Global Sugar Free Mints Market Report and Forecast 2024-2032

Global Sugar Free Mints Market Outlook

The global sugar free mints market size reached a value of approximately USD 679.46 million in 2023. The market is further expected to grow at a CAGR of 6.0% between 2024 and 2032, reaching a value of USD 1147.97 million by 2032.

Key Trends in the Market

Sugar free mints refer to sugar free candies designed to provide a refreshing minty taste, with the mint flavour in these candies offering a cooling sensation and freshening breath without adding calories or increasing sugar intake. These types of mints are typically made with added sweeteners or sweet alcoholic syrups and often contain natural sweeteners such as stevia and xylitol.

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• Increasing health awareness is projected to boost the consumption of sugar free mints across the globe in the upcoming years. This boost in consumption can also be attributed to the lower calory count of sugar free mints and the absence of sugar.

• Easy availability of sugar free mints across various distribution channels is another key trend projected to aid the growth of the sugar free mints market. The growing availability of sugar free mints through various online and offline channels is anticipated to enhance customer convenience, thus propelling the market expansion.

• Rising popularity of different flavours of sugar free mints are leading to increased sales, as more consumers try out alternative flavours. Development of new flavours and combinations of sugar free mints is anticipated to be a key trend in the sugar free mints market over the forecast period.

Market Analysis

On the basis of nature, the market is bifurcated into organic and conventional. Based on flavour, the market is divided into peppermint, sweet mint, bubble mint, and freeze mint, among others. By distribution channel, the market is segmented into hypermarkets and supermarkets, pharmacies, convenience stores, and online, among others. On the basis of region, the sugar free mints market is segregated into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.

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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 global sugar free mints market, covering their competitive landscape and latest developments like mergers, acquisitions, investments, and expansion plans.

• Mondelez International

• The Hershey Company

• Mars, Incorporated

• Albanese Candy

• Atkinson Candy Company

• Perfetti Van Melle Group B.V.

• Nestle S.A.

• Ferndale Confectionery Pty Ltd

• The PUR Company Inc.

• Rio Mints & Sweeteners BV

• Others

Market Share by Nature

The conventional segment, by nature, is anticipated to witness significant growth in the sugar free mints market in the upcoming years. This growth can be attributed to the cost-effective nature of the conventional sugar free mints as opposed to their organic counterparts. The low costs of such candies make them preferred by individuals who are in the habit of regular consumption of sugar free mints. However, organic sugar free mints are expected to increase in demand over the forecast period as interest in organic products continues to rise and manufacturers expand their product offerings.

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Market Share by Region

The North America region accounts for a sizable share of the global market for sugar free mints, fuelled by the widespread prevalence of consuming mints and growing health consciousness. Consumers in North America are increasingly becoming aware of the health and dental drawbacks of traditional mints and sugar, leading to an enhanced interest in sugar free mint variations. The rising prevalence of obesity, diabetes, and pre-diabetes is leading many consumers to switch to sugar free mints. The strong presence of key players in the region and extensive advertising and promotions are further boosting the sugar free mints market in North America.

Competitive Landscape

Mondelez International is a food and beverage manufacturing company that was founded in 2012 and is based in Illinois, United States. Various iconic brands are a part of Mondelez International, including Cadbury Dairy Milk, Oreo, and Toblerone chocolate, among others.

The Hershey Company is an industry leading snacks manufacturing company that was established in 1894 and is headquartered in Pennsylvania in the United States. The company offers a wide range of snacking foods, ranging from healthy options to indulgence snacks.

Mars, Incorporated, founded in 1911 and based in Virginia, United States, is one of the world’s leading manufacturers of chewing gum, chocolate, fruity confections, and mints. The key divisions of the company include Mars Wrigley, Mars Food, Mars Edge, and Mars Petcare.

Other market players include Albanese Candy, Atkinson Candy Company, Perfetti Van Melle Group B.V., Nestle S.A., Ferndale Confectionery Pty Ltd, The PUR Company Inc., and Rio Mints & Sweeteners BV, among others.

Key Highlights of the Report