Diabetic Food Market: Current Analysis and Forecast (2021-2027)

The global Diabetic Food Market is expected to display an elevated CAGR of ~5% over the forecast period (2021-2027).

A surge in the end user's disposable income is one of the leading factors that is contributing to the growing market of Diabetic Food globally. Rising purchasing power in developing countries such as Australia, EU, Mexico, Brazil, India, Thailand, and China are projected to allow consumers to spend more on ready-made food and partying outside, which is also acting as a growth catalyst to the industry. As per OCED, the household spending in Canada, China, Denmark, European Union, France, and Germany reached to 1,021,459.5, 9,241,095.5, 139,229.8, 10,785,281.3, 1,561,879.9 and 2,288,541.1 US$ million, respectively. Also, the rising purchasing power is leading to the growing investment in several food products including Diabetic Food, etc., which is contributing to the growing market for Diabetic Food.

The rising prevalence of diabetes owing to the adoption of a sedentary lifestyle and eating habits is one of the key factors which is resulting in the demand for diabetic food. As per the International Diabetes Federation, the number of adults with diabetes would reach 63 million by 2045, an up of 33% from 48 million in 2019. Also, A rise in disposable income coupled with the availability of Diabetic Food at reasonable prices and rising demand from men are some of the factors that are contributing to the growth of the market. As per OCED, the household disposable income in Canada increased from 2.1% in 2019 to 7.3% in 2020.

Also, As per the Center for Disease Control and Prevention (CDC), 34.2 million people have diabetes (10.5% of the US population) and 26.9 million people, including 26.8 million adults. Moreover, around 88 million people aged 18 years or older have prediabetes (34.5% of the adult US population) as of 2020.

Nestle, Unilever, THE COCA-COLA COMPANY, PepsiCo, Kellogg NA Co., Fifty50 Foods, Mondelez International, Zen Health, Anhui Elite Industrial Co., ltd, TFI Holdings, Mars Incorporated, etc., are some of the prominent players operating in the Diabetic Food market. Several M&As along with partnerships have been undertaken by these players to facilitate customers with hi-tech and innovative products.

Insights Presented in the Report

"Amongst Product Type, Dietary Beverages segment holds the major share"

Based on the Product Type, the market is fragmented into Dietary Beverages, Bakery Products, Dairy Products, Confectionery Products, Ice cream and Jellies, and Others. The Dietary Beverages segment grabbed the major market share in 20202 and dominated the market. Moreover, the market of this segment is expected to witness an exhibit growth during the forthcoming years due to the rising awareness among consumers. However, the confectionery products would witness a considerable CAGR owing to the rising popularity among millenniums

"Amongst Distribution Channel, hypermarket/ supermarket segment to dominate the market during the forecast period"

Based on the Distribution Channel the market is fragmented into Supermarkets and hypermarkets, Pharmacies, Grocery Stores, Online Stores, and Others. The hypermarket/ supermarket segment captured XX% market share in the Diabetic Food Market in 2020 and dominated the market. Moreover, the market would witness a sharp rise in the forthcoming years owing to the surging number of hypermarkets/ supermarkets. Also, the availability of several brands under one roof is leading to the growth of this segment. However, the online segment would witness sky-rocked growth in the forecast period of 2021-2027F

"Amongst End-User, Adults segment to dominate the market during the forecast period"

Based on the end-user, the market is fragmented into Children and Adults. The adults' segment captured XX% market share in the Diabetic Food Market in 2020 and dominated the market. Moreover, the market would witness a sharp rise in the forthcoming years owing to the rising number of adults with diabetes.

"North America represents one of the largest markets of Diabetic Food market"

For a better understanding of the market dynamics of the Diabetic Food market, a detailed analysis was conducted for different regions across the globe including North America, Europe, Asia Pacific, and the Rest of the world. North America dominated the market and generated the leading revenue share in 2020 owing to the rise in disposable income coupled with the availability of Diabetic Food at reasonable prices and rising demand from men are some of the factors that are contributing to the growth of the market. As per OCED, the household disposable income in Canada increased from 2.1% in 2019 to 7.3% in 2020.

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Detailed examination of drivers, restraints, key trends, and opportunities prevailing in the industry

The study comprehensively covers the market across different segments

Deep dive regional level analysis of the industry

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