Diabetes Nutrition Market -
Regional Insights
Diabetes
Nutrition Market is projected to witness significant growth during the
forecast period, owing to surge in the acceptance of new diabetic nutrition
product mainly in developing countries.
According to the American Diabetic Association’s report, Asia Pacific
diabetic nutrition and food industry generated around 22.0% of the total
industry revenue in 2015. Growing dairy and confectionery sector due to easy availability
and routinely consumable product, also increasing disposable income, is
expected to aid in the market growth in Asia Pacific. North America held the
dominant position in diabetes nutrition market in 2018 owing to increasing
health complexities by virtue of abnormal level of blood glucose and growing
geriatric population in the U.S. According to the US Census Bureau’s Population
report, 2016, 58% of 49.2 million older population is in the age group of 65-74
and which is largest among the three age groups. Moreover, as per the report of
Center for Disease Control and Prevention 2016, in the U.S. the obesity
prevalence rate was 39.8% and affected about 93.3 million adults, thus
propelling the demand for diabetic nutrition products in the U.S. The market in
Europe is driven by increasing regulatory approvals of diabetes nutrition
products and high presence of products in last stage of clinical trials.
Nutrition is very important part
in management of diabetes. Diabetes nutrition products are dietary products
that contain less sugar and carbohydrate content. These products help in
controlling blood glucose levels. Moreover, diabetes nutrition food contains
low calorie diet beverages as well as sweeteners. These nutrition products are
mostly consumed by diabetes patient as well non-diabetic patients as
precautionary measure to prevent diabetes. These nutrition products also help
to regulate other complications of diabetes such as neuropathy, nephropathy,
high blood pressure along with diabetes, as these products help to maintain the
lipid profile that leads to decrease in the risk of vascular complications.
Diabetic patients require a low fat diet containing fruits and vegetables and
low fat dairy products containing calcium, potassium, and magnesium.
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Diabetes Nutrition Market Drivers
Increasing diabetic population is
a major factor propelling growth of the diabetes nutrition market. According to
the International Federation of Diabetes, 2017 report, around 425 million
adults were suffering from diabetes and the number is expected to reach 629
million by 2045 globally. Rapid urbanization that leads to changes in lifestyle
is also expected to drive the market growth.
Moreover, key players in the
market are focused on launching new products to expand their product portfolio.
For instance, in April 2019, Ingredia, a dairy company, launched a bio-active
ingredient that helps to reduce blood glucose level in pre-diabetic patients
and can also be used as dietary nutritional supplement. Such product
development activity is expected to drive the diabetes nutrition market growth.
However, substance or ingredients
used to produce diabetic nutrition food products sometimes may cause various
health related problems such as skin allergy, gastrointestinal tract
disturbances, and respiratory tract infections to the patient. This in turn is
expected to hinder the market growth over the forecast period.
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Research and development of novel
nutrition products for diabetes is expected to offer lucrative growth
opportunity for market players. Dietary beverages, backed products, and dairy
products are major segments contributing to the diabetic nutrition market
growth.
Diabetes Nutrition Market -
Competitive Landscape
Key players in the diabetic
nutrition market are focused on offering an array of products. For instance,
Newtrition Plus offers sugar-free products and customized products for
diet-conscious people. Amber Lynn offers sugar-free chocolates, zero trans-fat
chocolates, and dark chocolates sweetened with maltitol for diabetic patients.
Major players operating in the
global diabetic nutrition market include, Newtrition Plus, Amber Lynn, Nestle
S.A., Abbott Nutrition, Medlife, Danone Inc., Fresenius Kabi AG, Zemaica
Healthcare, Clinical Products LLC, Best Source Nutrition Pvt. Ltd., Inlife
Pharma Pvt. Ltd., Bjain Pharmaceuticals Pvt. Ltd., Kalbe Farma, General
Nutrition Centers, Inc., and Ingredia.
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