Rising awareness about a healthy lifestyle, in turn, is leading to an increase in demand for dietary beverages, confectioneries, and dairy products that contain low calorie sweeteners. Increasing occurrence of obesity among kids due to their preference for fast food is also one of the prime factors behind the growing demand for low calorie foods globally. With the growing interest for healthy eating habits, diabetic food market in the U.S. is expected to witness significant growth over the forecast period. Moreover, the U.K. and Germany is dominating the market for diabetic food across Europe. In Asia Pacific, China and India are leading the diabetic food market. Increasing health concerns related to diabetes, such as obesity, heart diseases, kidney diseases, eye complications, neurological problems, and dental problems are driving the market for diabetic food globally.
In addition, consumer awareness about health benefits associated with low calorie diabetic food products is also propelling the growth of the diabetic food market in North America. Furthermore, rising consumer concern about following healthy eating habits coupled with changing food preference is also stimulating the demand for diabetic food across Europe and Asia Pacific. Aging population is one of the major factors driving the market for diabetic food globally. Apart from this, rising consciousness about healthy living among the geriatric population is leading to an increase in the demand for diabetic food across various regions such as North America, Europe, Asia Pacific and RoW.
Manufacturers are keen on introducing new low calorie food products with sugar substitutes and less oil, in view of the increasing consumer interest toward healthy eating. Furthermore, food manufacturers are also concentrating on strengthening and widening their distribution channels for ensuring better accessibility of diabetic food products to consumers globally.
Global diabetic food market was valued at USD 7,418.6 million in 2013 and expected to reach USD 11,098.0 million by 2020, growing at a CAGR 5.9% over the forecast period. Rising consciousness about leading a healthy lifestyle is fueling the demand for diabetic foods globally.
North America held the largest market share in global diabetic food market followed by Europe and Asia Pacific in 2013. Rising diabetic population and increasing consumer awareness about the health issues associated with diabetes is stimulating the demand for diabetic food products globally. Furthermore, it has been observed that the increasing disposable income and growing health awareness are fueling the demand for diabetic food products globally.