Guilt-Free Desserts Market Analysis 2021; Region Wise Analysis of Top Players in Market and Its Segmentation
Market
Forecast
In
2019, the global Guilt-Free Desserts Market Analysis was valued at USD 909.7
million and is expected to register a CAGR of 7.3% between 2020 and 2027.
Guilt-free
desserts are made from low calorie and natural ingredients. These can also be
plant-based. Guilt-free desserts are gaining huge traction in the market off
late. Rising health consciousness across the globe has been a key factor behind
its growth. Increasing trend of veganism and flexitarianism across North
American and European population has been a major factor toward the growth of Guilt-Free
Desserts Market Analysis. Additionally, advent of many food tech
startups specializing in organic and plant-based desserts across the globe has
further proliferated the market in recent times. Furthermore, advent of many
food based online channels specializing in providing various healthy and
nutritious foods are also anticipated to crate lucrative opportunities during
the review period.
The
outbreak of Covid-19 has created lucrative opportunities for many food-based
companies along with food startups across the globe. The pandemic has resulted
in a shift in consumer taste and preference toward healthy and nutritious
foods. Considering these lucrative opportunities, many food companies along
with startups have launched vegan desserts. Therefore, the outbreak of Covid-19
is expected to create substantial growth opportunities during the review
period.
Key
Players
- Unilever
- Bliss
Unlimited, LLC
- Danone
S.A.
- Cado
- Daiya
Foods Inc.
- Ben
& Jerry's Homemade, Inc.
- Alternative
Foods
- Grupo
Bimbo
- Karma
Baker
- HP
Hood (Planet Oat)
Market
USP
Increasing
consumer awareness toward healthy and nutritious food
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Growth
Opportunities in the Market
Growing
demand for organic and vegan cakes & pastries: Shift
in consumer taste and preference toward healthy and nutritious foods have led
toward the growth of the market during the review period. Cakes and pastries
are most common forms of desserts used for consumption. Hence, the segment is
expected to create lucrative opportunity in coming years.The cakes and pastries
segment is expected to remain dominant during the forecast period.
Food
retail segment to remain dominant distribution channels: Food
retail segment dominated the global Guilt-Free Desserts Market Analysis. The
food retail segment has been divided into supermarkets & hypermarkets,
convenience stores, specialty stores, and others. Strong consumer reach along
with availability of numerous product offerings have contributed to the
dominance of the segment. The segment generated a market share of approximately
70% in 2019 and is anticipated to remain dominant during the review period.
However, the food service segment is also anticipated to witness substantial
growth in near future. Seeing the lucrative opportunities, many hotel HoReCa
chains are expected to include vegan desserts in their menu in the upcoming
years.
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