Latest News- Nutrigenomics Market: Obesity is expected to lead the Application segment during 2024-2028

The Nutrigenomics Market is being driven by Increasing cost of medical treatment

The Nutrigenomics Market is expected to grow at a CAGR of 13.87% during 2023 and 2028. During this period, the market is also expected to show a growth of USD 997.73 million. The nutrigenomics market is witnessing robust growth and innovation, driven by the increasing demand for personalized nutrition and wellness solutions. Advanced genetic testing technologies, such as next-generation sequencing and microarray analysis, enable precise analysis of an individual's genetic makeup and its interaction with dietary factors. Notable developments in the market include Xcode Life's introduction of an extensive gene nutrition test in June 2023, covering diverse nutrient aspects. Additionally, SomaLogic's collaboration with Citogen in the same month expanded the authorized site program across Europe, utilizing SomaLogic's 7,000-plex SomaScan Platform for clinical research, population health studies, and nutrigenomics. These advancements underscore the market's potential to deliver customized nutrigenomics-based goods and services tailored to each consumer's unique genetic profile. 

Get more information on Nutrigenomics Market by requesting a sample report

Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• Application
  • Obesity
  • Cardiovascular diseases
  • Cancer research
  • Diabetes
  • Digestive health
• Product
  • Reagents and kits
  • Services
  • Software
• Technology
  • DNA sequencing
  • Microarray analysis
  • PCR.
• End-User
  • Hospitals
  • Clinics
  • Research institutions
  • Direct-to-consumer
• Geography
  • North America
    • Canada
    • US
  • Europe
    • Germany
    • UK
    • France
  • APAC
    • India
    • Japan
    • South Korea
  • South America
    • Brazil
  • Middle East and Africa

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Increasing cost of medical treatment
• Growing investments by government and private stakeholders in field of nutrigenomics
• Increasing prevalence of obesity

However, the market also witnesses some limitations, which are as follows:

• High cost of tools for interpretation of nutrigenomics datasets
• Low awareness of nutrigenomic technologies in emerging economies
• Lack of skilled professionals in performing nutrigenomic experiments

Benefits of Buying Global Nutrigenomics Market Research Report by Technavio

Rich Experience: 20+ years leading global market research, trusted insights across industries.

Unlock Business Potential with Technavio: Maximize ROI with Technavio's tailored market research: deep dives and actionable insights.

Your Guide to Market Success: Empower your business with Technavio's market research and future-proof your decisions.

Market Scope in Nutrigenomics Market Research Report

Request Free Sample

Find out which segment is leading the market by accessing the free PDF report

Research Analysis Overview

Nutrigenomics, a rapidly growing field, explores the interaction between genes, dietary intake, and health outcomes. It focuses on nutrient absorption, gene expression, and personalized diet plans based on genetic predisposition and variants. Gut microbiota, digital health, consumer genomics, and health informatics play crucial roles. Precision nutrition, biomarker discovery, genomic data interpretation, and clinical decision support are key components. Data security, genetic counseling, informed consent, health literacy, and value-based healthcare ensure ethical and effective application. Precision and personalized healthcare aim to improve health outcomes, life expectancy, and overall wellbeing.

Market Research Overview

In the realm of personalized healthcare, Nutrigenomics, a subfield of nutritional genomics, is a significant market within the larger Life Sciences Tools and Services sector. This market, as categorized by Technavio, encompasses companies and products dedicated to genome sequencing, genetic testing, and nutrigenomics testing. These offerings facilitate the exploration of gene-diet interactions, contributing to the development of customized dietary recommendations. The global Life Sciences Tools and Services market, according to Technavio, comprises manufacturers of equipment, supplies, pharmaceuticals, biotechnology, and associated services. The market size is determined by the consolidated revenue generated from these entities.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/