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Diabetic Foods Market Competitive Research, Industrsy Status, Key Drivers And Forecast To 2033
Diabetic Foods Market
As per the report, the diabetic foods market size has grown rapidly in recent years. It will grow from $11.59 billion in 2023 to $13.19 billion in 2024 at a compound annual growth rate (CAGR) of 13.8%. The diabetic foods market size is expected to see rapid growth in the next few years. It will grow to $20.79 billion in 2028 at a compound annual growth rate (CAGR) of 12.0%.
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Rising Cases Of Juvenile Diabetes Propel The Diabetic Food Market
Increasing cases of juvenile diabetes among children and youth is a key factor driving the growth of the diabetic food market going forward. Type 1 diabetes, often referred to as juvenile diabetes, is the most common form of diabetes among young individuals, accounting for around 90% of cases. For those with type 1 diabetes, healthcare professionals often recommend following the Mediterranean diet. This dietary plan is rich in nutrient-dense foods, including fresh vegetables, oranges, plant-based fats like olive oil and nuts, as well as fish such as sardines, with occasional consumption of meat and dairy product. For instance, according to the National Center for Biotechnology Information, a US-based series of databases relevant to biotechnology and biomedicine, in 2021, over 1.2 million children and adolescents have type 1 diabetes. Therefore, the increasing number of cases of juvenile diabetes among children and youth is expected to drive the growth of the diabetic food market.
Product Innovation Driving The Diabetic Food Market
Product innovation is the key trend in the diabetic food market. The introduction of various items such as low-calorie sweet beverages, sugar-free jellies, diabetic bakery items, low-fat ice cream, and other dairy goods is attracting more customers towards diabetic foods. For instance, companies like Coke, Pepsi, Thumps Up and Sprite introduced new beverages such as protein shakes, good-for-good beverages, and functional waters that are gradually making their presence felt in retail stores and contributing to faster growth in the overall beverage category. With an annual growth rate of 7%, the carbonated soft drinks (CSD) industry in India is pegged at Rs 25,000. Coke's biggest segment in the US, Diet Coke, and Coke Zero Sugar, contributed to an 8% rise in retail sales growth last year for the brand of non-calorie sparkling soft drinks. It reported a 5% organic global growth overall for the year.
The diabetic foods market covered in this report is segmented -
1) By Product Type: Bakery Products, Dairy Products, Confectionery Products, Beverages, Snacks, Other Product Types
2) By Distribution Channel: Supermarkets and Hypermarkets, Drug Stores Or Pharmacies, Online Stores, Other Distribution Channels
3) By End User: Childrens, Adults
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Major companies operating in the diabetic foods market report are Nestlé S.A., PepsiCo Inc., Unilever plc, Tyson Foods Inc., Mars Incorporated, Abbott Laboratories, The Coca-Cola Company, Mondelez International Inc., Danone S.A., General Mills Inc., Kellogg Company, Cadbury plc, Saputo Inc., Conagra Brands Inc., The Hershey Company, Hain Celestial Group, Hunan Hill Pharmaceuticals Co. Ltd., Dabur India Ltd., David Chapman's Ice Cream Ltd., Golden Farm Candies Ltd., Atkins Nutritionals Inc., Anhui Elite International Trade Co. Ltd., Newtrition Plus Health & Wellness Pvt. Ltd., Zen Health Japan Co. Ltd., Amber Lyn International Ltd., Wellness Pvt. Ltd., Sushma Gram Udyog, Bio Hill Pharmaceutical Ltd.
Contents of the report:
1. Executive Summary
2. Diabetic Foods Market Report Structure
3. Diabetic Foods Market Trends And Strategies
4. Diabetic Foods Market - Macro Economic Scenario
5. Diabetic Foods Market Size And Growth
…..
27. Diabetic Foods Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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