Dublin, Nov. 13, 2024 (GLOBE NEWSWIRE) -- The "Diabetes Care Nutrition Global Market Insights 2024, Analysis and Forecast to 2029, by Market Participants, Regions, Technology, Application" report has been added to ResearchAndMarkets.com's offering.
The diabetes care nutrition market has experienced significant growth in recent years, driven by the rising prevalence of diabetes globally. As of 2023, approximately 537 million adults are living with diabetes, a number projected to reach 643 million by 2030. The increasing awareness of diabetes management and the importance of dietary interventions have led to a heightened demand for specialized nutrition products tailored to the needs of diabetic patients. These products include low-calorie meal replacements, nutritional bars, and beverages designed for blood sugar management.
Market Size
The global diabetes care nutrition market was valued at approximately $9.24 billion in 2023 and is projected to reach around $13.6 billion by 2029, growing at a CAGR of 6.8% during the forecast period (2024 - 2029). This growth can be attributed to the increasing incidence of diabetes, rising awareness about diabetic nutrition, and the growing market for glucose management supplements and foods.
Share & Trends Analysis
By Product Type
The diabetes care nutrition market is segmented by product type into:
- Meal Replacements: 35%
- Nutritional Beverages: 25%
- Snacks and Bars: 20%
- Functional Foods: 20%
Meal replacements dominate the market share due to their convenience and nutritional adequacy for those managing diabetes.
By Key Players
Major players in the diabetes care nutrition market include:
- Abbott Laboratories
- Nutricia (Danone)
- PepsiCo, Inc.
- Bayer AG
- GlaxoSmithKline PLC
These companies have been investing in R&D to innovate their product lines and tap into the diabetic consumer base more effectively.
By Process
The market can also be segmented based on the processing method:
- Natural: 60%
- Artificial: 40%
Natural products tend to attract a broader consumer base looking for healthier options, while artificial ones remain prevalent due to their convenience and affinity for taste.
By Application
Applications of diabetes care nutrition include:
- Weight Management: 40%
- Blood Sugar Control: 30%
- Overall Health and Wellness: 30%
Weight management remains a crucial area for diabetics as maintaining a healthy weight is a significant factor in diabetes management.
By End-use
The market is segmented by end-use into:
- Hospitals: 30%
- Homecare: 50%
- Clinics and Nursing Facilities: 20%
Homecare is rapidly growing as patients increasingly manage their diabetes independently with nutritional support.
By Region
The regional analysis of the diabetes care nutrition market is as follows:
- North America: 35% of market share
- Europe: 30%
- Asia-Pacific: 25%
- Latin America: 5%
- Middle East & Africa: 5%
North America leads due to high healthcare expenditure and increasing diabetes prevalence, followed closely by Europe, where healthcare reforms have supported nutritional advancements.
Market News on Policy and Companies
Recent policy developments aimed at enhancing diabetes care include increased funding for research into dietary management strategies and subsidies for diabetic-friendly food products. In the United States, the Centers for Disease Control and Prevention (CDC) have launched initiatives to promote healthy dietary habits among diabetics, aligning with a push for preventative healthcare measures.
Companies like Abbott Laboratories have introduced innovative products which caters specifically to managing blood sugar levels while providing essential nutrients. Recently, Nutricia has collaborated with healthcare professionals to develop personalized nutritional plans for patients, boosting product effectiveness and adherence to diabetes care.
Segment Forecasts: 2024-2029
According to market forecasts, the diabetes care nutrition market is anticipated to witness the following growth across different segments:
- Meal Replacements expected to grow at a CAGR of 7.5%
- Nutritional Beverages anticipated growth of 6.5% CAGR
- Snacks and Bars forecasted to grow by 6% GPA
- Functional Foods expected to expand significantly, with a CAGR of 7%
The segment focusing on homecare is predicted to see substantial growth, reflecting a shift in patient management strategies. As diabetes becomes a more prevalent health concern, healthcare providers and consumers alike are expected to prioritize nutrition as a key component of care.
Conclusion
The diabetes care nutrition market is positioned for robust growth as global diabetes rates continue to rise and dietary management strategies gain prominence. Innovations in product formulation and increased awareness about nutritional choices will drive market dynamics over the next five years. Key players are likely to expand their offerings, focusing on natural ingredients and personalized nutrition solutions that cater to the specific needs of diabetic patients.
Key Topics Covered:
Chapter 1 Executive Summary
Chapter 2 Abbreviation and Acronyms
Chapter 3 Preface
Chapter 4 Market Landscape
4.1 Market Overview
4.2 Classification/Types
4.3 Application/End Users
Chapter 5 Market Trend Analysis
Chapter 6 Industry Chain Analysis
6.1 Upstream/Suppliers Analysis
6.2 Diabetes Care Nutrition Analysis
6.2.1 Technology Analysis
6.2.2 Cost Analysis
6.2.3 Market Channel Analysis
6.3 Downstream Buyers/End Users
Chapter 7 Latest Market Dynamics
7.1 Latest News
7.2 Merger and Acquisition
7.3 Planned/Future Project
7.4 Policy Dynamics
Chapter 8 Historical and Forecast Diabetes Care Nutrition Market in North America (2019-2029)
Chapter 9 Historical and Forecast Diabetes Care Nutrition Market in South America (2019-2029)
Chapter 10 Historical and Forecast Diabetes Care Nutrition Market in Asia & Pacific (2019-2029)
Chapter 11 Historical and Forecast Diabetes Care Nutrition Market in Europe (2019-2029)
Chapter 12 Historical and Forecast Diabetes Care Nutrition Market in MEA (2019-2029)
Chapter 13 Summary For Global Diabetes Care Nutrition Market (2019-2024)
13.1 Diabetes Care Nutrition Market Size
13.2 Diabetes Care Nutrition Market by End Use
13.3 Competition by Players/Suppliers
13.4 Diabetes Care Nutrition Market Size by Type
Chapter 14 Global Diabetes Care Nutrition Market Forecast (2024-2029)
14.1 Diabetes Care Nutrition Market Size Forecast
14.2 Diabetes Care Nutrition Application Forecast
14.3 Competition by Players/Suppliers
14.4 Diabetes Care Nutrition Type Forecast
Chapter 15 Analysis of Global Key Vendors
- Abbott
- Nestle
- Hindustan Unilever
- GMN Healthcare
- Patanjali
- Sun Pharmaceuticals
- Dr. Reddy's
- Health Oxide
- Devlo
- Diprovit
- Prodrive
- The Great Banyan
For more information about this report visit https://www.researchandmarkets.com/r/1iyd2x
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