Diabetes nutrition products include sugar-free foods such as cookies, bread, snacks etc. along with low-calorie foods ideal for people suffering from diabetes. These products help manage blood sugar levels and aid weight control. The global Diabetes Nutrition Market is estimated to be valued at US$9.8 billion in 2024 and is expected to exhibit a CAGR of 4.0% over the forecast period 2024-2031, as highlighted in a new report published by Coherent Market Insights.
Market key trends:
Increased demand for sugar-free and low-calorie food products has been a key trend propelling growth of the diabetes nutrition market size. The growing prevalence of diabetes globally has raised awareness regarding management of blood sugar levels and maintenance of a healthy weight through diet. This has significantly boosted demand for specially formulated diabetes nutrition products that are low in sugar, calories and other elements affecting blood glucose. Manufacturers are innovating new product lines focused on sugar-free and low-calorie substitutes for baked goods, snacks, beverages and other staple food items consumed by diabetics. Several brands offer a wide variety of cookies, pastries, breads and sweet snacks made without sugar that help satisfy cravings. The trend of sugar-free and low-calorie diabetes nutrition products is expected to continue gaining strong traction over the forecast period.
SWOT Analysis
Strength: The diabetes nutrition market has a large target population base as the number of diabetes patients is increasing globally. Moreover, nutrition plays a key role in managing diabetes which drives the demand for specialized diabetes nutrition products.
Weakness: The availability of alternative treatment options such as drugs and insulin limits the overall adoption of diabetes-specific nutrition products. Lack of awareness about specialized diabetes-specific nutrition products in developing regions also acts as a weakness for market growth.
Opportunity: Rising health consciousness and increasing spending on nutrition supplements offer significant growth opportunities. Product innovation with focus on all-natural ingredients provides an opportunity to attract new customers.
Threats: Stringent regulations associated with food supplements and claims pose threats. Increased competitive pressure from private label brands also acts as a challenge.
Key Takeaways
The global diabetes nutrition market is expected to witness high growth supported by the rising diabetic population globally.
The North America region currently dominates the market and is expected to continue its dominance over the forecast period owing to the early adoption of nutrition-based therapies for diabetes management.
Key players operating in the diabetes nutrition market are Nestle S.A., Abbott Laboratories, Kellogg Company, Mars Incorporated, and Mondelez International. These players are focusing on product launches with ingredients targeted at diabetes-specific needs such as blood glucose control. Nestle S.A. launched Optifast shakes and soups for flexible meal replacements to manage diabetes.
*Note:
- Source: Coherent Market Insights, Public sources, Desk research
- We have leveraged AI tools to mine information and compile it