Diabetic Food Market is valued at USD 12.56 Billion in 2021 and expected to reach USD 18.66 Billion by 2028 with the CAGR of 5.82% over the forecast period.
Global Diabetic Food Market: Global Size, Trends, Competitive, Historical & Forecast Analysis, 2022-2029- Increasing number of diabetes patients, rising awareness among consumers regarding diabetes, and growing mergers & acquisitions among prominent players are some of the major factors driving the growth of the Global Diabetic Food Market.
Diabetic foods are functional food products that are low in carbohydrates and sugars that help control blood glucose levels. Diabetes is a disease caused by insufficient blood sugar levels or by cells not responding to the insulin produced by the body. Moreover, diabetes damages various other body organs like the brain, nerves, eyes, kidneys, and feet. Foods such as whole grains, brown rice, quinoa, oatmeal, millet, and roasted yams are considered as healthy foods for people with diabetes. These products can also be used by the non-diabetic population as a precautionary measure to prevent future outbreaks of the disease.
The Covid-19 pandemic has shown a positive impact on the growth of the global diabetic food market. People with high blood pressure and diabetes are at higher risk of contracting Covid-19 and are more likely to have severe symptoms. Therefore, nutritionists advised the people with diabetes to follow a high-fiber diet to control sugar levels. Doctors advise people with diabetes to stay away from foods high in carbohydrates, calories, and sugar. This also increased the demand for diabetic food, which had a positive effect on the market.
This industry is segmented on the application, distribution channel and region & country level. Based on application, the global diabetic food market is segmented into beverages, bakery products, snacks, dairy products, and others. By distribution channel, the global diabetic food market is segmented into pharmaceuticals/drug stores, online sales, specialty stores, and others.
The regions covered in the global diabetic food market report are North America, Europe, Asia-Pacific, Latin America, and the rest of the World. Based on country level, the market of global diabetic food is sub divided into U.S., Mexico, Canada, U.K., France, Germany, China, Italy, India, Japan, Southeast Asia, Middle East Asia (Saudi Arabia, UAE, Egypt) GCC, Africa, etc.
Some major key players for the global diabetic food market report cover prominent players like -
One of the major factors driving the growth of this business vertical is the increasing prevalence of diabetes. For instance; according to the international diabetes foundation, in 2021; 537 million adults (20-79 years) are living with diabetes 1 in 10. This number is projected to rise to 643 million by 2030 & 783 million by 2045. Lack of physical hobbies will increase the demand for the product due to the increase in digestive disorders and obesity, including the prevalence of adolescent diabetes, and will lead to the demand for diabetic foods in the coming years. Countries plagued by coronary heart disease and weight problems may also show the potential for growth in the diabetic food market. Therefore, the increasing prevalence of diabetes has expected to drive the market.
In addition, the rising awareness among consumers regarding diabetes is also boosting the growth of this industry vertical. Increasing awareness among consumers about diabetes and its long-term consequences has led consumers to focus on their diet, sugar intake, and weight gain. Many companies are launching awareness campaigns to educate people about the growing population of diabetics and the emergence of new labels and products launched in this space. For instance; according to the American diabetes association; on March 30th, 2021; The American Diabetes Association (ADA) announced the launch of the Better Choices for Life program. The program is designed to help consumers become aware of ADA claims and brand labeling on products. Currently, the association completes three product categories in the program, including food and nutrition, health and wellness, and diabetes management.
Furthermore, the growing mergers & acquisitions among market companies are also supplementing the diabetic food market growth. For instance; on September 9th, 2021; Healthtech Startup BeatO acquired Novique health to help Indians reverse diabetes. The company will help people with diabetes by finding out the root cause of diabetes and suggesting suitable preventive measures and educating them about the food products available in the market for diabetic food.
However, the high cost associated with diabetic food may hinder the growth of the global diabetic food market. Despite that, increasing number of product offerings may create more opportunities for the further growth of the market.
Geographically, North America is expected to dominate this market space within the forecast period due to the increasing cases of diabetes, rising disposable income, and growing aging population in this region. For instance; according to the Central for Disease Control & Prevention, on January 18th, 2022; 37.3 million people have diabetes (11.3% of the US population). Therefore, the increasing prevalence of diabetes is expected to fuel the market growth over the forecast period.
The Asia Pacific is the fastest-growing region in the industry due to the increasing prevalence of diabetes, rising dairy merchandise and confectionery, and growing disposable in this region. It is worth noting that the diabetic food market in India is reckoned to amass notable gains over the estimated timeline owing to the growing prevalance of diabetes and surge in the geriatric population base. For instance; according to Down to Earth, on December 6th, 2021; the estimated number of diabetic patients in the age group of 20-79 is 74.2 million in 2021 and is expected to increase to 124.8 million in 2045 in this APAC nation.
Danone India launched Protinex Diabetes Care to address the nutritional needs of Indians with diabetes
On December 9th, 2021; Danone India announced the launch of Protinex Diabetes Care to meet the nutritional needs of Indians with diabetes, with the goal of 'bringing health to as many people as possible through food'. The goal of the scientifically developed product is to provide enough protein and fiber, which are important nutrients for managing blood sugar levels. To understand the needs of people with diabetes, Danone India launched a survey of 1000 respondents across India conducted by IPSOS, a leading marketing research organization.
Lo! Foods Entered into Diabetic Food Market
On July 28th, 2021; Lo! Foods, a Bengaluru-based FMCG startup announced its entry into the diabetic food market to launch a range of diabetic-friendly Low-Carb and Sugar-free food products. The products are affordably priced and are available for consumers on Lo! Foods website and on eCommerce platforms.
|2016 - 2021
|2022 - 2029
|Market Size in 2021:
|USD 12.56 Billion
|Base year considered
|Forecast Period CAGR %:
|Market Size Expected in 2028:
|USD 18.66 Billion
|Tables, Charts & Figures:
|Diabetic Food Companies
|Nestlé, Fifty 50 Foods, Inc., Mars Inc., Unilever, Conagra Brands, Inc, The Kellogg Company, Tyson Foods, Hain Celestial Group, Sushma Gram Udyog, The Hershey Company, Danone S.A, The Coca-Cola Company, Zenwise Health, Ancient Nutrition, Ample Foods, Adani Group, Ajinomoto, and others.
|By Application, By Distribution Channel
|North America, U.S., Mexico, Canada, Europe, UK, France, Germany, Italy, Asia Pacific, China, Japan, India, Southeast Asia, South America, Brazil, Argentina, Columbia, The Middle East and Africa, GCC, Africa, Rest of the Middle East and Africa
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