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Mexico Sugar-Free Confectionery Market Report and Forecast 2024-2032

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    Report

  • 145 Pages
  • January 2024
  • Region: Mexico
  • Expert Market Research
  • ID: 5934583
According to the report, the Mexico sugar-free confectionery market is projected to grow at a CAGR of 3.90% between 2024 and 2032. Aided by the rising prevalence of diabetes and pre-diabetes and increasing knowledge about the benefits of consuming sugar-free products, the market is expected to grow significantly by 2032.

Sugar-free confectionery is gaining popularity as a healthier alternative to traditional sweets and desserts. These products are often sweetened with sugar substitutes such as Stevia, Aspartame, and Xylitol, offering the same taste with fewer calories and no added sugars. They are increasingly becoming a staple in a variety of diets, including weight management, diabetic, and heart-healthy diets.

The primary driver of the Mexico sugar-free confectionery market growth is the growing consumer preference for healthier and low-calorie food alternatives. With increasing health awareness and rising obesity and diabetes rates, Mexican consumers are significantly shifting towards sugar-free and low-calorie diets. This change has sparked a surge in demand for sugar-free confectionery products, from chocolates and candies to chewing gums and desserts.

Furthermore, the expanding applications of sugar substitutes in the confectionery industry are significantly increasing the Mexico sugar-free confectionery market size. Sugar-free confectionery manufacturers are continuously experimenting with a range of sugar substitutes to create sweets that mimic the taste and texture of traditional sugar-based confections. These innovations not only help cater to the health-conscious consumers but also meet the dietary needs of diabetic patients, thus broadening the consumer base.

The rising trend of fitness and overall well-being has also contributed to the growing popularity of sugar-free confectionery, aiding the market development. As these products align with consumers' dietary preferences and lifestyle choices, they have emerged as a popular snack option among fitness enthusiasts and health-conscious individuals.

In addition, the increasing availability of dairy-free and plant-based alternatives in the sugar-free confectionery sector is expected to further boost the Mexico sugar-free confectionery market demand. With the rise of veganism and the growing popularity of plant-based diets, manufacturers are incorporating plant-based and dairy-free ingredients into their sugar-free confectionery products, thus driving market expansion.

Market Segmentation

The market can be divided based on type, distribution channel, and region.

Market Breakup by Type

  • Chocolate Confectionery
  • Sweet and Candy Confectionery
o Hard-Boiled Candies
o Pastilles, Gums, Jellies, and Chews
o Toffees, Caramels, and Nougat
o Mints
o Others

Market Breakup by Distribution Channel

  • Supermarkets and Hypermarkets
  • Convenience and Drug Stores
  • Online
  • Others

Market Breakup by Region

  • Baja California
  • Northern Mexico
  • The Bajio
  • Central Mexico
  • Pacific Coast
  • Yucatan Peninsula

Competitive Landscape

The report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the Mexico sugar-free confectionery market. Some of the major players explored in the report are as follows:
  • The Hershey Company
  • Nestle S.A.
  • Mondelez International, Inc.
  • Ferrero International S.A
  • Chocoladefabriken Lindt & Sprüngli AG
  • Ferrara Candy Company
  • Las Sevillanas
  • Dulces de la Rosa
  • XIOCOLAT
  • Others

Table of Contents

1 Preface2 Report Coverage - Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Market Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot7 Industry Opportunities and Challenges
8 Mexico Sugar-Free Confectionery Market Analysis
8.1 Key Industry Highlights
8.2 Mexico Sugar-Free Confectionery Historical Market (2018-2023)
8.3 Mexico Sugar-Free Confectionery Market Forecast (2024-2032)
9 Mexico Sugar-Free Confectionery Market by Type
9.1 Chocolate Confectionery
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Sweet and Candy Confectionery
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
9.2.3 Breakup by Type
9.2.3.1 Hard-Boiled Candies
9.2.3.2 Pastilles, Gums, Jellies, and Chews
9.2.3.3 Toffees, Caramels, and Nougat
9.2.3.4 Mints
9.2.3.5 Others
10 Mexico Sugar-Free Confectionery Market by Distribution Channel
10.1 Supermarkets and Hypermarkets
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Convenience and Drug Stores
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 Online
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Others
11 Mexico Sugar-Free Confectionery Market by Region
11.1 Baja California
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Northern Mexico
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 The Bajio
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 Central Mexico
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Pacific Coast
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Yucatan Peninsula
11.6.1 Historical Trend (2018-2023)
11.6.2 Forecast Trend (2024-2032)
12 Market Dynamics
12.1 SWOT Analysis
12.1.1 Strengths
12.1.2 Weaknesses
12.1.3 Opportunities
12.1.4 Threats
12.2 Porter’s Five Forces Analysis
12.2.1 Supplier’s Power
12.2.2 Buyers Powers
12.2.3 Threat of New Entrants
12.2.4 Degree of Rivalry
12.2.5 Threat of Substitutes
12.3 Key Indicators for Demand
12.4 Key Indicators for Price
13 Competitive Landscape
13.1 Market Structure
13.2 Key Company Profiles
13.2.1 The Hershey Company
13.2.1.1 Company Overview
13.2.1.2 Product Portfolio
13.2.1.3 Demographic Reach and Achievements
13.2.1.4 Certifications
13.2.2 Nestle S.A.
13.2.2.1 Company Overview
13.2.2.2 Product Portfolio
13.2.2.3 Demographic Reach and Achievements
13.2.2.4 Certifications
13.2.3 Mondelez International, Inc.
13.2.3.1 Company Overview
13.2.3.2 Product Portfolio
13.2.3.3 Demographic Reach and Achievements
13.2.3.4 Certifications
13.2.4 Ferrero International S.A
13.2.4.1 Company Overview
13.2.4.2 Product Portfolio
13.2.4.3 Demographic Reach and Achievements
13.2.4.4 Certifications
13.2.5 Chocoladefabriken Lindt & Sprüngli AG
13.2.5.1 Company Overview
13.2.5.2 Product Portfolio
13.2.5.3 Demographic Reach and Achievements
13.2.5.4 Certifications
13.2.6 Ferrara Candy Company
13.2.6.1 Company Overview
13.2.6.2 Product Portfolio
13.2.6.3 Demographic Reach and Achievements
13.2.6.4 Certifications
13.2.7 Las Sevillanas
13.2.7.1 Company Overview
13.2.7.2 Product Portfolio
13.2.7.3 Demographic Reach and Achievements
13.2.7.4 Certifications
13.2.8 Dulces de la Rosa
13.2.8.1 Company Overview
13.2.8.2 Product Portfolio
13.2.8.3 Demographic Reach and Achievements
13.2.8.4 Certifications
13.2.9 XIOCOLAT
13.2.9.1 Company Overview
13.2.9.2 Product Portfolio
13.2.9.3 Demographic Reach and Achievements
13.2.9.4 Certifications
13.2.10 Others
14 Key Industry Trends and Developments
List of Key Figures and Tables
1. Mexico Sugar-Free Confectionery Market: Key Industry Highlights, 2018 and 2032
2. Mexico Sugar-Free Confectionery Historical Market: Breakup by Type (USD Million), 2018-2023
3. Mexico Sugar-Free Confectionery Market Forecast: Breakup by Type (USD Million), 2024-2032
4. Mexico Sugar-Free Confectionery Historical Market: Breakup by Distribution Channel (USD Million), 2018-2023
5. Mexico Sugar-Free Confectionery Market Forecast: Breakup by Distribution Channel (USD Million), 2024-2032
6. Mexico Sugar-Free Confectionery Historical Market: Breakup by Region (USD Million), 2018-2023
7. Mexico Sugar-Free Confectionery Market Forecast: Breakup by Region (USD Million), 2024-2032
8. Mexico Sugar-Free Confectionery Market Structure

Companies Mentioned

  • The Hershey Company
  • Nestle S.A.
  • Mondelez International Inc.
  • Ferrero International S.A
  • Chocoladefabriken Lindt & Sprüngli AG
  • Ferrara Candy Company
  • Las Sevillanas
  • Dulces de la Rosa
  • XIOCOLAT

Methodology

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