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Clinical Nutrition for Diabetes Care Market Report 2024: Demand Forecast, Industry Trends, and Regional Insights
Clinical Nutrition for Diabetes Care Market Report
According to The Business Research Company's, The clinical nutrition for diabetes care market size has grown strongly in recent years. It will grow from $2.72 billion in 2023 to $2.93 billion in 2024 at a compound annual growth rate (CAGR) of 7.9%. The growth in the historic period can be attributed to medical professional advocacy, rise in lifestyle diseases, increased awareness among consumers, healthcare infrastructure development, and rising diabetes prevalence.
The clinical nutrition for diabetes care market size is expected to see strong growth in the next few years. It will grow to $4 billion in 2028 at a compound annual growth rate (CAGR) of 8.1%. The growth in the forecast period can be attributed to insurance coverage for diabetes management, healthcare expenditure, obesity epidemic, aging population, and rising diabetes prevalence. Major trends in the forecast period include increasing focus on immune-supportive nutrition, plant-based nutrition, functional foods and supplements, digital health integration, and personalized nutrition plans.
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Market Drivers and Trends:
The increase in the prevalence of diabetes is expected to propel the growth of the clinical nutrition for diabetes care market going forward. Diabetes is a group of metabolic disorders characterized by high blood sugar levels over a prolonged period, resulting from either inadequate insulin production or the body's ineffective use of insulin. The prevalence of diabetes is driven by factors such as sedentary lifestyles, unhealthy diets, genetic predisposition, and aging populations. Clinical nutrition for diabetes care is crucial in helping diabetes patients to manage their condition by providing tailored dietary plans that regulate blood sugar levels, promote weight management, and reduce the risk of complications. For instance, according to the International Diabetes Federation, a Belgium-based umbrella organization, there were 537 million people aged 20-79 years with diabetes in 2021, a number projected to rise to 643 million by 2030 and 783 million by 2045. Therefore, the increase in the prevalence of diabetes is driving the growth of the clinical nutrition for diabetes care market.
Major companies operating in the clinical nutrition for diabetes care market are developing specialized nutritional formulations to address the specific dietary needs of diabetes patients, including managing blood sugar levels and supporting overall health. Specialized nutrition provides balanced nutrition, controls blood sugar levels, and promotes overall health in diabetes patients. For instance, in December 2021, Danone India, an India-based nutrition food product company, launched Protinex Diabetes Care, a scientifically developed product to address the nutritional requirements of Indians with diabetes. The product is fortified with 26 essential vitamins and minerals and is available in a vanilla flavor. It is low in fat, contains no added sugar, and provides lower calories, making it a healthy food option for people with diabetes. Additionally, it is the only product in the powder nutrition category with a low Glycemic Index (GI) of 17, which can help manage blood sugar levels.
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• Comprehensive Market Insights: Stakeholders gain access to detailed market statistics, trends, and analyses that help them understand the current and future landscape of their industry.
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• Competitive Advantage: With in-depth competitor analysis and market share information, stakeholders can identify opportunities to outperform their competition.
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• Global Perspective: The reports cover various regions and markets, providing a broad view that helps stakeholders expand and operate successfully on a global scale.
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Major Key Players of the Market:
Pfizer Inc., Bayer AG, Sanofi-Aventis LLC, Abbott Laboratories, Roche Holdings Inc, Medtronic plc, Danone SA, Eli Lilly and Company, Amgen Inc., Senseonics Holdings Inc., Teva Pharmaceutical Industries Ltd, Baxter International Inc., B. Braun Melsungen AG, Glanbia plc, Perrigo Company plc, Dexcom Inc., Nestlé Health Science S.A., Tandem Diabetes Care, Nutricia International Private Limited, MannKind Corp, Omada Health, Senseonics Holdings Inc., Diasome Pharmaceuticals Inc., Zucara Therapeutics Inc, Victus Inc.
Clinical Nutrition For Diabetes Care Market 2024 Key Insights:
• The clinical nutrition for diabetes care market size is expected to see strong growth in the next few years. It will grow to $4 billion in 2028 at a compound annual growth rate (CAGR) of 8.1%.
• Diabetes Epidemic Fuels Growth of Clinical Nutrition Market
• Specialized Nutritional Formulations for Diabetes Management
• North America was the largest region in the clinical nutrition for diabetes care market in 2023
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The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.
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