Nutrition Segment Is The Largest Segment Driving The Growth Of Diabetes Nutrition Market
The global Diabetes Nutrition Market is estimated to be valued at US$ 5719.26 Mn in 2023 and is expected to exhibit a CAGR of 6.5% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market Overview:
Diabetes nutrition products contain nutrients and ingredients that help in managing diabetes by controlling blood glucose levels. They include dietary fibers, proteins, probiotics, and prebiotic ingredients that slow down digestion and absorption of glucose in the body. Diabetes nutrition products aim to provide balanced nutrition to diabetes patients.
Market key trends:
One of the key trends in the diabetes nutrition market is the increasing adoption of customized nutrition solutions. With growing awareness about specific nutritional needs of diabetes patients, companies are offering customized nutrition plans and products tailored to individual requirements. For example, based on factors like age, lifestyle, physical activity levels, medical history, biomarkers, and genetic makeup, companies provide hyper-personalized meal plans, customized snack boxes, and formulas for optimal blood glucose control. This trend allows personalized nutrition regimens for effective diabetes management.
SWOT Analysis
Strength: The market has a large target population base suffering from diabetes. It also has extensive variety and customized nutritional products available according to diabetes type and stage.
Weakness: Lack of awareness about disease-specific nutrition in developing regions as well as high costs of specialized products.
Opportunity: Growing awareness campaigns by governments and organizations can boost the demand. Untapped markets in developing regions offer scope for expansion.
Threats: Risk of substitutes like generic nutrition supplements eating into market shares. Stringent regulatory framework for new product approvals.
Key Takeaways
The Global Diabetes Nutrition Market Size is expected to witness high growth, exhibiting CAGR of 6.5% over the forecast period, due to increasing awareness about managing diabetes through diet and nutrition.
Regional analysis: North America dominates the market currently due to advanced healthcare infrastructure and higher health expenditures. However, Asia Pacific is expected to grow at the fastest pace due to improving access to healthcare facilities, rising disposable incomes and growing diabetes prevalence in the region.
Key players operating in the Diabetes Nutrition market are Nestle, Fresenius Kabi AG, Abbott, Danone S.A., Eli Lilly and Company, Diabetain, Essens Wellness Technologies Private Limited, Medlife, BestSource Nutrition Pvt. Ltd., Inlife Pharma Pvt. Ltd., B Jain Pharmaceuticals Private Limited, PT Kalbe Farma Tbk, Natxtra, Unique Biotech Limited (UBL), Newtrition Plus Health & Wellness Pvt. Ltd., Venus Remedies Limited, Zemaica Healthcare. Companies are focusing on product innovations and expanding to untapped markets through new launches and acquisitions.
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