September 4, 2023

Diabetic Food Market, Size, Share, Growth | Forecast (2023-2028) | Renub Research

In a report named “Diabetic Food Market: Global Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2022-2028,” issued recently by Renub Research, market share insights are incorporated along with a detailed industry analysis. The analysis of competitors, topographical regions, and growth for diabetic food market is also enclosed in the report.

Between 2022 and 2028, the diabetic food market will grow at a CAGR of 5.79%. Presently, diabetes is one of the major factors driving the expansion of this business vertical. According to the International Diabetes Foundation, 537 million adults (20-79 years old) will have diabetes, accounting for 1 in 10, which is expected to rise to 643 million by 2030 and 783 million by 2045. Lack of physical hobbies will increase demand for the product in the coming years due to an increase in digestive disorders and obesity, including the prevalence of adolescent diabetes, and will lead to an increase in demand for diabetic foods. Countries plagued by coronary heart disease and obesity may also show growth potential in the diabetic food market. Thus, the rising prevalence of diabetes is expected to drive the market.

Consumers’ growing awareness of diabetes and its long-term consequences has prompted them to focus on their diets, sugar intake, and weight gain. Many companies have launched awareness campaigns to educate people about the growing diabetic population and the emergence of new labels and products in this space. Furthermore, diabetic food manufacturers are entering new market segments with new products such as low-fat dairy items, diabetic baked goods, and confectionery, dietary beverages and snacks, low-calorie sugar jellies and ice creams. So, Diabetic Food Market will value about US$15.49 billion by 2028.

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Furthermore, increasing research and development (R&D) to produce diabetic food products, and a diverse product portfolio that caters to the needs of a diverse consumer base, are catalysing market growth. Thus, rapid digitalization and a thriving e-commerce industry, manufacturers and vendors are adopting online retail systems to provide a diverse product range to consumers. The proliferation of supermarkets and hypermarkets, an aging population, and rising disposable income all contribute significantly to market growth.

Dietary beverages are poised to continue growing in the diabetic food market due to their appeal to health-conscious consumers seeking convenient, low-sugar alternatives.

As diabetes awareness rises, individuals are actively seeking products that align with their dietary needs, such as beverages with reduced sugar content and better glycemic control. The inclusion of functional ingredients like artificial sweeteners and natural extracts further enhances the market’s appeal. With changing lifestyles and an increasing demand for better nutrition management, dietary beverages offer a promising avenue for sustained growth in the near future within the diabetic food market.

Application – Diabetic Food Market breakup by 6 viewpoints

Confectionery
Ice Creams and Jellies
Dietary Beverages
Baked Products
Dairy Products
Others (including snacks)

The diabetic food market is experiencing substantial growth within the Health Food Store category due to dietary needs of consumers.

Health food stores have become go-to destinations for individuals managing diabetes, offering a curated range of products tailored to their specific requirements, such as low-sugar, low-carb, and diabetic-friendly options. These stores often prioritize natural and organic offerings, appealing to those seeking cleaner ingredient profiles. Moreover, the health food store environment fosters a sense of community and personalized guidance, which is particularly vital for individuals navigating the complexities of dietary restrictions associated with diabetes.

Distribution – Diabetic Food Market breakup by 5 viewpoints

Supermarkets/Hypermarkets
Health Food Store
Discount Store
Online Sales
Others

China is highly positioned in diabetic food business for significant growth as it addresses the needs of a growing diabetic population.

The increasing prevalence of diabetes, driven by lifestyle changes and an aging population, has created a substantial demand for specialized food products catering to diabetic dietary needs. Moreover, growing health consciousness and rising awareness about diabetes management have led consumers to seek out healthier alternatives. The market’s expansion is further facilitated by the availability of innovative ingredients and technologies that allow for the creation of diabetic-friendly options without compromising taste or quality. Furthermore, government initiatives promoting health and wellness, coupled with collaborations between food manufacturers and healthcare institutions, have boosted the development and accessibility of diabetic food products.

Country – Diabetic Food Market breakup by 22 viewpoints

North America

1.1 United States

1.2 Canada

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

Asia-Pacific

3.1 India

3.2 China

3.3 Japan

3.4 Australia

Middle East & Africa

4.1 Saudi Arabia

4.2 UAE

4.3 Kuwait

4.4 South Africa

Latin America

5.1 Brazil

5.2 Mexico

6 Rest of the World

Competitive Landscape.

The global diabetic food market is dominated by Nestle S.A., Unilever PLC, Kellogg Company, Danone S.A., and Coca-Cola.

All key players have been covered from 3 viewpoints.

Overview
Recent Development
Revenue

Company Analysis.

Nestle S.A.
Unilever PLC
Kellogg Company
Danone S.A.
The Coca-Cola Company

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