by The Diabetes Nutrition Market is estimated to be valued at US$ 5719.26 Mn or 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:
The diabetes nutrition market comprises food items, dietary supplements, and medical nutritional products tailored specifically for people with diabetes. These include low glycemic index foods, sugar-free foods and snacks, low carb foods, and nutritional supplements that help manage blood sugar levels and aid in diabetes management. Common food ingredients used in diabetes nutrition products include fibers, proteins, healthy fats, prebiotics, and probiotics.
Market Dynamics:
The diabetes nutrition market is primarily driven by the growing prevalence of diabetes worldwide. According to the International Diabetes Federation, approximately 537 million adults were living with diabetes in 2021 globally and this number is projected to reach 783 million by 2045. The rising awareness about specialized diets and their role in diabetes management is another major factor fueling the market growth. Furthermore, increasing demand for convenient packaged and ready-to-eat low carb foods is boosting the sales of diabetes nutrition products. While certain low carb packaged foods tend to be high in sodium content, major companies are innovating new product ranges with reduced sodium levels, natural flavors, and clean label ingredients to better meet consumer needs.
Segment Analysis
The global diabetes nutrition market is dominated by the oral diabetes nutritional products segment. Currently, oral diabetes nutritional products such as capsules, tablets, soft gels, and gel caps account for around 60% share of the overall diabetes nutrition market. The oral segment is dominating as oral supplements are conveniently packaged, affordable, and easy for consumption as compared to other types of nutrition such as liquid supplements.
PEST Analysis
Political: Governments across countries are actively promoting awareness about diabetes prevention and management through public health initiatives which is positively impacting the market growth.
Economic: Rising per capita incomes in developing countries have improved affordability of diabetes nutritional supplements among middle-income groups thereby boosting sales.
Social: Growing social awareness about benefits of maintaining a healthy diet and lifestyle for diabetes management is driving many patients to adopt nutritional supplements.
Technological: Advancements in encapsulation and flavoring technologies have led to development of innovative product formats making supplements more palatable and tasty for regular consumption.
Key Takeaways
The Global Diabetes Nutrition Market Size is expected to reach US$ 9,345.12 Mn by 2030, expanding at a CAGR of 6.5% during the forecast period. Rise in global prevalence of diabetes due to obesity, sedentary lifestyles is a key factor accelerating demand for diabetes specific nutritional supplements. Regionally, North America captured around 35% share of the overall diabetes nutrition market in 2023 and is expected to continue dominating due to high health awareness and expenditure on diabetes management in the region. 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. Nestle dominated sales with its wide range of diabetes-specific nutritional supplements especially for patients with type 2 diabetes.
Regional analysis: North America captured around 35% share of the overall diabetes nutrition market in 2023 primarily due to the rising prevalence of diabetes in the United States. According to CDC, over 37 million Americans have diabetes in 2023. This large diabetic population base along with higher per capita healthcare spends on management is a key factor propelling the North America diabetes nutrition market.
Key players: 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.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
