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Global diabetic food products market is anticipated to grow significantly in the forecast period owing to the growth in diabetic population. Diabetic food products help control diabetes. They reduce symptoms and dangerous effects of diabetes. The diabetic foods include low quantity sugar and carbohydrate that control the growth of blood sugar. These foods are not only consumed by the diabetic population but also by others to avoid the risk of diabetes in future.
The major drivers of diabetic food products market include growing awareness for health issues among population, increasing concern for obesity and diabetics, and constant efforts by manufacturers for product innovations to expand their product portfolio. Additionally, rise in applications of diabetic food products in healthcare segment including insulin and medical food is also propelling the market growth. However, high priced diabetic food products is hampering the market growth.
Growing investments by leading companies in research and development is an emerging trend in the diabetic food product market. However, rising awareness regarding the health hazards of intake of artificial sweeteners is discouraging consumers from purchasing diabetic foods. Nonetheless, growing awareness for diabetic food products is an opportunity for the market.
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Diabetic food product market is categorized based on product type, distribution channel, and geography. Based on product type, market is divided into ice cream & jellies, baked products, dairy products, confectionary, dietary beverages, and others. Dietary beverages segment lead the market due to high demand for low-calorie and sugar-free beverages, especially in Europe and North America. Dairy products also holds a larger share of the market owing to the growth in food manufacturing companies in the developing economies.
Based on distribution channel, market is divided into drug store/pharmacies, supermarkets and hypermarkets, online sales, and grocery stores. Supermarkets and hypermarkets segment lead the market due to easy availability of wide range of diabetic foods. Furthermore, online sales channel is also expected to hold considerable share of the market due to increasing internet penetration.
Geographically, diabetic food products market is segmented as North America, South America, Europe, Asia Pacific, and Middle East & Africa. Asia Pacific region is expected to lead the market in the forecast period due to rise in demand from emerging economies like India, Vietnam, Malaysia, China, South Korea, and Indonesia. Growing population and rise in spending power of consumers in these regions is contributing to the market growth. Furthermore, North America is expected to lead the market due to growing geriatric population and rise in health complexities. Europe is also predicted to contribute to the market due to increasing awareness for healthy lifestyle.
The key players in diabetic food products market comprise Unilever Plc, The Coca-Cola Company, Nestle S.A., Kellogg Company, PepsiCo Inc., Mars Inc., Sushma Gram Udyog, Fifty 50 Foods, Inc., Cadbury Plc, Amber Lyn and David Chapman's Ice Cream Limited, and Newtrition Plus Health and Wellness pvt. Ltd among others.
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