Overview and Scope
Diabetic foods are dietary products with low carbohydrate and sugar content that aid in blood glucose regulation.
Sizing and Forecast
The diabetic foods market size has grown rapidly in recent years. It will grow from $11.59 billion in 2023 to $13.19 billion in 2024 at a compound annual growth rate (CAGR) of 13.8%. The growth in the historic period can be attributed to increasing diabetes prevalence, rising health consciousness, government initiatives and regulations, changing consumer preferences, marketing and awareness campaigns.
The diabetic foods market size is expected to see rapid growth in the next few years. It will grow to $20.79 billion in 2028 at a compound annual growth rate (CAGR) of 12.0%. The growth in the forecast period can be attributed to personalized nutrition trends, e-commerce growth, clean label and natural ingredients. Major trends in the forecast period include technological innovations, e-commerce and online retailing, technological advancements in ingredients, customized nutrition solutions, rising diabetic population.
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Segmentation & Regional Insights
The diabetic foods market covered in this report is segmented –
1) By Product Type: Bakery Products, Dairy Products, Confectionery Products, Beverages, Snacks, Other Product Types
2) By Distribution Channel: Supermarkets and Hypermarkets, Drug Stores Or Pharmacies, Online Stores, Other Distribution Channels
3) By End User: Childrens, Adults
Asia-Pacific was the largest region in the diabetic foods market in 2023. Western Europe was the second-largest region in the global diabetic foods market. The regions covered in the diabetic foods market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Major Driver Impacting Market Growth
Increasing cases of juvenile diabetes among children and youth is a key factor driving the growth of the diabetic food market going forward. Type 1 diabetes, often referred to as juvenile diabetes, is the most common form of diabetes among young individuals, accounting for around 90% of cases. For those with type 1 diabetes, healthcare professionals often recommend following the Mediterranean diet. This dietary plan is rich in nutrient-dense foods, including fresh vegetables, oranges, plant-based fats like olive oil and nuts, as well as fish such as sardines, with occasional consumption of meat and dairy product. For instance, according to the National Center for Biotechnology Information, a US-based series of databases relevant to biotechnology and biomedicine, in 2021, over 1.2 million children and adolescents have type 1 diabetes. Therefore, the increasing number of cases of juvenile diabetes among children and youth is expected to drive the growth of the diabetic food market.
Key Industry Players
Major companies operating in the diabetic foods market report are Nestlé S.A., PepsiCo Inc., Unilever plc, Tyson Foods Inc., Mars Incorporated, Abbott Laboratories, The Coca-Cola Company, Mondelez International Inc., Danone S.A., General Mills Inc., Kellogg Company, Cadbury plc, Saputo Inc., Conagra Brands Inc., The Hershey Company, Hain Celestial Group, Hunan Hill Pharmaceuticals Co. Ltd., Dabur India Ltd., David Chapman’s Ice Cream Ltd., Golden Farm Candies Ltd., Atkins Nutritionals Inc., Anhui Elite International Trade Co. Ltd., Newtrition Plus Health & Wellness Pvt. Ltd., Zen Health Japan Co. Ltd., Amber Lyn International Ltd., Wellness Pvt. Ltd., Sushma Gram Udyog, Bio Hill Pharmaceutical Ltd.
The diabetic foods market report table of contents includes:
1. Executive Summary
2. Diabetic Foods Market Characteristics
3. Diabetic Foods Market Trends And Strategies
4. Diabetic Foods Market – Macro Economic Scenario
5. Global Diabetic Foods Market Size and Growth
…..
32. Global Diabetic Foods Market Competitive Benchmarking
33. Global Diabetic Foods Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Diabetic Foods Market
35. Diabetic Foods Market Future Outlook and Potential Analysis
36. Appendix
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