Diabetic Snacks Are The Fastest Growing Segment Fueling The Growth Of Diabetic Food Market

 

Diabetic Food Market

The global Diabetic Food Market is estimated to be valued at US$ 13.11 Mn in 2023 and is expected to exhibit a CAGR of 5.7% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

Market Overview:
The Diabetic Food Market includes food items specially formulated to manage blood sugar levels for people with diabetes. These food products are lower in sugar content and follow a balanced macronutrient profile of carbohydrates, proteins and fats. They help people with diabetes maintain normal blood glucose levels.

Market key trends:
One of the key trends in the diabetic food market is the rise of convenient packaged snacks for diabetes management. Many food companies have launched low glycemic packaged snacks such as granola bars, cereal bars and energy balls that follow a healthy and nutritious recipe to help manage blood sugar levels. Packaged snacks have gained immense popularity among diabetes patients due to their convenience of on-the-go consumption without much preparation. Furthermore, they allow portion control compared to traditional meals and limit the intake of carbohydrates and sugars. This rising demand and appreciation of packaged diabetic snacks have boosted the growth of the overall diabetic food industry over the past few years.
Segment Analysis
The diabetic food market can be segmented into bakery products, dairy products, confectionery products, beverages, and others. The dairy products segment dominates the market and is expected to grow at a high rate during the forecast period. Milk, yogurt, cheese, and other dairy products are in high demand among diabetic patients as dairy helps in regulating blood sugar levels.

Key Takeaways
The Global Diabetic Food Market Size  is expected to witness high growth, exhibiting CAGR of 5.7% over the forecast period, due to increasing prevalence of diabetes across the globe. Currently, over 463 million adults are suffering from diabetes worldwide and it is projected to reach 700 million by 2045, thus driving the demand for diabetic foods.

Regional analysis
North America dominates the global diabetic food market with the highest revenue share currently. This is attributed to growing health consciousness and increasing obesity rates in the US and Canada. Asia Pacific exhibits the fastest growth attributed to rising awareness regarding lifestyle-induced chronic diseases and growing geriatric population in countries like China and India.

Key players
Key players operating in the diabetic food market are 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, and Herboveda India. Nestle and Unilever capture majority of the market share due to their wide product portfolio and excellent distribution network worldwide.

Get more insights on this topic:

https://www.marketwebjournal.com/diabetic-food-market-market-size-and-share-analysis/

 

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