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The demand for diabetic food is projected to grow at a significant pace during the forecast period, due to increasing health issues, such as cardiovascular diseases, obesity, and others across the globe. Rising awareness among people towards the adoption of diabetic food to remain healthy and prevent diabetes is anticipated to boost the product’s demand during the forecast years.
Key companies operating in the global diabetic food market are focusing on the launch of innovative food products for the diabetic population as well as centering on strengthening their product portfolio to remain prominent in the market. Nestle S.A., The Coca-Cola Company, PepsiCo Inc., and Nutrition Plus Health and Wellness Pvt. Ltd., are some of the key companies performing in the global diabetic food market.
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Diabetes in recent years has become a widespread disease in which the body’s metabolic activities are hindered, due to which it partially loses its ability to convert glucose into energy. Diabetic food, which consists of low-calorie, zero-sugar, dietary ingredients, and are free from preservatives helps in the maintenance of blood sugar level and manage diabetes effectively.
Increasing prevalence of health issues and diabetes, due to unhealthy lifestyle and eating habits is projected to propel the growth of diabetic food market. Increased product launch by key market players, coupled with the easy availability of diabetic and dietary food is expected to contribute significantly to the growth of the market during the forecast period. Furthermore, increased awareness among people towards health benefits of diabetic food, coupled with growing per capita income of the population, especially across developing regions is projected to fuel the market growth of diabetic food.
Diabetic food is dietary food which includes food or food ingredients that are rich in nutrition, hence the price of diabetic food as compared to normal food is high. This is one of the significant factors that can restrain the market growth. Furthermore, low awareness about diabetic food or meal among people living in some developing economies can further restrict the diabetic food market growth.
Some of the major companies that are present in the global diabetic food market are Mars Incorporated, Nestle S.A., Cadbury Plc., Kellogg Company, Fifty 50 Group, Unilever Plc., Nutrition Plus Health and Wellness Pvt. Ltd., The Coca-Cola Company, PepsiCo Inc., and Zen Health Japan Co., Ltd. among the other players operating in the global diabetic food market.
By Product Type
· Bakery Products
· Dairy Products
· Dietary Beverages
· North America (USA, Canada, and Mexico)
· Europe (France, Germany, Italy, Spain, U.K., Russia, and Rest of Europe)
· Asia Pacific (China, India, Japan, Australia, and Rest of Asia Pacific)
· South America (Brazil, Argentina, and Rest of South America)
· Middle East & Africa (South Africa and Rest of ME&A)
On the basis of product type, the global diabetic food market has been segmented into confectionery, bakery products, dairy products, dietary beverages, and others. The dietary beverage segment is projected to hold the major market share in the global diabetic food market, owing to the rising demand for low-calorie, sugar-free, and nutritive beverages. The wide availability of dietary beverage options across developed economies is further projected to aid the segment’s growth in the forthcoming years.
The demand for bakery products is projected to witness a swift rise during the forecast period, owing to the increasing launch of sugar-free and zero-calorie baked goods. Increasing inclination of consumers towards healthy eating habits is projected to propel the demand for sugar-free bakery products, which in turn is expected to boost the growth of the segment in the forthcoming years.
North America currently holds the largest market share in the global diabetic food market and it is expected to dominate the market during the forecast period, owing to the increasing prevalence of diabetes and obesity in North American countries, especially in the US. According to the Centers for Disease Control and Prevention (CDC), in 2017, more than 100 million U.S. adults were found to be living with prediabetes or diabetes. The growing aging population of North America, coupled with increasing adoption of a healthy lifestyle by the population of the region is anticipated to aid the growth of diabetic food market. Asia Pacific is projected to be the fastest-growing region, owing to the rapidly rising population in economies, such as India and China, and an increasing number of health-conscious population in APAC. Rising per capita income of people living in developing economies of APAC is further expected to boost the growth of diabetic food market.
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