Alarmingly High Prevalence of Diabetes helps Global Diabetic Food Market to Register 5.90% CAGR from 2014 to 2020

In a recent market study published by Transparency Market Research, the global diabetic food market is expected to expand at a CAGR of 5.90% from 2014 to 2020. If the growth rate holds true, the market will reach a valuation of US$11.1 bn by 2020 increasing from US$7.4 bn in 2013. The title of this report is “Diabetic Food Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2014 - 2020.”

The report provides a comprehensive analysis of reasons that are governing the growth of the diabetic food market. Based on the historical and current market size, projections are made for the forecast period. This report assesses vital market indicators such as drivers and trends to gauge the consumption of diabetic food during the forecast period.

Although diabetes is on a consistent rise, most cases are preventable with the adoption of a healthy lifestyle. Not only this, in some cases, diabetes can be reversed with proper disease management. This includes consuming the right foods and adequate physical exercises for burning excess calories. In modern times, changing lifestyles and demanding jobs are reasons for a high number of lifestyle diseases such as diabetes and obesity, especially among the youth. This is driving sales of diabetic food. This, along with increasing awareness among consumers for proper disease management, is driving the sales of functional foods such as nutraceuticals and diabetic foods.

Diabetics are susceptible to conditions related to the heart, nerve disorders, and eye diseases that need proper management in terms of food and physical exercise. To cater to these individuals, health food manufacturers are introducing food products that use sugar substitutes and are low in calories to help with diabetes management. Manufacturers are also widening distribution channels to reach out to consumers in remote regions of the world. These factors are collectively enabling the growth of the global diabetic food market.

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In terms of geography, North America led the diabetic food market in 2013 and will retain its position till the end of the forecast period. An increasing incidence of obesity among kids due to the excessive consumption of fast food is driving the sales of diabetic foods. Also, with increasing health awareness, individuals are seeking low-calorie foods for good health in the long run. The U.S. will exhibit an exponential growth in the diabetic food market in the coming years. In Europe, Germany and the U.K. are leading markets for diabetic food due to a large pool of geriatrics who are consciously consuming healthy foods.

In Asia Pacific, China and India are leading markets for diabetic foods. Remarkable economic development and rising Westernization are reasons for the increasing purchase of convenience foods that have health benefits as well. In the Rest of the World, increasing awareness about the adoption of a healthy lifestyle is favoring the growth of the diabetic food market.

Some companies that are actively involved in the global diabetic food market are Unilever Plc, Mars Inc., David Chapman’s Ice Cream Limited, Kellogg Company, The Coca-Cola Company, PepsiCo Inc., Cadbury plc., Nestle S.A., and Fifty 50 Foods Inc.

The global diabetic food market is segmented as follows:

Global Diabetic Food Market, by Geography

North America

• U.S.
• Rest of North America

Europe

• U.K
• Germany
• France
• Scandinavia
• Rest of Europe

Asia Pacific

• China
• India
• Australia
• Japan
• Rest of Asia Pacific

Rest of the World

• Latin America
• Africa
• Middle East