Personalized Nutrition Market to Grow at a Fascinating CAGR of 11.48% in the 2022-2030 Timeframe | Defined by Research Dive
The global personalized nutrition market is expected to grow primarily owing to the growing demand for personalized solutions. The market in the North America region is predicted to grow at a high CAGR by 2030
NEW YORK, April 20, 2023 /PRNewswire/ -- Global Personalized Nutrition Market Forecast Analysis:
As per the report published by Research Dive, the global personalized nutrition market is expected to register a revenue of $37,286.9 million by 2030, growing at a CAGR of 11.48% during the forecast period 2022–2030.
Segments of the Personalized Nutrition Market
The report has divided the market into the following segments:
- Product Type: active measurement and standard measurement
- Active Measurement – Expected to register a revenue of $25,123.2 million during the forecast period
In order to maintain an accurate and personalized nutrient profile based on the demands of the individual, active measurement techniques are required. This is likely to push the growth of this sub-segment further. - Application: standard supplement and disease-based
- Disease Based– Likely to surpass $11,929.6 million by 2030
The increasing number of diseases globally is expected to augment the growth rate of the market in the 2022–2030 timeframe. - End-use: direct-to-consumer, wellness & fitness centers, hospital & clinics, and institutions
- Wellness & Fitness Centers – Expected to surpass $11,566.0 million by 2030
The growing trend for the adoption of health services such as personal training, nutrition consulting, and fitness center among people is expected to propel the sub-segment forward. - Region: North America, Europe, Asia-Pacific, and LAMEA
- North America – Projected to register a revenue of $14,877.5 million by 2030
The strong presence of major personalized nutrition suppliers and manufacturers offering cutting-edge personalized nutrition diets and testing is predicted to propel the market in the forecast period.
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Dynamics of the Global Personalized Nutrition Market
Receiving dietary advice based on individual needs is becoming more and more popular, which is expected to make the personalized nutrition market a highly profitable one in the forecast period. Furthermore, rising obesity and unhealthy lifestyles, as well as hectic lifestyles and poor eating habits, are expected to propel the market forward. However, expensive personalized nutritionists, a lack of understanding, and the high cost of dietary supplements and nutrition plans with personalized nutrition might become a restraint in the growth of the market.
The increasing technological developments in personalized nutrition are predicted to offer numerous growth opportunities to the market in the forecast period. Furthermore, shifting consumer demand patterns, such as a preference for high-nutritional-value foods, are expected to propel the personalized nutrition market forward in the coming years.
COVID-19 Impact on the Global Personalized Nutrition Market
The new coronavirus pandemic had a severe impact on a number of businesses, yet the market for personalized nutrition saw tremendous development during this time. With the lockdown imposed by the government to stop the spread of the coronavirus disease, many individuals took their health more seriously and adopted healthy diets. As health issues increased, individuals started selecting health supplements to boost their immunity, resulting in a greater demand for personalized nutrition. As a result, the importance of having good health increased dramatically during the pandemic, fueling the personalized nutrition market growth.
Key Players of the Global Personalized Nutrition Market
The major players of the market include
- DSM
- BASF SE
- Herbalife Nutrition
- DNAfit
- Amway
- Wellness Coaches
- Habit LLC
- Atlas Biomed
- Balchem Corporation
- Bactolac Pharmaceutical
These players are working on developing strategies such as product development, merger and acquisition, partnerships, and collaborations to sustain the market growth.
For instance, in March 2022, Zitamine, a tech-enabled startup for personalized nutrition, launched the first personalized nutrition solution in Romania.
What the Report Covers
Apart from the information summarized in this press release, the final report covers crucial aspects of the market including SWOT analysis, market overview, Porter's five forces analysis, market dynamics, segmentation (key market trends, forecast analysis, and regional analysis), and company profiles (company overview, operating business segments, product portfolio, financial performance, and latest strategic moves and developments.)
More about Personalized Nutrition Market:
- Personalized Nutrition: A New Branch of Science and Technology that Promises Healthy Living
- Product Launches and Company Acquisitions by Market Players, such as Herbalife Nutrition, Wellness Coaches, and Others to Foster the Growth of the Global Personalized Nutrition Market
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About Research Dive
Research Dive is a market research firm based in Pune, India. Maintaining the integrity and authenticity of the services, the firm provides the services that are solely based on its exclusive data model, compelled by the 360-degree research methodology, which guarantees comprehensive and accurate analysis. With an unprecedented access to several paid data resources, team of expert researchers, and strict work ethic, the firm offers insights that are extremely precise and reliable. Scrutinizing relevant news releases, government publications, decades of trade data, and technical & white papers, Research dive deliver the required services to its clients well within the required timeframe. Its expertise is focused on examining niche markets, targeting its major driving factors, and spotting threatening hindrances. Complementarily, it also has a seamless collaboration with the major industry aficionado that further offers its research an edge.
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