Diabetic Food Market Size, Share, Growth Analysis, By Product(Confectionery, Snacks, Bakery Products, Dairy Products), By Distribution Channel(Supermarkets & Hypermarkets, Specialty Stores, Online, and Others), By Region - Industry Forecast 2024-2031

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.