Rising awareness regarding diabetes among consumers of all age groups coupled with emphasis on preventive measures is anticipated to boost diabetic food market in the given forecast period. In addition, growing use of artificial sweeteners such as neo-tame, acesulfame potassium, and aspartame as an alternate option of sugar is likely to influence the market growth positively in forthcoming years.
Meanwhile, sedentary lifestyle and growing trend of junk food consumption are fuelling the number of diabetes cases. This factor is likely to pave growth opportunities for diabetic food market in forthcoming years. In addition, rising cases of type 1 diabetes among children and youngsters due to physical inactivity is likely to augment demand for diabetic food.
Diabetic food manufacturing companies are consistently introducing new product range and entering into various market segments. Some of the products segments are low-calorie sugar, low-fat dairy products, diabetic baked products, jellies and ice creams, dietary beverages & snacks, and confectionery. Launch of new product range is projected to present new growth avenues for the global food diabetic market in coming years.
Among all the diabetic food segments, dietary beverages has emerged as one of the leading application segment. The segment is estimated to hold prominent position in the global diabetic food market in coming years, owing to growing demand for low-calorie and sugar-free beverages specifically in Europe and North America.
On the other hand, ingredients used to prepare diabetic food can result in various problems associated to health such as headaches, tumor, and cancer. As per market analysts, these factors are likely to limit the adoption rate of the diabetic food. Hence, growth curve of the global diabetic food market is likely to flatten.
As per WHO, the number of people afflicted with diabetes has increased from 108 million in 1980 to 422 million in 2014 and its prevalence among adults has risen from 4.7% in 1980 to 8.5% in 2014. This has resulted in savvy food purveyors coming up with specialized food, called diabetic food, to cater to the needs of the rising diabetic population in the world. Such diabetic food usually is comprised of dietary beverages, dairy products, and confectioneries having less calories and oil. They help to control blood glucose level.
The market for diabetic food is slated to grow on account of the growing awareness about a healthy lifestyle and also because of the rising instances of obesity worldwide. In addition, nutritious diabetic food helps increase metabolism and this is expected to up their sales further along with the increasing spending capacity of people worldwide.
A report by Transparency Market Research forecasts the global diabetic food market to rise at a 5.90% CAGR during the period between 2014 and 2020. At this rate, the market is expected to become worth US$11.1 bn by 2020 from US$7.4 bn in 2013.
In the global market for diabetic food, the major players are seen to be supplanting sugar with artificial sweeteners, namely Acesulfame K, Aspartame, and Neo-tame. Besides, a wide array of diabetic foods are being purveyed in the market by food manufacturers. They can be broadly categorized as dietary beverages, low calorie ice cream, low fat dairy products, and jellies. Among them, dietary beverages are a major contributor on account of different varieties available in the market and massive consumption of beverages worldwide. Dairy products is another key category that will likely see its demand soar substantially on account of its probiotic properties.
Manufacturers wanting to tap into a greater market base are expanding their product portfolio. Diabetic confectionery and baked products could be their next big hit as the segment seems primed for growth at a healthy pace.
In order to progress in the market, the key players have also been leveraging mergers and acquisitions and agreements and collaborations, besides product development. Some such prominent players in the market are Uniliver, Nestle Golden Farm Candies, Cadbury, Kellogg, Mars, and PepsiCo.
Geographically, the key segments of the global market for diabetic food are Europe, North America, Asia Pacific, and the Rest of the World. At present North America, powered by the U.S., accounts for a leading share in the market. Factors responsible for pushing significant growth in the U.S. market is the rising complicacies resulting from an increase in blood glucose and an increasing pool of elderly.
North America is trailed by Europe and Asia Pacific in the global market for diabetic food. While the U.K. and Germany, are at the forefront of driving growth in Europe, Japan and China are main engines for driving expansion in Asia Pacific. Overall, in Europe, the ever-increasing thrust on following a healthy lifestyle has led to the growth in the market. In Asia Pacific, it is both the growing consciousness about a healthy lifestyle and the increasing disposable income that have positively impacted the trajectory of the market. The Middle East and Latin America are key regions in the Rest of the World in terms of share in the diabetic market.
Chapter 1 Preface
1.1 Report Description
1.2 Market segmentation
1.2.1 Global diabetic food market segmentation, by type and geography
1.3 Research scope
1.4 Research Methodology
Chapter 2 Executive Summary
2.1 Global Diabetic Food Market Size, 2013 - 2020 (USD million)
2.2 Global Diabetic Food Market Snapshot
Chapter 3 Diabetic Food Market – Industry Analysis
3.1 Introduction
3.1.1 Various health benefits of diabetic food
3.1.2 Classification of diabetic food market
3.2 Market Drivers
3.2.1 Drivers for diabetic food market: Impact analysis
3.2.1.1 Increasing consumer awareness about diabetes
3.2.1.2 Aging population
3.2.1.3 Rising obesity and other health related complexities
3.3 Restraints
3.3.1 Restraints for diabetic food market: Impact analysis
3.3.1.1 Expensive diabetic food products
3.4 Opportunities
3.4.1 Increasing applications of diabetic foods
3.5 Global distribution channels
3.6 Market Attractiveness Analysis, 2013
3.6.1 Market Attractiveness Analysis – Diabetic food market by application (Dietary beverages, dairy products, ice cream and jellies, confectionery, baked products and others)
3.7 Global diabetic food market: Top market players
Chapter 4 Diabetic Food Market- Application Segment Analysis
4.1 Global diabetic food market, by application: Overview
4.1.1 Global diabetic food market, revenue share, by application type, 2013 and 2020
Chapter 5 Diabetic Food Market- Regional Analysis
5.1 Market Overview
5.1.1 Global diabetic food market, revenue share by geography, 2013 and 2020
5.2 North America
5.2.1 U.S.
5.2.2 Rest of North America
5.3 Europe
5.3.1 UK
5.3.2 Germany
5.3.3 France
5.3.4 Scandinavia
5.3.5 Rest of Europe
5.4 Asia Pacific
5.4.1 China
5.4.2 India
5.4.3 Japan
5.4.4 Australia
5.4.5 Rest of Asia Pacific
5.5 Rest of the World
5.5.1 Latin America
5.5.2 Middle East
5.5.3 Africa
List of Tables
TABLE 1 Global Diabetic Food Market Snapshot
TABLE 2 Drivers for diabetic food market: Impact analysis
TABLE 3 Restraints for diabetic food market: Impact analysis
TABLE 4 Global diabetic food market size and forecast, by application, 2013 - 2020 (USD million)
TABLE 5 North America diabetic food market size and forecast, by application, 2013 - 2020 (USD million)
TABLE 6 U.S. diabetic food market size and forecast, by application, 2013 - 2020 (USD million)
TABLE 7 Rest of North America diabetic food market size and forecast, by application, 2013 - 2020 (USD million)
TABLE 8 Europe diabetic food market size and forecast, by application, 2013 - 2020 (USD million)
TABLE 9 UK diabetic food market size and forecast, by application, 2013 - 2020 (USD million)
TABLE 10 Germany diabetic food market size and forecast, by application, 2013 - 2020 (USD million)
TABLE 11 France diabetic food market size and forecast, by application, 2013 - 2020 (USD million)
TABLE 12 Scandinavia diabetic food market size and forecast, by application, 2013 - 2020 (USD million)
TABLE 13 Rest of Europe diabetic food market size and forecast, by application, 2013 - 2020 (USD million)
TABLE 14 Asia Pacific diabetic food market size and forecast, by application, 2013 - 2020 (USD million)
TABLE 15 China diabetic food market size and forecast, by application, 2013 - 2020 (USD million)
TABLE 16 India diabetic food market size and forecast, by application, 2013 - 2020 (USD million)
TABLE 17 Japan diabetic food market size and forecast, by application, 2013 - 2020 (USD million)
TABLE 18 Australia diabetic food market size and forecast, by application, 2013 - 2020 (USD million)
TABLE 19 Rest of Asia Pacific diabetic food market size and forecast, by application, 2013 - 2020 (USD million)
TABLE 20 RoW diabetic food market size and forecast, by application, 2013 - 2020 (USD million)
TABLE 21 Latin America diabetic food market size and forecast, by application, 2013 - 2020 (USD million)
TABLE 22 Middle East diabetic food market size and forecast, by application, 2013 - 2020 (USD million)
TABLE 23 Africa diabetic food market size and forecast, by application, 2013 - 2020 (USD million)
List of Figures
FIG. 1 Global Diabetic Food Market Segmentation, by Application Type and Geography
FIG. 2 Global diabetic food market revenue, 2013 - 2020 (USD million)
FIG. 3 Various health benefits of diabetic food
FIG. 4 Classification of diabetic food market
FIG. 5 Population Suffering from Obesity (% of total)
FIG. 6 Global diabetic food market, distribution channel share, 2013
FIG. 7 Diabetic food market by application, (2013)
FIG. 8 Global diabetic food market revenue share, by application type, 2013 and 2020
FIG. 9 Global diabetic food market, revenue share by geography, 2013 and 2020
FIG. 10 North America diabetic food market revenue, 2013 – 2020 (USD million)
FIG. 11 U.S. diabetic food market revenue, 2013 – 2020 (USD million)
FIG. 12 Rest of North America diabetic food market revenue, 2013 – 2020 (USD million)
FIG. 13 Europe diabetic food market revenue, 2013 – 2020 (USD million)
FIG. 14 UK diabetic food market revenue, 2013 – 2020 (USD million)
FIG. 15 Germany diabetic food market revenue, 2013 – 2020 (USD million)
FIG. 16 France diabetic food market revenue, 2013 – 2020 (USD million)
FIG. 17 Scandinavia diabetic food market revenue, 2013 – 2020 (USD million)
FIG. 18 Rest of Europe diabetic food market revenue, 2013 – 2020 (USD million)
FIG. 19 Asia Pacific diabetic food market revenue, 2013 – 2020 (USD million)
FIG. 20 China diabetic food market revenue, 2013 – 2020 (USD million)
FIG. 21 India diabetic food market revenue, 2013 – 2020 (USD million)
FIG. 22 Japan diabetic food market revenue, 2013 – 2020 (USD million)
FIG. 23 Australia diabetic food market revenue, 2013 – 2020 (USD million)
FIG. 24 Rest of Asia Pacific diabetic food market revenue, 2013 – 2020 (USD million)
FIG. 25 RoW diabetic food market revenue, 2013 – 2020 (USD million)
FIG. 26 Latin America diabetic food market revenue, 2013 – 2020 (USD million)
FIG. 27 Middle East diabetic food market revenue, 2013 – 2020 (USD million)
FIG. 28 Africa diabetic food market revenue, 2013 – 2020 (USD million)
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