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Diabetic Food Market Size, Share, Growth Opportunities, Future Challenges and Forecast 2027 | Nestlé, Unilever.,THE COCA-COLA COMPANY And PepsiCo
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Market Overview
A rising number of diabetic neuropathy cases, lifestyle changes, demand to reduce the risk of chronic diseases. As per the world bank, About 422 million people worldwide have diabetes, the majority living in low-and middle-income countries, and 1.6 million deaths are directly attributed to diabetes each year. Moreover, an estimated 1.5 million deaths were directly caused by diabetes in 2019 As per the International Diabetes Federation, 87% of diabetes-related deaths occur in low- and middle-income countries. But only 35% of diabetes-related health expenditure is spent there. So, with the rising awareness about the treatment and prevention methods regarding the various effect of disease, the demand for diabetic foods is on the rise. However, High costs associated with diabetic foods and lack of awareness among the population are some of the factors that are likely to restrain revenue growth of the diabetic foods market over the forecast period
COVID-19 Impact
The COVID-19 pandemic has added an enormous toll to the existing challenge of diabetes care worldwide. Patients with diabetes are known to have an increased risk of infections, in particular skin infections, Genito-urinary tract infections, and (bacterial) respiratory tract infections. Many Covid-19 patients initially show type 1 diabetes-like symptoms – extremely high sugar levels, ket,oacidosis (a complication where blood turns acidic because of excess ket.ones produced), and need insulin injections. In China, a nationwide study reported a higher prevalence of diabetes among patients with severe COVID-19 as compared to patients with non-severe disease (16.2% vs 5.7%). In the USA, among 5,279 patients diagnosed with COVID-19 in a prospective cohort study in New York City, the prevalence of diabetes was higher in patients admitted to the hospital than patients not admitted (34.7 vs 9.7%)
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The Diabetic Food Market report is studied thoroughly with several aspects that would help stakeholders in making their decisions more curated.
By Product Type, the market is primarily bifurcated into
• Dietary Beverages
• Bakery Products
• Dairy Products
• Confectionery Products
• Ice Creams and Jellies
• Others
The Dietary Beverages segment gathered a major market share of Diabetic Food in 2020 and grabbed XX% market share. The market of this segment is expected to witness robust growth due to the growing demand and popularity among millenniums.
By Distribution Channel, the market is primarily bifurcated into
• Supermarkets and Hypermarket
• Pharmacies
• Grocery Stores
• Online Stores
• Others
The supermarket and hypermarket segment grabbed the major market in 2020. The key factors attributed to the growing share of this segment are the preference for hypermarkets by consumers due to the availability of several brands under one roof. However, the online segment would witness exhibit growth owing to expanding e-commerce across underdeveloped and developing countries.
Diabetic Food Market Geographical Segmentation Includes:
• North America
• Europe
• Asia-Pacific
• Rest of the World
Based on the estimation, the North America region grabbed a major market share in 2020. The demand for Diabetic Food in North America is on the rise due to the rise in disposable income. As per OCED, the household disposable income in Canada increased from 2.1% in 2019 to 7.3% in 2020.
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The major players targeting the market includes
• Nestlé
• Unilever
• THE COCA-COLA COMPANY
• PepsiCo
• Kellogg NA Co.
• Fifty50 Foods
• Mondelēz International
• Zen Health
• Anhui Elite Industrial Co., Ltd,
• TFI Holdings
• Mars Incorporated
The degree of competition among prominent regional companies has been elaborated by analyzing several leading key players operating worldwide. The specialist team of research analysts sheds light on various traits such as global market competition, market share, most recent industry advancements, innovative product launches, partnerships, mergers, or acquisitions by leading companies in the Diabetic Food market. The leading players have been analyzed by using research methodologies for getting insight views on global competition.
Key questions resolved through this analytical market research report include:
• What are the latest trends, new patterns, and technological advancements in the Diabetic Food Market?
• Which factors are influencing the Diabetic Food Market over the forecast period?
• What are the global challenges, threats, and risks in the Diabetic Food Market?
• Which factors are propelling and restraining the Diabetic Food Market?
• What are the demanding global regions of the Diabetic Food Market?
• What will be the global market size in the upcoming years?
• What are the crucial market acquisition strategies and policies applied by global companies?
We understand the requirement of different businesses, regions, and countries, we offer customized reports as per your requirements of business nature and geography. Please let us know If you have any custom needs.
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About UnivDatos Market Insights
UnivDatos Market Insights (UMI) is a passionate market research firm and a subsidiary of Universal Data Solutions. We believe in delivering insights through Market Intelligence Reports, Customized Business Research, and Primary Research. Our research studies are spread across topics across the world, we cover markets in over 100 countries using smart research techniques and agile methodologies. We offer in-depth studies, detailed analysis, and customized reports that help shape winning business strategies for our clients.
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