Diabetic Food Market Current Scenario and Future Prospects 2024 - 2031 | Nestle S.A., Unilever Plc, PepsiCo Inc.

Market Overview:

Global diabetic food market was valued at US$ 12.4 Billion in 2022 in terms of revenue, exhibiting a CAGR of 5.7% during the forecast period (2022 to 2030).

Market Dynamics:

The diabetic food market is witnessing high growth owing to rising prevalence of diabetes globally. As per International Diabetes Federation, around 537 million adults aged 20-79 years were living with diabetes in 2021, and this number is projected to rise to 783 million by 2045. Moreover, the increasing awareness about managing diabetes with proper diet along with various product launches catering to the specific nutritional needs of diabetes patients is also contributing to the growth of the market. For instance, in 2021, Nestle India launched cereal and muesli in the market under its brand name Maggi that is aimed at people with diabetes.

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Major Driver: Rising prevalence of diabetes across the globe is fueling the growth of diabetic food market

The growing prevalence of diabetes worldwide is one of the major drivers driving the growth of the global diabetic food market. According to the International Diabetes Federation, diabetes affected around 463 million adults globally in 2019 and the number is projected to rise to 578 million by 2030. Moreover, diabetes is one of the leading causes of death globally. As there is no permanent cure for diabetes, maintaining a healthy diet goes a long way in managing the condition. This has increased the demand for specially formulated diabetic foods across the world.

Significant Opportunity: Development of low-cost diabetic food products can boost the industry growth

One of the major opportunities for manufacturers in the diabetic food market lies in developing affordable and low-cost product offerings. As the high prices of specialty diabetic foods limit their adoption especially in developing markets, launching cost-effective food items specifically formulated for diabetes management can help increase the penetration of these products globally. Companies focusing their R&D efforts on value-engineering diabetic foods using locally available ingredients at lower costs can tap into a huge untapped market potential. This presents significant opportunities for industry players to expand their consumer base and boost the overall demand and growth of the diabetic food market worldwide.

Notable Trend: Rising popularity of plant-based, organic, and clean label diabetic foods

With the growing health and environment consciousness, there is a rising trend of opting for natural and organic diabetic food products. Many consumers prefer plant-based, organic, and clean label products to avoid artificial ingredients, preservatives, colors, and fillers. Thus, food companies are increasingly focusing on developing and introducing a variety of plant-based, organic, and clean label diabetic food options including snacks, beverages, bakery items and others. This evolving consumer preference towards sustainable and natural products is a noteworthy trend in the global diabetic food industry with immense potential for future growth.

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Top Companies Featured in This Report:

★ Nestle S.A.
★ Unilever Plc
★ PepsiCo Inc.
★ Cadbury Plc
★ The Coca-Cola Company
★ Kellogg
★ Company
★ Fifty 50 Foods Inc.
★ Mars Inc.
★ Newtrition Plus Health and Wellness Pvt. Ltd
★ Herboveda India

Market Segmentation:

By Applications:

★ By Application: Dietary beverages, Ice cream and jellies, Dairy products, Confectionery, Baked products, Others

Key Regions/Countries Classified as Follows:

» North America (U.S., Canada, Mexico)
» Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
» Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of APAC)
» South America (Brazil, Argentina, Rest of SA)
» Middle East & Africa (Turkey, Saudi Arabia, Iran, UAE, Africa, Rest of MEA)

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Report Highlights:

📈 Examination of navigation keyword market share at both country and regional levels

📈 Thorough analysis of the competitive landscape and emerging trends

📈 Detailed review of product advancements, technological developments, drivers, and limitations

📈 Strategic recommendations tailored for key business segments based on market insights

📈 Valuable guidance for newcomers venturing into the navigation keyword market

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Author Bio:

Alice Mutum is a seasoned senior content editor at Coherent Market Insights, leveraging extensive expertise gained from her previous role as a content writer. With seven years in content development, Alice masterfully employs SEO best practices and cutting-edge digital marketing strategies to craft high-ranking, impactful content. As an editor, she meticulously ensures flawless grammar and punctuation, precise data accuracy, and perfect alignment with audience needs in every research report. Alice's dedication to excellence and her strategic approach to content make her an invaluable asset in the world of market insights.

(LinkedIn: https://www.linkedin.com/in/alice-mutum-3b247b137 )

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