According to a new report published by Allied Market Research, titled, “Sugar Free Mints Market," The sugar free mints market size 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.
The key Sugar Free Mints Market Opportunity propelling the worldwide sugar-free mint market is the rise in oral health awareness among young and old people everywhere. Additionally, the increased use of tobacco products, smoking, and alcohol causes mouth-related issues like poor breath and discolored teeth. These have a significant impact on the global Sugar Free Mints Market during the forecast year.
The sugar-free mint market shows high growth potential in the North American region, due to the market participants' active in meeting customer expectations by introducing various flavors of mints, including herbs and spices and breath mints, the North American region is anticipated to have a sizable market share throughout the forecast period. In addition, those who smoke or drink alcohol more frequently are using mints and mouthwashes to cover up the scent. People who lead hectic lives and don't have time to practice good dental hygiene may also turn to mouthwash as a substitute.
On the other side, rising consumer anxiety over chemicals being swallowed and chewed down into the throat is the biggest barrier to the market for sugar-free mints. The global market for sugar-free mints is projected to experience a continuous reduction as a result of this difficulty. To counterbalance the sales of sugar-free mint during the forecast period, leading players in the market for non-chemical sugar free mint are spreading awareness and busting myths.
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According to the Sugar Free Mints 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. The conventional segment accounted for the largest market share in 2021 and is projected to maintain its dominance during the Sugar Free Mints Market Forecast period. Manufacturers frequently use sugar-free mint because it is economically feasible to produce big quantities of it using standard methods. The rising awareness of the health benefits of sugar-free mint contributes to an increase in the consumption of bakery goods in developing nations because consumers in these economies are price-conscious when making decisions, which in turn, enhanced the Sugar Free Mints Market Demand.
As per flavor, it is segmented into peppermint, sweet mint, bubble mint, freeze mint, and others. The peppermint segment accounted for the largest Sugar Free Mints Market Share in 2021 and is projected to maintain its dominance during the forecast period. The peppermint segment of Sugar Free Mints Market Size $228.5 million in 2021. The increasing trend of customers' preferences regarding taste and quality, along with healthy ingredients, fuels the Sugar Free Mints Market Growth.
According to distribution channel, the market is further segmented into hypermarket/supermarket, pharmacies, specialty store, convenience store and online store. The hypermarket/supermarket segment accounted for the largest market share in 2021 and is projected to maintain its dominance during the forecast period. Supermarket and hypermarket are gaining traction due to rapid rise in disposable income and increased influence of western culture propelling the growth of supermarkets.
Region wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA. The North America region accounted for the largest market share in 2021 and is projected to maintain its dominance during the forecast period. Surge in demand for fortified foods & beverages in countries such as the U.S., Canada, and Mexico is leading new path for development of the sugar free mint market in North America.
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The key companies profiled in sugar free mints 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.The report includes the analysis of the Sugar Free Mints Market Trends, key players, market segments, applications and market growth strategies.
Key findings of the study
- By nature, the organic segment is estimated to witness the 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 the 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.
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