Soaring Cases of Diabetes to Propel Demand for Diabetes
Supplements
WILMINGTON, Del., Aug. 2, 2024 /PRNewswire/ -- As per the latest
report published by Transparency Market Research (TMR),
the global Diabetes Supplements market is estimated to reach
US$ 13.4 Bn by 2031 at a
noticeable CAGR of 4.2% between 2023 and 2031.
Research states that cinnamon, chromium, or berberine is likely
of helping with controlling blood sugar. It further states that
alpha-lipoic acid may also help in reduction of pain linked with
diabetic neuropathy (nerve-related problems).
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The U.S. FDA has issued warning to the consumers regarding
diabetes supplements that claim to be categorized as the ones
providing natural diabetes cure. It mentions that some products are
marketed at an illegal level. As such, it is recommended to not
replace medical treatment for diabetes with health practice or
products that lack legal evidence.
Diabetes is an ailment that occurs when blood glucose (also
called blood sugar) is very high. As per research conducted
regarding a long-term lifestyle and dietary intervention, remission
may be possible for certain individuals suffering from type 2
diabetes. For those contracting prediabetes (those having levels of
blood sugar higher than usual but not higher enough to diagnose
type 2 diabetes), sustained lifestyle and dietary change programs
can aid in reversing pre-diabetes.
Diabetes supplements are minerals like magnesium that help in
controlling blood sugar levels. It has been reported that levels of
magnesium are generally low in those who have problems with
secretion of insulin and those suffering from complications related
to type 2 diabetes.
Various surveys have conveyed that 30-70% of adults suffering
from diabetes in the U.S. make use of alternative medicine,
with 33% using it especially for mitigating diabetes-related
symptoms.
Various randomized controlled trials (RCTs) are necessary in
order to assess efficacy and safety of therapeutic
interventions.
Diabetes Supplements Market Report by TMR highlights the
factors that drive as well as restrain the Diabetes
Supplements market size. The latest trends and
opportunities have also been captured in the report.
Diabetes Supplements Market Report Scope:
Report
Coverage
|
Details
|
Forecast
Period
|
2021-2031
|
Base Year
|
2017-2020
|
Size in 2023
|
US$ 8.4 Bn
|
Forecast (Value) in
2034
|
US$ 13.4 Bn
|
Growth Rate
(CAGR)
|
4.2 %
|
No. of
Pages
|
197
Pages
|
Segments
covered
|
By Type, By Disease
Type, By Dosage Form, By Distribution Channel, By Region
|
Key Takeaways from Diabetes Supplements Market Report
- Rise in Awareness regarding the Curative Measures
Determining Expansion of Diabetes Supplements Market
Size
Increase in incidence of chronic diseases around the world is
the factor basically raising the alarm regarding diabetes and its
after-effects. The geriatric population has been reported to be
more prone to diabetes. At times they have to battle the other
health conditions as well. In such cases, it's really challenging
for the healthcare personnel to make provisions for proper diabetes
supplements that would not cause any visible side-effects to
deteriorate the health further.
There is an increasing demand for prevention and treatment of
diabetes all over. This demand is expected to keep the momentum
going for the industry for diabetic supplements.
- Growing Prevalence of Diabetes Encouraging Growth of
Diabetes Supplements Market
As per the IDF Diabetes Atlas, 537 million adults aged
between 20 and 79 are battling diabetes type 1 worldwide. It
further states that the number is likely to rise to 643 million by
the year 2030 and 783 million by the year 2045. Another fact that
is stated is that diabetes accounted for 6.7 million fatalities in
2021 alone.
Research states that timely intervention regarding diabetes can
help in reducing the number of fatalities, which is prompting the
key participants to increase the frequency of production of
diabetes supplements.
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Diabetes Supplements Market Regional Insights
North America – Leading
from the Front!
North America holds over
30% of the diabetes supplements market share. This is
ascribed to rise in the number of patients suffering from diabetes
in the U.S. coupled with extensive research being conducted with
regards to devising diabetes supplements. As per the Centers for
Disease Control and Prevention (CDC), 29.7 million
individuals of all ages (8.9% of the U.S. of population) were
diagnosed with diabetes in 2021 alone.
Leading Players in Diabetes Supplements Industry
Abbott Laboratories, Aksuvital Natural Products Co., Arkopharma,
Bionova, Caelus Health, CuraLife Global, Glucose Health, Inc., La
Grande P Ltd. (La Nutraceuticals), Lysulin, Inc., Nature's Sunshine
Products, Inc., Nestlé Health Science, Nutricia, and Olive
Healthcare
Key Strategies by Prominent Diabetes Supplements
Manufacturers
The leading players in the diabetes supplements market are
visibly investing in R&D activities to obtain a higher
footfall. For instance, the companies are trying to bank on the
research finding that vitamin D2 may aid in delaying symptoms of
diabetes.
The leading stakeholders are also working toward incorporation
of protein powders for diabetes patients. They are advocating the
consumption of avocados to the diabetic patients.
Market Segmentation
- Dosage Form
- Tablets
- Solution
- Powder
- Others
- Type
- Vitamins
- Minerals
- Proteins
- Antioxidant & Fatty Acids
- Dietary Fibers
- Others
- Distribution Channel
- Hospital Pharmacies
- Retail Pharmacies
- Online Pharmacies
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