russia
7.3.5.6.1 Key market trends, growth factors and opportunities
7.3.5.6.2 Market size and forecast, by Nature
7.3.5.6.3 Market size and forecast, by Flavor
7.3.5.6.4 Market size and forecast, by Distribution Channel
7.3.5.7 Netherlands
7.3.5.7.1 Key market trends, growth factors and opportunities
7.3.5.7.2 Market size and forecast, by Nature
7.3.5.7.3 Market size and forecast, by Flavor
7.3.5.7.4 Market size and forecast, by Distribution Channel
7.3.5.8 Spain
7.3.5.8.1 Key market trends, growth factors and opportunities
7.3.5.8.2 Market size and forecast, by Nature
7.3.5.8.3 Market size and forecast, by Flavor
7.3.5.8.4 Market size and forecast, by Distribution Channel
7.3.5.9 Rest of Europe
7.3.5.9.1 Key market trends, growth factors and opportunities
7.3.5.9.2 Market size and forecast, by Nature
7.3.5.9.3 Market size and forecast, by Flavor
7.3.5.9.4 Market size and forecast, by Distribution Channel
7.4 Asia-Pacific
7.4.1 Key trends and opportunities
7.4.2 Asia-Pacific Market size and forecast, by Nature
7.4.3 Asia-Pacific Market size and forecast, by Flavor
7.4.4 Asia-Pacific Market size and forecast, by Distribution Channel
7.4.5 Asia-Pacific Market size and forecast, by country
7.4.5.1 China
7.4.5.1.1 Key market trends, growth factors and opportunities
7.4.5.1.2 Market size and forecast, by Nature
7.4.5.1.3 Market size and forecast, by Flavor
7.4.5.1.4 Market size and forecast, by Distribution Channel
7.4.5.2 India
7.4.5.2.1 Key market trends, growth factors and opportunities
7.4.5.2.2 Market size and forecast, by Nature
7.4.5.2.3 Market size and forecast, by Flavor
7.4.5.2.4 Market size and forecast, by Distribution Channel
7.4.5.3 Japan
7.4.5.3.1 Key market trends, growth factors and opportunities
7.4.5.3.2 Market size and forecast, by Nature
7.4.5.3.3 Market size and forecast, by Flavor
7.4.5.3.4 Market size and forecast, by Distribution Channel
7.4.5.4 Australia
7.4.5.4.1 Key market trends, growth factors and opportunities
7.4.5.4.2 Market size and forecast, by Nature
7.4.5.4.3 Market size and forecast, by Flavor
7.4.5.4.4 Market size and forecast, by Distribution Channel
7.4.5.5 South Korea
7.4.5.5.1 Key market trends, growth factors and opportunities
7.4.5.5.2 Market size and forecast, by Nature
7.4.5.5.3 Market size and forecast, by Flavor
7.4.5.5.4 Market size and forecast, by Distribution Channel
7.4.5.6 Thailand
7.4.5.6.1 Key market trends, growth factors and opportunities
7.4.5.6.2 Market size and forecast, by Nature
7.4.5.6.3 Market size and forecast, by Flavor
7.4.5.6.4 Market size and forecast, by Distribution Channel
7.4.5.7 Indonesia
7.4.5.7.1 Key market trends, growth factors and opportunities
7.4.5.7.2 Market size and forecast, by Nature
7.4.5.7.3 Market size and forecast, by Flavor
7.4.5.7.4 Market size and forecast, by Distribution Channel
7.4.5.8 Rest of Asia-Pacific
7.4.5.8.1 Key market trends, growth factors and opportunities
7.4.5.8.2 Market size and forecast, by Nature
7.4.5.8.3 Market size and forecast, by Flavor
7.4.5.8.4 Market size and forecast, by Distribution Channel
7.5 LAMEA
7.5.1 Key trends and opportunities
7.5.2 LAMEA Market size and forecast, by Nature
7.5.3 LAMEA Market size and forecast, by Flavor
7.5.4 LAMEA Market size and forecast, by Distribution Channel
7.5.5 LAMEA Market size and forecast, by country
7.5.5.1 Brazil
7.5.5.1.1 Key market trends, growth factors and opportunities
7.5.5.1.2 Market size and forecast, by Nature
7.5.5.1.3 Market size and forecast, by Flavor
7.5.5.1.4 Market size and forecast, by Distribution Channel
7.5.5.2 Argentina
7.5.5.2.1 Key market trends, growth factors and opportunities
7.5.5.2.2 Market size and forecast, by Nature
7.5.5.2.3 Market size and forecast, by Flavor
7.5.5.2.4 Market size and forecast, by Distribution Channel
7.5.5.3 UAE
7.5.5.3.1 Key market trends, growth factors and opportunities
7.5.5.3.2 Market size and forecast, by Nature
7.5.5.3.3 Market size and forecast, by Flavor
7.5.5.3.4 Market size and forecast, by Distribution Channel
7.5.5.4 Saudi Arabia
7.5.5.4.1 Key market trends, growth factors and opportunities
7.5.5.4.2 Market size and forecast, by Nature
7.5.5.4.3 Market size and forecast, by Flavor
7.5.5.4.4 Market size and forecast, by Distribution Channel
7.5.5.5 Chile
7.5.5.5.1 Key market trends, growth factors and opportunities
7.5.5.5.2 Market size and forecast, by Nature
7.5.5.5.3 Market size and forecast, by Flavor
7.5.5.5.4 Market size and forecast, by Distribution Channel
7.5.5.6 Turkey
7.5.5.6.1 Key market trends, growth factors and opportunities
7.5.5.6.2 Market size and forecast, by Nature
7.5.5.6.3 Market size and forecast, by Flavor
7.5.5.6.4 Market size and forecast, by Distribution Channel
7.5.5.7 South Africa
7.5.5.7.1 Key market trends, growth factors and opportunities
7.5.5.7.2 Market size and forecast, by Nature
7.5.5.7.3 Market size and forecast, by Flavor
7.5.5.7.4 Market size and forecast, by Distribution Channel
7.5.5.8 Rest of LAMEA
7.5.5.8.1 Key market trends, growth factors and opportunities
7.5.5.8.2 Market size and forecast, by Nature
7.5.5.8.3 Market size and forecast, by Flavor
7.5.5.8.4 Market size and forecast, by Distribution Channel

CHAPTER 8: COMPANY LANDSCAPE
8.1. Introduction
8.2. Top winning strategies
8.3. Product Mapping of Top 10 Player
8.4. Top player positioning, 2021
8.5. Competitive Dashboard
8.6. Competitive Heatmap
8.7. Key developments

CHAPTER 9: COMPANY PROFILES
9.1 Albanese Candy
9.1.1 Company overview
9.1.2 Key Executives
9.1.3 Company snapshot
9.1.4 Operating business segments
9.1.5 Product portfolio
9.1.6 Business performance
9.1.7 Key strategic moves and developments
9.2 Atkinson Candy Co.
9.2.1 Company overview
9.2.2 Key Executives
9.2.3 Company snapshot
9.2.4 Operating business segments
9.2.5 Product portfolio
9.2.6 Business performance
9.2.7 Key strategic moves and developments
9.3 Chocoladefabriken Lindt and Sprungli AG
9.3.1 Company overview
9.3.2 Key Executives
9.3.3 Company snapshot
9.3.4 Operating business segments
9.3.5 Product portfolio
9.3.6 Business performance
9.3.7 Key strategic moves and developments
9.4 ChocZero Inc.
9.4.1 Company overview
9.4.2 Key Executives
9.4.3 Company snapshot
9.4.4 Operating business segments
9.4.5 Product portfolio
9.4.6 Business performance
9.4.7 Key strategic moves and developments
9.5 Continental Candy Industries B. V.
9.5.1 Company overview
9.5.2 Key Executives
9.5.3 Company snapshot
9.5.4 Operating business segments
9.5.5 Product portfolio
9.5.6 Business performance
9.5.7 Key strategic moves and developments
9.6 Ferrero International S. A.
9.6.1 Company overview
9.6.2 Key Executives
9.6.3 Company snapshot
9.6.4 Operating business segments
9.6.5 Product portfolio
9.6.6 Business performance
9.6.7 Key strategic moves and developments
9.7 Lotte Group
9.7.1 Company overview
9.7.2 Key Executives
9.7.3 Company snapshot
9.7.4 Operating business segments
9.7.5 Product portfolio
9.7.6 Business performance
9.7.7 Key strategic moves and developments
9.8 Mondelz International
9.8.1 Company overview
9.8.2 Key Executives
9.8.3 Company snapshot
9.8.4 Operating business segments
9.8.5 Product portfolio
9.8.6 Business performance
9.8.7 Key strategic moves and developments
9.9 Nestle S. A
9.9.1 Company overview
9.9.2 Key Executives
9.9.3 Company snapshot
9.9.4 Operating business segments
9.9.5 Product portfolio
9.9.6 Business performance
9.9.7 Key strategic moves and developments
9.10 Nova Chocolate
9.10.1 Company overview
9.10.2 Key Executives
9.10.3 Company snapshot
9.10.4 Operating business segments
9.10.5 Product portfolio
9.10.6 Business performance
9.10.7 Key strategic moves and developments
9.11 Perfetti Van Melle Group B. V.
9.11.1 Company overview
9.11.2 Key Executives
9.11.3 Company snapshot
9.11.4 Operating business segments
9.11.5 Product portfolio
9.11.6 Business performance
9.11.7 Key strategic moves and developments
9.12 See Candy Shop, Inc.
9.12.1 Company overview
9.12.2 Key Executives
9.12.3 Company snapshot
9.12.4 Operating business segments
9.12.5 Product portfolio
9.12.6 Business performance
9.12.7 Key strategic moves and developments
9.13 Sugarless Confectionery
9.13.1 Company overview
9.13.2 Key Executives
9.13.3 Company snapshot
9.13.4 Operating business segments
9.13.5 Product portfolio
9.13.6 Business performance
9.13.7 Key strategic moves and developments
9.14 The Hershey Company
9.14.1 Company overview
9.14.2 Key Executives
9.14.3 Company snapshot
9.14.4 Operating business segments
9.14.5 Product portfolio
9.14.6 Business performance
9.14.7 Key strategic moves and developments
9.15 The Wrigley Company,
9.15.1 Company overview
9.15.2 Key Executives
9.15.3 Company snapshot
9.15.4 Operating business segments
9.15.5 Product portfolio
9.15.6 Business performance
9.15.7 Key strategic moves and developments

Executive Summary

According to this report, titled, 'Sugar Free Mints Market,' The sugar free mints market was valued at $657.00 million in 2021, and is estimated to reach $1.2 billion by 2031, growing at a CAGR of 5.8% from 2022 to 2031.

Food items like mints are used as treats to freshen breath. One of the genera of fragrant herbs, mint is used in a variety of products including food, drink, chewing gum, pharmaceuticals, cosmetics, and personal care items. Mints have been available on the market for a while, and people frequently eat them to freshen their breath after consuming alcohol or smoking cigarettes.

The major driving factors for the growth of the sugar free mint market are Innovation in packaging & promotion and an increase in awareness about oral care. Innovation, processing, and packaging are the main factors for the growth of the sugar free mint industry. Factors, such as health awareness & consciousness among customers and varying consumer eating habits & tastes drive innovation. Innovative packaging strategies such as attractive jars, family-sized packs, resealable packaging, and advertisement contribute to higher sales of products and generate awareness. The introduction of different types of packaging and promotion activities in sugar free mint products drives the growth and development of the mint industry globally.

According to the American Dental Association, the consumption of sugar has been associated with an increased risk of developing dental caries. Sugar is considered the main ingredient responsible for the rise in the rate of obesity and diabetes. Obesity and diabetes in individuals are one of the major causes that contribute to the increase in the fatality rate. According to worldobesity.org, in 2020, about 2000 million people were either overweight or obese, and 463 million individuals suffering from diabetes. Consumers have, thereby, become more conscious about sugar intake and are shifting toward products that offer high nutritional value. Thus, demand for sugar-free mint products is on the rise around the globe. Overall, consumers are gaining awareness about the importance of maintaining good health, which is preventing them from consuming mint products containing sugar.

Online sales have witnessed quite a notable growth among consumer over local hypermarkets or other grocery stores. The ease of buying several flavor types of sugar free mint, wider variety of options, and the availability of home delivery options are some of the benefits offered to the consumer from e-commerce sales. Therefore, global sugar free mint online sales have grown in 2020. The e-commerce sales growth was also observed in developed markets and not just within developing regions. As per sources, Chewy.com and Amazon.com controlled more than 80% of the U.S. online food purchasing market. Other e-commerce sites also witnessed notable growth with small shares in the overall industry.

The sugar free mint market is analyzed on the basis of nature, flavor, distribution channel, and region. By nature, the market is classified into organic and conventional. By flavor, the market is categorized into peppermint, sweet mint, bubble mint, freeze mint, and others. By distribution channel, the market is divided into hypermarket/supermarket, pharmacies, specialty stores, convenience stores, and others. Region-wise, the market is analyzed across North America (the U.S., Canada, and Mexico), Europe (Germany, France, UK, Italy, Spain, Russia, Belgium, Netherlands, and rest of Europe), Asia-Pacific (China, Japan, India, Australia, South Korea, Thailand, Indonesia, and rest of Asia-Pacific), and LAMEA (Brazil, UAE, South Africa, Saudi Arabia, Chile, Turkey, and rest of LAMEA).

The sugar free mint market is analyzed on the basis of nature, flavor, distribution channel, and region. By nature, the market is classified into organic and conventional. By flavor, the market is categorized into peppermint, sweet mint, bubble mint, freeze mint, and others. By distribution channel, the market is divided into hypermarket/supermarket, pharmacies, specialty stores, convenience stores, and others. Region-wise, the market is analyzed across North America (the U.S., Canada, and Mexico), Europe (Germany, France, UK, Italy, Spain, Russia, Belgium, Netherland, and rest of Europe), Asia-Pacific (China, Japan, India, Australia, South Korea, Thailand, Indonesia, and rest of Asia-Pacific), and LAMEA (Brazil, UAE, South Africa, Saudi Arabia, Chile, Turkey, and rest of LAMEA).

The key companies profiled in sugar free mint industry are Albanese Candy, Atkinson’s Candy Co., Chocoladefabriken Lindt & Sprungli AG, ChocZero Inc., Continental Candy Industries B.V., Ferrero International S.A., Lotte Group, Mondel’z International, Nestle S.A, Nova Chocolate Perfetti Van Melle Group B.V., See’s Candy Shop, Inc., Sugarless Confectionery, The Hershey Company, and The Wrigley Company.

Key findings of the study

By nature, the organic segment is estimated to witness significant growth, registering a CAGR of 6.4% during the forecast period.

By flavor, the sweet mint segment is anticipated to grow at a CAGR of 6.5% during the forecast period.

By distribution channel, the pharmacies segment is estimated to witness significant growth, registering a CAGR of 6.5% during the forecast period.

By region, North America was the dominant region in 2021, occupying major share of the sugar free mint market.

By region, LAMEA registered the highest growth rate and is expected to grow at a CAGR of 6.3% during the forecast period.

Companies Mentioned

  • Albanese Candy
  • Atkinson Candy Co.
  • Chocoladefabriken Lindt and Sprungli AG
  • Choczero Inc.
  • Continental Candy Industries B.V.
  • Ferrero International SA
  • Lotte Group
  • Mondelz International
  • Nestle S.A
  • Nova Chocolate
  • Perfetti Van Melle Group B.V.
  • See Candy Shop, Inc.
  • Sugarless Confectionery
  • the Hershey Company
  • the Wrigley Company,

Methodology

The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.

They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.

They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:

  • Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
  • Scientific and technical writings for product information and related preemptions
  • Regional government and statistical databases for macro analysis
  • Authentic news articles and other related releases for market evaluation
  • Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast

Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.

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