Diabetes is emerging as a serious disease among people across the world. Thus, dietary intervention is a pressing need in current times. Several researchers have concluded the importance of specially processed and optimized foods for lowering and controlling the effect of diabetes in people, through diabetic food. These foods are also known to reduce the complications related to the disease progress. This has fueled the demand in the global diabetic food market.
Increasing consumption of junk food and a hectic lifestyle are the two major factors behind the growth of the global diabetic food market within the forecast period. Besides, there have been various incidences of juvenile diabetes in youth and kids, due to reduced physical activities are also supporting the overall market demand.
Looking at the market opportunities, the players are introducing a much new range of products such as dietary drinks & snacks, low-fat milk products, low-calorie sugar, diabetic baked products, ice creams & jellies, and so on that are likely to propel the market demand in coming years.
However, for some people, the ingredients used in diabetic food can be harmful and cause several ill-effects. This acts as a key hindrance in the growth of the global diabetic food market.
The global diabetic food market is majorly classified based on application, product type, and region. In terms of application, the market is segmented into hypermarkets & supermarkets, grocery stores, pharmacies & drug stores, and online stores. On the basis of product type, the market is categorized into dairy products, jellies & ice creams, confectionery, baked products, snacks, and health drinks.
Geographically, the Asia Pacific region is foreseen to register the highest growth in the global diabetic food market. Increasing demand in India, Indonesia, China, Vietnam, South Korea, and Malaysia are anticipated to contribute majorly to the market growth. The region is expected to experience improved growth in the confectionery and dairy industry due to increased disposable income and a rise in population, which in turn is expected to contribute positively to the growth in the regional diabetic food market.
Besides, Europe and North America are also anticipated to register significant growth in the future due to rising awareness about healthy lifestyles and people opting for health-boosting food items.
Some of the leading players in the global diabetes market are Fifty 50 Foods, Inc., Nestle S.A., Unilever Plc, PepsiCo Inc., Sushma Gram Udyog, Cadbury Plc, The Coca-Cola Company, Newtrition Plus Health and Wellness Pvt. Ltd., Kellogg Company., Archer Daniels Midland Company, Mars Inc., David Chapman’s Ice Cream Ltd., Amber Lyn, and Del Monte Food, Inc.
In India, a food startup Zeugar has launched all its products with low-calorie, sugar-free varieties of sweets. It has expanded its business by opening new outlets in different cities. The firm was founded by the alumni of NIT Calicut and IIM Banglore aiming to provide healthy food choices to people.