Diabetic Foods Market Estimated Growth Potential Through 2023-2032

The Diabetic Foods Global Market Report 2023 by The Business Research Company, provides diabetic foods market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten-year historic period – 2010-2021, and a ten-year forecast period – 2023-2032.

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According to The Business Research Company’s Diabetic Foods Global Market Report 2023, the market size will grow from $11.57 billion in 2022 to $13.26 billion in 2023 at a compound annual growth rate (CAGR) of 14.6%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of global diabetic foods is expected to grow from $21.7 billion in 2027 at a CAGR of 13.1%.

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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The diabetic foods market is segmented:

1) By Product Type: Bakery Products, Dairy Products, Confectionery Products, Beverages, Snacks, Other Product Types

2) By Distribution Channel: Supermarkets and Hypermarkets, Drug Stores/Pharmacies, Online Stores, Other Distribution Channels

3) By End User: Children, Adults

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 is attracting more customers towards the diabetic foods market. 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 is pegged at Rs 25,000. 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.

The diabetic foods market report table of contents includes: