The global Diabetes Nutrition Market is estimated to be valued at US$ 5719.26 Mn in 2023 and is expected to exhibit a CAGR of 6.5% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market Overview:
Diabetes nutrition products consist of low-glycemic index foods, supplements and nutraceuticals specially formulated to manage blood glucose levels and chronic issues related to diabetes. With growing diabetes prevalence globally, there is increased need for dietary management through specialized diabetes nutrition products.
Market key trends:
One of the key trends witnessed in the diabetes nutrition market is the increasing demand for functional and fortified foods. Functional foods are promoted for physiological benefits and disease risk reduction beyond basic nutrition. Food manufacturers are developing various foods like cereals, biscuits, beverages etc. fortified with fibers, proteins and other micronutrients to control blood sugar levels and offer other health benefits. For instance, ITC launched Sunrise Health+ bread fortified with wheat bran fiber, soyabean and other grains to regulate blood sugar levels. Similarly, Baidyanath launched Madhunashini range of foods like porridge and cookies enriched with cinnamon extracts known for anti-diabetic properties.
Segment Analysis
The global diabetes nutrition market is segmented into nutritional drinks, supplements, and tablets. Among these, the nutritional drink segment dominated the market and held the largest market share in 2022. This is because nutritional drinks that are specially formulated for diabetes patients are widely available in the market and are easy to consume. With busy lifestyles, nutritional drinks provide convenience to patients. Supplements are the second largest and fast-growing segment due to factors like increasing vegan population and favorable properties of supplements.
Key Takeaways:
The Global Diabetes Nutrition Market Size is expected to witness high growth, exhibiting a CAGR of 6.5% over the forecast period, due to increasing prevalence of diabetes worldwide. The market size for 2023 is estimated to reach US$ 5719.26 Mn.
Regional analysis: Asia Pacific region is expected to dominate the global diabetes nutrition market during the forecast period. This is attributed to the rising diabetic patient pool, growing health awareness, and increasing expenditure on healthcare in the region. Within Asia Pacific, China and India are poised to witness the fastest growth, spurred by the presence of emerging economies and burgeoning middle-class populations in these countries.
Key players related content: Key players operating in the diabetes nutrition market are Nestle, Fresenius Kabi AG, Abbott, Danone S.A., Eli Lilly and Company, Diabetain, Essens Wellness Technologies Private Limited, Medlife, BestSource Nutrition Pvt. Ltd., Inlife Pharma Pvt. Ltd., B Jain Pharmaceuticals Private Limited, PT Kalbe Farma Tbk, Natxtra, Unique Biotech Limited (UBL), Newtrition Plus Health & Wellness Pvt. Ltd., Venus Remedies Limited, Zemaica Healthcare.
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