February 24, 2024

Artificial Sweeteners Is Fastest Growing Segment Fueling The Growth Of Diabetes Nutrition Market

Market Overview:

Diabetes nutrition products are specially formulated to help manage blood sugar levels and includes low carb snacks, sugar-free sweets and drinks, meal replacement shakes, supplements to control blood sugar etc. These products help in weight management, blood sugar control and overall health of people with diabetes.

Market key trends:

One of the key trends in the diabetes nutrition market is the rising popularity of artificial sweeteners. Artificial sweeteners are sugar substitutes that provide sweetness but little to no calories. They help reduce sugar and carbohydrate intake which aids in blood sugar management. Some popular artificial sweeteners used in diabetes nutrition products include sucralose, aspartame and stevia. Manufacturers are increasingly using these sweeteners and marketing their products as sugar-free or low calorie options for people with diabetes. For instance, protein bars, cookies and snacks targeted for diabetes patients often mention no added sugar or artificial sweeteners on the packaging.

Segment Analysis
The global diabetes nutrition market is segmented into product, end-user, and distribution channel. Based on product, the market is segmented into dietary supplements, tablets & capsules, powder, and liquid. The dietary supplements segment dominated the market in 2022 owing to increasing adoption of dietary supplements for diabetes management. Supplements such as vitamins, minerals, proteins, and other nutrients play a vital role in controlling high or low blood glucose levels.

Key Takeaways

The Global Diabetes Nutrition Market Size  is expected to reach US$ 8,243.17 Mn by 2030 exhibiting a CAGR of 6.5% over the forecast period, owing to rising prevalence of diabetes.

Regional analysis
North America dominated the global diabetes nutrition market in 2022 and is expected to maintain its dominance over the forecast period. This is attributed to the presence of key players, increasing healthcare expenditure, and rising adoption of nutritional products for diabetes management in the region. Asia Pacific is expected to witness the highest growth during the forecast period owing to improving healthcare infrastructure and rising diabetic population in countries such as China and India.

Key players
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. Nestle dominates the market owing to its strong brand presence and wide range of diabetes nutrition products.

Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it