Global Diabetic Foods Market Trends And Strategies Of Major Players In The Diabetic Foods Market 2021-2030
28 Sep, 2021
The diabetic foods market consists of sales of diabetic foods and related services that are used in supermarkets and hypermarkets, stores or pharmacies, grocery stores, and online stores. Diabetic food products are dietary products which include reduced carbohydrate content and sugar content that help regulate blood glucose increase. Diabetic food also contains low calorie sweeteners, diet beverages, etc.
Global Diabetic Foods Market Size And Drivers:
The global diabetic foods market is expected grow from $10.62 billion in 2020 to $11.38 billion in 2021 at a compound annual growth rate (CAGR) of 7.2%. The growth is mainly due to the companies resuming their operations and adapting to the new normal while recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $14.94 billion in 2025 at a CAGR of 7%. Increasing cases of juvenile diabetes among children and youth is a key factor driving the growth of the diabetic foods market.
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Trends In The Global Diabetic Foods Market
Product innovation is the key trend in the diabetic foods market. The introduction of various items such as low-calorie sweet beverages, sugar-free jellies, diabetic bakery items, low-fat ice cream, and other dairy goods are attracting more customers towards diabetic foods. For instance, companies like Coke, Pepsi, Thumps Up and Sprite introduced new beverages such as protein shakes, good-for-good beverages and functional waters that are gradually making their presence felt in retail stores and contributing to faster growth in the overall beverage category. With an annual growth rate of 7%, the carbonated soft drinks (CSD) industry in India was pegged at Rs 25,000 in 2018. Coke's biggest segment in the US, Diet Coke, and Coke Zero Sugar contributed to an 8% rise in retail sales growth last year for the brand of non-calorie sparkling soft drinks, it reported a 5% organic global growth overall for the year.
Global Diabetic Foods Market Segments:
The global diabetic foods market is further segmented –
By Product Type: Bakery Products, Dairy Products, Confectionery Products, Beverages, Snacks, Others
By Distribution Channel: Supermarkets and Hypermarkets, Drug Stores/Pharmacies, Online Stores, Others
By End User: Children, Adults
By Geography: The global diabetic foods market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.
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https://www.thebusinessresearchcompany.com/report/diabetic-foods-market-global-report-2020-30-covid-19-growth-and-changeDiabetic Foods Global Market Report 2021 is one of a series of new reports from The Business Research Company that provides diabetic foods market overviews, analyzes and forecasts market size and growth for the global diabetic foods market, diabetic foods market share, diabetic foods market players, diabetic foods market segments and geographies, diabetic foods market’s leading competitors’ revenues, profiles and market shares. The diabetic foods market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.