Diabetic Food Market, By Application (Dietary beverages, Ice cream and jellies, Dairy products, Confectionery, Baked products, Others), By Region (North America, Latin America, Europe, Middle East & Africa, and Asia Pacific)

Published In : Jul 2023

Code : CMI3926

Pages :120

Formats :

Excel and PDF

Industry : Food and Beverages

Market Challenges And Opportunities

Drivers

Rising cases of diabetes around the globe is a prime factor augmenting the market growth of diabetic food products.

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 (WHO), between 2020 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.

Diabetic Food market is the increasing diabetic population

Rising health-awareness, diabetes concerns, and rising obesity are all contributing to the growth of the diabetes Food industry. However, the comparatively expensive prices of the items are impeding market expansion. Diabetic food product awareness is growing, as is the demand for them. Consumption of sugar substitutes is predicted to generate several chances for the Diabetic Food industry to develop.

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 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.