The Diabetes Nutrition Market is Anticipated to Witness Steady Growth Due to Increasing Prevalence of Diabetes


Posted June 5, 2024 by ashwinicmi

The diabetes nutrition market comprises products such as supplement pills, drinks, protein bars, and snacks aimed at managing blood sugar levels and weight in patients with diabetes.
 
These products help patients with diabetes to manage their condition and stay healthy by providing balanced nutrition. The growing prevalence of diabetes across the globe is necessitating effective management of the condition through strict diet control and lifestyle changes. This is a primary factor driving the demand for specialized diabetes nutrition products.

The global diabetes nutrition market is estimated to be valued at US$ 6588.59 Mn in 2024 and is expected to exhibit a CAGR of 4.0% over the forecast period 2024 to 2031.

Key Takeaways

Key players operating in the diabetes nutrition market are Actavis, AbbVie Inc., Astellas Pharma Inc., Cara Therapeutics, EPI Health LLC, Galderma Laboratories LP, Ocera Therapeutics Inc., and Pfizer Inc., Sanofi, Trevi Therapeutics. These players are actively investing in new product launches and strategic collaborations to expand their diabetes nutrition product portfolio and gain a competitive edge in the market.

The key opportunities in the Diabetes Nutrition Market Size include rising awareness about specialty diabetes foods and nutritional regimens for managing blood glucose levels. Several lifestyle-focused startups are introducing innovative snacking options such as low-sugar bars, crisps, nut butters etc. specifically for diabetics.

The diabetes nutrition market is witnessing increasing global expansion driven by growing diabetic population worldwide. Key players are focusing on emerging markets in Asia Pacific and Latin America through partnerships with local medical education companies and distribution agreements with regional retailers.

Market Drivers

The rising geriatric population prone to diabetes due to age-related complications is a major driver for the diabetes nutrition market. Older adults require preventive nutrition measures and regular health monitoring to manage high blood sugar levels. Furthermore, increasing awareness about benefits of dietary modifications and medical nutrition therapy for optimizing glycemic control in diabetes augments the market growth.

Market Restrains
High costs of specialized diabetes nutrition products compared to normal food items may restrain the mass adoption particularly in price-sensitive developing regions. Lack of nutrition literacy among patients especially in rural areas also poses challenges for the diabetes nutrition market.

Segment Analysis
The diabetes nutrition market is dominated by the adults sub segment. The adult diabetic population constitutes a major share of the total diabetic patients. As per the International Diabetes Federation, the number of adults suffering from diabetes was estimated to be around 463 million in 2019. Adults require special nutritional care and diet control to manage diabetes. This makes the adults sub segment the largest revenue generating segment in the diabetes nutrition market.

The pediatric sub segment is also emerging as a fast growing segment in the diabetes nutrition industry. With increasing incidence of type 1 diabetes among children globally, the need for pediatric-specific diabetes nutrition products is rising. Pediatric diabetes poses additional challenges for parents regarding diet, food habits and lifestyle management of kids. This is supporting the demand for pediatric diabetes nutrition and supplements.

Global Analysis
Regionally, North America accounted for the highest share in the global diabetes nutrition market in 2024 and is projected to maintain its leading position throughout the forecast period. High prevalence of diabetes, presence of major industry players and superior healthcare infrastructure are some of the key factors supporting the growth of diabetes nutrition market in North America.

Asia Pacific region is slated to witness the fastest growth during the forecast period. Rapid economic development, improvements in healthcare access and rising awareness about diabetes self-management are increasing the demand for diabetes nutrition products in emerging countries of Asia Pacific. Additionally, growing geriatric population which are susceptible to diabetes and increasing obesity and sedentary lifestyles are favoring the adoption of diabetes-specific diet and nutrition in Asia Pacific region.

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Tags diabetes nutrition market , diabetes nutrition market growth , blood glucose levels
Last Updated June 5, 2024