USD 13 billion
Report ID:
SQMIG30H2115 |
Region:
Global |
Published Date: March, 2024
Pages:
198
|Tables:
66
|Figures:
75
Global Diabetic Food Market size was valued at USD 13 billion in 2022 and is poised to grow from USD 13.77 billion in 2023 to USD 21.78 billion by 2031, growing at a CAGR of 5.9% during the forecast period (2024-2031).
The rising prevalence of diabetes has increased the total demand for diabetic meals. According to the Centers for Disease Control and Prevention paper titled "The National Diabetes Statistics Report" issued in January 2022, roughly 37.3 million Americans, or nearly one in ten, were diagnosed with diabetes in 2021. Such factors are projected to boost overall market growth. The COVID-19 epidemic has had an impact on the whole food & beverage industry. According to the World Health Organization (WHO), healthy people, as well as those with acute chronic conditions or symptoms, are being asked to stay at home.
With the commencement of the pandemic, individuals became more health concerned and reduced their sugar intake to keep healthy and fit, as sugar is strongly linked to infections including diabetes, obesity, and pain syndrome, resulting in a demand for sugar-free or reduced-sugar products. Various rules govern the diabetic food sector throughout its full lifecycle, from manufacturing to end use. Diabetes goods utilized in medical facilities must closely adhere to the tough FDA rules in the United States. Health issues are caused by unhealthy lifestyles such as excessive working hours, sedentary lives, smoking, bad eating habits, and alcohol consumption, and are expected to have an impact on industry growth during the forecast period. A hectic lifestyle and increased demand for processed foods are also contributing to obesity, which is expected to fuel demand for diabetes food in the coming years.
The growing awareness of diabetic and its long-term effects has motivated them to pay closer attention to their diets, sugar consumption, and weight gain. Many firms have begun public awareness campaigns to inform consumers about the growing diabetes prevalence and the introduction of new labels and goods into the market. For example, the American Diabetic Association (ADA) announced in 2021 the launch of the Better Decisions for Life project, which focuses on education. The curriculum is designed to help customers understand ADA claims and item labeling.
Diabetic food manufacturers are expanding into new market segments by introducing new products such as dairy products with low fat content, dietary beverages and snacks, low-calorie sweets, jellies and ice creams, diabetic baked goods, and confectionery, which are expected to drive demand during the forecast period. For example, Lo! Foods, an Indian business, brought its product range to the public. The new product line is low-carb, free of sugar, and has a glycemic index that is 50% lower. The items have been evaluated with Continuous Glucose Monitors (CGM) and blood sugar meters, and they are appropriate for diabetic users.
Growing corporate mergers and acquisitions to cater to a diverse variety of products are predicted to provide enormous growth potential for industry participants. For example, in September 2021, India-based Healthtech Startup BeatO bought Novique Health to assist individuals with diabetes management. The company would assist people with diabetic by addressing the fundamental cause of diabetes, recommending appropriate prevention measures, and teaching them about diabetic dietary options available on the market.
US Diabetic Food Market is poised to grow at sustainable CAGR for the next forecast year.
Global Market Size
USD 13 billion
Largest Segment
Dairy Products
Fastest Growth
Confectionery
Growth Rate
5.9% CAGR
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The global diabetic food market is segmented on the basis of product, distribution channel, and region. Based on product the market is segmented into confectionery, snacks, bakery products, dairy products, and others. Based on distribution channel, the market is segmented into supermarkets & hypermarkets, specialty stores, online, and others. Based on region the global Diabetic Food Market is segmented into North America, Europe, Asia-Pacific, South America, and MEA.
Diabetic Food Market Analysis by Product
The dairy product segment led the diabetic food industry, with a sales share of more than 25.0%. According to an everyday wellness article, dairy products that are fermented such as yogurt are stated to be a natural source of probiotics, have a favorable influence on intestinal health, and are connected to improved levels of insulin and glucose in the body. Diabetic consumers choose Greek yogurt, string cheese, and fed grass-fed dairy products. The growing amount of product introductions in this area bodes well for the coming years. For example, in 2021, Chobani will sell Greek Yoghurt Mango & Cream with 0% sugar, 60 calories, and natural ingredients at retail locations in the United States for USD 4.29.
Confectionery, on the other hand, is expected to increase the fastest during the predicted period. Product introductions in the confectionary segment by important brands and startups all around the world have aided overall growth. Beyond Brands, for example, entered the sugar-free chocolate industry in 2021 by founding Good Sam Foods, a unique brand specialized to sugar-free product lines. The product line includes three chocolate bars: dark chocolate with nuts, dark chocolate with sea salt nibs and dark chocolate with mint.
Diabetic Food Market Analysis by Distribution Channel
The supermarkets and hypermarkets category dominated the diabetic food market, accounting for more than 65.0% of total revenue. The sheer number of hypermarkets and grocery stores dispersed over the world is the key driver of its high value generation. The convenience of having a wide variety of food items, including diabetic food, in one location is the key motivator for people to visit their local supermarkets and hypermarkets. Furthermore, new product releases at supermarkets in sectors such as bakery, dairy, or confectionery are likely to augur well for future segment growth.
However, the internet delivery channel is predicted to develop the fastest during the forecast period. The huge change towards online ordering by major stores such as the Amazon, Walmart.com, & Target.com is projected to favor the segment's growth Furthermore, diabetic food businesses and companies prefer to launch products through third-party online shopping shops. Amazon U.S., for example, sells diabetic snacks and meals under names that include Healthy Belly, PLANTERS, Simple Mills, & KIND.
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North America dominated the diabetic food market and accounted for the greatest revenue share due to rising health difficulties caused by high levels of blood sugar and an aging population, primarily in the United States. Furthermore, elevated cholesterol and blood pressure are key causes for the increased demand for diabetic meals in the United States, which is expected to present the market with growth opportunities.
The Asia Pacific diabetic food market is predicted to develop the quickest throughout the forecast period. The growing diabetic population that has elevated cholesterol, chronic renal disease, & obesity in nations such as China and India are likely to boost regional demand. Due to a significant affinity for such items, the Asia Pacific dairy and confectionery sector is expected to rise rapidly, assisting the regional diabetic foods market growth.
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Diabetic Food Market Drivers
Increasing Prevalence of Diabetes
Diabetic Food Market Restraints
High Product Development and Manufacturing Costs
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The diabetic food market is fragmented in nature, with global and regional companies present. These companies are increasing their consumer base as well as brand loyalty through large acquisitions with mergers, marketing efforts, and product releases. Furthermore, these players are developing new products such as white oats, oat bran, wheat porridge, and 100.0% organic components in diabetes foods with no chemical or hazardous substance.
Diabetic Food Market Top Player’s Company Profiles
Unilever (Netherland)
Mars Inc. (U.S)
Danone (France)
Abbott Nutrition (U.S)
Ancient Nutrition (U.S)
Zenwise Health (U.S)
Ample Foods (California)
Adani Group (India)
Ajinomoto (Japan)
Guangzhou Jintong (China)
Shenzhen Zeneca Bio-Technology (China)
Fifty 50 Foods (U.S)
Conagra Brands (U.S)
Kellogg's (U.S)
Tyson Foods (U.S)
Hain Celestial Group (New York)
Sushma Gram Udyog (India)
The Hershey Company (U.S)
Coca-Cola (Georgia)
Kate Farms (California)
Glucose Health (U.S)
Diabetic Food Market Recent Developments
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates and Analyzes the Data collected by means of Primary Exploratory Research backed by the robust Secondary Desk research.
According to our global diabetic food market analysis, the growing corporate mergers and acquisitions to cater to a diverse variety of products are predicted to provide enormous growth potential for industry participants. For example, in September 2021, India-based Healthtech Startup BeatO bought Novique Health to assist individuals with diabetes management. The company would assist people with diabetic by addressing the fundamental cause of diabetes, recommending appropriate prevention measures, and teaching them about diabetic dietary options available on the market. North America leads the market with Asia Pacific in close competition.
Report Metric | Details |
---|---|
Market size value in 2022 | USD 13 billion |
Market size value in 2031 | USD 21.78 billion |
Growth Rate | 5.9% |
Base year | 2023 |
Forecast period | 2024-2031 |
Forecast Unit (Value) | USD Billion |
Segments covered |
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Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
Companies covered |
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Customization scope | Free report customization with purchase. Customization includes:-
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Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Diabetic Food Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Diabetic Food Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Diabetic Food Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Diabetic Food Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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REQUEST FREE CUSTOMIZATIONDiabetic Food Market size was valued at USD 13 billion in 2022 and is poised to grow from USD 13.77 billion in 2023 to USD 21.78 billion by 2031, growing at a CAGR of 5.9% during the forecast period (2024-2031).
The diabetic food market is fragmented in nature, with and regional companies present. These companies are increasing their consumer base as well as brand loyalty through large acquisitions with mergers, marketing efforts, and product releases. Furthermore, these players are developing new products such as white oats, oat bran, wheat porridge, and 100.0% organic components in diabetes foods with no chemical or hazardous substance. 'Nestlé S.A.', 'The Coca-Cola Company', 'Unilever PLC', 'PepsiCo, Inc.', 'Mars, Incorporated', 'Kellogg Company', 'Abbott Laboratories', 'Cadbury Schweppes PLC', 'The Hershey Company', 'General Mills, Inc.', 'Johnson & Johnson', 'Kraft Heinz Company', 'MondelÄz International, Inc.', 'The Procter & Gamble Company', 'Amara Raja Group', 'Danone S.A.', 'Novo Nordisk A/S', 'Conagra Brands, Inc.', 'Britannia Industries Limited', 'Tasty Bite Eatables Limited'
The rising prevalence of diabetes worldwide is a significant driver for the diabetic food market. As the number of individuals with diabetes continues to grow, there is a greater demand for food products specifically designed for people with diabetes. Diabetic food products are formulated to help individuals manage their blood sugar levels and maintain a healthy diet.
Rising Prevalence of Diabetes: The increasing prevalence of diabetes is a significant market trend driving the demand for diabetic food products. As the number of individuals with diabetes continues to grow, there is a greater need for food options that cater to their specific dietary requirements. The rising awareness about diabetes management and the importance of maintaining a healthy diet contribute to the market's expansion.
North America dominated the diabetic food market and accounted for the greatest revenue share due to rising health difficulties caused by high levels of blood sugar and an aging population, primarily in the United States. Furthermore, elevated cholesterol and blood pressure are key causes for the increased demand for diabetic meals in the United States, which is expected to present the market with growth opportunities.
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Report ID: SQMIG30H2115