Global Diabetic Food market
The global diabetic food market is predicted to reach about $12 billion by the year 2025, this is due to the rising demand for “diabetics supporting” foods. Diabetes, also known as Diabetes mellitus, is a type of metabolic disorder in which the body has excessively high blood sugar level over a long period of time. Symptoms associated but not limited to diabetics include frequent urination, unquenchable thirst, increased hunger.
Other complications, mostly in serious and untreated case, include hyperglycemic state, cardiovascular disease, stroke, kidney problems, eye issues and may eventually lead to death. Diabetes is as a result of the pancreas not producing much insulin or the body cells are not responding effectively to the insulin produced.
Health concerns on diabetes have intensified especially with more frequent occurrence among non-adults and youngsters. Consumers are increasingly using alternatives to sugar such as artificial sweeteners. The food and beverage industry is tending towards replacing sugar or corn syrup with additive sweetners and thus the demand for products containing artificial sweeteners such as acesulfame, potassium, saccahrin, sucralose, aspartame and neo-tame as a substitute for sugar is likely to increase in market growth.
Other factors such as hectic and erratic lifestyle and also increased demand for junk food which can lead to diabetic food market growth. Among children too, the occurrence is getting rampant probably due to lack of much physical activities.
Diabetic Food manufacturers
Manufacturers of food that encourage diabetes are intensifying their production by innovating new products. Products such as low-fat dairy, dietary beverages, snacs, low-calorie sugar, jellies, ice creams, diabetic baked products and confectionery which could also increase the diabetic market growth. The increased use of e-commerce is also making it easier for consumers to purchase a wide range of diabetic foods online. Unfortunately, ingredients used for producing diabetic foods can support the development of other various health related issues such as cancer, headache and tumor. Continuous development in technologies on the inputs of investments on research is a major market player which further improves the capabilities and reliability of the diabetes care solutions.
The North America was a key player in the consumption of diabetic foods in 2015 due to high level of glucose and aging population of the United States. Also, obesity is another possible reason for increasing demand for diabetic foods in the United States. In Europe, the market demand for diabetic foods is expected to grow. In APAC (Asia Pacific), market is also expected to grow at a very fast rate of 6 percent annually for more than nine years in contries such as China, India and Japan due to rapid globalization, increasing population which equates to increase disposable income among consumers. Demand for dairy prodcts acconted for more than 25 percent in emerging economies such as Brazil.
Major players in the diabetic food industry include Nestle, Unilever Plc, PepsiCo Inc, Cadbry Plc, Coca Cola, Kellogg company, Wellness Pvt. Ltd, Newtriton Plus, Sushma Gram Udyog and David Chapman’s Ice Cream Limited. Sushma Gram Udyog produces white oats, oat bran and unpolished rice under hygenic conditions.