Diabetes Supplements Market (Type: Vitamins, Minerals, Proteins, Antioxidant & Fatty Acids, Dietary Fibers, and Others; Disease Type: Type 1 and Type 2; Dosage Form: Tablets, Solution, Powder, and Others; and Distribution Channel: Hospital Pharmacies, Retail Pharmacies, and Online Pharmacies) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2022-2030

The global Diabetes Supplements market gathered revenue around USD 10.9 billion in 2021 and market is set to grow USD 15.1 billion by the end of 2030 and is estimated to expand at a modest CAGR of 6.2% during the prediction period 2022 to 2030.

Growth Factors:

Diabetes, also known diabetes mellitus, is a metabolic disease resulting in high blood sugar. The hormone known as insulin is responsible for the movement of sugar from the blood into the cells, which is stored and used for providing energy to the body.

In case of diabetes, the body is either unable to produce enough insulin or cannot effectively utilize insulin produced. The two primary types of diabetes are type 1 diabetes and type 2 diabetes. In case of type 1 diabetes, the immune system attacks and destroys insulin producing cells in the pancreas, while in type 2 diabetes patients the body becomes resistant to insulin.

Dietary supplements are ingredients intended to enhance the diet of a person and contain vitamins, minerals, herbs, amino acids, metabolites, and other substances. These supplements are used to lower blood glucose, improve cholesterol, lower blood pressure, neuropathy, insulin resistance, and other complications in diabetic patients.

Report Scope of the Diabetes Supplements 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.

Increase in Burden of Diabetes Globally

The prevalence of diabetes is rising across the globe. Diabetes is associated with lower quality of life and shorter life expectancy (eight years). Increase in sedentary lifestyle, aging, smoking, and excessive cholesterol levels is expected to boost the prevalence of diabetes, thereby propelling the demand for diabetes supplements.

According to a research conducted by the World Health Organization (WHO), in 2019, diabetes was the 9th major cause of death, with a projected 1.5 million deaths caused by diabetes. Diabetes is projected to be associated with around 11.3% deaths globally from all causes in people aged between 20 and 79 years. Owing to the above mentioned factors, the number of diabetes treatments has increased across the globe.

According to data published by Novo Nordisk, a Denmark-based multinational pharmaceutical company, around 183 million diabetic patients were treated in 2018, and is expected to increased steadily by 2025.

Vitamins to Lead Diabetes Supplements Market

In terms of type, the global diabetes supplements market has been classified into vitamins, minerals, proteins, antioxidant & fatty acids, dietary fibers, and others. The vitamins segment is anticipated to dominate the global market during the forecast period due to the launch of scientifically formulated vitamin supplements by prominent players and increase in awareness about vitamin-based diabetes supplements among patients.

Type 2 Segment to Dominate Global Diabetes Supplements Market

Based on disease type, the global diabetes supplements market has been divided into type 1 and type 2. Type 2 diabetes is the most consulted form of diabetes. According to various studies, prevalence of type 2 diabetes varies from 90% to 95% across the globe. Surge in geriatric population is expected to increase the incidence of type 2 diabetes across the globe, which is likely to drive the type 2 diabetes segment from 2022 to 2030.

Preference for Tablet Form of Supplements

In terms of dosage form, the global diabetes supplements market has been categorized into tablets, solution, powder, and others. Diabetic tablets can work to control diabetes. All the ingredients used are safe and completely natural. The herbal properties help improve insulin sensitivity and stimulate insulin release in diabetic patients.

Retail Pharmacies to be Key Distribution Channel

Based on distribution channel, the global diabetes supplements market has been divided into hospital pharmacies, retail pharmacies, and online pharmacies. Wide availability of diabetes supplements and expansion of retail pharmacies base are anticipated to propel the retail pharmacies segment over the next few years. According to various independent surveys, retail pharmacies are primary consultation centers in several low- and middle-income countries in Asia Pacific and Latin America. Moreover, several international, corporate, and retail pharmacies are expanding their base in these region; for instance, Watson in the Philippines and Boots in South Korea and China.

North America to Lead Diabetes Supplements Market

The global diabetes supplements market has been segmented into North America, Europe, Latin America, Asia Pacific, and Middle East & Africa. Increase in geriatric population and high prevalence of chronic diseases in the region are projected to drive the diabetes supplements market in North America during the forecast period. Moreover, rise in healthcare expenditure by public and private sectors is expected to fuel the growth of the market in the region.

 Some of the prominent players in the Diabetes Supplements Market include:

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

Segments Covered in the Report

This research report offers market revenue, sales volume, production assessment and prognoses by classifying it on the basis of various aspects. Further, this research study investigates market size, production, consumption and its development trends at global, regional, and country level for the period of 2017 to 2030 and covers subsequent region in its scope:

• By Disease Type
• Type 1
• Type 2
• By Dosage Form
• Tablets
• Solution
• Powder
• Others
• By Distribution Channel
• Hospital Pharmacies
• Retail Pharmacies
• Online Pharmacies
• By Type
• Vitamins
• Minerals
• Proteins
• Antioxidant & Fatty Acids
• Dietary Fibers
• Others

By Geography

North America

• U.S.
• Canada

Europe

• Germany
• France
• United Kingdom
• Rest of Europe

Asia Pacific

• China
• Japan
• India
• Southeast Asia
• Rest of Asia Pacific

Latin America

• Brazil
• Rest of Latin America

Middle East & Africa (MEA)

• GCC
• North Africa
• South Africa
• Rest of Middle East & Africa

Key Points Covered in Diabetes Supplements Market Study:

• Growth of Diabetes Supplements in 2022
• Market Estimates and Forecasts (2017-2030)
•  Brand Share and Market Share Analysis
•  Key Drivers and Restraints Shaping Market Growth
•  Segment-wise, Country-wise, and Region-wise Analysis
•  Competition Mapping and Benchmarking
•  Recommendation on Key Winning Strategies
•  COVID-19 Impact on Demand for Diabetes Supplements and How to Navigate
•  Key Product Innovations and Regulatory Climate
•  Diabetes Supplements Consumption Analysis
•  Diabetes Supplements Production Analysis
•  Diabetes Supplements and Management