Reliable Data You Can Trust
Reliable Data You Can Trust
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 the 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 over 6% over the forecast period of 2022-2028.
The revenue generated by the diabetes
nutrition market was over USD 11 billion in 2022 and is expected to reach about
USD 16 billion in 2028 and is expected to grow with a CAGR of about over 6%
during the forecast period 2022-2028. Diabetes nutrition products 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. 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 effect on the diabetes nutrition market. The second quarter of 2022
witnessed a drastic incline in 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 a 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 American region accounted for the largest market
share in the global diabetes nutrition market. The 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 the Asia Pacific is majorly
attributed to the presence of a large patient pool suffering from diabetes.
Furthermore, improving healthcare infrastructure in the region is
anticipated to boost market growth in the Asia Pacific.
The report on the 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 The
Hershey Company.
The report provides deep insights
into 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 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 diabetes nutrition market. Moreover, the study highlights current
market trends and provides forecast from 2022-2028. 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 insight into the market share of the leading players.
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