LONDON--(BUSINESS WIRE)--Technavio market research analysts forecast the global diabetic food market to grow at a CAGR of close to 6% during the period 2018-2022, according to their latest report.
In this report, Technavio highlights the growing online retailing as one of the key emerging trends in the global diabetic food market. The growing popularity of e-commerce is making it easier for consumers to browse and purchase from a wide range of healthcare products such as diabetic food through online portals. Online retailing is convenient due to the benefits such as product search, flexibility in payment, and increased option for products. It also helps the players to increase their brand and product visibility in order to increase product penetration. Several products such as diabetic supplements, diabetic-friendly chocolates, peanuts, and confectioneries are available over e-commerce websites. This strategy helps players to decrease their logistics cost and cost incurred toward suitable shelf space, which increases the cost of the product through retail outlets.
This report is available at a USD 1,000 discount for a limited time only: View market snapshot before purchasing
Save more with Technavio. Buy 2 reports and get the third for FREE: View all Technavio’s current offers
In this report, Technavio analysts highlight the growing use of artificial sweeteners as a key factor contributing to the growth of the global diabetic food market:
Growing use of artificial sweeteners
The growing health ailments, due to consumption of sugar, is increasing the demand for artificial sweeteners. People are adopting healthy alternatives to sugar such as artificial sweeteners owing to the growing prevalence of lifestyle diseases such as diabetes and heart diseases. The food and beverage industry is increasingly replacing sugar or corn syrup with non-nutritive additive sweeteners such as sucralose and aspartame. Several artificial sweeteners are available in the market for different food types such as nutritive additive sweeteners including aspartame and non-nutritive additive sweeteners including acesulfame K, saccharin, sucralose, and neotame. They are extensively being used in bakery items such as pastries, cookies, dairy products, confectionaries, and beverages.
According to a senior analyst at Technavio for food, “Factors such as high investments in affordable food products along with rising consumer consciousness in developing economies are expected to provide great opportunities to the producers and manufacturers of artificial sweeteners. In regions such as APAC, the use of artificial sweeteners is increasing owing to the shift of consumers preference toward convenience foods.”
Looking for more information on this market? Request a free sample report
Technavio’s sample reports are free of charge and contain multiple sections of the report such as the market size and forecast, drivers, challenges, trends, and more.
Global diabetic food market segmentation
This market research report segments the global diabetic food market into the following products (diabetic beverages and diabetic dairy products) and key regions (the Americas, APAC, and EMEA).
Of the two major products, the diabetic beverages segment held the largest market share in 2017, accounting for nearly 29% of the market. The market share for this product is expected to increase by 2022. The fastest growing product is diabetic dairy products, which will account for nearly 26% of the total market share by 2022.
The Americas was the leading region for the global diabetic food market in 2017, accounting for a market share of nearly 42%. By 2022, APAC is expected to register the highest growth rate.
|
Save big with Technavio this May! |
|
Find out what companies are venturing in to beat the heat this summer! Technavio indulges you with a massive 20% OFF on all non-alcoholic beverages reports for the entire month. |
|
OR |
|
Technavio honors the achievements and efforts of Motherhood this Mother's Day by offering a whopping 30% OFF on all cosmetics and toiletry reports. Offer valid from 7th May for a limited period. |
About Technavio
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.
With over 500 specialized analysts, Technavio’s report library consists of more than 10,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
If you are interested in more information, please contact our media team at media@technavio.com.
