Personalized Nutrition Market Size to Reach Revenues of USD 16.70 Billion by 2026 - Arizton

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Jun 14, 2021, 09:00 ET

CHICAGO, June 14, 2021 /PRNewswire/ -- In-depth analysis and data-driven insights on the impact of COVID-19 included in this global personalized nutrition market report.

The personalized nutrition market is expected to grow at a CAGR of over 16.53% during the period 2020−2026.

Key Highlights Offered in the Report:

North America dominates the personalized nutrition market and accounts for 43.88% of the global share and is expected to grow at a CAGR of 15.44% during the forecast period.
Europe is the second-largest market for personalized nutrition, with a market share of 26.89% and is expected to generate an incremental revenue of USD 2.17 billion.
The functional food industry comprises food, beverage, and supplement sectors and has experienced fast growth in recent years. It is estimated that the global food and beverages market is expected to grow at a CAGR of 17.01% during the forecast period.
The sports nutrigenomics market is expected to generate additional revenue of USD 1.98 billion in the forecast period with a growing CAGR of 19.99%
Due the COVID-19 outbreak, businesses have started to understand more about the requirements and needs of consumers. Hence the COVID-19 will continue to act as a significant driver for the personalized nutrition market in the long run.

Key Offerings:

Market Size & Forecast by Revenue | 2020−2026
Market Dynamics – Leading trends, growth drivers, restraints, and investment opportunities
Market Segmentation – A detailed analysis by product, form, application, end-user, and geography
Competitive Landscape – 5 key vendors and 24 other vendors

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Personalized Nutrition Market – Segmentation

Dietary supplements and nutraceuticals products have high potential in the Asia Pacific region. This segment accounts for over 52% of the APAC market share due to the increasing health awareness and personalized health diet plans. The usage frequency of nutraceuticals in developed countries is nearly 50% to 70% and is majorly used by females.
The discovery of compounds such as vitamins, minerals, micronutrients, and other pigments has led to the advent of dietary supplements. It is growing at a CAGR of around 14% in the market. The aqueous coating solution is used to coat the tablets as it makes the tablet safe, protective, and easy to swallow, and the usage of this solution is booming in the supplements segment.
Consuming a nutritious diet is essential to maintain a healthy weight and attain the necessary nutrients for healthy body function. People are shifting toward personalized health advice as an individual can get dietary advice tailored explicitly according to the genotype to prevent and treat chronic diseases.

Personalized Nutrition Market by Product

Dietary Supplements & Nutraceuticals
Functional Foods & Beverages
Sports Nutrigenomics
Digitized DNA

Personalized Nutrition Market by Form

Tablets
Capsules
Powders
Liquids
Others

Personalized Nutrition Market by Application

Standard Supplement
Diseased Based
Sports Nutrition

Personalized Nutrition Market by End-User

Direct-to-Consumers
Wellness & Fitness Centers
Hospitals & Clinics, Institutions
Others

Personalized Nutrition Market – Dynamics

Digital technologies enable the smooth transmission of real-time data at greater convenience with less cost. Hectic lifestyles force people to indulge in unhealthy eating habits such as fatty foods and takeaways, which do not fulfill their nutritional requirements. Increasing awareness among people about health has led to the adoption of innovative technologies and products. Digital healthcare solutions help in improving individual health and wellness. Digital healthcare covers everything from wearables gadgets to ingestible sensors, from mobile health applications to artificial intelligence. The nutritional requirements and responses to dietary consumption could vary from person to person. Thus, healthcare professionals offer customized dietary recommendations through personalized digital tools such as mobile applications as people are looking for quick diagnosis, timely advice, treatment, and reassurance about adequate nutritional intake.

Key Drivers and Trends fueling Market Growth:

Consumer Inclination toward Healthy Lifestyles
Rise in Aging Population Worldwide
Advances in Personalized Nutrition Technologies
Growth Opportunities through Collaborations and Strategic Partnerships

Personalized Nutrition Market – Geography

North America is the largest regional market and accounted for a share of 43.88% in the global personalized nutrition market. The increasing health consciousness among consumers and rising demand for highly nutritious products are driving the adoption of personalized nutrition products in the region. People are facing lifestyle disorders due to changes in lifestyle and irregularities in nutrition consumption, which is also triggering the demand for personalized nutrition products. The market is expected to grow during the pandemic and the forecast period due to the growing use of nutritional products to maintain and improve the immune system. Furthermore, factors such as the increasing popularity of digital solutions and preference for customized diet plans are driving the growth of market.

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Personalized Nutrition Market by Geography

North America

US
Canada

Europe

Germany
France
UK
Italy
Spain
Norway
Sweden
Finland
Denmark
Belgium
Switzerland
Russia

APAC

China
India
Japan
South Korea
Australia
Malaysia
Singapore
Indonesia

Middle East & Africa

South Africa
Turkey
Saudi Arabia
UAE
Israel

Latin America

Brazil
Mexico
Colombia

Major Vendors

Amway
Herbalife Nutrition
Nutrigenomix
BASF SE
DSM

Other Prominent Vendors

Atlas Biomed
DNAlysis
Persona
Bactolac Pharmaceutical
Balchem
Wellness Coaches
DayTwo
BiogeniQ
Mindbodygreen
Helix & Gene
Metagenics
Baze
GX Sciences
Viome
Zipongo
Care/of
DNAfit
Vitagene
InstaFit
Segterra
Nutrino
Nourish3D
Rootine
Supp Nutrition

Explore our health & wellness profile to know more about the industry.

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About Arizton:

Arizton Advisory and Intelligence is an innovation and quality-driven firm, which offers cutting-edge research solutions to clients across the world. We excel in providing comprehensive market intelligence reports and advisory and consulting services.

We offer comprehensive market research reports on industries such as consumer goods & retail technology, automotive and mobility, smart tech, healthcare, and life sciences, industrial machinery, chemicals and materials, IT and media, logistics and packaging. These reports contain detailed industry analysis, market size, share, growth drivers, and trend forecasts.

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SOURCE Arizton Advisory & Intelligence