According to a market report, published by Sheer Analytics and Insights, The global diabetes protein drink market was valued at $5.2 billion in 2021 and it is expected to reach $13.1 billion at a CAGR of 8.9% between 2022 and 2032. Due to the intricate manufacturing process, producing diabetes protein drink supplements requires substantial financial investments. Regulations on product labeling and health claims have been established by the European Food Safety Authority and the U.S. Food & Drug Administration, which presents difficulties for new competitors in the international market. To keep up with the rising demand, established businesses are consistently enhancing their manufacturing capacity. Additionally, because of the higher rates of obesity in these areas, consumers are choosing healthier eating and lifestyle choices, which is anticipated to boost demand for protein supplements over the projected period. Therefore, these major factors have been driving the market over the past few years and are also projected to propel the market growth in the future.
The growing geriatric population around the world is a major factor driving the global market for diabetes protein drink supplements. Another important reason for the rise in demand for diabetic supplements is the rise in the prevalence of chronic diseases worldwide. Chronic disorders like diabetes are more common among the elderly population. Additionally, rising health & fitness awareness among people following the pandemic threat is anticipated to fuel the global market for diabetic supplements in the ensuing years. Diabetes prevention and treatment are in high demand all around the world. These primary factors are estimated to accelerate market growth during the forecast period.
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Furthermore, Due to safety and efficacy concerns, consumers in the diabetes supplement industry are more likely to choose local brands than name-brand items. For instance, the use of probiotics, sugar-free, gluten-free, zero-carb, and other supplements created by local companies like Himalaya, Dabur, and Patanjali Ayurveda Limited, among others, is increasing in India, which is further supporting market growth. Moreover, Prohance D is intended to take the place of a meal on your plate and offer balanced nutrients to help with diabetes management. It can also be consumed as a drink as a nutritious evening snack, breakfast, or sleep snack. Provence D complies with both the European "food for particular medical purpose" standard and the FSSAI's recommendations for "food for specific dietary use."
An essential component of a balanced diet is protein. In addition to being essential for muscle growth and repair, protein can also aid in weight loss or maintenance. For this reason, it's critical to have a diet high in protein-rich foods. However, there are also plant-based protein beverages that incorporate soy, rice, or peas as components. Typically, protein drinks are sold as powders that must be dissolved in water or milk before consumption.
The need for vegan protein in daily diet continues to be driven by the demand for more naturally grown and organic food as opposed to synthetic food. Vegan protein production continues to be a valuable industry due to its use in cosmetic and bodybuilding applications. Additionally, young people—particularly athletes and bodybuilders—drive the global market for protein drinks since they boost immunity, boost strength, aid in muscle growth, fight cancer, and lower cholesterol. In addition, regardless of age, women, kids, and seniors drink protein drinks for both their mental and physical development, which supports the market's expansion for protein drinks.
Some new developments in the global diabetes protein drink market:
- On 31st March, 2022, Launch into the ready-to-drink protein market was announced by MusclePharm. With over 20g of protein per serving, no added sugar, and a variety of flavors, this new high-protein beverage line will be offered under the well-known MusclePharm brand.
- On 30th Adugust, 2022, New RTD protein shakes were introduced by Optimum Nutrition. With the new, adaptable drink option, consumers can fuel their days with anytime, anywhere nutrition to meet their performance goals without slowing down. The drink option is designed to delight in chocolate and vanilla flavors and provides the ON standard of deliciousness. It is also formulated with 24 grams of protein per serving.
- 12th September, 2022, Tata Consumer Products introduces plant protein powder under the new brand "Tata GoFit" in the market for health supplements. Tata GoFit plant protein powder is a plant-based, simple-to-mix product made with the goodness of probiotics that are healthy for your digestive system. It is devoid of soy, lactose, and added sugar and contains ingredients like pea and brown rice. The most recent launch is consistent with TCP's priorities, which are to accelerate innovation, strengthen its wellness portfolio, and increase its total addressable market.
According to the study, key players dominating the global diabetes protein drink market are Abbott Laboratories (U.S), AMCO Proteins (U.S), Arkopharma (France), ADM (U.S), Bionova Life sciences (India), Caelus Health (Canada), Caelus Health (Netherlands), Danone (Spain), Glanbia Plc (Ireland), Glucose Health (U.S), Glanbia Plc (Ireland), NOW Foods (U.S), NaturoGain (South Korea), NutraBolt (U.S), Novo Nordisk (Denmark), Nestle (Switzerland), Olive Healthcare (South Korea), Pfizer (U.S), The Carlyle Group (U.S), Uniliver Plc (U.K), among others.
Browse the full report at https://www.sheeranalyticsandinsights.com/market-report-research/diabetes-protein-drink-market-21
The Global Diabetes Protein Drink Market Has Been Segmented Into:
The Global Diabetes Protein Drink Market – by Source Type:
- Animal Based
- Plant-Based
- Milk Protein
- Casein
- Others
The Global Diabetes Protein Drink Market – by Product Type:
- Protein Powder
- Protein Bars
- Ready to Drink
- Others
The Global Diabetes Protein Drink Market – by Regions:
- North America
- The U.S.
- Canada
- Mexico
- Europe
- U.K.
- France
- Germany
- Italy
- Rest of Europe
- Asia Pacific
- India
- China
- Japan
- Australia
- Rest of Asia Pacific
- LAMEA
- Middle East
- Saudi Arabia
- UAE
- Others
- Latin America
- Brazil
- Chile
- Others
- Africa
- South Africa
- Egypt
- Others
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