Diabetic Food Market Size, Share, Analysis & Forecast | 2032

Report Description

Diabetic Food Market Outlook 2032

The global diabetic food market size was USD 14 Billion in 2023 and is projected to reach USD 23.8 Billion by 2032, expanding at a CAGR of 6.1% during 2024–2032. The market growth is attributed to the increasing demand for healthy and organic food for the diabetic population.

Growing prevalence of obesity and metabolic disorders is likely to boost the adoption of diabetic food products. These foods are formulated with low in sugar and fat, which helps in managing weight and preventing diabetes-related complications for consumers. For instance, according to the WHO report released on March 1, 2024, around one-eighth of the population was afflicted by obesity in 2022. Moreover, surging demand for natural and organic diabetic food options further boosts the market.

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Impact of Artificial Intelligence (AI) in Diabetic Food Market

The use of artificial intelligence is likely to boost the diabetic food market. AI algorithms help companies personalize product recommendations based on individual dietary needs and preferences. Additionally, AI-powered chatbots and virtual assistants provide real-time customer support and assistance, enhancing engagement and fostering brand loyalty.

Diabetic Food Market Dynamics

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Major Drivers

Increasing awareness about diabetes and its management is projected to drive the market. This trend is spurring the demand for diabetic-friendly foods, including sugar-free, low-carb, and high-fiber options. Moreover, the rise in the diabetic population creates a high demand for new diabetic food products, which further fuels the market.

• According to the report published by the WHO on April 5, 2023, the number of people with diabetes increased from 108 million in 1980 to 422 million in 2014.

Existing Restraints

Limited consumer awareness and misconceptions about diabetic food products are expected to hinder the market. Many people perceive such products as bland or lacking in taste, leading to reluctance to try them. Moreover, high costs of these foods, as they are manufactured using expansive sugar substitutes and functional fibers further hampers the market during the forecast period.

Emerging Opportunities

­High demand for innovative diabetic-friendly products is expected to create immense opportunities for the players competing in the market. Manufacturers are developing novel formulations, such as sugar-free confectionery with natural sweeteners or low-carb bakery items. Furthermore, increasing awareness about the importance of personalized dietary approaches in managing chronic, such as diabetes, which further boosts the market.

Scope of the Diabetic Food Market Report

The market report includes an assessment of the market trends, segments, and regional markets. Overview and dynamics are included in the report.

Regional Outlook

In terms of region, the global diabetic food market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. North America held a major market share in 2023, due to the widespread consumer awareness about the importance of dietary management in diabetes. Moreover, the growing population suffering from diabetics in this region thus boosting the market.

• According to the report published by the Centers for Disease Control and Prevention on November 29, 2023, diagnosed diabetes incidence varied widely across the US in 2020, ranging from 2.2 to 53.5 per 1,000 people.

The market in Asia Pacific is projected to grow at a significant pace in the coming years, owing to the rapidly expanding elder diabetic population. Factors, such as changing dietary patterns, urbanization, and sedentary lifestyles contribute to the rising prevalence of diabetes in this region. Moreover, increasing healthcare expenditure and growing awareness about diabetes management are boosting the demand for diabetic food products in this region.

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Diabetic Food Market Segment Insights

Product Segment Analysis

Based on product, the diabetic food market is divided into confectionery, bakery products, snacks, dairy products, and others. The bakery products segment held a major share of the market in 2023, due to the increasing demand for diabetic-friendly bakery items such as bread, cakes, and cookies.

Bakery products offer convenience and familiarity to consumers while providing diabetic-friendly alternatives that help manage blood sugar levels effectively. Moreover, manufacturers are developing bakery products with reduced sugar content, and high fiber content without compromising taste, further boosting the segment.

The snacks segment is expected to expand at a significant growth in the coming years, owing to the increasing consumption of healthy snacking alternatives among the diabetic population. Consumers are seeking small, frequent meals, contributing to the demand for diabetic-friendly snack products. Additionally, rising awareness among consumers about the significance of portion control and balanced nutrition in managing diabetes further propels the adoption of portion-controlled snack options.

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Distribution Channel Segment Analysis

On the basis of distribution channel, the global market is segregated into specialty stores, supermarkets & hypermarkets, online, and others. The online segment is anticipated to expand at a substantial CAGR during the forecast period. E-commerce provides convenience, accessibility, and a wide array of options for consumers, enabling them to browse and purchase diabetic-friendly products from their homes. Moreover, the easy availability of various online platforms offering a range of diabetic foods further enhances this segment.