Diabetic Food Products Market

Diabetic Food Products Market Size, Growth (2023-2028)

The Global Diabetic Food Products Market size is valued at US$ 7.8 Billion in 2022 and is anticipated to increase at US$ 10.1 Billion by 2028, with a growing CAGR 4.20% of in the next six years.

Market Overview:

Diabetic Food Products are low in carbohydrates and sugars and are diet products that help control blood sugar levels. Diabetic is a disease characterized by high blood sugar levels due to a lack of insulin or a lack of cellular responses to the insulin produced by the body. In addition to this, diabetes damages various other parts of the body such as the brain, nerves, eyes, kidneys, and feet. Foods like brown rice, cereals, oatmeal, millet, quinoa, and roasted sweet potatoes are considered healthy foods for people with diabetes. These products can also be consumed by non-diabetic patients as a preventive measure to prevent future disease outbreaks. They also include low calorie sweeteners, diet drinks that contain low calorie sweeteners such as aspartame, lactitol, and sorbitol.

Recent Developments in Diabetic Food Products Industry:

• In January 2020, Nestlé and Merit Functional Foods signed a joint development agreement to expand their supply of pea and canola protein.
• In December 2019, Caelus Health, a developer of food supplements and drugs for the prevention and treatment of metabolic disorders of the heart, signed a strategic partnership with Nestlé Health Science (NHSc).

Diabetic Food Products Market Growth:

The increasing aging of the population and growing consumer awareness of the benefits of eating healthy foods will contribute to the development of global Diabetic Food Products market.

REPORT COVERAGE:

Drivers:

The surge in the diabetic population around the world is a major factor driving the growth of the Diabetic Food Products market, with an increased awareness of the various health problems associated with diabetes. Consumers are becoming increasingly aware of the precautions they can take against diabetes. Also, the prevalence of obesity and diabetes due to lack of physical activity among children and adolescents is contributing to the growth of the Diabetic Food Products market. Besides, rapid digitization and a thriving e-commerce industry are driving manufacturers and suppliers to adopt online retail systems to offer consumers a wide range of products. This contributes greatly to the growth of the market, with the proliferation of supermarkets and hypermarkets, an increase in the elderly population and an increase in disposable income. Also, research and development (R&D) to develop diabetic foods and a wide range of products according to the needs of consumers are propelling the growth in this industry. Increasing awareness of health issues, diabetes issues, and rising obesity is also contributing to the growth of the Diabetic Food Products business. Rising blood sugar and increased health complexity, driven by an aging population, are having a positive impact on the demand for Diabetic Food Products.

The Diabetic Food Products market has grown significantly in recent years. The increasing incidence of diabetes is primarily driving the demand for these products around the world. In addition, health-conscious consumers are showing interest in low calorie foods as part of preventive measures to prevent diabetes. Hectic lifestyles and increasing demand for junk food are leading to diabetes, which is expected to increase the demand for Diabetic Food Products over the next few years. Also, diabetes cases in children and adolescents are suppsoed to increase due to lack of physical activity. The rapid increase in diabetes cases among young people and children has raised concerns that are pushing older people to adapt to diabetic foods. Other health benefits, such as a higher metabolic rate and better digestion, also affect consumer preference for Diabetic Food Products. Increased awareness of diabetes, coupled with consumer precautions, is expected to spur Diabetic Food Products market growth. A key factor is that growing awareness of the various health problems associated with diabetes is likely to drive the growth of the Diabetic Food Products market size. Lifestyle improvements, along with an increase in the population's disposable income, are estimated to drive growth in the worldwide Diabetic Food Products market. Also, as the prevalence of juvenile diabetes in children increases, population growth is likely to fuel the growth of the Diabetic Food Products market.

As the health wellness market trend increases, increased consumer spending on healthy foods is foreseen to boost the growth of the Diabetic Food Products market. Increased awareness of Diabetic Food Products and increased consumption of sugar substitutes are estimated to create many opportunities for the growth of the Diabetic Food Products business in future. Manufacturers' increasing focus on establishing new R&D centers to expand their market presence is anticipated to present potential opportunities for the Diabetic Food Products industry. Additionally, lifestyle changes coupled with increasing demand for functional foods by health-conscious consumers are expected to drive the growth of the Diabetic Food Products market during the conjecture period. The growth of the food and beverage industry is one of the main factors driving the growing demand for Diabetic Food Products. The increasing trend of health awareness among consumers is one of the main factors influencing the expansion of the Diabetic Food Products market. Increasing investment capital from manufacturing companies in research and development to introduce a variety of products opens up enormous growth opportunities in the global Diabetic Food Products market.

Restraints:

By using low calorie sweeteners and other healthy ingredients, the high cost of diabetic food adds to the overall cost of food. Therefore, the high cost of this food is estimated to hamper the growth of the Diabetic Food Products market. Lack of awareness of the health benefits of diabetic foods among consumers is hampering the demand for food. Therefore, the lack of food awareness in rural areas is supposed to limit the growth of the Diabetic Food Products business in the near future.

Diabetic Food Products Market Segmentation Analysis:

By product type, the Diabetic Food Products market is segmented into dairy products, bakery products, beverages, confectionery, spreads, snacks, etc.

On the basis of the distribution channels, the Diabetic Food Products market is divided into pharmacies or pharmacists, supermarkets and hypermarkets, online stores, grocery stores, etc.

On the basis of end users, the Diabetic Food Products market is divided into adult and children.

Geographical Segmentation Analysis:

• North America - the United States and Canada
• Europe - United Kingdom, Spain, Germany, Italy, and France
• The Asia Pacific - India, Japan, China, Australia, Singapore, Malaysia, South Korea, New Zealand, and Southeast Asia
• Latin America - Brazil, Argentina, Mexico, and Rest of LATAM
• The Middle East and Africa - Africa and Middle East (Saudi Arabia, UAE, Lebanon, Jordan, Cyprus)

Regional Analysis:

North America has become a major consumer of Diabetic Food Products in 2020 due to high blood sugar levels and increasing health complexity caused by an aging population, primarily in the United States. Additionally, obesity is another reason for the growing demand for Diabetic Food Products in the United States. Provides growth opportunities for the market. Europe is expected to witness a lucrative surge in demand as awareness of the region's healthy lifestyle increases. The Asia Pacific region is likely to record the fastest growth in the next nine years, with an average annual growth rate of 6.0%, especially in India, China and Japan, due to rapid globalization, the growth of the population and growing consumer disposable income. The Middle East and Latin America are the top regions in the world in terms of market share for diabetes.

Key Players in the Market:

Major Key Players in the Global Diabetic Food Products Market are

• Fifty 50 Food Inc
• David Chapman's Ice Cream Ltd
• Unilever Plc
• Nestlé SA
• The Coca-Cola Company
• Mars Incorporated
• Kellogg Co
• PepsiCo Inc
• Zen
• Cadbury Plc
• Anhui Elite International Trade Co. Ltd
• Sushma Gram Udyog
• Newtrition Plus Health & Wellness Pvt. Ltd
• Saputo Inc
• Amber Lyn
• Danone, Inc
• Hunan Hill Pharmaceuticals Co Ltd
• Wellness Pvt. Ltd
• Golden Farm Candies
• Mondelez International
• Hill Pharmaceutical