Demand for diabetic food is anticipated to amplify at nearly 6% CAGR through 2020, according to a new research report by Future Market Insights (FMI). Rising awareness on the importance of health and well-being, combined with availability of wide range of diabetic food in the market is expected to boost demand in the future.
Key diabetic food available in the market include dietary beverages, dairy products baked goods, ice cream and jellies, and confectionaries. Dietary beverages and dairy products are the highest selling products in the diabetic food market. These two categories collectively accounted for nearly 54% revenues of the market in 2013.
North America (US and Canada) is the largest market for diabetic food globally. The region represented 37.5% revenues of the global market in 2013. The diabetic food market is also well-established in Europe, where non-diabetic population is also ramping up demand owing to the perceived health benefits associated with diabetic food products.
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Asia Pacific is expected to become a high value market for diabetic food products by 2020, owing to rising awareness and increasing disposable income. Currently, adoption of diabetic food products in Asia Pacific is limited to urban areas; however, as key players in the diabetic food market expand to leverage the opportunities in untapped regions, Tier II and suburban areas in emerging countries of Asia Pacific are expected to witness high demand.
The key players that offer diabetic food products include, Cadbury Plc., Fifty 50 Foods Inc., The Coca-Cola Company, Kellogg Co., Unilever Plc., PepsiCo Inc., Nestle S.A., Mars Incorporated, and David Chapman’s Ice Cream Limited.
For more insights on the global diabetic food market, read the excerpts of the report, “Diabetic Food Market: Global Industry Analysis and Opportunity Assessment 2014-2020.”