Authored By: Sarah
12 Sep 2024

Latest News: Personalized Nutrition Market is expected to grow by a CAGR of 12.55% during 2024-2028; Trends and Forecasts to 2018

The Personalized Nutrition Market is expected to grow at a CAGR of 12.55% to reach USD 8459.3 million by 2028. In the current market landscape, DNA testing is gaining prominence as a trend for determining the most suitable personalized nutrition products. Companies leverage genetic data to provide customized supplement recommendations and dietary plans for their clients, taking into account their unique genetic variations pertaining to nutrient metabolism. With an increasing emphasis on health and wellness, consumers are increasingly seeking personalized approaches to nutrition. DNA-driven personalized nutrition offers a distinctive and data-driven solution to cater to the health requirements of individuals and optimize their nutritional intake. Athletes and fitness enthusiasts, in particular, have shown significant interest in DNA-based personalized nutrition to boost their training, recovery, and overall athletic performance.

North America dominates the regional market because of The Personalized Nutrition Market represents a significant growth opportunity for businesses, driven by increasing consumer awareness and demand for tailored dietary solutions. Leveraging advanced technologies such as genetic testing, wearable devices, and AI algorithms, companies can offer customized meal plans, supplements, and vitamins to optimize individual nutritional needs and health goals. This market trend is expected to continue, as consumers seek more personalized approaches to improve their overall wellness.

There are various factors that drive the Personalized Nutrition Market market which are as following: In the dynamic world of athletics, the necessity for personalized nutrition has gained significant traction. With the escalating number of athletes across diverse disciplines, the demand for customized dietary solutions to optimize performance, facilitate recovery, and bolster overall health and well-being is increasingly prevalent. Personalized nutrition caters to the unique nutritional requirements of athletes, taking into account the specific demands of their sport, training intensity, and individual objectives. This approach enables athletes to fine-tune their nutritional intake, ultimately enhancing their competitive edge and fostering long-term success.

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Personalized Nutrition Market Segmentation

Product Type (Active measurement, Standard measurement) End-user (Direct-to-consumer, Wellness and fitness centers, Hospital and clinics, Institutions) Geography (North America, Europe, APAC, South America, Middle East and Africa)

The market witnesses several challenges, which are as follows In the global nutrition market, developed countries such as Germany and the United States have experienced significant growth in the adoption of personalized nutrition solutions due to heightened consumer awareness and disposable income. Conversely, penetration of personalized nutrition in developing and underdeveloped regions, including Africa and Asia Pacific, remains relatively low. This trend can be attributed to several factors, including affordability, limited awareness, and a perceived non-essential nature of personalized nutrition products. Furthermore, product visibility and availability are constrained in these regions due to inadequate distribution channels and limited internet penetration.

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Some of the key companies that have been profiled in the report include: 

  • Abbott Laboratories
  • Amway Corp.
  • Archer Daniels Midland Co.
  • Atlas Health Europe Ltd.
  • Bactolac Pharmaceutical Inc.
  • Balchem Inc.
  • BASF SE
  • BIRON HEALTH GROUP
  • BlueDot Inc.
  • Fagron NV
  • Koninklijke DSM NV
  • Nestle SA
  • Noho Health Inc.
  • Nourished Official
  • Nutrigenomix Inc.
  • Prenetics Global Ltd.
  • Segterra Inc.
  • Zipongo Inc.

Market Research Overview 

The global packaged foods and meats market encompasses vendors engaged in food processing to ensure food safety and increase product longevity. According to Technavio, the market's size is determined by the consolidated revenue generated by the participating industry players. This market segment excludes manufacturers of food processing equipment and producers of packaged alcoholic and non-alcoholic beverages, including mineral waters. Key growth drivers for the global packaged foods and meats market include the health advantages linked to the consumption of minimally processed foods, such as vegetables, which are rich in essential nutrients like potassium, dietary fiber, folate (folic acid), vitamin A, and vitamin C. - The Personalized Nutrition Market is experiencing significant growth, fueled by the Growing adoption of personalized nutrition products among athletes. Businesses are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Market Research Analysis

The Personalized Nutrition Market is a rapidly growing sector that caters to the unique Dietary Preferences and Nutritional Needs of individuals. With the advent of Precision Medicine and Digital Health Platforms, Preventive Healthcare is no longer a luxury but a necessity. Artificial Intelligence and Data Analytics are being leveraged to provide customized solutions based on an individual's Health Conditions, Immune Boosting Supplements, Food Intolerance, and Genomics Tests. The market for Retail Nutrition Products, including Dietary Supplements and Wearables, is booming as consumers seek to monitor their Health Outcomes and adopt a Healthy Lifestyle. The Geriatric Population and those suffering from Lifestyle Diseases are particularly benefiting from this trend. Data Collection through wearable solutions and nutritional data analysis is enabling the development of Tailormade Dietary Plans. The Supplements Market is also witnessing a shift towards customization, with 3D Printed Edibles and Genetic Testing becoming increasingly popular. Consumer Health Awareness and Health Goals are driving the demand for personalized nutrition. The use of Artificial Intelligence and Data Analytics in the field of Nutrition is expected to revolutionize the way we approach our Dietary Preferences and Nutritional Needs. The future of personalized nutrition lies in the intersection of technology, health, and customization.


Contacts

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/

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