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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