How to Break it to him

So long story short, I'm not really digging the guy I'm dating as much as I used to so I asked for us to take a break so I could think. But after a bit of contemplation I came to the fact of "yep definitely don't want a relationship with anyone right now, I prefer being single." but my question is how should I break it to him? He's a nice guy but he's also sensitive so the last thing I wanna do is hurt him...