July 13, 2020

Diabetic Food Market Share, Trends, Growth and Forecasts 2030

Changing lifestyle and inclination towards junk food products has resulted in spread of lifestyle disorders including diabetes across the globe. Based on study published by the International Diabetes Federation (IDF), an approximate 463 million adults were living with diabetes, with a death toll of 4.2 million in 2019. The prevalence of type 2 diabetes is increasing at an alarming rate primarily due to changing lifestyle preferences as a consequence of urbanization across the globe. The diabetic foods contain low level of starch and sugar and thus, assists in controlling the rise in blood sugar level. The rising awareness regarding health problems associated with diabetes is promoting the adoption of low calories and low sugar food products. This has fueled the demand for low-fat dairy items, dietary refreshments and bites, low-calorie sugar, and jams & frozen yogurts. The low starch, calorie and sugar level, along with rising health awareness are anticipated to be the major factor fueling the demand for diabetic food during forecast period.

The global diabetic food market is fragmented constituting significant number of global, regional, and local players operating in the market. North America dominated the global diabetic food market owing to the presence of large number of Type 2 diabetic patients in the United States. Asia Pacific is anticipated to grow at a prominent growth rate during the forecast period owing to rising awareness regarding the health problems of diabetic and rising diabetic population. The key players dominating the global diabetic food market include Chapman’s, Fifty 50 Foods, LP, Kellogg Co., Mars, Mondelēz International, Nestlé, PepsiCo, TFI Holdings (Amber Lynn), The Coca-Cola Company, and Unilever.

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The report titled “Diabetic Food Market – Global Market Share, Trends, Analysis and Forecasts, 2020-2030” offers market estimates for a period 2018 to 2030, wherein 2018 is historic period, 2019 is the base year, and 2020 to 2030 is forecast period. Additionally, the study takes into consideration the competitive landscape, wherein the report would provide company overview and market outlook for leading players in the global Diabetic Food market. Furthermore, the report would reflect the key developments, global & regional sales network, business strategies, security & exchange overview, research & development activities, production facilities, product portfolio, employee strength, and key executive, for all the players considered under the scope of study. For instance, Nestlé reported revenues of US$ 93.25 Billion in 2018 and the segment and geographic analysis of the company indicates that Powdered and Liquid Beverages business segment is the dominating segment of the company, with Americas being the major revenue generating regions.

The global diabetic food market has been segmented on the basis of product type, distribution channel, and region. Based on product type, the global diabetic food market is segmented into dairy products, confectionery, beverages, snacks, spreads, and others. Based on distribution channel, the global diabetic food market is segmented into supermarkets & hypermarkets, pharmacies, online stores, and others. Based on geography, the global diabetic food market is segmented into North America, Europe, Asia Pacific, Middle East & Africa, and South America.

Additionally, the study provides in-depth analysis of prominent players holding major share in the market with a focus on all operating business segment, and would identify the segment of the company focusing on Diabetic Food products. Further, estimated global market share of leading companies in the diabetic food market would also be provided. For instance, Nestlé operates through seven business segments namely Powdered and Liquid Beverages, Nutrition and Health Science, Milk products and Ice cream, PetCare, Prepared dishes and cooking aids, Confectionery and water. Different diabetic food products are market under Powdered and Liquid Beverages, and Milk products and Ice cream segment of the company. These segment collectively accounted for about 38% of the total revenue for Nestlé.

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The study takes into consideration the key competitive information such as business strategy, product portfolio, key development, SWOT analysis, and research and development focus of all the diabetic food producing companies. Furthermore, the global Diabetic Food market study would take into consideration the participants engaged throughout the supply chain and value chain of the market, along with their contribution. Product portfolio would focus on all the products under the Diabetic Food market business segment of the company. Similarly, the recent development section would focus on the latest developments of company such as strategic alliances and partnerships, merger and acquisition, new product launched and geographic expansion in the global Diabetic Food market arena. For instance, in 2018, Nestlé acquired Atrium Innovations, a non-GMO vitamins and supplements manufactures. Key players in the global diabetic food market are strongly focusing on enhancing the quality of their products and launching diversified range of products to keep hold of consumers and maintain a competitive position in the global market.