by Diabetic foods are specially formulated food products designed for diabetic patients to help manage their blood sugar levels. These foods have reduced sugar content, are low on the glycemic index, and are rich in proteins and fibers. With the growing prevalence of diabetes globally, there is an increasing demand for healthy food choices for diabetic individuals. According to the International Diabetes Federation, around 537 million adults aged 20-79 years are living with diabetes and this number is projected to rise to 643 million by 2030.
The global Diabetic Food Market is estimated to be valued at US$ 15.11 billion in 2024 and is expected to exhibit a CAGR of 6.2% over the forecast period 2024-2031, as highlighted in a new report published by Coherent Market Insights.
Market key trends:
One of the key trends in the diabetic food market is the rise of low glycemic index foods. Glycemic index measures how quickly foods cause increases in blood sugar levels. Low glycemic index foods release glucose slowly, helping maintain steady blood sugar levels. Many companies are developing and marketing diabetic foods with low glycemic carbohydrates to aid blood sugar control. Another trend gaining traction is customization in diabetic foods. With growing awareness, consumers are demanding diverse and customized product offerings tailored to their individual nutritional needs and taste preferences. Companies are innovating new product lines with regional and ethnic flavor profiles. Sustainable and clean label trends are also influencing the diabetic food market as consumers seek natural and organic options.
Porter’s Analysis
Threat of new entrants: The diabetic food market has moderate threat of new entrants due to high R&D and production costs involved with bringing new diabetic friendly food products.
Bargaining power of buyers: Buyers have moderate bargaining power in this market as there are numerous established brands offering a variety of diabetic food options.
Bargaining power of suppliers: Suppliers have low to moderate bargaining power due to availability of alternatives.
Threat of new substitutes: Threat of new substitutes is low as there are limited substitutes for specialized diabetic food products.
Competitive rivalry: The market is highly competitive with companies focusing on new product innovations and offerings.
Key Takeaways
The Global Diabetic Food Market Size is expected to witness high growth. The global Diabetic Food Market is estimated to be valued at US$ 15.11 billion in 2024 and is expected to exhibit a CAGR of 6.2% over the forecast period 2024-2031.
The market is dominated by North America and Europe due to rising awareness about benefits of specialty diabetic foods. Asia Pacific is expected to grow at fastest pace over the forecast period with increasing diabetic population in countries like China and India.
Key players operating in the diabetic food market are Waifair LLC, Westminster Teak Inc., Polyteak, Bajanusa Furniture, Frontgate, Gloster Furniture GMBH, Nusantara Teak, Teak Heirlooms, Raft Furniture, Wihardja, Artisera, Teak & Mahogany, Dania Furniture, Danish Teak Classics, Casateak Teak wood furniture, Teak Vogue Sdn Bhd, CV.Jepara Crafter Furniture, Wisanka Indonesia, Kalingga Jati Furniture, Republic Furniture Group. Key players are focusing on new product launches and targeting emerging markets through partnerships and collaborations.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
