Diabetes Nutrition Market Is Driven By Rising Demand, Future Growth, Technological Advancements | Global Industry Size, Share, Development Strategies, Opportunity And Regional Forecast By 2026
Diabetes Nutrition Market – Competitive Landscape
Key players in the diabetic nutrition market are focused on offering an array of products. For instance, Newtrition Plus offers sugar-free products and customized products for diet-conscious people. Amber Lynn offers sugar-free chocolates, zero trans-fat chocolates, and dark chocolates sweetened with maltitol for diabetic patients.
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Major players operating in the global diabetic nutrition market include Newtrition Plus, Amber Lynn, Nestle S.A., Abbott Nutrition, Medlife, Danone Inc., Fresenius Kabi AG, Zemaica Healthcare, Clinical Products LLC, Best Source Nutrition Pvt. Ltd., Inlife Pharma Pvt. Ltd., Bjain Pharmaceuticals Pvt. Ltd., Kalbe Farma, General Nutrition Centers, Inc., and Ingredia.
Nutrition is very important part in management of diabetes. Diabetes nutrition products are dietary products that contain less sugar and carbohydrate content. These products help in controlling blood glucose levels. Moreover, diabetes nutrition food contains low calorie diet beverages as well as sweeteners. These nutrition products are mostly consumed by diabetes patient as well non-diabetic patients as precautionary measure to prevent diabetes. These nutrition products also help to regulate other complications of diabetes such as neuropathy, nephropathy, high blood pressure along with diabetes, as these products help to maintain the lipid profile that leads to decrease in the risk of vascular complications. Diabetic patients require a low fat diet containing fruits and vegetables and low fat dairy products containing calcium, potassium, and magnesium.
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Diabetes Nutrition Market Drivers
Increasing diabetic population is a major factor propelling growth of the diabetes nutrition market. According to the International Federation of Diabetes, 2017 report, around 425 million adults were suffering from diabetes and the number is expected to reach 629 million by 2045 globally. Rapid urbanization that leads to changes in lifestyle is also expected to drive the market growth.
Moreover, key players in the market are focused on launching new products to expand their product portfolio. For instance, in April 2019, Ingredia, a dairy company, launched a bio-active ingredient that helps to reduce blood glucose level in pre-diabetic patients and can also be used as dietary nutritional supplement. Such product development activity is expected to drive the diabetes nutrition market growth.
However, substance or ingredients used to produce diabetic nutrition food products sometimes may cause various health related problems such as skin allergy, gastrointestinal tract disturbances, and respiratory tract infections to the patient. This in turn is expected to hinder the market growth over the forecast period.
Research and development of novel nutrition products for diabetes is expected to offer lucrative growth opportunity for market players. Dietary beverages, backed products, and dairy products are major segments contributing to the diabetic nutrition market growth.
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Diabetes Nutrition Market – Regional Insights
Diabetes nutrition market is projected to witness significant growth during the forecast period, owing to surge in the acceptance of new diabetic nutrition product mainly in developing countries. According to the American Diabetic Association’s report, Asia Pacific diabetic nutrition and food industry generated around 22.0% of the total industry revenue in 2015. Growing dairy and confectionery sector due to easy availability and routinely consumable product, also increasing disposable income, is expected to aid in the market growth in Asia Pacific. North America held the dominant position in diabetes nutrition market in 2018 owing to increasing health complexities by virtue of abnormal level of blood glucose and growing geriatric population in the U.S. According to the US Census Bureau’s Population report, 2016, 58% of 49.2 million older population is in the age group of 65-74 and which is largest among the three age groups. Moreover, as per the report of Center for Disease Control and Prevention 2016, in the U.S. the obesity prevalence rate was 39.8% and affected about 93.3 million adults, thus propelling the demand for diabetic nutrition products in the U.S. The market in Europe is driven by increasing regulatory approvals of diabetes nutrition products and high presence of products in last stage of clinical trials.
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Diabetes Nutrition Market – Market Taxonomy
On the basis of product type, the global diabetes nutrition market is segmented into:
- Soft gels
On the basis of distribution channel, the global diabetes nutrition market is segmented into:
- Hospital Pharmacies
- Retail Pharmacies
- Convenience Stores
- Online Pharmacies
On the basis of region, the global diabetes nutrition market is segmented into:
- North America
- Latin America
- Asia Pacific
- Middle East
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