The nutrigenomics market is expected to register a CAGR of 16% during the forecast period, up from USD 451.7 Million in 2021 to reach a valuation of USD 2311.49 Million by 2032.
The nutrigenomics market is anticipated to show promising growth prospects during the forecasted period owing to the rising burden of nutrition-related non-communicable illnesses.
| Attributes | Details |
|---|---|
| Nutrigenomics Market CAGR | 16% |
| Nutrigenomics Market Value 2021 | USD 451.7 Million |
| Nutrigenomics Market Projected Value 2032 | USD 2311.49 Million |
The nutrigenomics market is also predicted to rise due to the rising prevalence of cardiovascular illnesses and obesity among the growing population. Cardiovascular disorders, according to the World Health Organization (WHO), are one of the main causes of mortality worldwide, killing an estimated 17.9 million people each year.
As a result, the global nutrigenomics market share is anticipated to rise during the forecasted period. During the forecast period, rising cancer prevalence among the growing population is expected to fuel the demand for nutrigenomics.
The rising popularity of tailored nutrition among athletes is projected to fuel the demand for nutrigenomics.
The popularity of personalized nutrition among athletes is due to its goal of optimizing exercise performance, energy output, and health by tailoring nutritional recommendations to an individual's genetic profile. This is promoting the sales of nutrigenomics and supports the overall nutrigenomics market share.
The shift away from a one-size-fits-all approach to the personalization of diets among sports dietitians and nutritionists is promoting growth for the nutrigenomics market. Another element boosting the sales of nutrigenomics in the sports sector is its ability to deliver information about recommended dietary choices that are more successful at an individual level than current dietary guidance.
The report sheds light on the factors improving the sales of nutrigenomics, and, in turn, the opportunities for the market players. However, the nutrigenomics market also faces some challenges, which might limit the nutrigenomics market share from reaching its potential.
Some of the key nutrigenomics market trends promoting the demand for nutrigenomics include rising consumer awareness of nutrition habits, healthy food, and intake of functional foods that have a good physiologic effect and postpone or prevent the onset of chronic diseases.
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The increase in the prevalence of diabetes and other chronic diseases is anticipated to increase the demand for nutrigenomics and propel the growth of the overall nutrigenomics market share.
According to the World Health Organization, in 2016, approximately 1.6 million deaths occurred due to diabetes which was the seventh leading cause of death in the world. Chronic diseases are the major factors due to which demand for nutrigenomics is rising.
In 2020, chronic diseases rose up to 73% of the total deaths. The most common chronic diseases are cardiovascular diseases, cancer, and diabetes. As health awareness is increasing, consumers are willing to pay more so as to live a healthy lifestyle.
The demand for personalized products is anticipated to increase to reduce the risk of diseases and disorders. The demand for personalized products is anticipated to boost the demand for nutrigenomics.
In the North American region, the demand for nutrigenomics is expected to expand rapidly. Obesity is expected to affect roughly 42 percent of the population in America by 2030, according to the Centers for Disease Control and Prevention (CDC).
As public awareness of obesity rises, consumers' willingness to adopt customized products is expected to rise as well. The rising prevalence of diabetes and obesity is expected to be a major driver propelling the demand for nutrigenomics.
According to the WHO, the number of people living with diabetes in India is expected to reach 79 million by 2030. Malaysia has a major obesity problem and is the country with the highest prevalence of diabetes and obesity in Southeast Asia. As a result, the rising prevalence of diabetes and obesity in Southeast Asia is expected to boost the nutrigenomics market growth. The Asia Pacific area also presents an excellent opportunity for nutrigenomics service providers.
Principal Consultant
Key players operating in the global nutrigenomics market are Vitagene, Mapmygenome, Gini Health, geneOmbio, Nutrigenomix, 23andMe Inc., DNAfit, GX Sciences Inc., and Xcode Life.
In recent years, key players in the nutrigenomics market are trying to use nutrigenomics to optimize the nutrition intake that would help in reducing the chances of diseases at all stages of life. The increasing demand for healthy personalized products is expected to increase the inclination of food manufacturers towards the use of nutrigenomics so as to formulate personalized products, which is estimated to increase the demand for nutrigenomics in the food industry.
The report consists of key players contributing to the nutrigenomics market share. It also consists of organic and inorganic growth strategies adopted by market players to improve their market positions. This exclusive report analyzes the competitive landscape and nutrigenomics market share acquired by players to strengthen their market position.
Recent Developments in the Nutrigenomics Market:
| Report Attribute | Details |
|---|---|
| Growth rate | CAGR of 16% from 2022 to 2032 |
| The base year for estimation | 2021 |
| Historical data | 2015 to 2020 |
| Forecast period | 2022 to 2032 |
| Quantitative units | Revenue in USD million and CAGR from 2022 to 2032 |
| Report Coverage | Revenue forecast, volume forecast, company ranking, competitive landscape, growth factors, and trends, Pricing Analysis, |
| Segments Covered | Application, End users, Region |
| Regional scope | North America; Western Europe; Eastern Europe; Middle East Africa; ASEAN; South Asia; Rest of Asia; Australia; and New Zealand |
| Country scope | USA, Canada, Mexico, Germany, United Kingdom, France, Italy, Spain, Russia, Belgium, Poland, Czech Republic, China, India, Japan, Australia, Brazil, Argentina, Colombia, Saudi Arabia, United Arab Emirates, Iran, South Africa |
| Key companies profiled | Vitagene; Mapmygenome; Gini Health; geneOmbio; Nutrigenomix; 23andMe Inc.; DNAfit; GX Sciences Inc.; Xcode Life |
| Customization scope | Free report customization (equivalent to up to 8 analysts' working days) with purchase. Addition or alteration to country, regional & segment scope. |
| Pricing and purchase options | Avail customized purchase options to meet your exact research needs. |
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The nutrigenomics market is predicted to register a CAGR of 16% during the forecast period.
Key players holding substantial nutrigenomics market share include Vitagene, Mapmygenome, Gini Health, geneOmbio, Nutrigenomix, 23andMe Inc., DNAfit, GX Sciences Inc., and Xcode Life.
As per the analysis, the nutrigenomics market share is likely to be USD 2311.49 Million by 2032.
Demand for nutrigenomics is likely to rise due to the prevalence of cardiovascular illnesses and obesity among the growing population
1. Executive Summary 2. Market Overview 3. Market Background 4. Global Market Analysis 2017 to 2021 and Forecast, 2022 to 2032 5. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Service Type 5.1. Genetic Testing Service 5.2. Personalized Diet Service 5.3. International 6. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By End User 6.1. Dieticians 6.2. Sports Clinics 6.3. Corporate Programs 7. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Region 7.1. North America 7.2. Latin America 7.3. Europe 7.4. East Asia 7.5. South Asia & Pacific 7.6. Middle East and Africa 8. North America Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 9. Latin America Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 10. Europe Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 11. East Asia Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 12. South Asia & Pacific Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 13. Middle East and Africa Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 14. Key Countries Market Analysis 15. Market Structure Analysis 16. Competition Analysis 16.1. DayTwo, Inc. 16.2. DNA Fit 16.3. DNAlysis Biotechnology 16.4. Genomix Nutrition, Inc. 16.5. Habit Food Personalized, LLC 16.6. LifeNome, Inc. 16.7. Nutrigenomix, Inc. 16.8. Personalized Nutrition Concierges 16.9. Psomagen-Macrogen Consortium 16.10. Vitagene 17. Assumptions & Acronyms Used 18. Research Methodology
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Nutrigenomic Market
