Diabetic Food Market Will Increase at a CAGR of 5.75% between 2016 and 2021,Globally

Zion Research has published a new report titled “Diabetic Food Market (Ice Creams & Jellies, Dairy Products, Dietary Beverages, Baked Products, Confectionary, Snacks and Other Products): Global Industry Perspective, Comprehensive Analysis, Size, Share, Growth, Segment, Trends and Forecast, 2015 – 2021” According to the report, global demand for diabetic food market was valued at over USD 8.0 billion in 2015, is expected to reach above USD 11.3 billion in 2021 and is anticipated to grow at a CAGR of slightly above 5.75% between 2016 and 2021.

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Diabetes is metabolic diseases in which body’s ability to convert glucose to energy is defected, resulting in high blood sugar for prolong period. The insulin level that converts the glucose to energy is hampered adversely. Diabetic foods play an important role in diabetes management. Diabetic food consists of dietary products, low calories, zero cholesterol, preservatives and sugar-free ingredients which help in maintaining the blood sugar level. Diabetic foods encompass many different products consumed by diabetic patients and health consciousness consumers.

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Escalating incidence of diabetics and obesity patients couple with increasing health issues due to consumption of junk food drives the market for diabetic food. Moreover, easy availability of diabetic food and presence of wide variety of innovated diabetic foods fuel the growth of the market. Increasing disposable income, a shift in lifestyle and rising diet culture among the women boost the diabetic food market. Though, excess consuming of sugar-free products leads to high absorption of calorie, resulting in high blood sugar level which may hinder the growth of diabetic food market. Also, artificial sugar and preservatives may cause effects on the health such as headaches, and tumor. Nevertheless, use of natural products in innovative diabetic foods is likely to open new opportunities for diabetic food in the coming years.

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On the basis of product, the diabetic food market can be segmented as low calories ice creams & jellies, dairy products, sugar-free dietary beverages, low cholesterol baked products, confectionary, snacks and other products. The dietary beverage is widely consumed owing to the availability of product varieties. However, baked products with zero cholesterol, sugar-free and preservative free products are gaining demand among the diabetics and obesity population.

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North America held the largest market for the diabetic foods owing to increasing health issues. Major reasons for these health issues include high blood sugar level and growing ageing population especially in U.S. The market is expected to remain dominant in this region due to increasing number of obesity in U.S. Europe is anticipated to show significant growth over the coming years. This mainly contributed by rising concern for unhealthy lifestyle in this region. Asia Pacific considered as the fastest growing regional market. This growth is supported by India, China and Japan owing to rising disposable income, rapid urbanization and surging attraction towards healthy foods. Latin America, Middle East and Africa are projected to experience high growth in forecast period due to improving lifestyle and promising awareness about diabetics.

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Some of the global major players in the diabetic foods are David Chapman’s Ice Cream Limited, Fifty 50 Foods Inc., Nestle S.A., Kellogg Company, Mars Inc., Unilever Plc, The Coca-Cola Company, Newtrition Plus Health and Wellness Pvt. Ltd., Cadbury plc, PepsiCo Inc and Sushma Gram Udyog among others. Newtrition Plus delivers innovative, clinically tested, functional food, sugar-free and nutritional food for the diabetics patients. Amber Lyn manufactures sugar-free Belgian dark chocolates that are sweetened with maltitol and possesses zero cholesterol, milk products, trans-fat, preservative and gluten free chocolates. Sushma Gram Udyog produces diverse products that include oat bran, white oats, barley porridge, and unpolished brown rice that are produced under hygienic conditions and with natural ingredients for the diabetic patients.

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