Global Diabetic Dietary Supplements Market Size to witness a CAGR of 4.2% by 2028

By Ashwin Naphade  | Date: November 01, 2022

Global Diabetic Dietary Supplements Market Size to witness a CAGR of 4.2% by 2028

The report on ‘Global Diabetic Dietary Supplements Market’ available with MarketStudyReport, states that global diabetic dietary supplements market is anticipated to register a 4.2% CAGR from 2022 to 2028.

Global diabetic dietary supplements market expansion is attributed to the rising incidence of diabetes and the increasing proportion of elderly population.

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Additionally, soaring consumer awareness about supplements tends to boost demand, which in turn is likely to fuel the progress of the industry.

As a result of a lack of physical exercise, childhood and teenage obesity and diabetes are becoming more common. This is driving demand for improved therapeutic options and, in turn, propelling the development of the business sphere.

Besides, the presence of a wide product portfolio that meets the needs of a diverse customer base, as well as expanding research and development (R&D) activities to create novel diabetic food supplements, are other factors driving market expansion.

Worldwide diabetic dietary supplement marketplace has been analyzed on the basis of type, dosage form, diabetes and type, distribution channel. Based on type, the market is segregated into minerals, vitamins, protein, and others (dietary fibers, etc.).

On the basis of diabetes type, this marketplace is divided into Type 1 Diabetes and Type 2 Diabetes. In terms of the dosage form, the market is bifurcated into powder, tablets, and others (solutions etc.). Additionally, the tablets dosage form is expected to witness significant growth rate over the forecast period.

Based on distribution channels, the market is split into offline and online channels. Further, the offline channel segment is divided into retail pharmacies and hospital pharmacies.

Geographically this industry vertical spans across Latin America, North America, Europe, Asia Pacific, and Middle East & Africa. Among these, Asia Pacific is expected to dominate the market over the analysis period, due to rising consumer awareness of supplements.

The major companies driving the revenues in global diabetic dietary supplement industry are Aksuvital Natural Products Co., Abbott Laboratories Inc., BioNova Pharmaceuticals Ltd., Arkopharma, Caelus Health, Danone S.A., CuraLife Global, Dr. Reddy's Laboratories Ltd., Hexagon Nutrition Pvt. Ltd., Glucose Health Inc., La Grande P Ltd. (La Nutraceuticals), Nature's Sunshine Products Inc., Lysulin Inc., Nestle Health Science, and Nutricia.

Questions & Answers: Global diabetic dietary supplement market

Question 1: What are the major factors driving global diabetic dietary supplement market growth?

Answer: Global diabetic dietary supplements market expansion is driven by the rising incidence of diabetes, soaring consumer awareness of supplements, growing therapeutic options, and increasing elderly population.

Question 2: How will Asia Pacific market influence the global diabetic dietary supplement market growth?

Answer: Rising consumer awareness about supplements is impelling the demand for diabetic dietary supplements in Asia Pacific, thus making it an influential region for overall market growth.

Question 3: Which are the major companies in global diabetic dietary supplement market?

Answer: The major companies in global diabetic dietary supplement market are Aksuvital Natural Products Co., Abbott Laboratories Inc., BioNova Pharmaceuticals Ltd., Arkopharma, Caelus Health, Danone SA, CuraLife Global, Dr. Reddy's Laboratories Ltd., Hexagon Nutrition Pvt. Ltd., Glucose Health Inc., La Grande P Ltd. (La Nutraceuticals), Nature's Sunshine Products Inc., Lysulin Inc., Nestle Health Science, and Nutricia.

For more details on this report:

https://www.marketstudyreport.com/reports/global-diabetic-dietary-supplements-market-analysis-and-forecast-2019-2028/   

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About Author

Ashwin Naphade     ibmag.com

Ashwin Naphade

Ashwin is into digital marketing since the last 2 years and has worked on multiple projects across various industries. He likes posting information and knowledge on multiple topics with an objective to create online visibility as well as share his inputs. His interest...

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