The Latin America, Middle East and Africa Diabetic Food Market would witness market growth of 8.1% CAGR during the forecast period (2023-2030).
The key to the essence of the diabetic food market is its commitment to providing solutions beyond mere sustenance. Manufacturers in this space are adopting cutting-edge nutritional science, leveraging innovative ingredients, and formulating products that manage blood glucose levels effectively and contribute to overall well-being. From snacks and beverages to ready-to-eat meals and baked goods, the market offers a diverse range of options that resonate with the diverse dietary preferences of consumers managing diabetes.
The convergence of technological advancements, nutritional research, and consumer preferences has paved the way for incorporating innovative ingredients, including sugar alternatives, natural sweeteners, and functional additives, all designed to enhance the health profile of diabetic-friendly products. Moreover, the market has witnessed a notable shift toward including natural and organic ingredients, meeting the rising demand for clean-label products, and providing consumers with transparent choices that align with their wellness goals.
As the obesity rates rise in Saudi Arabia, a larger segment of the population becomes at risk of developing diabetes. This increased risk drives awareness and the demand for diabetic-friendly food among individuals looking to manage or prevent diabetes in Saudi Arabia. According to the General Authority for Statistics, the results of the National Health Survey showed that the prevalence of obesity among adults (15 years and above) was about 24%. The prevalence of obesity among children (less than 15 years old) reached 7.3%. Hence, the rising prevalence of obesity and diabetes in the region are propelling the market's growth.
The Brazil market dominated the LAMEA Diabetic Food Market, by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $376.5 Million by 2030. The Argentina market would showcase a CAGR of 8.6% during (2023 - 2030). Additionally, The UAE market is registering a CAGR of 7.7% during (2023 - 2030).
Free Valuable Insights: The Worldwide Diabetic Food Market is Projected to reach USD 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 Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
By Distribution Channel
By Product
By Country
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