Diabetes Supplement Market: Current Analysis and Forecast (2021-2027)

$3999$7577

Emphasis on Ingredients (Vitamins, Minerals, Proteins, Antioxidants & Fatty acids, Dietary Fibers, Others); Disease Type (Type 1, Type 2); Forms (Tablets, Solution, Powder, Others); Distribution Channels (Hospitals Pharmacies, Retail Pharmacies, Online Pharmacies); End-Users (Adults, Geriatric, Children); Region/Country

Detailed Analysis of COVID-19 Impact on the Diabetes Supplement Market

Pages:

241

Table:

47

Figure:

134

Report ID:

UMHE21865

Geography:

Clear
  Get a Free Sample
SKU: UMHE21865 Categories: ,
Report Description
Table of content
Research Methodology

Report Description

Diabetes Supplement Market 2
Diabetes Supplement Market 2

REQUEST FREE SAMPLE PDF

Global Diabetes Supplements Market is anticipated to grow with an elevated CAGR of around 4% over the forecast period (2021-2027). Diabetes, also known as diabetes mellitus, is a metabolic disorder that causes hyperglycemia. Hormones known as insulin are responsible to move sugar from the blood to cells, where it is stored and used to fuel the body. In the case of diabetes, the body cannot produce enough insulin or use the produced insulin effectively. The two main types of diabetes are type 1 diabetes and type 2 diabetes. In type 1 diabetes, the immune system attacks and destroys insulin-producing cells in the pancreas, but in people with type 2 diabetes, the body becomes resistant to insulin. Dietary supplements are ingredients designed to improve a person’s diet and contain vitamins, minerals, herbs, amino acids, metabolites, and other substances. These supplements are used to lower blood sugar levels, improve cholesterol, lower blood pressure, and cause neuropathy, insulin resistance, and other complications in diabetics.

 The growing adoption of diabetes supplements can be attributed to the rising prevalence of various cases of diabetes coupled with a rapidly growing geriatric population. According to the United Nations, the 60+ aged population was 962 million in 2017 which is more than twice that it was in 1980 at 382 million. The number of elderly is expected to double again by 2050 and reach nearly 2.1 billion worldwide. For instance, as per CDC, 1.6 million adults aged 20 years or older, or 5.7% of all US adults have been diagnosed with diabetes. Thereby, boosting the diabetes supplements market globally.

Furthermore, the diabetes supplements market is anticipated to grow on account of the growing awareness of nutraceuticals, a large number of ongoing research activities in this field, rising government and public-private investments, and various advantages associated with the diabetes supplements such as controlling blood sugar, prevent diabetes-related complications, and reduce resistance to insulin. However, some of the restraints in the market including stringent regulatory framework and a rise in the cost of ingredient development are impeding the growth of this market all over the world.

Diabetes Supplement Market 3

Diabetes Supplement Market 3Novo Nordisk, Nestle Health Science, Danone Nutricia, NaturoGain, Nature’s Bounty, Glucose Health, Inc, Unilever, Bionova Lifesciences, Caelus Health, and Abbott Laboratories are some of the prominent players operating in the diabetes supplements market. Several M&As along with partnerships have been undertaken by these players to facilitate customers with diabetes supplements.

REQUEST FOR CUSTOMIZATION

Insights Presented in the Report

“Amongst Ingredient, vitamins segment holds the major share”

Based on ingredients type, the diabetes supplements equipment market is segmented into vitamins, minerals, proteins, antioxidants and fatty acids, dietary fibers, and others. The vitamins segment accounted for a significant market share in 2020 and it is estimated that it will grow rapidly during the projected timeframe as it is used as a key ingredient in diabetes supplements for its ability to enhance cellular uptake of glucose from the blood. Vitamin supplements are gaining popularity among patients with prediabetes and diabetes and are consumed in the form of multivitamin tablets, powders, and liquids. However, the fiber segment is expected to grow at a significant rate as it helps to lower cholesterol levels, lose weight, and control blood sugar.

“Amongst Disease Type, Type 2 segment holds the major share”

Based on disease type, the diabetes supplement market is bifurcated into type 1 and type 2. The type 2 segment accounted for a significant market share in 2020 and it is estimated that it will grow rapidly during the projected timeframe. Diabetes is a chronic disease that occurs either when the pancreas does not produce enough insulin or when the body cannot effectively use the insulin it produces. There is an increase in diabetes patients all over the globe. The two main types of diabetes are type 1 diabetes and type 2 diabetes. In type 1 diabetes, the immune system attacks and destroys insulin-producing cells in the pancreas, but in people with type 2 diabetes, the body becomes resistant to insulin Nowadays there are type 2 diabetes is growing in every age. More than 37 million Americans have diabetes (about 1 in 10), and approximately 90-95% of them have type 2 diabetes.

“Amongst Forms, tablets segment holds the major share”

Based on forms, the market is fragmented into tablets, solutions, powder, and others. In 2020, the tablet segment grabbed a considerable market share, and it is expected to grow at a significant CAGR during the forecast period owing to the easy dosage, cost efficiency, higher shelf life compared to others, and higher conveniences. However, solution supplements are liposome products that are evenly dispersed in water and allow for smooth consumption. The liquid form facilitates the formation of blends. Thus, the solution segment is expected to grow in the upcoming years.

“Amongst Distribution Channel, hospital pharmacies segment holds the major share”

Based on distribution channels, the market is fragmented into hospital pharmacies, retail pharmacies, and online pharmacies. In 2020, the retail pharmacies segment grabbed a considerable market share, and it is expected to grow at a significant CAGR during the forecast period owing to the availability of retail pharmacies in every small area or city. However, the online segment is also significantly growing due to internet users, ease of access to several brands, 24/7 availability of products, the convenience of shopping, and a wide range of products offered.

“Amongst End-Users, geriatric segment holds the major share”

Based on end-users, the market is fragmented into adults, geriatric, and children. In 2020, the geriatric segment grabbed a considerable market share, and it is expected to grow at a significant CAGR during the forecast period owing to the surge of the geriatric population and the growth of the diabetes cases as they are prone to these diseases. For instance, as per NCBI, About 40% (39.5%) of the adult diabetic population is age ≥65 years. Approximately 20% (21.4%) of adults aged≥65 years have a known diagnosis of diabetes.

“North America represents one of the largest markets of diabetes supplements market”

For a better understanding of the market dynamics of the diabetes supplements market, a detailed analysis was conducted for different regions across the globe including North America (U.S, Canada, and the Rest of North America), Europe (Germany, France, Spain, United Kingdom, Italy, and Rest of Europe), Asia-Pacific (China, India, Australia, Japan, and Rest of APAC), Rest of World has been conducted. North America constitutes a major market for the diabetes supplements market industry and generated revenue in 2020 owing to strong healthcare infrastructure and growing adoption of diabetes supplements in the region.

SPEAK TO ANALYST

Reasons to buy this report:

  • The study includes market sizing and forecasting analysis validated by authenticated key industry experts
  • The report presents a quick review of overall industry performance at one glance
  • The report covers an in-depth analysis of prominent industry peers with a primary focus on key business financials, product portfolio, expansion strategies, and recent developments
  • Detailed examination of drivers, restraints, key trends, and opportunities prevailing in the industry
  • The study comprehensively covers the market across different segments
  • Deep dive regional level analysis of the industry

Customization Options:

The global diabetes supplements market can further be customized as per the requirement or any other market segment. Besides this, UMI understands that you may have your own business needs, hence feel free to connect with us to get a report that completely suits your requirements.

You can also purchase parts of this report. Do you want to check out a section wise price list?

1.1.Market Definitions
1.2.Limitation
1.3.Stake Holders
1.4.Currency used in Report

 

2.1.Research Process of the Diabetes Supplement Market
2.2.Research Methodology of the Diabetes Supplement Market
2.3.Forecasting Method
2.4.Respondent Profile
2.5.Main Objective of the Diabetes Supplement Market Study

 

3MARKET SYNOPSIS

 

4EXECUTIVE SUMMARY

 

5GLOBAL DIABETES SUPPLEMENT MARKET COVID-19 IMPACT

 

6GLOBAL DIABETES SUPPLEMENT MARKET REVENUE, 2019-2027F

 

7.1.Vitamins 
7.2.Minerals  
7.3.Proteins  
7.4.Antioxidants and Fatty acids
7.5.Dietary Fibers
7.6.Others  

 

8.1.Type 1 
8.2.Type 2 

 

9.1.Tablets 
9.2.Solutions 
9.3.Powder  
9.4.Others 

 

10.1.Hospitals Pharmacies
10.2.Retail Pharmacies
10.3.Online Pharmacies

 

11.1.Adults 
11.2.Geriatric 
11.3.Children 

 

12.1.North America Diabetes Supplement Market 
 12.1.1.United States
 12.1.2.Canada 
 12.1.3.Rest of North America
12.2.Europe Diabetes Supplement Market 
 12.2.1.Germany 
 12.2.2.France 
 12.2.3.United Kingdom
 12.2.4.Italy 
 12.2.5.Spain 
 12.2.6.Rest of Europe
12.3.Asia Pacific Diabetes Supplement Market
 12.3.1.China 
 12.3.2.Japan 
 12.3.3.India 
 12.3.4.Australia 
 12.3.5.Rest of Asia Pacific
12.4.Rest of World Diabetes Supplement Market 

 

13.1.Market Drivers
13.2.Market Challenges
13.3.Impact Analysis

 

14DIABETES SUPPLEMENT MARKET OPPORTUNITIES

 

15DIABETES SUPPLEMENT MARKET TRENDS

 

16LEGAL & REGULATORY FRAMEWORK

 

17.1.Demand Side Analysis
17.2.Supply Side Analysis

 

18VALUE CHAIN ANALYSIS

 

19.1.Porter’s Five Forces Analysis

 

20.1.Novo Nordisk
20.2.Nestlé Health Science
20.3.Danone Nutricia
20.4.NaturoGain
20.5.Nature’s Bounty
20.6.Glucose Health, Inc
20.7.Unilever plc
20.8.Bionova Lifesciences
20.9.Caelus Health
20.10.Abbott Laboratories
21DISCLAIMER

Research Methodology

Research Methodology for the Global Diabetes Supplements Market Analysis (2021-2027)

Analyzing the historical market, estimation of the current market, and forecasting the future market of the global diabetes supplements market were the three major steps undertaken to create and analyze the adoption of diabetes supplements in major regions globally. Exhaustive secondary research was conducted to collect the historical market numbers and estimate the current market size. Secondly, to validate these insights, numerous findings and assumptions were taken into consideration. Moreover, exhaustive primary interviews were also conducted, with industry experts across the value chain of the global diabetes supplements market. Post assumption and validation of market numbers through primary interviews, we employed a top-down/bottom-up approach to forecasting the complete market size. Thereafter, market breakdown and data triangulation methods were adopted to estimate and analyze the market size of segments and sub-segments the industry pertains to. Detailed methodology is explained below:

Seek More Details About Research Methodology

Analysis of Historical Market Size

Step 1: In-Depth Study of Secondary Sources:

Detail secondary study was conducted to obtain the historical market size of the diabetes supplements through company internal sources such as annual report & financial statements, performance presentations, press releases, etc., and external sources including journals, news & articles, government publications, competitor publications, sector reports, third-party database, and other credible publications.

Step 2: Market Segmentation:

After obtaining the historical market size of the diabetes supplements market, we conducted a detailed secondary analysis to gather historical market insights and share for different segments & sub-segments for major regions. Major segments included in the report as ingredients, disease type, forms, distribution channel, and end-users. Further country-level analyses were conducted to evaluate the overall adoption of diabetes supplements across the globe.

Step 3: Factor Analysis:

After acquiring the historical market size of different segments and sub-segments, we conducted a detailed factor analysis to estimate the current market size of the diabetes supplement. Further, we conducted factor analysis using dependent and independent variables such as growing awareness of nutraceuticals and the increasing prevalence of diabetes. A thorough analysis was conducted for demand and supply-side scenarios considering top partnerships, merger and acquisition, business expansion, and product launches in the diabetes supplement sector across the globe.

Current Market Size Estimate & Forecast

Current Market Sizing: Based on actionable insights from the above 3 steps, we arrived at the current market size, key players in the diabetes supplement market, and market shares of the segments. All the required percentage shares split, and market breakdowns were determined using the above-mentioned secondary approach and were verified through primary interviews.

Estimation & Forecasting: For market estimation and forecast, weights were assigned to different factors including drivers & trends, restraints, and opportunities available for the stakeholders. After analyzing these factors, relevant forecasting techniques i.e., top-down/bottom-up approach was applied to arrive at the market forecast about 2027 for different segments and subsegments across the major markets globally. The research methodology adopted to estimate the market size encompasses:

  • The industry’s market size, in terms of value (US$) and the adoption rate of diabetes supplements across the major markets domestically
  • All percentage shares, splits, and breakdowns of market segments and sub-segments
  • Key players in the diabetes supplement market in terms of products offered. Also, the growth strategies adopted by these players to compete in the fast-growing market

Market Size and Share Validation

Primary Research: In-depth interviews were conducted with the Key Opinion Leaders (KOLs) including Top Level Executives (CXO/VPs, Sales Head, Marketing Head, Operational Head, and Regional Head, Country Head, etc.) across major regions. Primary research findings were then summarized, and statistical analysis was performed to prove the stated hypothesis. Inputs from primary research were consolidated with secondary findings, hence turning information into actionable insights.

Split of Primary Participants in Different Regions

Diabetes Supplement Market 1
Diabetes Supplement Market 1

Seek More Details About Research Methodology

Market Engineering

Data triangulation technique was employed to complete the overall market estimation and to arrive at precise statistical numbers of each segment and sub-segment of the diabetes supplement market. Data was split into several segments & sub-segments post studying various parameters and trends in the areas of ingredients, disease type, forms, distribution channel, and end-users in the diabetes supplement market.

The main objective of the Diabetes Supplements Market Study

The current & future market trends of diabetes supplements were pinpointed in the study. Investors can gain strategic insights to base their discretion for investments from the qualitative and quantitative analysis performed in the study. Current and future market trends were determined the overall attractiveness of the market at a regional level, providing a platform for the industrial participant to exploit the untapped market to benefit as a first-mover advantage. Other quantitative goals of the studies include:

    • Analyze the current and forecast market size of diabetes supplements in terms of value (US$). Also, analyze the current and forecast market size of different segments and sub-segments
    • Segments in the study include areas such as ingredients, disease type, forms, distribution channel, and end-users
    • Define and analysis of the regulatory framework for the diabetes supplements industry
    • Analyze the value chain involved with the presence of various intermediaries, along with analyzing customer and competitor behaviors of the industry
    • Analyze the current and forecast market size of the diabetes supplements market for the major region
    • Major regions studied in the report include North America, Europe, Asia-Pacific and Rest of the world
    • Company profiles of the diabetes supplements market and the growth strategies adopted by the market players to sustain in the fast-growing market
    • Deep dive regional level analysis of the industry

Seek More Details About Research Methodology

You can also purchase parts of this report. Do you want to check out a section wise price list?