Australia Sugar Free Food and Beverage Market Report and Forecast 2024-2032

Australia Sugar Free Food and Beverage Market Outlook

The Australia sugar free food and beverage market size reached USD 2,851.33 million in 2023. The market is expected to grow at a CAGR of 4.47% between 2024 and 2032, reaching USD 4,224.62 million by 2032.

Key Takeaways

• According to the USDA, Australia's food, beverage, and grocery sectors constitute approximately one-third of the country's total manufacturing industry, with the food industry generating A$116 billion (US$80.4 billion) in turnover in 2021.

• In 2022, the Australian Institute of Health and Welfare reported that approximately 1.3 million Australians, or 5.3% of the population, were diagnosed with diabetes, consequently driving the Australia sugar free food and beverage market growth.

• As per the Australian Bureau of Statistics, diabetes stood as the seventh-highest cause of death in Australia in 2022, accounting for 6,050 fatalities. Additionally, Type 2 diabetes ranked twelfth, contributing 4.8% to the nation's overall disease burden.

Beverages are a significant contributor to the Australia sugar free food and beverage market growth in Australia, driven by rising health consciousness where consumers opt for healthier choices

Sugar-free beverages provide advantages like catering to health-conscious individuals, assisting in weight control, offering options suitable for diabetics, attracting a diverse customer base, and presenting a range of choices for different taste preferences.

Sugar-free confectionery offers guiltless indulgence, promotes dental wellness, meets various dietary needs, fosters inclusivity, showcases taste advancements, boasts extended shelf life, and taps into the expanding market for healthier alternatives.

In August 2023, Ferndale Foods Australia announced a $20 million investment in a Ballarat facility to meet the growing demand for "better for you" bars globally, identified through research and consultations for a comprehensive range of products that is sugar-free, gluten-free, and high fibre.

Market Segmentation

Australia Sugar Free Food and Beverage Market Report and Forecast 2024-2032 offers a detailed analysis of the market based on the following segments:

Market Breakup by Product Type

• Beverages

• Confectionery

• Bakery Products

• Dairy and Dairy Alternatives

• Others

Market Breakup by Distribution Channel

• Supermarkets and Hypermarkets

• Convenience Stores

• Pharmacies/Drug Stores

• Online Retail Stores

• Speciality Stores

• Others

Market Breakup by Region

• New South Wales

• Victoria

• Queensland

• Australian Capital Territory

• Western Australia

• Others

The Australia sugar free food and beverage market key players are Ferndale Foods Australia, Double 'D' Products Australia Pty Ltd, SweetLife Australia Pty Ltd, Momentum Foods Pty Ltd and Think Products Pty Ltd among others.

Key Highlights of the Report