The global diabetic food market is estimated to grow at a CAGR of 8.09% from US$7.458 billion in 2020 to US$12.856 billion in 2027.
The rising prevalence of the different types of diabetes (type 1 and type 2) among the population is causing them to become more aware of the importance of consuming healthy diabetic food to mitigate the chances of suffering from further complications.
There has been a rise in the prevalence of diabetes over the past few years and it poses a major burden to the individuals in the population in both younger and older generations. According to the data provided by the World Health Organization (WHO), the prevalence of diabetes is higher in middle-income and low-income countries, and it is often regarded as one of the major causes of blindness and other health complications such as heart attacks, strokes, and even limb amputations. In 2016, according to WHO statistics. Around 1.6 million deaths were caused as a result of diabetes, which was found to be the seventh leading cause of death. Around half of the deaths are caused directly as a result of high blood glucose, which occurs in individuals before the age of 70 years,
Moreover, according to the American Research Institute, about 1.5 million Americans are diagnosed with diabetes every year. The prevalence of diabetes was estimated to affect around 34.2 million Americans in 2018, with around 1.6 million Americans suffering from Type 1 diabetes, out of which 187,000 individuals were either children or adolescents. The data presented also displayed that there were around 7.3 million individuals out of the 34.3 million, which were undiagnosed with diabetes. The prevalence of diabetes in the geriatric population, or senior citizens, accumulates a percentage of around 26.8%, with most of the individuals over the age of 65 filling the gap, which comes around to be around 14.3 million. Therefore, as the number of cases of diabetes is surging every year and causing complications to the individuals suffering from it, there has been an increase in the awareness of following a healthy diet and consuming diabetic food, which has increased its demand and thereby, boosted the market growth over the forecast period.
Increasing efforts are being made by the governments to promote the consumption of diabetic and healthy food to the patients who are suffering from different types of diabetes to improve the health and overall well-being of the individuals in the population.
According to the WHO, the consumption of healthy food and the intake of a healthy diet, with some physical activity, and maintaining a normal body among other things such as not consuming tobacco products, are some of the ways to control diabetes. Moreover, the government is encouraging the consumption of diabetic foods to keep blood sugar levels stable. For example, Singapore’s “War on Diabetes campaign, which was launched by the Singapore Ministry of Health to facilitate a decrease in the number of diabetes cases and encourage individuals to consume diabetic food to avoid further complications. The food and beverage industry is also taking significant actions,
and providing diabetic food options to cater to the demand arising from diabetic patients. Moreover, the Elderly Health Service, Department of Health Hong Kong, is also promoting healthy eating by giving out guidelines and some important points to be followed, such as following a balanced diet, eating more fibre-rich foods, using healthy cooking methods, and eating regular meals and diabetic foods.
Product Introductions by Major Market Players in the Diabetic Food Market
The offering of better and more advanced varieties of diabetic foods with enhanced chemical and physical properties by existing and new players in different markets is estimated to lead to increasing adoption and propel the market growth further over the forecast period.
Some of the examples of the product offerings are as follows:
The Asia Pacific region is expected to witness a significant increase in its market share over the forecast period due to the increasing product offerings and launches, while the North American and European regions are expected to hold a considerable share over the forecast period
With the presence of encouraging guidelines in place in countries such as India for the welfare of its people and other countries like Singapore in the Asia Pacific region, the region is expected to witness a significant increase in its market share over the forecast. Additionally, there are major players, who are into offering enhanced diabetic food products to cater to the different needs of people. The North American and European regions are expected to hold a significant share because there are increasing investments in the food and beverage industry and also in the R&D of better technologies and testing methods to assess the quality of healthcare and testing facilities.
To aid in the management of diabetes, BeatO, an Indian health tech startup, bought Novique Health in September 2021. By addressing the underlying causes of diabetes, recommending appropriate preventative actions, and informing consumers about diabetic food options on the market, the company began assisting people with diabetes.
At retail locations in the U.S. in June 2021, Chobani introduced Greek Yogurt Mango and Cream with Zero Sugar, 60 Calories, and Natural Ingredients.
By introducing a distinct brand for sugar-free product lines, GoodSam Foods, in January 2021, BeyondBrands entered the sugar-free chocolate market. Three chocolate bars—dark chocolate, dark chocolate with sea salt nibs, & dark chocolate with mint—make up the product line.
Around 1000 Tesco locations in the UK began selling sugar-free caramel cakes in July 2021 under the Fitbakes brand.
The latest GLUCODOWN "enhanced water" drink blends that were introduced by Glucose Health, Inc. in December 2021 are now sold on Amazon in the North American market.
The diabetic food business was largely impacted favourably by COVID-19. Since sugar is mostly linked to infections like diabetes, obesity, and pain syndrome, people became more health concerned during the pandemic and reduced their sugar intake to keep healthy and fit. This increased demand for sugar-free or low-sugar products.
|Market size value in 2020||US$7.458 billion|
|Market size value in 2027||US$12.856 billion|
|Growth Rate||CAGR of 8.09% from 2020 to 2027|
|Forecast Unit (Value)||USD Billion|
|Segments covered||Food Type, Distribution Channel, And Geography|
|Regions covered||North America, South America, Europe, Middle East and Africa, Asia Pacific|
|Companies covered||Nestle, Unilever, KELLOG Company, Mondel?z International, PepsiCo, Dr. Reddy’s Laboratories Ltd, Ayura Origins, Fifty 50 Foods, LP., The Hershey Company, The Coca-cola Comapny|
|Customization scope||Free report customization with purchase|
Frequently Asked Questions (FAQs)
Q1. What is the size of the global diabetic food market?
A1. Diabetic Food Market was valued at US$7.458 billion in the year 2020.
Q2. What will be the diabetic food market size by 2027?
A2. The diabetic food market is projected to reach a market size of US$12.856 billion by 2027.
Q3. What are the growth prospects for the diabetic food market?
A3. The diabetic food market is projected to grow at a CAGR of 8.09% over the forecast period.
Q4. How is the global diabetic food market segmented?
A4. The global diabetic food market has been segmented by food type, distribution channel, and geography.
Q5. Which region holds the largest market share in the diabetic food market?
A5. The North American and European regions are expected to hold a significant share in the diabetic food market because there are increasing investments in the food and beverage industry.
1.1. Market Overview
1.2. Covid-19 Scenario
1.3. Market Definition
1.4. Market Segmentation
2. Research Methodology
2.1. Research Data
3. Executive Summary
3.1. Research Highlights
4. Market Dynamics
4.1. Market Drivers
4.2. Market Restraints
4.3. Porters Five Forces Analysis
4.3.1. Bargaining Power of Suppliers
4.3.2. Bargaining Power of Buyers
4.3.3. Threat of New Entrants
4.3.4. Threat of Substitutes
4.3.5. Competitive Rivalry in the Industry
4.4. Industry Value Chain Analysis
5. Diabetic Food Market Analysis, by Food Type
5.3. Ice Creams and Jellies
5.4. Dietary Beverages
5.6. Baked Products
5.7. Dairy Products
6. Diabetic Food Market Analysis, by Distribution Channel
6.3.2. Specialty Stores
7. Diabetic Food Market Analysis, by Geography
7.2. North America
7.2.1. North America Diabetic Food Market, By Food Type
7.2.2. North America Diabetic Food Market, By Distribution Channel
7.2.3. By Country
18.104.22.168. United States
7.3. South America
7.3.1. South America Diabetic Food Market, By Food Type
7.3.2. South America Diabetic Food Market, By Distribution Channel
7.3.3. By Country
7.4.1. Europe Diabetic Food Market, By Food Type
7.4.2. Europe Diabetic Food Market, By Distribution Channel
7.4.3. By Country
7.5. Middle East and Africa
7.5.1. Middle East and Africa Diabetic Food Market, By Food Type
7.5.2. Middle East and Africa Diabetic Food Market, By Distribution Channel
7.5.3. By Country
22.214.171.124. Saudi Arabia
126.96.36.199. United Arab Emirates
7.6. Asia Pacific
7.6.1. Asia Pacific Diabetic Food Market, By Food Type
7.6.2. Asia Pacific Diabetic Food Market, By Distribution Channel
7.6.3. By Country
188.8.131.52. South Korea
8. Competitive Environment and Analysis
8.1. Major Players and Strategy Analysis
8.2. Emerging Players and Market Lucrativeness
8.3. Mergers, Acquisitions, Agreements, and Collaborations
8.4. Vendor Competitiveness Matrix
9. Company Profiles
9.3. KELLOG Company
9.4. Mondel?z International
9.6. Dr. Reddy’s Laboratories Ltd
9.7. Ayura Origins
9.8. Fifty 50 Foods, LP.
9.9. The Hershey Company
9.10. The Coca-cola Comapny
Dr. Reddy’s Laboratories Ltd
Fifty 50 Foods, LP.
The Hershey Company
The Coca-cola Comapny
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