by Diabetic foods help manage blood sugar levels and cater to the nutritional needs of people living with diabetes. Food products such as cookies, cereals, snack bars etc manufactured with low glycemic ingredients such as oats, berries, nuts etc. provide healthier alternatives for sugar control and diabetes management. The need for specialized food to manage diabetes symptoms and the growing health awareness has increased the demand for diabetic food over the years.
The global Diabetic Food Market is estimated to be valued at US$ 15.11 Bn in 2024 and is expected to exhibit a CAGR of 6.2% over the forecast period 2024 to 2031, as highlighted in a new report published by Coherent Market Insights.
Market key trends:
The rising demand for diabetes management is propelling the diabetic food market. According to the International Diabetes Federation, around 537 million adults were living with diabetes in 2021 globally and the number is expected to rise to 783 million by 2045. Managing diabetes through diet and lifestyle changes have become increasingly important. The availability of varied diabetic food products tailored to meet an individual’s glycemic needs as well as tastes have boosted the market growth. Manufacturers are offering innovative product lines incorporated with natural ingredients, low sugar content and dietary fiber which have improved compliance for diabetes care management among consumers.
SWOT Analysis
Strength: The diabetic food market has a growing customer base of diabetes patients globally. Rising health awareness is driving more people to opt for specially formulated diabetic foods.
Weakness: Many diabetic foods have a comparatively higher price point than regular foods which can limit sales. Palatability is also a concern for some products with strong artificial sweeteners.
Opportunity: Developing countries with a rising diabetes rate offer new market opportunities. Products catering to specific diabetes types like Type 1 and Type 2 can tap new segments.
Threats: Customers may switch to alternative diet plans and recipes that don’t involve branded diabetic foods. Strict regulations on labelling and ingredients are a compliance challenge.
Key Takeaways
The Global Diabetic Food Market Size is expected to witness high growth. The global Diabetic Food Market is estimated to be valued at US$ 15.11 Bn in 2024 and is expected to exhibit a CAGR of 6.2% over the forecast period 2024 to 2031.
The North American region currently dominates the diabetic food market owing to high healthcare expenditure and awareness levels. However, Asia Pacific is expected to emerge as the fastest growing market due to the rising diabetes prevalence in China and India.
Key players operating in the diabetic food market are Waifair LLC,Westminster Teak Inc.,Polyteak,Bajanusa Furniture,Frontgate,Gloster Furniture GMBH,Nusantara Teak,Teak Heirlooms,Raft Furniture,Wihardja,Artisera,Teak & Mahogany,Dania Furniture,Danish Teak Classics,Casateak Teak wood furniture,Teak Vogue Sdn Bhd,CV.Jepara Crafter Furniture,Wisanka Indonesia,Kalingga Jati Furniture,Republic Furniture Group. The market is competitive with global and regional players focusing on new product development, strategic acquisitions and expansion in high growth regions.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
