Diabetes is a condition in which the body is unable to properly process food and convert it to energy. Usually, diabetics are unable to produce adequate insulin or the body’s cells do not respond properly to insulin, or both, which leads to diabetes. Diabetic food market are dietary products which have lower content of carbohydrates and sugars, which helps to control blood glucose levels. These type of foods contain low calorie sweeteners, diet beverages, and other ingredients, which can be consumed by individuals suffering from diabetes or the ones consuming it as precautionary measures.
Major factors driving growth of the global diabetes market include increasing prevalence and incidence of chronic diseases such as diabetes and obesity, and changing dietary habits of consumers. Increasing adoption of diabetic food in dietary products, dietary beverages, dairy products, and confectionary is another factor expected to contribute growth to this market. However, high prices and several side effects such as headache and tumors are major factors expected to hamper growth of the global diabetic food market over the forecast period.
The global diabetic food market has been segmented on the basis of application, and region. On the basis of application, the global diabetic food is segmented into confectionery, ice creams and jellies, dietary beverages, baked products, dairy products, and others. Diabetic beverages accounted for the major revenue share among all applications. This can be attributed to high demand for sugar-free and low-calorie beverages.
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On the basis of region, the global diabetic food market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The North America is estimated to dominate the global diabetic food market in terms of revenue, owing to presence of various domestic and international companies and increasing prevalence and incidence of diabetes in countries in the region. The market in Europe is expected to account for the second-highest revenue share, owing to rising health awareness among individuals and changing lifestyle in countries in the region.
Key players in the global diabetic food market include Nestle S.A., Unilever Plc, PepsiCo Inc., Cadbury Plc, The Coca-Cola Company, Kellogg Company, Fifty 50 Foods, Inc., Mars Inc., Danone SA, and The Hershey Company.