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

Mexico Sugar-Free Confectionery Market Outlook

The Mexico sugar-free confectionery market size is expected to grow at a CAGR of 3.90% between 2024 and 2032. The major market drivers include the rising prevalence of diabetes and pre-diabetes and increasing knowledge about the benefits of consuming sugar-free products.

Key Trends in the Market

Sugar-free confectionary refers to confectionary products such as chocolates, cakes, and candies that are made by using sugar substitutes or artificial sweeteners for creating sweet taste without the utilisation of real sugar. These products aid in satisfying sweet cravings while maintaining blood sugar levels and are also safer for teeth, further increasing their appeal.

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• The rising number of diabetic and pre-diabetic patients in Mexico are positively influencing the growth of the sugar-free confectionery market in the country. Sugar-free confectionery are considered safe for patients suffering from such conditions as they do not increase blood sugar levels and aid in curbing sweet cravings.

• Growing knowledge about the various benefits associated with the consumption of sugar-free confectionery as opposed to their sugar containing counterparts is a crucial trend propelling the growth of the Mexico sugar-free confectionery market. Sugar requires additional time to metabolise and is often converted into fat by the body.

• Increasing availability of a wide range of sugar-free confectionary products is a key trend in the market that is further supported by rising awareness about such products. Expansion of various distribution channels, including supermarkets and hypermarkets, and online, are also enhancing accessibility of sugar-free confectionary in Mexico.

Market Analysis

On the basis of type, the Mexico sugar-free confectionery market is bifurcated into chocolate confectionary and sweet and candy confectionary, with sweet and candy confectionary sub-divided by type into hard-boiled candies, pastilles, gums, jellies, and chews, toffees, caramels, and nougat, and mints, among others. Based on distribution channel, the market is segregated into supermarkets and hypermarkets, convenience and drug stores, and online, among others. By region, the sugar-free confectionery market in Mexico is classified into Baja California, Northern Mexico, The Bajio, Central Mexico, Pacific Coast, and Yucatan Peninsula.

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The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the Mexico sugar-free confectionery market, covering their competitive landscape and latest developments like mergers, acquisitions, investments, and expansion plans.

• 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

Market Share by Distribution Channel

Supermarkets and hypermarkets, based on distribution channel, are anticipated to witness significant growth in the Mexico sugar-free confectionery market over the forecast period. This is due to the growing presence of supermarket and hypermarket chain-style stores in the country that are gaining popularity among consumers for regular grocery shopping. Furthermore, a wide range of sugar-free sweet and candy confectionary is available in these stores in varying flavours and can be purchased along with weekly groceries. Consumers are able to check the ingredients as well as the number of calories of the listed products directly and also avail of discounts.

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Competitive Landscape

The Hershey Company is an industry leading snacks company that was established in 1894 and is headquartered in Pennsylvania, United States. Some of the iconic brands of the company include Kit Kat, Ice Breakers, and Jolly Rancher.

Nestle S.A. is a food and beverage company that was founded in 1866 and is based in Vaud, Switzerland. The specialities of this company include ice creams, confectionary, healthcare nutrition, frozen food, and infant nutrition, among others.

Other market players include Mondelez International, Inc., Ferrero International S.A, Chocoladefabriken Lindt & Sprüngli AG, Ferrara Candy Company, Las Sevillanas, Dulces de la Rosa, and XIOCOLAT, among others.

Key Highlights of the Report