The diabetic food market comprises food products that help manage diabetes and control blood sugar levels. These include bakery products, beverages, condiments, dairy products, snacks, and sweeteners. Diabetic foods help prevent spikes and dips in blood glucose levels.
The global diabetic food market is estimated to be valued at US$ 13.11 Mn in 2023 and is expected to exhibit a CAGR of 6.2% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market key trends:
The rising prevalence of diabetes is one of the major driver propelling the growth of the global diabetic food market. According to International Diabetes Federation, approximately 537 million adults were living with diabetes in 2021 globally and the number is expected to rise to 643 million by 2030 and 783 million by 2045. The high prevalence of diabetes has raised awareness about managing the condition through a balanced diabetic diet. This has increased the demand for specialty diabetic foods across the world. Manufacturers are launching new product lines in bakery, snacks, and beverages to cater to the growing needs of diabetic patients. In 2022, Nestle launched a new range of diabetic-friendly snacks and chocolates in India. Such product innovations and expansions by key players are expected to boost the diabetic food market during the forecast period.
Segment Analysis
The global diabetic food market is dominated by the bakery and confectionery sub segment. As people with diabetes often crave for sweet foods, this segment offers products like cookies, cakes and chocolates made from sugar substitutes and natural sweeteners that have lower glycemic index. This allows people with diabetes to satisfy their sugar cravings without spikes in blood glucose. The bakery and confectionery sub segment accounts for over 30% of the diabetic food market share as it caters to this high demand.
Key Takeaways
The Global Diabetic Food Market Demand is expected to witness high growth over the forecast period due to the rising prevalence of diabetes across populations. The global diabetic food market is estimated to be valued at US$ 13.11 Mn in 2023 and is expected to exhibit a CAGR of 6.2% over the forecast period 2023 to 2030.
North America currently dominates the market due to growing health awareness and early adoption of specialty foods. The Asia Pacific region is expected to be the fastest growing market for diabetic foods driven by large diabetes patient pools in countries like China and India and increasing disposable incomes. Factors such as rapid urbanization, sedentary lifestyles leading to increased obesity and changing food habits have resulted in a rise in the number of diabetes patients, especially in India and China. This has led to a growing demand for specialized foods that help manage blood glucose levels. In addition, rising incomes have made people more willing to pay premium prices for health-focused food products.
Key players
Key players operating in the diabetic food market include Waifair LLC,Westmonte Biscuit Company, Bakers Authority LLC, Barilla G. e R. Fratelli S.p.A, Mckee Foods. Waifair LLC specializes in low carb baking mixes and has a wide range of diabetic-friendly cookies, brownies and muffins. Westmonte Biscuit Company offers a variety of diabetic-approved crackers, cookies and snacks made from all-natural ingredients.
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