Impact Analysis of Covid-19

The complete version of the Report will include the impact of the COVID-19, and anticipated change on the future outlook of the industry, by taking into the account the political, economic, social, and technological parameters.

Diabetic food products are dietary food products that are low in sugar and carbohydrate contents that help to control the rising sugar level in the blood. Diabetic food also includes low-calorie sweeteners, diet beverages with low-calorie sweeteners such as lactitol, aspartame, and sorbitol.

The global diabetic food market is projected to surpass US$ 16.5 billion by the end of 2027, in terms of revenue, growing at CAGR of 5.8 % during the forecast period (2020 to 2027).

Drivers

Rising cases of diabetes around the globe is a prime factor augmenting the market growth of diabetic food products. According to The International Diabetes Federation, in 2019, approximately 463 million adults (20-79 years) were living with diabetes; by 2045 this will rise to 700 million worldwide. Moreover, 1 in 5 of the people who are above 65 years old have diabetes. Thus, growing prevalence of diabetes is projected to foster the market growth of diabetic food.

Growth in the aging population around the globe as they are highly prone to diabetes is expected to accelerate the market growth of diabetic food products. According to the World Health Organization, between 2015 and 2050, the proportion of the world's population over 60 years will nearly double from 12% to 22%. By 2050, 80% of older people will be living in low- and middle-income countries.

Regionally, North America dominated the global diabetic food market in 2019, reporting 37% market share in terms of revenue, followed by Europe and Asia-pacific, respectively.

Figure 1. Global Diabetic Food Market, Revenue Share (%), By Region, 2019

Diabetic Foods  | Coherent Market Insights

Market Restraints

The high cost of diabetic food due to use of low-calorie sweeteners and other healthy ingredients increase the overall cost of the food product. Thus, the high cost of this food is expected to hinder the market growth of diabetic food.

Lack of awareness regarding the health benefits of diabetic food among consumers is hampering the demand for the food. Hence, the lack of awareness regarding the food product across rural areas is expected to restrict the market growth of diabetic food in the near future.

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Diabetic Foods Market Report Coverage

Report Coverage Details
Base Year: 2019 Market Size in 2019: US$ 10.5 Bn
Historical Data for: 2016 to 2019 Forecast Period: 2020 to 2027
Forecast Period 2020 to 2027 CAGR: 5.8% 2027 Value Projection: US$ 16.5 Bn
Geographies covered (27):
  • North America: U.S., Canada
  • Latin America: Brazil, Mexico, Rest of Latin America
  • Europe: Germany, U.K., Spain, France, Italy, Russia, Rest of Europe
  • Asia Pacific: China, India, Japan, Australia, Rest of Asia Pacific
  • Middle East & Africa: South Africa, GCC Countries, Rest of Middle East & Africa
Segments covered:
  • By Application: Dietary beverages, Ice cream and jellies, Dairy products, Confectionery, Baked products, and Others
Companies covered (8):
  • Nestle S.A., Unilever Plc, PepsiCo Inc., Cadbury Plc, The Coca-Cola Company, Kellogg, Company, Fifty 50 Foods, Inc., Mars Inc., Newtrition Plus Health and Wellness Pvt. Ltd, and Herboveda India
Growth Drivers:
  • Rising prevalence of diabetes across the globe
  • Growth in the aging population around the globe which are highly prone to diabetes
  • Increasing awareness regarding the precaution of diabetes among consumers
Restraints & Challenges:
  • High cost of diabetic food due to use of low-calorie sweeteners and other healthy ingredients
  • Lack of awareness regarding the health benefits of diabetic food among consumers

Market Opportunities

Expanding retail industry especially in Asia Pacific region is expected to serve major growth opportunities to the market of diabetic food. According to the India Brand Equity Foundation, the retail industry reached US$ 950 billion in 2018 at CAGR of 13% and expected to reach US$ 1.1 trillion by 2020. Online retail sales are forecasted to grow at the rate of 31% year-on-year to reach US$ 32.70 billion in 2018. Revenue generated from online retail is projected to grow to US$ 60 billion by 2020.

The increasing focus of manufacturers on establishing new R&D centers for expanding their presence in the market is expected to offer potential opportunities to the market of diabetic food. Moreover, changing lifestyle coupled with the rising demand for functional food among health-conscious consumers is also expected to foster the market growth of the diabetic food over the forecast timeframe.

Figure 2. Global Diabetic Food Market – Opportunity Analysis

Diabetic Foods  | Coherent Market Insights

Market Trend

Consumption of baked products with sugar substitutes around the globe is a growing trend in the market. This trend is expected to foster the market growth of diabetic food. For instance, in October 2018, Ultimate Baker launched a range of Kosher-certified naturally colored xylitol baking accessories for the diabetic market. Xylitol is an FDA approved sugar substitute that has a very low glycemic index and does not spike blood sugar or insulin. Ultimate Baker xylitol is produced from 100% plant fiber and is designed specifically for use by diabetics.

Increasing expenditure on healthy food products by consumers due to the rising health wellness trend in the market is expected to augment the market growth of diabetic food. Improving lifestyle coupled with the growing disposable income of the populations is expected to fuel the market growth of diabetic food. Furthermore, growth in the population coupled with the rising prevalence of juvenile diabetes among children is further anticipated to accelerate the market growth of diabetic food.

Figure 3. Global Diabetic Food Market, Revenue Share (%), By Application, in 2019

Diabetic Foods  | Coherent Market Insights

On the basis of application, dietary beverages dominated the global diabetic food market in 2019 with around 29% of market share in terms of revenue, followed by dairy products and ice cream and jellies, respectively.

Global Diabetic Food Market - Impact of Coronavirus (Covid-19) Pandemic

There have been unprecedented variations in the global sales of food products owing to the changes in purchase patterns among consumers. Rising trends of bulk buying and stockpiling of perishable foods has led to certain foods being in very limited supply, which in turn has led to price fluctuations in global diabetic food market. This scenario is expected to hinder the growth rate the market till the early months of 2021.

Competitive Section

Key players are operating in the global Diabetic food market are Nestle S.A., Unilever Plc, PepsiCo Inc., Cadbury Plc, The Coca-Cola Company, Kellogg, Company, Fifty 50 Foods, Inc., Mars Inc., Newtrition Plus Health and Wellness Pvt. Ltd, and Herboveda India

Few Recent Developments

Nestle S.A.

  1. In January 2020, Nestlé and Merit Functional Foods enter joint development agreement to scale pea and canola protein supply. 
  2. In December 2019, Caelus Health, a developer of food supplements and pharmaceutical products for the prevention and management of cardio-metabolic diseases, has entered into a strategic collaboration with Nestlé Health Science (NHSc). The aim is to further develop and ultimately commercialize food supplements based on specific microbiota for the purpose of early intervention and nutritional management of diabetes and liver disorders.

The global diabetic food market is growing at substantial rate, owing to the rise in elderly population across the globe. In addition to this, adoption of healthy lifestyle and increasing health awareness among consumers is expected foster the growth of the market during the forecast period. Diabetic foods are available for various applications such as dietary beverages, ice cream and jellies, dairy products, confectionery, baked products, and others

Market Dynamics

The global diabetic food market has witnessed significant growth in recent past years, owing to the rising health-conscious and adoption of a healthy lifestyle among consumers in the region. Moreover, growing awareness among consumers regarding health risks associated with excessive consumption of sugary beverages and foods which have high-calorie content. This scenario is expected to provide lucrative growth to the global Diabetic food market over the forecast period.

Major players in the global diabetic food market are increasing their investment on innovative product launchings, research & development and marketing & promotional activities to capitalize on emerging trends in various end-use industries food & beverages, nutritional and pharmaceuticals. This scenario is expected to fuel the market during the forecast period.

Key features of the study:

  • This report provides in-depth analysis of global diabetic food market size (US$ Billion), and Compound Annual Growth Rate (CAGR %) for the forecast period (2020 – 2027), considering 2019 as the base year
  • It elucidates potential revenue opportunity across different segments and explains attractive investment proposition matrix for this market
  • This study also provides key insights into market drivers, restraints, opportunities, new product launches or approval, regional outlook, and competitive strategies adopted by the leading players
  • It profiles leading players in the global diabetic food market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies, and future plans
  • Key companies covered as a part of this study includes Nestle S.A., Unilever Plc, PepsiCo Inc., Cadbury Plc, The Coca-Cola Company, Kellogg, Company, Fifty 50 Foods, Inc., Mars Inc., Newtrition Plus Health and Wellness Pvt. Ltd, and Herboveda India
  • Insights from this report would allow marketers and the management authorities of companies to make informed decision regarding their future product launches, Application up-gradation, market expansion, and marketing tactics
  • The global Diabetic food market report caters to various stakeholders in this industry including investors, suppliers, global diabetic food manufacturers, distributors, new entrants, and financial analysts
  • Stakeholders would have ease in decision-making through various strategy matrices used in analysing the global Diabetic food market

Detailed Segmentation:

  • Global Diabetic food Market, By Application:
    • Dietary beverages
    • Ice cream and jellies
    • Dairy products
    • Confectionery
    • Baked products
    • Others
  • Global Diabetic food Market, By Region:
    • North America
      • U.S.
        • By Application
          • Dietary beverages
          • Ice cream and jellies
          • Dairy products
          • Confectionery
          • Baked products
          • Others
      • Canada
        • By Application
          • Dietary beverages
          • Ice cream and jellies
          • Dairy products
          • Confectionery
          • Baked products
          • Others
    • Latin America
      • Brazil
        • By Application
          • Dietary beverages
          • Ice cream and jellies
          • Dairy products
          • Confectionery
          • Baked products
          • Others
      • Mexico
        • By Application
          • Dietary beverages
          • Ice cream and jellies
          • Dairy products
          • Confectionery
          • Baked products
          • Others
      •  Rest of Latin America
        • By Application
          • Dietary beverages
          • Ice cream and jellies
          • Dairy products
          • Confectionery
          • Baked products
          • Others
    • Europe
      • France
        • By Application
          • Dietary beverages
          • Ice cream and jellies
          • Dairy products
          • Confectionery
          • Baked products
          • Others
      • Germany
        • By Application
          • Dietary beverages
          • Ice cream and jellies
          • Dairy products
          • Confectionery
          • Baked products
          • Others
      • U.K.
        • By Application
          • Dietary beverages
          • Ice cream and jellies
          • Dairy products
          • Confectionery
          • Baked products
          • Others
      • Russia
        • By Application
          • Dietary beverages
          • Ice cream and jellies
          • Dairy products
          • Confectionery
          • Baked products
          • Others
      • Rest of Europe
        • By Application
          • Dietary beverages
          • Ice cream and jellies
          • Dairy products
          • Confectionery
          • Baked products
          • Others
    • Asia Pacific
      • China
        • By Application
          • Dietary beverages
          • Ice cream and jellies
          • Dairy products
          • Confectionery
          • Baked products
          • Others
      • Japan
        • By Application
          • Dietary beverages
          • Ice cream and jellies
          • Dairy products
          • Confectionery
          • Baked products
          • Others
      • Australia
        • By Application
          • Dietary beverages
          • Ice cream and jellies
          • Dairy products
          • Confectionery
          • Baked products
          • Others
      • India
        • By Application
          • Dietary beverages
          • Ice cream and jellies
          • Dairy products
          • Confectionery
          • Baked products
          • Others
      • Rest of the Asia-pacific
        • By Application
          • Dietary beverages
          • Ice cream and jellies
          • Dairy products
          • Confectionery
          • Baked products
          • Others
    • Middle East & Africa
      • GCC
        • By Application
          • Dietary beverages
          • Ice cream and jellies
          • Dairy products
          • Confectionery
          • Baked products
          • Others
      • South Africa
        • By Application
          • Dietary beverages
          • Ice cream and jellies
          • Dairy products
          • Confectionery
          • Baked products
          • Others
      • Rest of Middle East & Africa
        • By Application
          • Dietary beverages
          • Ice cream and jellies
          • Dairy products
          • Confectionery
          • Baked products
          • Others
  • Company Profiles
    • Nestle S.A.
      • Company Overview
      • Product Portfolio
      • Financial Performance
      • Key Strategies
      • Recent Developments
      • Future Plans
    • Unilever Plc
    • PepsiCo Inc.
    • Cadbury Plc
    • The Coca-Cola Company
    • Kellogg Company
    • Fifty 50 Foods, Inc.
    • Mars Inc.
    • Newtrition Plus Health and Wellness Pvt. Ltd
    • Herboveda India

 “*” marked represents similar segmentation in other categories in the respective

Table of Contents

  1. Research Objectives and Assumptions
    • Research Objectives
    • Assumptions
    • Abbreviations
  2. Market Purview
    • Report Description
      • Market Definition and Scope
    • Executive Summary
      • Market Snippet, By Application
      • Market Snippet, By Region
    • Coherent Opportunity Map (COM)
  3. Market Dynamics, Regulations, and Trends Analysis
    • Market Dynamics
      • Drivers
        • Supply Side Drivers
        • Demand Side Drivers
        • Economic Drivers
      • Restraints
      • Market Opportunities
      • Regulatory Scenario
      • Industry Trend
      • PEST Analysis
      • PORTER’s Analysis
      • New Product Approvals/Launch
      • Promotion and Marketing Initiatives
  4. Global Diabetic Food Market - Impact of Coronavirus (Covid-19) Pandemic
    • Change in the Consumer Spending Pattern, by Geography
      • North America
      • Latin America
      • Asia-pacific
      • Europe
      • Middle East & Africa
  5. Global Diabetic Food Market, By Application, 2017 - 2027 (US$ Billion)
    • Introduction
      • Market Share Analysis, 2017 and 2027 (%)
      • Y-o-Y Growth Analysis, 2020 - 2027
      • Segment Trends
    • Dietary beverages
      • Market Share Analysis, 2017 and 2027 (%)
      • Y-o-Y Growth Analysis, 2020 - 2027
    • Ice cream and jellies
      • Market Share Analysis, 2017 and 2027 (%)
      • Y-o-Y Growth Analysis, 2020 - 2027
    • Dairy products
      • Market Share Analysis, 2017 and 2027 (%)
      • Y-o-Y Growth Analysis, 2020 - 2027
    • Confectionery
      • Market Share Analysis, 2017 and 2027 (%)
      • Y-o-Y Growth Analysis, 2020 - 2027
    • Baked products
      • Market Share Analysis, 2017 and 2027 (%)
      • Y-o-Y Growth Analysis, 2020 - 2027
    • Others
      • Market Share Analysis, 2017 and 2027 (%)
      • Y-o-Y Growth Analysis, 2020 - 2027
  6. Global Diabetic Food Market, By Region, 2017- 2027 (US$ Billion)
    • Introduction
      • Market Share Analysis, By Region, 2017 and 2027 (%)
      • Y-o-Y Growth Analysis, By Region, 2020 - 2027
    • North America
      • Market Share Analysis, By Country, 2017 and 2027 (%)
      • Y-o-Y Growth Analysis, By Country, 2020 - 2027
        • U.S.
          • Country Trends
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Billion)
        • Canada
          • Country Trends
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Billion)
    • Latin America
      • Market Share Analysis, By Country, 2017 and 2027 (%)
      • Y-o-Y Growth Analysis, By Country, 2020 - 2027
        • Brazil
          • Country Trends
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Billion)
        • Mexico
          • Country Trends
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Billion)
        • Argentina
          • Country Trends
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Billion)
        • Rest of Latin America
          • Sub-region/Country Trends
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Billion)
    • Europe
      • Market Share Analysis, By Country, 2017 and 2027 (%)
      • Y-o-Y Growth Analysis, By Country, 2020 - 2027
        • France
          • Country Trends
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Billion)
        • Germany
          • Country Trends
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Billion)
        • Italy
          • Country Trends
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Billion)
        • Spain
          • Country Trends
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Billion)
        • U.K.
          • Country Trends
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Billion)
        • Russia
          • Country Trends
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Billion)
        • Poland
          • Country Trends
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Billion)
        • Rest of Europe
          • Sub-region/Country Trends
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Billion)
    • Asia Pacific
      • Market Share Analysis, By Country, 2017 and 2027 (%)
      • Y-o-Y Growth Analysis, By Country, 2020 - 2027
        • China
          • Country Trends
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Billion)
        • India
          • Country Trends
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Billion)
        • Japan
          • Country Trends
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Billion)
        • Australia
          • Country Trends
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Billion)
        • Rest of Asia Pacific
          • Sub-region/Country Trends
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Billion)
    • Middle East & Africa
      • Market Share Analysis, By Country/ Sub-region, 2017 and 2027 (%)
      • Y-o-Y Growth Analysis, By Country/ Sub-region, 2020 - 2027
        • GCC
          • Country Trends
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Billion)
        • South Africa
          • Country Trends
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Billion)
        • Rest of Middle East & Africa
          • Sub-region/Country Trends
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Billion)
  7. Competitive Landscape
    • Market Share Analysis
    • Company Profiles
      • Lyondell Basell Industries Holdings B.V.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments
        • Future Plans
      • Nestle S.A.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments
        • Future Plans
      • Unilever Plc
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments
        • Future Plans
      • PepsiCo Inc.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments
        • Future Plans
      • Cadbury Plc
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments
        • Future Plans
      • The Coca-Cola Company
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments
        • Future Plans
      • Kellogg Company
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments
        • Future Plans
      • Fifty 50 Foods, Inc.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments
        • Future Plans
      • Mars Inc.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments
        • Future Plans
      • Newtrition Plus Health and Wellness Pvt. Ltd
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments
        • Future Plans
      • Herboveda India
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments
        • Future Plans
      • Braskem SA
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments
        • Future Plans
    • References
    • Research Methodology
    • About us and Sales Contact

* Browse 45 market data tables* and 30 figures* on "Global Diabetic Food Market” – global forecast to 2027

Frequently Asked Questions

The market for global diabetic food is forecast to surpass US$ 16.5 billion by 2027 witnessing a CAGR of 5.8% between 2020 and 2027.
Rising prevalence of diabetes among aging population around the globe is fuelling the growth of the global Diabetic food market in the region.
Consumption of baked products with sugar substitutes and increasing expenditure on healthy food products by consumers due to the rising awareness regarding health wellness is expected to favor market growth over the forecast period.
High cost of diabetic food due to use of low-calorie sweeteners and other healthy ingredients is expected to hamper the growth the market during the forecast period.
Major players operating in the global diabetic food market include Nestle S.A., Unilever Plc, PepsiCo Inc., Cadbury Plc, The Coca-Cola Company, Kellogg, Company, Fifty 50 Foods, Inc., Mars Inc., Newtrition Plus Health and Wellness Pvt. Ltd, and Herboveda India
The global diabetic food market was estimated to be valued around US$ 10.5 billion in terms of revenue in 2019.
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