The global Diabetic Food Market is primarily driven by increasing prevalence of diabetes. According to the International Diabetes Federation, approximately 537 million adults were living with diabetes in 2021 globally. Diabetes can cause health complications including heart disease, stroke, kidney failure, leg amputation, vision loss and others. Hence, consumption of specific diabetic-friendly food plays a vital role in managing diabetes and avoiding related health issues. Diabetic food includes low glycemic index food and beverages that helps in controlling blood sugar level. For instance, oats, whole grain breads, fruits, nuts, yogurt, dark chocolate are few common diabetic food options. These specialized food are enriched with fiber, protein and other important nutrients that provide sustained energy release without sudden spike in blood sugar level. Moreover, rising health awareness and focus on preventive healthcare has further propelled the demand for diabetic food over the past few 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 Dynamics
Growing demand for healthy and nutritious food options: With increasing prevalence of diabetes and growing health consciousness, demand for specialized diabetic-friendly food and beverages among consumers has increased significantly over the past few years. As mentioned earlier, these food options help in managing blood glucose level and controlling diabetes through sustained release of energy. Moreover, these products are designed keeping in mind the specific nutritional needs of people with diabetes. Hence, growing preference for healthy alternatives is expected to fuel the growth of global diabetic food market during the forecast period.
Segment Analysis
The diabetic food market can be segmented into dairy products, snacks, bakery, and beverages. Among these, the dairy product segment dominated the market and accounted for over 30% share in 2020 owing to the presence of low carb and low sugar dairy options like yogurt and milk. The growing awareness among people about managing blood sugar through diet is boosting the demand for dairy products.
PEST Analysis
Political: Governments in various countries are promoting health education campaigns to raise awareness about diabetes prevention through diet control. This is encouraging food manufacturers to invest in developing healthier food options.
Economic: Rising disposable incomes in developing nations have increased the affordability of specialty diabetic foods. Expanding base of diabetic population globally is also driving the market growth.
Social: Increased lifestyle diseases due to erratic eating habits and lack of physical activity has led to surge in diabetes cases. Social media influence has made people more conscious about maintaining a balanced diet.
Technological: Advances in food processing technologies have enabled manufacturers to develop various low GI index food products suitable for diabetics. New packaging solutions help maintain freshness and appeal.
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.
Regional analysis comprises Regional analysis comprises North America dominates the global market and is expected to grow at 5% CAGR during the forecast period owing to high health awareness and growing diabetic population in the US and Canada.
Key players related content comprises 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 major players are focusing on new product launches and strategic partnerships to expand their market share.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
