Knowledge Sourcing Intelligence announces the publication of a new report on “Global Diabetic Food Market - Forecasts from 2020 to 2025” to their offering.
The cognizance of food and beverage as a prophylactic measure, increasing incidence of diabetes at a young age and the growing investment in R&D, among others, are instrumental in driving the anticipated growth of the market.
As per the report, the Global Diabetic Food Market is expected to reach US$11.898 billion by 2025 from US$7.137 billion in 2019.
Diabetes - A chronic disease that is marked by levels of glucose that is beyond the normal levels, present in the blood. Type 1 diabetes is known to occur when the pancreas ceases to produce the hormone called insulin, while Type 2 diabetes is known to occur when the cells of the body do not properly respond to the insulin produced. Further diabetics are repeatedly at a greater risk of being susceptible to g cardiovascular diseases such as heart attack and stroke if the disease is left undiagnosed or poorly controlled. They are also at a higher risk of sight loss. In 2017 the European Union had reported an estimated 32.7 million adults who were diabetics. Which is an increase from an estimated 18.2 million adults in 2000. Besides, some 12.8 million people were estimated to have undiagnosed diabetes in 2017 [Source: HEALTH AT A GLANCE: EUROPE 2018, OECD]. Therefore, such rising incidences of diabetes have not only necessitated the development of food products that are suitable for diabetics but also for those who are inclined to reduce their intake of food with ingredients that may lead to diabetes. Hence the profusion of products made available by a diverse range of players is expected to drive the global diabetic food market. A few pertinent to market developments are being mentioned below.
February 2020 – Product Launch
A Singapore based company named Nuvojoy was reported to release a low-GI kueh lapis (Indonesian layered cake) premix for diabetics in April 2020, which is an addition to their then existing range of low-GI premixes for soy pudding and kueh bahulu (sponge cake) where consumers can add water and prepare it themselves.
September 2020 – Product Launch Plan
Along the same line, it was announced that Bayon Cereal Co., Ltd had plans to launch three products with low to the mid glycemic index (GI) which are reportedly beneficial for diabetics since such products assist in improving their blood glucose levels after certification from Australia’s Glycemic Index Foundation (GIF) is received.
Also, innovations haven’t been restricted to single end-use products only but also have been adopted by meal kit companies as well.
May 2018 – Product Launch
It was reported that a San Francisco meal kit company Sun Basket had reportedly expanded its meal portfolio Mediterranean, pescatarian, and vegan plans, integrating its approach of individualized nutrition with the launch of a meal plan that is diabetes-friendly and reportedly has carbohydrate conscious. It was developed in collaboration with the American Diabetes Association (ADA).
Besides government initiatives such as The War on Diabetes which was reportedly set in motion Singapore’s Ministry of Health (MOH) in 2016 in response to the high significant health and societal burden posed by diabetes is also a key driving factor that is expected to facilitate the growth of the diabetic food market. Further with the commencement of Healthier Ingredient Development Scheme (HIDS) in 2017, that aims to encourage local food manufacturers to innovate and develop novel healthier food ingredients tailored to local tastes, and also acts to support the local industry in marketing the use of any new ingredients in the foodservice sector, a substantial number of unique ingredient suppliers have been onboarded. Besides, in view of ingredients, the increasing applications of artificial sweeteners like acesulfame potassium, aspartame, neotame, saccharin, and sucralose, among others are expected to reinforce the diabetic food market growth during the forecast period. According to estimates by Knowledge Sourcing Intelligence the artificial sweetener market is expected to grow at a CAGR of 3.59% over the same forecast period to reach a total market size of US$9.318 billion in 2025 from US$7.542 billion in 2019.
As a part of the report, the major players operating in the global diabetic food market, which have been covered are Ayura Origins, Cadbury, Dr. Reddy’s Laboratories Ltd, Golden Farm Candies, Kellogg, Mars, Nestle, PepsiCo, and Uniliver.
View a sample of the report or purchase the complete study at https://www.knowledge-sourcing.com/report/global-diabetic-food-market
This report segmented the global diabetic food market on the basis following terms