The Europe Diabetic Food Market would witness market growth of 5.9% CAGR during the forecast period (2023-2030).
The diabetic food market refers to the food industry segment that focuses on developing, producing, and marketing food products tailored to meet the dietary needs and preferences of individuals with diabetes. These specialized food items are formulated to assist individuals in managing blood glucose levels while providing essential nutrients and maintaining a palatable and enjoyable eating experience.
The prevalence of diabetes has reached unprecedented levels worldwide, with factors such as sedentary lifestyles, dietary shifts, and genetic predispositions contributing to its escalating impact on public health. In response to this global health challenge, the market has evolved from a niche segment to a pivotal player in the food industry, catering to a broad spectrum of consumers looking for healthier alternatives without compromising flavor and variety.
Likewise, the population in the UK is aging, which translates into a higher demand for its products. As per the Government Office for Science, the mean age surpassed 40 for the first time in mid-2014. By 2040, approximately one-seventh of the population will be 75 or older. By 2037, there are projected to be 1.42 million more households headed by someone aged 85 or over – an increase of 161% over 25 years. The proportion of the working-age population aged between 50 and the state pension age (SPA) will increase from 26% in 2012 to 34% in 2050, an increase of over 5.5 million people. Hence, the growing aging population in the region is propelling the growth of the market.
The Germany market dominated the Europe Diabetic Food Market, by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $1,248.3 Million by 2030. The UK market is exhibiting a CAGR of 4.9% during (2023 - 2030). Additionally, The France market would experience a CAGR of 6.7% during (2023 - 2030).
Free Valuable Insights: The Global Diabetic Food Market will Hit $19.8 Billion by 2030, at a CAGR of 6.1%
Based on Distribution Channel, the market is segmented into Supermarkets & Hypermarkets, Specialty Stores, Online, and Others. Based on Product, the market is segmented into Dairy Products, Bakery Products, Snacks, Confectionery, and Others. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
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