InsightAce Analytic Pvt. Ltd. has announced the release of a market assessment report on “Global Next Generation Personalized Nutrition Market – By Service (Survey/Survey-Based, Wearables & Apps, Home Test Kits, Others (Consultations etc.)), By Application (Biomarkers/Diagnostic & Monitoring Tools, Genetics/Nutrition Genomics, Microbiome/Next Generation Probiotics, Physical Trait & Lifestyle-Based Solutions), Trends, Industry Competitive Analysis, Revenue, Forecast to 2031.”
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According to the latest research by InsightAce Analytic, the global next generation personalized nutrition market is expected to exhibit a CAGR of 14.1% during the forecast period 2024-2031.
In recent years, personalized nutrition has become popular, providing a more consistent and systematic approach to improving health through the assessment of dietary patterns. The basis of a personalized nutrition strategy is the adaptation of nutritional suggestions and dietary modifications to improve health and lower the risk of diseases such as obesity, type 2 diabetes and heart disease. For example, some people choose a diet that has as little negative impact as possible on the environment, while others incorporate special foods for healthy skin, nails and hair.
Rising obesity rates and an increase in the number of unhealthy people due to fast-paced lifestyles are driving the global demand for next-generation personalized nutrition. Future opportunities also arise from changing consumer patterns, such as preference for quality nutritional foods based on nutritional profiles. The market witnessed favorable growth during the pandemic as many customers viewed personalized nutrition as a defense against chronic health disorders such as cardiovascular diseases, hypertension, and diabetes. This resulted in an increase in the number of Covid-19 patients, which in turn led to higher R&D expenditure. Moreover, throughout the pandemic, there has been an increase in the demand for minerals, vitamins, and supplements and focus on improving health and immunity, which complemented the market expansion. The market for next-generation personalized nutrition is expected to surge owing to strategic collaborations among market players and growing health concerns.
Furthermore, changing consumer preferences, such as preference for nutritious foods, are expected to drive the development of personalized nutrition strategies, thus fueling the market expansion.
North America is expected to be a major contributor to the next generation personalized nutrition market during the forecast period. Rising consumer health consciousness is a key factor driving the market expansion in this region. The region already has leading companies offering customized nutrition, which is expected to drive the market growth. The region is witnessing a rise in obesity rates. Moreover, the next generation personalized nutrition market in Asia Pacific is expected to grow significantly during the forecast period owing to changing eating trends, aging population, and increasing knowledge about customized and modified diets.
Key market players operating in the next generation personalized nutrition market include DNAFit, Flavourspace BV, FoodMinds, Freshly, GenBiome, GenoPalate, Glucovation, Habit food personally, Healbe Corporation, InsideTracker, Ixcela, Lifefuels, Arborvitae, Baze, BiogeniQ, Bitbite, Datassential, Day Two Ltd., Loewi, Mixfit Inc., myDNAhealth, Noom, Inc., Nutrigenomix, Nutrino, Onegevity Health, Onex Corporation, Pathway Genomics, STYR, Suggestic, Tespo, Tivity Health, Viome, Inc., Vydiant, WellnessFX, Inc., Whisk, Zipongo, Amazing Food Solution, Inc., Phynova Group Limited, PlateJoy, Inc., Shopwell, SmartPlate, Spoon Guru, Atlas Biomed Group Ltd., Caligenix, Drawbridge Health, Inc., Food Gene & Me, Molecular You Corp., Sundose, O2 Studio, Geneplanet, DNApa, Eurogenetica Ltd., and other prominent companies.
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Recent collaborations and agreements in the market:
• In November 2019, AVA (Boston, MA), a digital personalized nutrition platform offering nutrition and coaching recommendations across the health and wellness vertical, was acquired by DSM (Netherlands). DSM’s nutrition strategy includes personalized nutrition as a core component, combining previously announced partnerships and investments across key competencies, including platforms that deliver customized food such as Panaceutics, Mixfit and Tespo. AVA is already available in the US and Europe and can be easily adapted to different use cases.
• In October 2019, Herbalife Nutrition (US) introduced new immunity ingredients with Relax Tea and Epicor to address the personalized nutrition needs of the North American region, strengthening the company’s line of personalized nutrition products.
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Market Segments
Global Next Generation Personalized Nutrition Market, by Service, 2024-2031 (Value USD Million)
• Questionnaire/survey based
• Wearables and Apps
• Home test kits
• Other (Consultations, etc.)
Global Next Generation Personalized Nutrition Market, by Application, 2024-2031 (Value USD Million)
• Biomarkers/diagnostic and monitoring tools
• Genetics/Nutrigenomics
• Microbiome/Next Generation Probiotics
• Physical and lifestyle-based solutions
Global Next Generation Personalized Nutrition Market, by Region, 2024-2031 (Value USD Million)
• North America
• Europe
• Asia Pacific
• latin america
• Middle East and Africa
North America Next Generation Personalized Nutrition Market, by Country, 2024-2031 (Value USD Million)
• we
• Canada
European Next Generation Personalized Nutrition Market, by Country, 2024-2031 (Value USD Million)
• Germany
• France
• Italy
• Spain
• Russia
• Other Europe
Asia Pacific Next Generation Personalized Nutrition Market, by Country, 2024-2031 (Value USD Million)
• India
• China
• Japan
• South Korea
• Australia and New Zealand
Latin America Next Generation Personalized Nutrition Market, by Country, 2024-2031 (Value USD Million)
• Brazil
• Mexico
• Other Latin American countries
Middle East and Africa Next Generation Personalized Nutrition Market, by Country, 2024-2031 (Value USD Million)
• GCC countries
• South Africa
• Rest of the Middle East and Africa
Reasons to buy this report:
Receive a comprehensive analysis of the global next generation personalized nutrition market outlook
Learn about the industry overview and future trends of the next-generation personalized nutrition market
Analyze the drivers and challenges of the next generation personalized nutrition market
Get information on Next Generation Personalized Nutrition market value forecast (in USD million) by 2030
Significant investments, mergers and acquisitions in the next generation personalized nutrition market industry
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