Published on : Mar 14, 2016
Being diabetic translates to waging a batter with body weight and daily diet on an everyday basis. The growing number of diabetics around the world, with age not being the criteria, there is a dire need for manufacturing food items that cater to their medical needs. Owing to these reasons, the global diabetic food market has been witnessing a tremendous growth. According to a research report published by an esteemed market research company, Transparency Market Research, the global diabetic food market will register a CAGR of 5.90% from 2014 to 2020.
Growing Health Problems Drives Diabetic Food Market
The innumerable lifestyle changes, tough jobs, lack of time, and increasing options convenience food items are all leading towards poor health conditions, many a time leading to diabetes and cardiovascular diseases. To curb the intake of high-carbohydrate food items and to help diabetics maintain good health despite lack of time several manufacturers such as Unilever Plc, Mars Inc., Cadbury plc,, Nestle S.A., PepsiCo Inc., Fifty 50 Foods Inc., The Coca-Cola Company, Kellogg Company, and David Chapman’s Ice Cream Limited are constantly working towards offering a plethora of food options to the potential consumers.
Health-conscious Population Boosts Diabetic Food Market
The global diabetic food market is also being propelled by the introduction of low-calorie diabetic food products in the form of drinks, artificial sweeteners, and ready-to-eat meals. The growing consumer awareness about these products along with changing preference towards food consumption to avert the chances of these diseases is also boosting the global diabetic food market. A crucial growth driver in the global diabetic food market is the growing pool of aging population and the health-conscious population.
North America to Lead Global Diabetic Food Market
In terms of geography, North America led the global diabetic food market in 2013 and is expected to retain this dominance all through the forecast period. This trend will be attributable to the increasing awareness amongst consumers about intake of low-calorie food items. The high prevalence of obesity amongst children is also likely to a driving factor for diabetic food market in North America in the coming years.