Market Overview:
The global sugar free mints market is expected to grow at a CAGR of 5.8% during the forecast period from 2018 to 2030. The growth in the market can be attributed to factors such as rising awareness about oral health, increasing demand for sugar-free products and growing inclination of consumers towards convenience foods. Based on type, the peppermint segment is expected to account for the largest share of the global sugar free mints market in 2018. This segment is also projected to grow at a CAGR of 5.9% during the forecast period from 2018 to 2030. The sweet mint segment is expected to be the second-largest segment in terms of revenue contribution in 2018 and is projected grow at a CAGR of 5.7%.
Product Definition:
Sugar free mints are a type of candy that does not contain any sugar. They are often used to freshen breath or to provide a flavor boost in foods and drinks.
Peppermint:
Peppermint is also known as spearmint and is a flavoring agent derived from the leaves of Mentha arvensis. It has been used for centuries in traditional medicines to relieve digestive issues, heartburn, gas, nausea and vomiting. Modern science has confirmed its effectiveness on reducing stomach acidity which can cause indigestion or heartburn. Peppermint oil also helps to stimulate the secretion of stomach acids which ultimately aids digestion.
Sweet Mint:
Sweet mint is also known as Spearmint and is one of the most popular flavors in the world. It has a very distinct aroma that comes from Mentha arvensis, a plant species native to Europe and western Asia. The flavor of sweet mints is due to its menthol content which provides coolness on digestion as well as relief from gas pain.
Application Insights:
Offline retail held the largest share of more than 60.0% in 2017. The segment is expected to expand at a steady CAGR over the forecast period owing to growing demand from consumers who are avoiding sugar intake for maintaining their health. Offline retailers also offer mints in small packs, which may help consumers avoid excessive consumption of calories and maintain their diet plan as well as reduce calorie intake by consuming less food per day.
Online sales are projected to witness significant growth over the forecast period owing to increasing consumer preference for purchasing products online due largely to convenience and ease of access they provide along with wider product availability across various stores at different times throughout the day, which helps them maintain a constant level of activity throughout the weekdays along with weekends.
Regional Analysis:
North America dominated the global market in 2017. The region is expected to witness a CAGR of XX% over the forecast period, owing to increasing awareness about sugar free products and presence of key manufacturers such as Hain Celestial Group, Inc., and Private Label Manufacturers (PLM) in this region. Asia Pacific is anticipated to be the fastest-growing regional market from 2018 to 2030 due to rising product demand as a result of growing health consciousness among consumers coupled with online shopping trend in developing economies including China and India.
Growth Factors:
- Increasing awareness about the health benefits of sugar free mints among consumers.
- Growing demand for sugar free mints from the diabetic population and those who are looking for ways to reduce their calorie intake.
- Rising popularity of sugar free mints as a healthy snack alternative among health-conscious consumers.
- increasing number of manufacturers entering the market, which is resulting in more product innovations and competitive pricing strategies being adopted by players in order to attract buyers 5
Scope Of The Report
Report Attributes
Report Details
Report Title
Sugar Free Mints Market Research Report
By Type
Peppermint, Sweet Mint, Bubble Mint, Freeze Mint, Others
By Application
Online Sales, Offline Retail
By Companies
The Hershey, Lotte Group, Perfetti Van Melle, Nestle, Mondel'z International, The PUR, Ferndale Confectionery, The Wrigley, Ferrero International
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
218
Number of Tables & Figures
153
Customization Available
Yes, the report can be customized as per your need.
Global Sugar Free Mints Market Report Segments:
The global Sugar Free Mints market is segmented on the basis of:
Types
Peppermint, Sweet Mint, Bubble Mint, Freeze Mint, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Online Sales, Offline Retail
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- The Hershey
- Lotte Group
- Perfetti Van Melle
- Nestle
- Mondel'z International
- The PUR
- Ferndale Confectionery
- The Wrigley
- Ferrero International
Highlights of The Sugar Free Mints Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Peppermint
- Sweet Mint
- Bubble Mint
- Freeze Mint
- Others
- By Application:
- Online Sales
- Offline Retail
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Sugar Free Mints Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Sugar free mints are a type of sugar-free candy that typically contain artificial sweeteners such as aspartame.
Some of the major players in the sugar free mints market are The Hershey, Lotte Group, Perfetti Van Melle, Nestle, Mondel'z International, The PUR, Ferndale Confectionery, The Wrigley, Ferrero International.
The sugar free mints market is expected to register a CAGR of 5.8%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Sugar Free Mints Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Sugar Free Mints Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Sugar Free Mints Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Sugar Free Mints Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Sugar Free Mints Market Size & Forecast, 2020-2028
4.5.1 Sugar Free Mints Market Size and Y-o-Y Growth
4.5.2 Sugar Free Mints Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Peppermint
5.2.2 Sweet Mint
5.2.3 Bubble Mint
5.2.4 Freeze Mint
5.2.5 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Online Sales
6.2.2 Offline Retail
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Sugar Free Mints Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Sugar Free Mints Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Peppermint
9.6.2 Sweet Mint
9.6.3 Bubble Mint
9.6.4 Freeze Mint
9.6.5 Others
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Online Sales
9.10.2 Offline Retail
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Peppermint
10.6.2 Sweet Mint
10.6.3 Bubble Mint
10.6.4 Freeze Mint
10.6.5 Others
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Online Sales
10.10.2 Offline Retail
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Peppermint
11.6.2 Sweet Mint
11.6.3 Bubble Mint
11.6.4 Freeze Mint
11.6.5 Others
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Online Sales
11.10.2 Offline Retail
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Peppermint
12.6.2 Sweet Mint
12.6.3 Bubble Mint
12.6.4 Freeze Mint
12.6.5 Others
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Online Sales
12.10.2 Offline Retail
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Peppermint
13.6.2 Sweet Mint
13.6.3 Bubble Mint
13.6.4 Freeze Mint
13.6.5 Others
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Online Sales
13.10.2 Offline Retail
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Sugar Free Mints Market: Competitive Dashboard
14.2 Global Sugar Free Mints Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 The Hershey
14.3.2 Lotte Group
14.3.3 Perfetti Van Melle
14.3.4 Nestle
14.3.5 Mondel'z International
14.3.6 The PUR
14.3.7 Ferndale Confectionery
14.3.8 The Wrigley
14.3.9 Ferrero International
