Research Nester released a report titled “Diabetic Candy Market: Global Demand Analysis & Opportunity Outlook 2029” which delivers detailed overview of the global diabetic candy market in terms of market segmentation by sweetening agent, distribution channel, and region.
Further, for the in-depth analysis, the report encompasses the industry growth indicators, restraints, supply and demand risk, along with detailed discussion on current and future market trends that are associated with the growth of the market.
The diabetic candy market is projected to grow with a moderate CAGR during the forecast period, i.e., 2021-2029 on account of the increasing prevalence of chronic diseases such as diabetes, hypertensions and others. According to the American Diabetes Association, in 2018, 34.2 million Americans, or 10.5% of the population, had diabetes. Out of 34.2 million adults with diabetes, 26.8 million were diagnosed, and 7.3 million were undiagnosed in the U.S.
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The market is segmented based on sweetening agent into natural and synthetic, out of which, the synthetic segment is anticipated to grab the largest share by the end of 2021 on account of increased demand which has driven manufacturers to provide sugar-free alternatives in their product. Moreover, natural sweeteners are widely being adopted as an adjuvant sweetening agent as these are considered healthier and is projected to contribute to the growth of the segment during the forecast period.
On the basis of region, the market is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa, out of which, the diabetic candy market in the Asia Pacific is projected to grow at the highest CAGR throughout the forecast period. Furthermore, in 2021, the market in North America is evaluated to occupy the largest share in terms of revenue, owing to the growing obesity and chronic diseases issues in the region, especially United States.
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Increasing Prevalence of Diabetes and Other Chronic Diseases to Drive the Market Growth
According to the Centers for Disease Control and Prevention, Chronic diseases such as heart disease, cancer, and diabetes are the leading causes of death and disability in the United States.
The increasing prevalence of diabetes and the consumption of the high amount of sugar is related with the incidences of several other diseases that include obesity, and other cardiovascular diseases, these are major factors that are surging the demand for diabetic candy market across the globe. The rapid accelerating trend of healthy eating and an increasing prevalence of diabetes among adults and children has resulted in a growing demand for sugar-free products such as diabetic candy.
This report also provides the existing competitive scenario of some of the key players of the global diabetic candy market which includes company profiling of Dr. John’s Healthy Sweets LLC (U.S), Abdallah Candies Inc. (U.S), Asher’s Chocolate Co. (U.S), Sugarless Confectionery (Australia), Diabetic Candy.com, LLC (U.S). The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global diabetic candy that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
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