Global Diabetic Food Market to Grow at a steady rate during the forecast period
Rising health concerns and increased awareness about diabetic food are expected to drive the growth of global diabetic food market during the forecast period.
According to TechSci Research report, “Global Diabetic Food Market By Product Type (Baked Products, Beverages, Confectionery, Ice Cream, Dairy Products and Breakfast Cereals), By Distribution Channel (Grocery Stores, Supermarkets/Hypermarkets, Online, Drug Stores/Pharmacies and Others), By Age Group (below 28, 28 and above), By Company, By Region, Forecast & Opportunities, 2025”, global diabetic food market is expected to grow at a steady CAGR during the forecast period. Diabetic food is specially meant for diabetic patients and constitutes of reduced fats and carbohydrates which help to maintain glucose level in blood. Diabetic food products are not only consumed by diabetic people but are also consumed by people who follow a diet plan and take precautions against diabetes. Rising diabetic pollution is a key factor driving the market. Rapid urbanization has transformed the lifestyle of people and made it unhealthier. People consume more junk food and are picking up health problems caused due to obesity. All these factors have risen the diabetic population, thereby surged the market growth. Rising health concerns and increasing consumer awareness about various methods to maintain their glucose level is also expected to bolster the market growth. However, high cost of diabetic foods can restrain the market growth over the next few years. Moreover, sugar substitutes are also gaining popularity which can cause a threat to the market growth. Also, lack of awareness pertaining to the availability of diabetic foods especially in the emerging countries is further expected to slow down the market growth.
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Global diabetic food market is segmented on the basis of product type, distribution channel, age group, company, and region. Based on product type, the market is further segmented into baked products, beverages, confectionery, ice cream, dairy products, and breakfast cereals. Amongst these, the beverages segment is expected to hold the largest share in the market owing to the high demand of low calories and sugar free products all over the world. However, baked products segment is projected to expand the maximum during the forecast period which can be attributed to their low-fat content.
Based on regional analysis, the market was dominated by North America due to the rising cases of chronic diseases in the country and large pool of health conscious population. North America is followed by Europe and Asia in terms of value. However, the Asia-Pacific is expected to register the maximum growth in the forecast period due to the rising industry of confectionary and dairy along with the increasing consumer awareness pertaining to the health benefits of diabetic products.
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Some of the leading players in global diabetic food market are Nestle S.A., Unilever Plc, PepsiCo Inc., Cadbury Plc, The Coca-Cola Company, Kellogg Company, Fifty 50 Foods, Inc., Mars Inc., Sushma Gram Udyog, Newtrition Plus Health and Wellness Pvt. Ltd., Amber Lyn and David Chapman’s Ice Cream Limited, Al Safi Danone Co. Ltd., Dabur India Ltd., RJ Corp., Unibic Foods India Pvt. Ltd and others. The companies adopt various organic and inorganic strategies to stay firm in the market.
“Global diabetic food market is expected to grow at a steady rate in the upcoming five years. The diabetes prevalence on the global level is estimated to be 9.3% or 463 million people, which is expected to touch 10.2% or 578 million people by the year 2030 and 10.9% or 700 million people by the year 2045. Thus, the rapid increase in the diabetic population in the world is the major reason which has fostered the market growth,” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.
“Global Diabetic Food Market By Product Type (Baked Products, Beverages, Confectionery, Ice Cream, Dairy Products and Breakfast Cereals), By Distribution Channel (Grocery Stores, Supermarkets/Hypermarkets, Online, Drug Stores/Pharmacies and Others), By Age Group (below 28, 28 and above), By Company, By Region, Forecast & Opportunities, 2025” has evaluated the future growth potential of global diabetic food market and provided statistics & information on market size, shares, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges and opportunities in global diabetic food market.
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