Diabetes Supplements Market expected to Reach the Value of US$ 13.4 Bn by the End of 2031

Diabetes Supplements Market Outlook 2031

• The global diabetes supplements market was valued at US$ 8.4 Bn in 2020

• It is estimated to expand at a CAGR of 4.2% from 2021 to 2031

• The global diabetes supplements market is expected to reach the value of US$ 13.4 Bn by the end of 2031

.Increase in Awareness about Health and Fitness to Boost Global Market

The global diabetes supplements market is majorly driven by the rising geriatric population across the globe. The increase in the number of chronic disorders across the globe is also a significant factor responsible for rising demand for diabetes supplements. Geriatric population is more likely to suffer from chronic diseases such as diabetes.

They also have high risks of other health conditions. Thus, it is a real challenge for physicians to provide them proper supplements, which do not cause any side-effects.

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Increasing health & fitness awareness among people after the threatening pandemic is expected to drive the global diabetes supplements market in the upcoming years. There is a growing demand for treatment and prevention of diabetes across the globe. This factor is likely to drive the global diabetes supplements market in the upcoming years.

Lucrative Opportunities for Market Players in Diabetes Supplements Market

Companies in the global diabetes supplements market are expected to join forces with researchers to introduce various products in order to cater to the demand from consumers at the global level.

Growing government expenditure on healthcare, along with rising awareness about chronic diseases is fueling the expansion of the global diabetes supplements market.

Manufacturers are making use of pharmaceutical innovations to develop efficient diabetes supplements. These factors are contributing to the rapid expansion of the market, thereby creating potential benefits for the market players.

Diabetes supplements can include ingredients such as vitamins, minerals, herbs, amino acids, metabolites, etc. These supplements are widely used in order to lower blood glucose and blood pressure, improve cholesterol, and for other complications in diabetic patients.

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Growth of Distribution Channels in Diabetes Supplements Market

The increasing sales of diabetes supplements during the coronavirus pandemic is helping product manufacturers to compete with top market players. Factors such as expanding offline distribution channels including hospital pharmacies and retail pharmacies help manufacturers to showcase their products and leverage revenue opportunities. Rise in the number of people affected with Type 1 and Type 2 diabetic is attributable to the market growth.

Growing health awareness is also contributing to the market growth. Moreover, development of eCommerce industry and rapidly expanding online distribution channels such as online pharmacies are boosting the sales of diabetes supplements across the globe. In addition, manufacturers are increasing the availability of various dosage forms such as tablets, powder, solution, etc.

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Value-grab Opportunities for Market Players in North America

North America offers lucrative growth
opportunities in the diabetes supplements market due to rising geriatric population, advancement in pharmaceutical industry, and increasing number of patients suffering from diabetes. Rising investments in R&D activities in diabetes supplements is driving the growth of the market.

Market contributors from North America are focusing on adopting various strategies to strengthen their market presence.

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Growing number of people suffering from diabetes, increasing healthcare expenditure, rising health awareness among people, and availability of key market contributors are some of the major factors propelling the expansion of the Asia Pacific diabetes supplement market. Market players in the Asia Pacific diabetes supplements market are focusing on various strategies to pave their ways in the global market.

Diabetes Supplements Market: Overview

• Diabetes is a disease that occurs when your blood glucose, also called blood sugar, is too high. Over time, having too much glucose in the blood can cause health problems.

• About 9.4% of the people in the U.S. have diabetes, but about one in four people who have diabetes do not know it

• Diabetes has no cure; however, people with diabetes can take steps to manage their condition and stay healthy. Taking insulin or other diabetes medicines is often part of treating diabetes, along with healthy food choices and physical activity.

• Increase in geriatric population across the globe fuels the growth of the global diabetes supplements market, as elderly people are more prone to chronic diseases such as diabetes

• Elderly people with diabetes have a higher risk of conditions such as cognitive impairment & dementia, frailty, traumatic falls & fractures, urinary incontinence, side effects of polypharmacy, and disability, which presents a real challenge for physicians

• According to data published by the World Health Organization (WHO), the population of elderly people (60+) was 1 billion and the number is expected to increase to 1.4 billion by 2030 and 2.1 billion by 2050

• According to the United Nations Economic and Social Commission for Asia and the Pacific, around 60% of the world's geriatric population lives in Asia Pacific

• Moreover, one third of the U.S. population 65+ years old has diabetes, and it is one of the prominent causes of mortality and morbidity among this population. Hence, demand for diabetes prevention and treatment products is expected to increase, which in turn is likely to drive the global diabetes supplements market.

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Diabetes Supplements Diabetes Supplements Market: Segmentation

• In terms of type, the global diabetes supplements market has been classified into vitamins, minerals, proteins, antioxidant & fatty acids, and others

• Based on disease type, the global diabetes supplements market has been bifurcated into type 1 and type 2

• In terms of dosage form, the global diabetes supplements market has been categorized into tablets, solution, powder, and others

• Based on distribution channel, the global diabetes supplements market has been divided into hospital pharmacies, retail pharmacies, and online pharmacies

• Each of the segments has been analyzed in detail for market trends, recent trends, and developments, drivers, restraints, opportunities, and useful insights. The diabetes supplements market report provides current and expected revenue (US$ Mn) for each of these segments from 2021 to 2031, considering 2020 as the base year.
The compound annual growth rate (percentage CAGR) has been provided for each segment and market from 2021 to 2031 along with market size estimations.

Regional Overview: Diabetes Supplements Market

• In terms of region, the global diabetes supplements market has been segmented into North America, Europe, Latin America, Asia Pacific, and Middle East & Africa

• Recent product launches in the U.S., and increase in awareness about health lifestyle among diabetes patients are factors projected to drive the market in North America

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Diabetes Supplements Market: Major Players

• The diabetes supplements market report
concludes with the company profiles section, which includes key information about major
players in the global diabetes supplements market

• Leading players analyzed in the report include
o Abbott (Abbott Healthcare Pvt. Ltd.)
o Aksuvital Natural Products Co.
o Arkopharma
o Bionova
o Caelus Health
o CuraLife Global
o Glucose Health, Inc.
o Hexagon Nutrition Pvt. Ltd.
o La Grande P Ltd. (La Nutraceuticals)
o Lysulin, Inc.
o Nature's Sunshine Products, Inc.
o Nestlé Health Science
o Nutricia
o Olive Healthcare

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