personalized nutrition market reflects this trend. This market, estimated at USD 11.4 billion in 2022, is projected to reach a staggering USD 36.8 billion by 2030, according to a recent market analysis. This translates to a significant compound annual growth rate (CAGR) of 15.8% during the forecast period of 2023-2030.
Key Players
The major key players are Amway (US), BASF (Germany), DSM (Netherlands), HerbalifeNutrition Ltd (US), DNAfit (UK), Care/of (US), Nutrigenomix (US), Zipongo (US), Viome (US), Habit (US), Wellness Coaches USA, LLC., Atlas Biomed Group Limited (UK), and Others.
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Unlocking the Power of Individualized Nutrition
Personalized nutrition goes beyond one-size-fits-all diets. It leverages an individual's unique health profile, genetics, and preferences to create customized dietary plans. This press release explores the market encompassing various aspects of personalized nutrition:
KEY SEGMENTS
By Product Type
- Active Measurement
- Standard Measurement
By Form
- Tablets
- Capsules
- Powder
- Liquid
- Other Forms
By Application
- Standard Supplements
- Disease-based
By End User
- Direct-To Consumer
- Wellness & Fitness Centers
- Hospitals & Clinics
DNA Testing & Nutritional Genomics: Understanding an individual's genetic predisposition to certain dietary needs and sensitivities.
Dietary Apps & Online Platforms: Interactive platforms offering personalized meal plans, recipe suggestions, and progress tracking.
Subscription-Based Services: Delivery of pre-portioned meals or ingredients aligned with individual dietary requirements.
Nutritional Consultations with Specialists: Personalized guidance from registered dietitians or nutritionists.
Market Analysis: Drivers and Trends:
The report identifies several key factors propelling the personalized nutrition market forward:
Rising Health Awareness: Consumers are becoming more aware of the link between diet and chronic diseases, fueling the demand for personalized dietary solutions.
Growing Focus on Preventive Healthcare: A shift towards preventive healthcare approaches encourages individuals to take a proactive role in managing their health through personalized nutrition.
Advancements in Technology: Developments in DNA testing, wearable health trackers, and mobile applications facilitate personalized dietary recommendations.
Increasing Disposable Income: Rising disposable income in some regions allows consumers to invest in personalized nutrition services and products.
Impact of Current Events:
The report acknowledges the potential influence of current events:
Russia-Ukraine Conflict: The conflict may cause temporary disruptions in the supply chain for some components of DNA testing kits or subscription box ingredients. However, long-term, the focus on rebuilding healthcare infrastructure could create renewed demand for personalized nutrition services to address potential health issues arising from the conflict.
Economic Slowdown: A global economic slowdown could lead to reduced consumer spending on discretionary services like personalized nutrition consultations. However, the long-term benefits of personalized nutrition in managing chronic diseases and improving overall health may outweigh these concerns.
Regional Analysis: A Global Market with Varied Growth Patterns:
The report analyzes regional trends, highlighting potential growth areas:
North America: This region is expected to hold the dominant market share due to established research infrastructure, a high prevalence of chronic diseases, and a strong focus on personalized healthcare approaches.
Asia Pacific: This region is projected to witness the fastest growth due to a rapidly expanding middle class, rising disposable income, and growing awareness of personalized nutrition concepts.
Europe: This region is expected to maintain a steady growth rate with a strong focus on preventive healthcare and advancements in nutritional science.
Key Takeaways:
This press release emphasizes the key takeaways from the market analysis:
The growing focus on preventive healthcare, advancements in technology, and rising health awareness are driving the personalized nutrition market forward.
Personalized nutrition empowers individuals to take control of their health by tailoring their diet to their unique needs and preferences.
Emerging economies in Asia Pacific present significant opportunities due to growing consumer interest in personalized health solutions.
Looking Ahead:
The personalized nutrition market is on a promising trajectory, driven by the increasing demand for customized dietary solutions. As technology continues to evolve and consumer awareness grows, personalized nutrition is poised to play a significant role in shaping the future of health and wellness.
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