A recent report published by Infinium Global Research on the diabetes nutrition market provides an in-depth analysis of segments and sub-segments in the global as well as regional diabetes nutrition market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional diabetes nutrition market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast, and dollar values of the global diabetes nutrition market. According to the report, the global diabetes nutrition market is projected to grow at a CAGR of 6.5% over the forecast period of 2021-2027, growing from nearly USD 10.4 billion in 2021 to about USD 16.2 billion in 2027.
Diabetes nutrition products that are scientifically formulated with slow-release energy systems to help manage blood glucose levels and support weight management. These products help in controlling blood glucose levels. These products also help in regulating other diabetes-related health conditions such as neuropathy, nephropathy, and high blood pressure. The diabetes nutrition products help in maintaining optimal lipid levels, resulting in a reduced risk of vascular complications. Several nutritional powders and liquids for diabetes have been available in the Russian market. Moreover, the diabetes nutrition category has seen phenomenal growth over the past 5 years in the Russian market as diabetes in youth is on the rise and there are numerous factors that cater to such a rise in the disease.
The spread of COVID-19 had a fairly positive affect on the diabetes nutrition market. The second quarter of 2020 witnessed a drastic incline in the COVID-19 cases. People with pre-existing chronic diseases such as heart disorders, and diabetes were at high risk during the pandemic. The COVID-19 infection was observed to be fatal to patients with chronic disorders. Thus, people with pre-existing chronic diseases were taken extra care of during the pandemic. Diabetes care products such as insulin, diabetes food, and nutrition registered higher demand, as people went into longer quarantines. Moreover, many governments across the world excluded few essential services from the lockdown restrictions, which were put in place to control the pandemic. These essential services included food supply and medical supply that includes diabetes nutrition. However, the production and supply of diabetes nutrition were affected negatively due to the pandemic. Lower availability of labor and disrupted supply caused inconsistencies in the production and supply of diabetes nutrition during the pandemic.
The increasing population of diabetic patients across the world is majorly driving the growth of the diabetes nutrition market. According to the International Diabetes Federation data, more than 460 million adults in the world were living with diabetes in 2019. These diabetic patients require specialized food and medical nutrition. Moreover, the growing geriatric population is further augmenting the growth of the diabetes nutrition market. Elderly people are more susceptible to diabetes and other related health disorders. Diabetes nutrition helps elderly people in staying healthy while keeping their glucose levels under check. Furthermore, other factors such as growing obesity, increasing awareness regarding diabetes, and a rise in healthcare spending are anticipated to further boost the market. However, a lack of awareness regarding nutritional deficiencies among the diabetic population is mainly hampering the market growth. Nevertheless, the development of innovative diabetes nutritional products is anticipated to offer growth opportunities to the market.
In terms of region, the diabetes nutrition market is segmented into North America, Europe, Asia-Pacific, and the Rest of the World. The North America region accounted for the largest market share in the global diabetes nutrition market. Domination of North America in the global market was mainly attributed to the higher prevalence of diabetes, and other related health conditions such as obesity, and kidney diseases. Moreover, higher expenditure on healthcare and better reimbursement policies are further driving the market in North America. On the other hand, the Asia-Pacific region is anticipated to grow at the fastest rate in the global diabetes nutrition market. The higher market growth in Asia Pacific is majorly attributed to the presence of a large patient pool suffering from diabetes. Furthermore, the improving healthcare infrastructure in the region is anticipated to boost the market growth in the Asia Pacific.
The report on global diabetes nutrition market covers segments such as mode of administration, form, and distribution channel. On the basis of mode of administration, the sub-markets include enteral, and oral. On the basis of form, the sub-markets include powder, and liquid. On the basis of distribution channel, the sub-markets include hospitals, retail pharmacies, and online.
The report provides profiles of the companies in the market such as Nestle SA, Fresenius Kabi AG, B. Braun Melsungen AG, Abbott Laboratories, Inc., Danone SA, Newtrition Plus Health & Wellness Pvt. Ltd., Unilever Plc, Kellogg Company, Zen Health Japan Co. Ltd., and Wellness Pvt. Ltd..
The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of the diabetes nutrition market. Moreover, the study highlights current market trends and provides forecast from 2021-2027. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.