The Personalized Nutrition Market was valued at USD 9.06 billion in 2021 and is expected to reach USD 20.14 billion by 2029, registering a CAGR of 10.50% during the forecast period of 2022-2029.
The industry’s potential is looked at from a variety of perspectives in this market assessment research, both in the here and now and in the years to come. Major corporations are undertaking activities in the ABC industry, including improvements, product launches, acquisitions, mergers, joint ventures, and competitive studies.
A reputable and trustworthy source of information, the outstanding Personalized Nutrition Industry research report offers a thorough analysis of industry trends, novel products, situations, and opportunities that support company success. Company profiles and contact details for the key market players are also included in the industry study’s section on primary manufacturers.
The market analysis research assists the clients in addressing all strategic issues, including product definition, market opportunities, application modelling, and the discovery of new foreign markets.
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Personalized Nutrition Market Dynamics
Drivers
Inclination Towards Healthy Lifestyle
The increase in the consumer preference for dietary improvements acts as one of the major factors driving the growth of personalized nutrition market. The rise in trend of leading a healthy lifestyle among all age groups shifting to healthy and innovative approach have a positive impact on the industry.
Prevalence of Obesity
The increase in the prevalence of obesity among population further influences the market. People reaching out to dieticians and nutritionists providing customized diet plans with the aim of losing weight helps in the market growth.
Awareness Regarding Healthy Lifestyle
The rise in the awareness regarding the importance of leading a healthy lifestyle, accelerate the market growth. The prevalence of various chronic diseases, such as diabetes, and cardiovascular diseases, among others is encouraging people to adopt personalized nutrition market.
Additionally, change in lifestyle, increase in the disposable income and rise in awareness regarding the benefits of the nutrition plan positively affect the sparkling water market.
Opportunities
Furthermore, innovations and advancements in technologies extend profitable opportunities to the market players in the forecast period of 2022 to 2029. Also, collaborations and strategic partnerships will further expand the market.
Restraints/Challenges Global Personalized Nutrition Market
On the other hand, high cost associated with the dietary supplements and nutrition plans, and complications involved with the approach are expected to obstruct market growth. Also, presence of regulations in the personalized nutrition sector is projected to challenge the personalized nutrition market in the forecast period of 2022-2029.
COVID-19 Impact on Personalized Nutrition Market
COVID-19 had a negative impact on several industries. However, personalized nutrition market witnessed a significant growth during this period. During the lockdown imposed by the government for restricting the spread of the coronavirus disease, most of the population took keen interest in adopting health diets. People are adopting health supplements to increase their immunity with the increasing health complications. The rise in the emphasis on good health is going to keep increasing the growth of the market in the post pandemic scenario.
Global Personalized Nutrition Market Scope and Market Size
Product Type
- Functional Beverage
- Digitalized Dna-Based Diet
- Sports Nutragenomics
- Others
Providers
- Wellness and Fitness Centers
- Medical Profession and Dietician
- Diagnostic Companies and Laboratories
Dosage Forms
- Tablets
- Capsule
- Powders
- Others
End-User
- Hospitals
- Clinics
- Home Care
- Others
Application
- Standard Supplements
- Disease-Based
- Others
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Personalized Nutrition Market Regional Analysis/Insights
North America dominates the personalized nutrition market because of the rise in awareness among consumers about their health within the region.
Asia-Pacific (APAC) is expected to witness significant growth during the forecast period of 2022 to 2029 because of the increase in the number of obesity rates in the region.
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