Diabetic Food Market Driven by Growing Awareness about a Healthy Lifestyle & Rising Instances of Obesity Worldwide

The global market for diabetic food features a largely fragmented and an intensely competitive vendor landscape, booming with a large number of regional and international players, says Transparency Market Research (TMR) in a recent report. The massively rising target consumer of diabetic food across the globe has added fuel to research and development activities in the market, led to the entry of a number of new players with niche operations, and has compelled a large number of renowned F&B companies to enter this sector.

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

Transparency Market Research projects that the global diabetic food market will expand at a promising CAGR of 5.90% over the period between 2014 and 2020, rising from a valuation of US$7.4 bn in 2013 to an opportunity of US$11.1 bn by 2020.

Dairy Products to Witness Promising Rise in Demand in Diabetic Food Market

Of the key areas of applications of diabetic food, the segment of dietary beverages is presently the most lucrative owing to the vast variety of diabetic beverages, in terms of flavors and compositions, available in the market and the high consumption of beverages across the globe. Over the report’s forecast period, the segment of dairy products is expected to witness growth at a promising pace owing to the probiotic benefits of dairy products.

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In terms of geography, North America and Europe are the leading consumers of diabetic food products owing chiefly to the rising population of diabetics, high disposable incomes of the population, and the presence of a large variety of diabetic food products in these regions. While Asia Pacific is a lucrative market for diabetic food looking at the massive and rapidly rising population of diabetics, issues such as the high cost of these products, availability of fewer product options compared to developed regions, and lack of awareness among the population continue to dampen the growth prospects of the regional market to an extent.

Rising Awareness among the Massive Patient Pool to Drive Demand

The alarming rise in the prevalence of diabetes across the globe has emerged as one of the key factors driving the global market for diabetic food. According to the World Health Organization, the prevalence of diabetes has witnessed a worrying rise from 4.7% in 1980 to 8.5% in 2014 among adults over the age of 18 years. The total number of people suffering from the condition has jumped from 108 mn to 422 mn over the same period globally. 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 with 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.

Diabetic Food Market Driven by Growing Awareness about a Healthy Lifestyle & Rising Instances of Obesity Worldwide

Global Diabetic Food Market: Overview

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.

Dietary Beverages See Swift Uptake due to Numerous Varieties

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.

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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.

North America, Powered by U.S., Leads Market

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.

Demand for Diabetic Food to be fueled by Growing Concerns over Alarming Increase in Prevalence of Diabetes

In recent times, diabetes has emerged as one of the most challenging health conditions across the world. According to the WHO, a total of 415 million cases of diabetes were reported globally in 2015. The count is rising at an alarming rate and is expected to reach 642 million in the next 25 years. Till now no medication has been found that can completely cure diabetes. It can only be controlled to an extent with specified diet, which includes sugar-free and low-calorie food.

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The high prevalence of diabetes has increased concerns among people across the world, leading to a massive shift in consumer preference towards diabetic food. According to a study by Transparency Market Research (TMR), the global market for diabetic food, which stood at US$7.4 bn in 2013, is likely to witness a robust rise at a CAGR of 5.90% from 2014 to 2020 and reach US$11.1 bn by the end of 2020.

In this blog post, analysts at TMR answer important questions about the worldwide market for diabetic food:

What are the defining trends in the global market for diabetic food?

There are quite a few trends that have been instrumental in shaping the global market for diabetic food. Primary among them is the change in food preferences, owing to the increased awareness regarding health and fitness. As a precautionary measure, consumers are increasingly replacing their regular diet with low-sugar and low-calorie diabetic food, significantly driving the market. The enhancement in the living standards of consumers, thanks to their rising disposable income, is also fueling the demand for low-calorie diabetic food across the world.

On the flip side, the market is likely to be flustered with a strong hike in prices of diabetic food products in the coming years. The lack of well-developed distribution channels is anticipated to hamper the availability of diabetic food products, resulting in increased product prices.

What are the key trends seen in the competitive landscape of the global diabetic food market?

The global market for diabetic food demonstrates a fragmented landscape due to the presence of a large pool of participants, which also signifies the intense competition within the market. Producers are aggressively focusing on building distribution networks with food product vendors in a bid to expand their reach.

Looking forward, partnerships with leading pharmaceutical companies is likely to emerge as a key trend among diabetic food producers in order to enhance their brand value.

How are the regional markets for diabetic food performing?

North America has emerged as the leading market for diabetic food across the world and is expected to remain dominant in the near future. The rising prevalence of diabetes, propelled by the increasing base of the geriatric and obese population, especially in the U.S., is the key driving force behind the swelling demand for diabetic food in this region.

Led by the strong demand in the U.K. and Germany, Europe has acquired the second position in the worldwide market for diabetic food. The growing consumer awareness about diabetes and related precautionary measures are expected to support the region to retain its position in the forthcoming years.

China, India, and Japan are driving the market for diabetic food in Asia Pacific. The unmet medical needs of consumers in these countries are providing untapped opportunities for key vendors of diabetic food. The increasing western influence thanks to globalization and the escalating disposable income of consumers is likely to keep the demand for diabetic food high in Asia Pacific over the next few years.

Driven by Rising Healthcare Awareness Among Consumers, Global Diabetic Food Market to Exhibit 5.90% CAGR 2014-2020

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

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

Increasing Consumer Awareness about Benefits of Healthy Living Drives Diabetic Food Market

Transparency Market Research (TMR) has published a new market study that examines the global diabetic food market. The report, titled “Diabetic Food Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2014 - 2020”, offers a comprehensive analysis of the various factors governing the diabetic food market in the forecast period.

The report states that the global diabetic food market will be valued at close to US$11.1 bn by 2020, expanding from US$7.4 bn in 2013 at a 5.90% CAGR from 2014 to 2020.

Browse full Diabetic Food Market report at:http://www.transparencymarketresearch.com/diabetic-food-market.html

In modern times, lifestyle changes and demanding jobs are increasingly leading to a high number of cases of conditions such as diabetes and cardiovascular diseases, especially among young people. This, combined with increasing consumer awareness about proper disease management in the long run, has increased sales of functional foods such as nutraceuticals and diabetic foods across the globe.

Worldwide, factors such as high intake of high-calorie foods and inadequate physical exercise are cited as the key reasons for the increasing pool of diabetics.People with high blood glucose levels are highly susceptible to conditions such as heart attack, stroke, nerve disorders, and eye diseases. In order to cater to this growing population, manufacturers are introducing new food products that use sugar substitutes and are low in calorie content for consumers interested in healthy eating. Food manufacturers are also widening their distribution channels in the pursuit of reaching consumers in remote locations of the world. These factors are collectively giving a strong thrust to the global diabetic food market.

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On the geographical front, North America dominated the diabetic food market in 2013 and is expected to retain its dominance through the forecast period as well. This is mainly due to increasing consumer awareness about the health benefits of low-calorie foods, which is regarded as a major factor influencing healthy living across demographics in the American society.

Furthermore, in the U.S., high consumption of fast food has been cited as a key reason behind the rising prevalence of obesity among children. This is propelling demand for low-calorie foods that offer both nutrition and taste. In Europe, the U.K. and Germany are the leading markets for diabetic food due to rising adoption of healthy foods among geriatrics.

In Asia Pacific, India and China are the leading markets for diabetic food. In these countries, economic development and adoption of Western lifestyle practices are the key reasons leading to an increasing attraction for health-benefitting convenience foods, which, in turn, is driving the diabetic food market. In the Rest of the World (RoW) regional segment, increasing awareness for the adoption of a healthy lifestyle is bolstering growth of the diabetic food market.

The report identifies and profiles major companies operating in the global diabetic food market. These include Unilever Plc, PepsiCo Inc., Mars Inc., Cadbury plc,, David Chapman’s Ice Cream Limited, Nestle S.A., The Coca-Cola Company, Fifty 50 Foods Inc., and Kellogg Company.

Browse the full Press Release:http://www.transparencymarketresearch.com/pressrelease/diabetic-food-market.htm

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