Diabetes nutrition is used by people with diabetes mellitus or high blood sugar to reduce the symptoms and dangerous complications of diabetes. Diabetes nutrition include proteins, amino acids, omega-3 fatty acids, alpha-lipoic acid, herbal supplements, soluble fiber, probiotics, carbohydrates, and antioxidants. Diabetes nutrition helps the body to lower the blood glucose level, as extra calories and fats creates the undesirable rise in blood glucose level.
The global diabetes nutrition market is estimated to be valued at US$ 5,370.2 million in 2022 and is expected to exhibit a CAGR of 6.5% during the forecast period (2022-2030).
Figure 1. Global Diabetes Nutrition Market Share (%), by Form, 2022
Global Diabetes Nutrition Market - Driver
Increasing strategies adopted by key market players, such as product launches, is expected to drive the global diabetes nutrition market over the forecast period. For instance, in June 2020, Pendulum, a biotechnology company, announced that they had launched pendulum glucose control, the first medical probiotic for the dietary management of type 2 diabetes. Pendulum glucose control targets the gut microbiome to manage blood sugar level.
Diabetes Nutrition Market Report Coverage
|Base Year:||2021||Market Size in 2022:||US$ 5,370.2 Mn|
|Historical Data for:||2017 to 2020||Forecast Period:||2022 to 2030|
|Forecast Period 2022 to 2030 CAGR:||6.5%||2030 Value Projection:||US$ 8,920.9 Mn|
|Restraints & Challenges:||
Figure 2. Global Diabetes Nutrition Market Share (US$ Million), by Region, 2022
Global Diabetes Nutrition Market – Impact of Coronavirus (COVID-19) Pandemic
Since the COVID-19 virus outbreak in December 2019, the disease has spread to over 100 countries across the globe and the World Health Organization declared it a public health emergency on January 30, 2020.
COVID-19 can affect the economy in three main ways: by directly affecting the production and demand of drugs, by creating disruptions in distribution channels, and through its financial impact on firms and financial markets. Due to nationwide lockdowns, several countries such as China, India, Saudi Arabia, U.A.E., Egypt, and others are facing problems with the transportation of drugs from one place to another.
The COVID-19 pandemic also had a positive impact on the global diabetes nutrition market growth during COVID-19. For instance, according to the data published in Springer Journal, in April 2021, as nutrition plays an important role in immunity, adequate intake of dietary protein, fiber, essential fatty acids and some micronutrients especially vitamins D, C, B12, folate, zinc and selenium has beneficial effects on the prevention and treatment of COVID-19 in diabetic patients through modulation of innate and adaptive immune responses or direct effects on virus enzymes or the rate of cell entrance.
Global Diabetes Nutrition Market: Key Developments
The adoption of inorganic growth strategies such as product launches by key market players is expected to drive the global diabetes nutrition market growth. For instance, in December 2021, Danone India, a manufacturer of nutrion products, announced that they had launched Protinex Diabetes Care to address the nutritional requirements of Indians with diabetes. The product aims to provide adequate protein and fiber, which are important nutrients in managing blood sugar levels.
Global Diabetes Nutrition Market: Restraint
Increasing number of product recalls by regulatory authorities such as the U.S. Food and Drug Administration is expected to hinder the market growth. For instance, in November 2020, the U.S. Food and Drug Administration recalled metformin hydrochrolide,a medication for glucose management in patients with type 2 diabetes which was manufactured by Marksans Pharma, a pharmaceutical company. The drug was recalled due the detection of of high levels of N-nitrosodimethylamine, an organic compound linked to causing cancer in high concentrations.
Global Diabetes Nutrition Market - Key Players
Major players operating in the global diabetes nutrition market include 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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