Diabetes nutrition products such as nutritional bars, beverages, dietary supplements help manage diabetes and lower the blood glucose levels. They provide essential nutrients and are fortified with vitamins, minerals, and fiber. The dietary supplements segment dominates as supplements fill nutritional gaps. The increasing prevalence of diabetes globally coupled with the growing awareness about the importance of managing diabetes through nutrition has propelled the demand for diabetes nutrition products.
The Global Diabetes Nutrition Market is estimated to be valued at US$ 6,486.94 million in 2024 and is expected to exhibit a CAGR of 6.5% over the forecast period 2024 to 2031.
Key players operating in the diabetes nutrition market are Actavis, AbbVie Inc., Astellas Pharma Inc., Cara Therapeutics, EPI Health LLC, Galderma Laboratories LP, Ocera Therapeutics Inc., and copyright Inc., Sanofi, Trevi Therapeutics. With the increasing number of diabetic patients worldwide, the demand for diabetes nutrition products is growing substantially. The rising health consciousness and awareness about managing diabetes through a healthy diet have further augmented the market growth. The market players are also expanding their geographical presence by entering emerging markets to tap new opportunities.
Some of the major trends in the Diabetes Nutrition Market Size include personalization. With growing awareness, customers are demanding personalized nutrition solutions tailored to their requirements. This has encouraged manufacturers to offer a wide range of products with customized formulations for different nutritional needs. For example, they provide products for diabetes type I patients, type II patients, pregnant women, and others. The personalized nutrition approach is expected to gain more traction in the coming years.
Key Takeaways
- Key players operating in the diabetes nutrition market are Actavis, AbbVie Inc., Astellas Pharma Inc., Cara Therapeutics, EPI Health LLC, Galderma Laboratories LP, Ocera Therapeutics Inc., and copyright Inc., Sanofi, Trevi Therapeutics.
- With the increasing number of diabetic patients worldwide, the demand for diabetes nutrition products is growing substantially.
- The rising health consciousness and awareness about managing diabetes through a healthy diet have further augmented the market growth.
- The market players are also expanding their geographical presence by entering emerging markets to tap new opportunities.
Market Key Trends
The personalization trend gaining momentum in the diabetes nutrition market. Manufacturers are offering customized formulations tailored to individual needs like diabetes type, gender, age, etc. This is driven by growing awareness about benefits of personalized nutrition plans for managing diabetes.
Porter’s Analysis
Threat of new entrants: The established distribution channels and regulations pose significant barrier for new players. Bargaining power of buyers: Buyers have moderate bargaining power due to availability of substitutes. Bargaining power of suppliers: Suppliers have moderate bargaining power due to availability of alternative suppliers. Threat of new substitutes: Substitutes like insulin analogues pose moderate threat. Competitive rivalry: Intense competition among existing players to gain market share.
North America accounts for the largest share of the diabetes nutrition market, followed by Europe. Wide availability of advanced diabetes management products and growing diabetes prevalence in the US and copyright are major factors responsible for North America's large market share.
Asia Pacific region is poised to witness fastest growth during the forecast period owing to increasing healthcare expenditure, rising disposable incomes, growing awareness about diabetes nutrition products and expansion efforts by key players in emerging Asian countries. Growing diabetes burden in India and China presents huge opportunities for players in this region.
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