The global diabetic food market is anticipated to expand steadily by 5.9% annually as a result of several reasons listed in the most recent study from FMI. Demand in 2013 was mostly driven by dietary beverages, which were categorised into categories such as dairy products, baked items, and more. The study offers in-depth insights into these dynamics.
In its most recent study, titled, Future Market information (FMI) provides important information on the worldwide diabetic food market. The global market for diabetic foods is expected to expand at a compound annual growth rate (CAGR) of 5.9% over the forecast period due to a variety of factors. In-depth information on these variables is provided by FMI in this study.
Based on application, the market has been divided into areas such baked goods, dairy products, ice cream and jellies, baked goods, and confectioneries. Demand for dietary beverages was higher in 2013 than it was for other goods.
In a recent study by Future Market Insights (FMI), the global diabetic food market is projected to witness a steady annual expansion of 5.9%. This growth is attributed to various factors outlined in the comprehensive report. In 2013, the demand for diabetic foods, particularly dietary beverages, surged, covering categories like dairy products and baked items. The study delves into these dynamics, offering insightful perspectives on the market evolution.
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Key Points:
Market Growth Factors:
- Consumer Awareness: The global diabetic food industry is experiencing substantial growth due to increased consumer awareness about the health benefits associated with low-calorie diabetic food products.
- Healthy Lifestyle Choices: Growing consumer concerns about healthy eating habits, coupled with changing food preferences, are contributing to the rising demand for diabetic foods globally.
- Health Complications: The increasing number of diabetic patients and health complications associated with diabetes are significant factors fueling the market’s popularity.
Regional Insights:
- North America Dominance: In 2013, North America led the diabetic food industry with a 37.5% market share in terms of value, followed by Europe. However, both regions are expected to witness a reduction in market share by 2020.
- Emerging Markets: Asia Pacific is emerging as a key market for diabetic foods, with increasing consumer demand for healthy food products driving growth in the region.
The segment held a 29.1% share of the entire market in 2013; it was followed by the dairy segment, which came in second with a 24.8% revenue share of the market for diabetic foods that same year. In 2013, the ice creams and jellies segment had a value share of 18.7% of the market as a whole, and by 2020, that proportion is predicted to increase to 19.0%. In order to maintain a healthy lifestyle, consumers with and without diabetes are exhibiting interest in diabetic ice creams and jellies.
Consumer Awareness Driving Demand for Diabetic Food
Growth of the global diabetic food industry is majorly driven by consumer awareness about health benefits associated with low calorie diabetic food products. Furthermore, rising consumer concern about following healthy eating habits coupled with changing food preference is also stimulating the demand for diabetic foods globally. Moreover, growing number of diabetic patients and other health complications associated with diabetes are playing a crucial part in the growing popularity of this market. Currently, consumers are continuously striving for low calorie food products to avoid diabetes, obesity and high cholesterol levels. Furthermore, several food manufacturers are keen on introducing new food products with low fat content in order to attract health conscious consumers.
Key Players:
- The report profiles key players in the diabetic food market, including Pepsico Inc., Cadbury Plc., Fifty 50 Foods Inc., The Coca-Cola Company, Nestle S.A., Unilever Plc., Kellogg Co., Mars Incorporated, and David Chapman’s Ice Cream Limited.
Region-wise, North America dominated the diabetic food industry with 37.5% market share in 2013 in terms of value, followed by Europe. However, the market share of North America and Europe is expected to reduce by 2020. Both the regions are mature markets for diabetic food in terms of revenue. This is one of the prime reasons behind the anticipated reduction in market share of North America and Europe by 2020. Increasing consumer demand for healthy food is one of the major factors boosting the demand for diabetic food products in Asia Pacific currently.
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Key players profiled by FMI in the report include
- Pepsico Inc.
- Cadbury Plc.
- Fifty 50 Foods Inc.
- The Coca-Cola Company
- Nestle S.A.
- Unilever Plc.
- Kellogg Co.
- Mars Incorporated
- David Chapman’s Ice Cream Limited.
Key Segments Covered
Diabetic Food Market By Application Type
- Dietary Beverages
- Dairy Products
- Baked Products
- Ice Cream and Jellies
- Confectionery
- Others
Key Regions/Countries Covered
- North America
- U.S.
- Rest of North America
- Europe
- Germany
- France
- U.K.
- Scandinavia
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- Australia
- Rest of Asia-Pacific
- Rest of the World
- Latin America
- Middle East
- Africa
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About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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