The Increasing Incidence of Diabetes in the World Is Driving the Growth of the Global Diabetic Food Market

 Diabetic Food Market

Diabetic Food Market, by Application (Dietary beverages, Ice cream, and jellies, Dairy products, Confectionery, Baked products, Others), and by Region (North America, Latin America, Europe, Asia Pacific, Middle East & Africa)- Size, Share, Outlook, and Opportunity Analysis, 2022 - 2030.

Market Overview:

Diabetic food refers to food and beverages that are specifically designed and formulated for individuals with diabetes. These products are created to help individuals with diabetes manage their blood sugar levels and maintain a balanced diet.

Competitive Landscape:

Major players operating in the Global Diabetic Food Market include Herboveda India, Newtrition Plus Health and Wellness Pvt. Ltd, Mars Inc., Fifty 50 Foods, Inc., Kellogg, Company, The Coca-Cola Company, Cadbury Plc, PepsiCo Inc., Unilever Plc, and Nestle S.A.

Global Diabetic Food Market Was Valued At Us$ 11.8 Billion In 2021 In Terms Of Revenue, Exhibiting A Cagr Of  5.9% During The Forecast Period (2022 To 2030).

Key Market Drivers:

The increasing prevalence of diabetes worldwide is a major driver for the diabetic food market. Sedentary lifestyles, unhealthy eating habits, and the growing prevalence of obesity contribute to the rise in diabetes cases. As a result, individuals with diabetes are seeking suitable food options that help them maintain stable blood sugar levels. This is expected to augment the growth of the global Diabetic Food Market. For instance, according to the International Diabetes Federation (IDF), there are around 537 million adults in the world, who are living with diabetes.

The increasing awareness of the importance of a healthy diet and the desire for healthier food choices have propelled the demand for diabetic food products. Consumers, not just those with diabetes, are seeking food options that are low in sugar, carbohydrates, and artificial ingredients, promoting overall well-being.

Governments across various countries are implementing initiatives and regulations to address the rising prevalence of diabetes and promote healthier lifestyles. These initiatives often include guidelines and recommendations for diabetic food products, leading to increased consumer demand. This is estimated to enhance the growth of the global Diabetic Food Market.

The food industry has witnessed technological advancements and product innovations in the development of diabetic food products. Companies are investing in research and development to create products with improved taste, texture, and nutritional profiles. The introduction of new flavors, convenient packaging, and better formulations attract consumers to the market.

Covid-19 Impact Analysis:

The COVID-19 pandemic has highlighted the importance of maintaining good health and a strong immune system. This has led to increased health consciousness among consumers, including those with diabetes, who are seeking food options that support their immune health. The demand for diabetic food products with added functional ingredients and immune-boosting properties has witnessed growth. This drove the growth of the global Diabetic Food Market. For instance, in January 2020, Nestlé and Merit Functional Foods partnered in order to scale the canola and pea protein supply.

Key Takeaways:

·        North America is expected to dominate the growth of the global diabetic food market. The region has a high prevalence of diabetes, a well-established healthcare infrastructure, and a growing focus on health-conscious food choices. The United States and Canada are the major contributors to the market in this region. For instance, according to the Diabetes Research Institute, around 37.3 million individuals in the U.S. are living with diabetes.

·        The Asia Pacific is estimated to witness high growth in the global diabetic food market, owing to the increasing prevalence of diabetes, urbanization, changing lifestyles, and rising health awareness. Countries such as India, China, and Japan offer substantial growth opportunities in the diabetic food market. For instance, according to The Hindu, in 2021, there were around 101 million individuals in India, who were suffering from diabetes.