CHICAGO, June 14, 2021 / PRNewswire / – In-depth analysis and data-driven insight into the impact of COVID-19 in this global Personalized Nutrition Market report.
The personalized nutrition market is expected to grow at a CAGR of over 16.53% over the period 2020-2026.
Key highlights of 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% over the forecast period.
- Europe is the second largest personalized nutrition market with a market share of 26.89% and is expected to generate additional sales of $ 2.17 billion.
- The functional food industry encompasses the food, beverage and nutritional supplement sectors and has seen rapid growth in recent years. It is estimated that the global food and beverage market will grow at a CAGR of 17.01% over the forecast period.
- The Sports Nutrigenomics market is expected to generate additional revenue of $ 1.98 billion in the forecast period with a growing CAGR of 19.99%
- As a result of the COVID-19 outbreak, companies have begun to better understand the demands and needs of consumers. Therefore, COVID-19 will continue to be an important driver for the personalized nutrition market in the long run.
Key offers:
- Market size and forecast by sales | 2020-2026
- Market Dynamics – Leading Trends, Growth Drivers, Restrictions, and Investment Opportunities
- Market Segmentation – A detailed analysis by product, shape, application, end user and geography
- Competitive landscape – 5 main providers and 24 additional providers
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Personalized Nutrition Market Segmentation
- Dietary supplements and nutritional supplements have great potential in the Asia Pacific Region. This segment accounts for over 52% of the APAC market share due to increasing health awareness and personalized health diet plans. The frequency of use of nutraceuticals in developed countries is almost 50 to 70% and is mainly used by women.
- The discovery of compounds such as vitamins, minerals, micronutrients and other pigments has led to the development of nutritional supplements. It is growing in the market with a CAGR of around 14%. The aqueous coating solution is used to coat the tablets as it makes the tablet safe, protective and easy to swallow, and the use of this solution is booming in the dietary supplement segment.
- Eating a nutritious diet is important for maintaining a healthy weight and getting the nutrients necessary for healthy body function. People are shifting towards personalized health advice, as individuals can receive nutritional advice specifically tailored to their genotype for the prevention and treatment of chronic diseases.
Personalized Nutrition Market By Product
- Dietary Supplements & Nutraceuticals
- Functional foods and beverages
- Sports nutrigenomics
- Digitized DNA
Personalized nutrition market by form
- Tablets
- Capsules
- powder
- liquids
- Other
Personalized Nutrition Market by Application
- Standard surcharge
- Disease based
- Sports nutrition
Personalized Nutrition Market by End-Users
- Directly to consumers
- Wellness and fitness centers
- Hospitals & clinics, institutions
- Other
Personalized Nutrition Market – Dynamics
Digital technologies enable the smooth transmission of real-time data with more convenience and lower costs. A hectic lifestyle forces people into unhealthy eating habits like fatty foods and takeaways that don’t meet their nutritional needs. The increasing health awareness of the people has led to the introduction of innovative technologies and products. Digital health solutions help improve individual health and wellbeing. Digital healthcare encompasses everything from wearable devices to ingestible sensors, from mobile health applications to artificial intelligence. Dietary needs and responses to food intake can vary from person to person. Therefore, healthcare professionals provide tailored dietary recommendations through personalized digital tools such as mobile applications when people are looking for quick diagnosis, timely advice, treatment and security about adequate food intake.
Main drivers and trends driving market growth:
- Consumer propensity for healthy lifestyles
- Increase in the aging population worldwide
- Advances in personalized nutrition technologies
- Opportunities for growth through cooperation and strategic partnerships
Personalized Nutrition Market – Geography
North America is the largest regional market and accounted for 43.88% of the global personalized nutrition market. The increasing health awareness of consumers and the increasing demand for nutrient-rich products are driving the acceptance of personalized nutritional products in the region. People face lifestyle disorders due to lifestyle changes and food intake irregularities, which also creates demand for personalized nutritional products. The market is expected to grow during the pandemic and forecast period due to the increasing use of nutritional products to maintain and improve the immune system. In addition, factors such as the increasing popularity of digital solutions and the preference for individual diet plans are driving market growth.
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Personalized Nutrition Market by Geography
- North America
- Europe
- Germany
- France
- United Kingdom
- 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
- United Arab Emirates
- Israel
- Latin America
Main provider
- Amway
- Herbalife diet
- Nutrigenomix
- BASF SE
- DSM
Other prominent providers
- Atlas Biomed
- DNA lysis
- person
- Bactolac Pharma
- Balchem
- Wellness coaches
- Day two
- BiogeniQ
- Mindbodygreen
- Helix & Gene
- Metagenics
- Bases
- GX sciences
- Viome
- Hats
- Care / of
- DNAfit
- Vitagene
- InstaFit
- Segterra
- Nutrino
- Nourish3D
- Rootine
- Soup diet
Explore our health and wellness profile to learn more about the industry.
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SOURCE Arizton Advisory & Intelligence
source https://dailyhealthynews.ca/personalized-nutrition-market-size-to-reach-revenues-of-usd-16-70-billion-by-2026/
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