 |
| Diabetic Food Market |
The global Diabetic Food Market is estimated to be valued at US$12.4 billion in 2022 and is expected to exhibit a CAGR of 5.7% over the forecast period of 2023-2030, as highlighted in a new report published by Coherent Market Insights.
A) Market Overview:
Diabetic food refers to food and beverages that are specifically designed to
meet the dietary needs of people with diabetes. These products are low in
sugar, carbohydrates, and calories, and are formulated to help regulate blood
glucose levels. The rising prevalence of diabetes worldwide is driving the
demand for diabetic food products. These products offer several advantages,
such as controlled sugar intake, weight management, and improved overall health
for individuals with diabetes.
B) Market Key Trends:
One key trend in the diabetic food market is the increasing consumer awareness
about diabetes control. With the growing incidence of diabetes globally, more
people are becoming conscious of the importance of managing their blood glucose
levels. This has led to an increased demand for diabetic food products that
help individuals with diabetes maintain a balanced diet while enjoying a
variety of food options. For example, consumers are gravitating towards
low-sugar desserts or snacks that use natural sweeteners or sugar alternatives
like stevia or monk fruit extract.
C) PEST Analysis:
Political: Governments around the world are taking initiatives to raise
awareness about diabetes and promote healthy eating habits. This includes
implementing policies to regulate food labeling and encourage the production
and consumption of diabetic-friendly food products.
Economic: The economic impact of diabetes is significant, with healthcare costs
related to the disease burden increasing. This has created a demand for
cost-effective diabetic food options that can help individuals manage their
condition without breaking the bank.
Social: The increasing prevalence of diabetes and related health complications
has led to a shift in social norms around food consumption. More people are
embracing healthier eating habits and seeking out diabetic food products as
part of a broader wellness trend.
Technological: Advancements in food technology have allowed for the development
of innovative diabetic food products that closely mimic the taste and texture of
traditional food items. These advancements have contributed to a wider
acceptance and adoption of diabetic food among consumers.
D) Key Takeaways:
- The global Diabetic
Food Market is expected to witness high growth, exhibiting a CAGR of
5.7% over the forecast period. The increasing prevalence of diabetes, coupled
with growing consumer awareness about the importance of diabetes control, is
driving the demand for diabetic food products.
- In terms of regional analysis, North America is expected to be the
fastest-growing and dominating region in the diabetic food market. This can be
attributed to the high prevalence of diabetes in the region and the presence of
key players offering a wide range of diabetic food products.
- Key players operating in the global diabetic food market include Nestle S.A.,
Unilever Plc, PepsiCo Inc., Cadbury Plc, The Coca-Cola Company, Kellogg
Company, Fifty 50 Foods, Inc., Mars Inc., Newtrition Plus Health and Wellness
Pvt. Ltd, and Herboveda India.
In conclusion, the global diabetic food market is experiencing significant
growth due to increasing consumer awareness about diabetes control. The market
offers a range of diabetic food products that cater to the dietary needs of
individuals with diabetes, providing them with healthier alternatives without
compromising on taste. With the rising prevalence of diabetes, the demand for
diabetic food is expected to continue growing in the coming years.
0 Comments