Diabetic Food Market, Size, Global Forecast 2023-2028, Industry Trends, Growth, Share, Outlook, Impact of Inflation, Opportunity Company Analysis

Diabetic Food Market, Size, Global Forecast 2023-2028, Industry Trends, Growth, Share, Outlook, Impact of Inflation, Opportunity Company Analysis

Diabetic Food Market will reach US$ 15.49 Billion by 2028, according to Renub Research. Food consumption is predicted to expand in lockstep with the rising world population. Concurrently, the number of people suffering from chronic metabolic illnesses, notably diabetes, has increased significantly. As a result, the demand for diabetic food items has continuously expanded. Diabetes is becoming more common throughout the world, increasing demand for diabetic dietary items. Disease vulnerability has been influenced by genetic and epigenetic factors, putting the human genome's defense systems to the test. Diabetes or pre-diabetes care relies heavily on lifestyle and dietary decisions, which lead to the use of diabetic foods. Diabetic foods are specially developed nutritional items with reduced carbohydrate and sugar content that help in blood glucose management. These specialized food sources differ greatly from the average person's diet.

Customers who are health-conscious are showing an interest in low-calorie food products as a preventive step against diabetes. The expanding diabetic population throughout the world, together with increased knowledge of various health conditions associated with diabetes, is the primary factor driving worldwide market expansion. According to the IDF, 537 million individuals (20–79 years old) will have diabetes by 2021, accounting for one in every ten people. This figure is expected to climb to 643 million by 2030 and 783 million by 2045. The rising prevalence of obesity and diabetes due to a lack of physical exercise among children and adolescents is also fueling market expansion. Customers are becoming more aware of diabetes prevention strategies.

From 2022 to 2028, the Diabetic Food Market will expand at a 5.79% CAGR

By catering to a diversified consumer base, research and development activities, as well as a diverse product range, are driving market growth. Because of digitization and the booming e-commerce business, producers and vendors have embraced online retail systems, giving clients a diverse choice of items. The proliferation of supermarkets and hypermarkets, as well as the aging population and rising disposable income, all contribute to market expansion. The expanding use of artificial sweeteners such as aspartame, acesulfame potassium, and neo-tame as sugar substitutes, as well as increased awareness of the health risks associated with diabetes, are driving expansion in the diabetic food industry. The rising incidence of diabetes worldwide is a major driver of the diabetic food market expansion.

The rise in diabetes and obesity among children and adolescents as a result of sedentary lifestyles, along with increased R&D investments by firms to offer a diverse variety of products, drives market expansion even further. Furthermore, rising disposable income, desire for nutritious food, development of confectionary and bakery businesses, expanding health consciousness, and enhanced preventative actions by consumers all benefit the market for diabetic food. The diabetic food market was valued at US$ 11.05 Billion in 2022.

Diabetes diet beverage market is expected to continue growing in the near future

By Application, the diabetic food market is segmented into Confectionery, Ice Creams and Jellies, Dietary Beverages, Baked Products, Dairy products, and others (including snacks). The Diabetes diet beverage market is constantly expanding, driven by an increase in diabetes incidence and a need for healthier beverage options. These beverages are particularly intended to fulfill the nutritional needs of diabetics with reduced sugar and carbohydrate content. Rising consumer health consciousness, as well as a varied array of innovative and appealing products, is driving the diabetic food market. The introduction of diabetic-friendly components, as well as developments in research and development, all contribute to the Diabetes food market growth.

Diabetic food industry is seeing tremendous expansion in the Health Food Store category

The diabetic food market is segmented into supermarkets and hypermarkets, health food stores, discount stores, internet sales, and others based on distribution. Health food stores are becoming key destinations for individuals searching for acceptable solutions as the demand for specialty food products for diabetes control develops. These establishments provide a wide range of diabetic-friendly items, including low-sugar snacks, whole-grain products, sugar substitutes, and organic selections. Consumers' growing health consciousness, along with an emphasis on preventative healthcare, has propelled the rise of this market. Health food stores provide a convenient and dependable source for diabetics to get healthy and appropriate food selections, contributing to the overall growth of the diabetes food sector.

Diabetic food business in China is rapidly expanding

By Countries, the diabetic food market is broken up into the United States, Canada, United Kingdom, Russia, Germany, Spain, Italy, Netherlands, Norway, Sweden, Switzerland, India, China, Japan, Australia, Saudi Arabia, UAE, Kuwait, South Africa, Brazil, Mexico and Rest of the World. Customers in various areas such as Europe, North America, Asia Pacific, and the Rest of the World are showing interest in diabetic food items as a result of increased health consciousness throughout the world. Growing health complications caused by blood glucose rises and an aging population are also having a beneficial influence on the demand for diabetic dietary products. The aforementioned factors are expected to stimulate the expansion of the global diabetic food market during the research period.

With the increased prevalence of diabetes in China, there is a growing need for specific food items that satisfy diabetics' nutritional needs. Low-sugar snacks, sugar substitutes, whole-grain foods, and healthier alternatives are among the diabetic-friendly options on the market. Diabetes food market growth has been fueled by rising health consciousness among Chinese consumers as well as government initiatives to promote healthy eating habits. Market participants are continually introducing new products to meet the changing needs of the Chinese people, resulting in a rapidly increasing and appealing market sector.

Key Players

Nestle S.A., Unilever PLC, Kellogg Company, Danone S.A., and Coca-Cola are among the top participants in the worldwide diabetic food business. They contribute to the growth and development of the diabetic food sector with their significant experience and global reach. Because of their significant market presence and emphasis on quality, they are vital contributors to the worldwide diabetic food industry.

Renub Research latest Report ""Diabetic Food Market By Application (Confectionery, Ice Creams and Jellies, Dietary Beverages, Baked Products, Dairy Products, and Others (including snacks)), Distribution (supermarkets and hypermarkets, health food stores, discount stores, internet sales, and others), Country (United States, Canada, United Kingdom, Russia, Germany, Spain, Italy, Netherlands, Norway, Sweden, Switzerland, India, China, Japan, Australia, Saudi Arabia, UAE, Kuwait, South Africa, Brazil, Mexico and Rest of the World), Company Analysis (Nestle S.A., Unilever PLC, Kellogg Company, Danone S.A., and Coca-Cola)"" provides complete details on Diabetic Food Industry.

Application – Diabetic Food Market breakup by 6 viewpoints

1. Confectionery
2. Ice Creams and Jellies
3. Dietary Beverages
4. Baked Products
5. Dairy Products
6. Others (including snacks)

Distribution – Diabetic Food Market breakup by 5 viewpoints

1. Supermarkets/Hypermarkets
2. Health Food Store
3. Discount Store
4. Online Sales
5. Others

Country – Diabetic Food Market breakup by 22 viewpoints

1. North America

1.1 United States
1.2 Canada

2. Europe

2.1 United Kingdom
2.2 Russia
2.3 Germany
2.4 Spain
2.5 Italy
2.6 Netherlands
2.7 Norway
2.8 Sweden
2.9 Switzerland

3. Asia-Pacific

3.1 India
3.2 China
3.3 Japan
3.4 Australia

4. Middle East & Africa

4.1 Saudi Arabia
4.2 UAE
4.3 Kuwait
4.4 South Africa

5. Latin America

5.1 Brazil
5.2 Mexico

6 Rest of the World

All key players have been covered from 3 viewpoints

• Overview
• Recent Development
• Revenue

Company Analysis:

1. Nestle S.A.
2. Unilever PLC
3. Kellogg Company
4. Danone S.A.
5. The Coca-Cola Company