The
global
diabetic food market for the focus of analysis of a latest market
research report published by Transparency Market Research. The
report, titled “Diabetic Food Market - Global Industry Analysis,
Size, Share, Growth, Trends, and Forecast 2014 - 2020,” gives a
thorough overview of the present and past state of the market and
gives a forward looking perspective about the market’s growth
prospects from 2014 through 2024.The report states that the market
will record a healthy 5.90% CAGR over the said period and rise from a
valuation of US$7.4 bn in 2013 to US$11.1 bn by 2020.
In
the recent times, the prevalence of diabetes has increased at a
substantial pace on a global front, from 4.7% in 1980 to 8.5% in 2014
among adults over the age of 18 years, according to the World Health
Organization. The number of people suffering from diabetes has
increased from 108 million to 422 million over the same period on a
global front. The rate at which diabetes is spreading has outlined
the pressing need for taking active measures aimed at preventing or
delaying the onset of type 2 diabetes and avoiding the consequences
of other types.
Attempts
are being made by government and private healthcare bodies to raise
awareness about the prevention and proper management of the disease.
The resultant rise in consumer awareness about proper management of
diabetes has led to a substantial rise in the consumption of
functional foods such as diabetes foods and nutraceuticals worldwide.
To
cater to the rising diabetic population, the healthcare industry is
also ramping up its collection of food products especially made for
diabetics, which are low in calories and use sugar substitutes. These
factors, in combination with the rising consumer base, are
collectively boosting the overall diabetic food market.
View
exclusive Global strategic Business report
:http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=1828
The
report examines the global diabetic food makret on the basis of two
criteria: application and geography.
On
the basis of application, the market has been segmented into dietary
beverages, ice cream and jelly, dairy products, confectionary, baked
products, and other applications. On the basis of geography, the
market has been segmented into Europe, North America, Asia Pacific,
and Rest of the World.
Of
these, the market for diabetic food in North America led the global
market in 2013 and is expected to maintain its dominance over the
forecast period as well. This is majorly owing to the high consumer
awareness about the health benefits of low-calorie foods and the high
prevalence of diabetes.
Germany
and the U.K. are the leading markets for diabetic food in Europe
owing to the rising adoption of healthy food varieties among
geriatrics. India and China are the leading markets for diabetic food
in Asia Pacific, owing to factors such as the rising population of
diabetics, rising disposbale incomes and the rsultant affordability
of speacialized foods.
The
report also presents a detailed overview of the competitive landscape
of the market, and recognizes and profiles some of the most
influential vendors in the global diabetic food market. Market
players profiled in the report include David Chapman’s Ice Cream
Limited, Unilever Plc, The Coca-Cola Company, Cadbury plc., PepsiCo
Inc., Fifty 50 Foods Inc., Mars Inc., Nestle S.A., and Kellogg
Company.
The
market has been segmented as follows:
Global
Diabetic Food Market: Application Analysis
- Dietary Beverages
- Dairy Products
- Ice Cream and Jellies
- Confectionery
- Baked Products
- Others
Global
Diabetic Food Market: Regional Analysis
- North America
- Asia Pacific
- Europe
- Rest of the World
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