Global Diabetic Food Market: By Application (Baked Products, Dairy Products, Confectionary, Ice Creams and Jellies, Snacks, Others), and Geography - Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2013 to 2017 and Forecast 2018 to 2024
Global diabetic food market was valued at US $ XX Mn and expected to grow at XX% Compound Annual Growth Rate (CAGR) over 2018 to 2024.
Market Outline: Diabetic Food Market Diabetic food contains lesser amount of sugar and carbohydrate. It enables maintain the blood glucose levels. Many types of diabetic food, which includes low-calorie sweeteners and beverages. The diabetic food is intended for diabetic patients as well as people with symptoms of diabetes which help in the prevention.
Market Dynamics: Diabetic Food Market Increase in the prevalence of diabetes is expected to enhance the revenue of diabetic food market. According to the World Health Organization (WHO), diabetic population increased from 108 million in 1980 to 422 million in 2014, prevalence from 4.7% in 1980 to 8.5% in 2014. Growing health concerns among the patient population is another factor driving the growth of the market. The rising awareness among the people regarding the low calorie diabetic food, increased R&D on diabetic food, surge in focus on promotional or marketing activities are expected to offer lucrative opportunities over the forecast period. The soaring weight issues among the people is driving the growth of the diabetic food market. The increase in the adoption of the alternative sweeteners with natural sweeteners is expected to fuel the growth of diabetic food market. However, the high cost of the products is expected to hamper the growth of the market. The stringent government regulations regarding food and safety are major bottlenecks for the growth of market.
Market Scope: Diabetic Food Market The Diabetic food market is segmented based on the application. Based on the application, the market is segmented into the following: • Baked Products • Dairy Products • Confectionary • Ice Creams and Jellies • Snacks • Others
Regional Analysis: Diabetic Food Market Geographically, the global diabetic food market is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. North America diabetic food market is the largest market owing to its higher prevalence of diabetes and obesity. According to the Centers for Disease Control and Prevention (CDC), more than 100 million U.S adults are living with diabetes and another 84.1 million have prediabetes. As per the CDC report, diabetes was the seventh leading cause of death in the United States in 2015. The U.S. diabetic food market accounted for largest share in North America diabetic food market. The Europe diabetic food market holds the second largest share. The Asia Pacific diabetic food market is expected to grow exponentially in the forthcoming years due to increased health consciousness among the people.
Competition Assessment: Diabetic Food Market Some of the players in the global diabetic food market include: • Mars Incorporated (U.S.) • Fifty 50 Foods Inc. (UK) • Nestle S.A (Switzerland) • Pepsico Inc. (U.S) • Unilever Plc (Netherlands) • Cadbury Plc. (UK) • Kellogg Co (U.S.)
Notable Market Developments: Diabetic Food Market In June 2017, Zydus Wellness Announces National Launch of Sugar Free Green in India.
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