Next-Generation Personalized Nutrition Market to Record Exponential CAGR by 2030 – Exclusive Report by InsightAce Analytic
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 2030.”
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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 12.3% during the forecast period 2024-2031.
In recent years, personalized nutrition has become increasingly popular as it offers a more systematic approach to health promotion. By assessing eating patterns, personalized nutrition strategies customize recommendations and dietary changes to address individual needs.
This approach aims to reduce the risk of chronic diseases like obesity, type 2 diabetes, heart disease, etc. For example, some people may prioritize a green diet, while others may focus on incorporating certain foods for healthy skin, nails, and hair.
Global demand for next-generation personalized nutrition is skyrocketing due to several factors.
• Rising obesity rates and unhealthy lifestyles: The growing number of people suffering from obesity and the negative health impacts of a fast-paced lifestyle have led to an increased demand for personalized dietary solutions.
• Changing consumer tastes: Increasing preferences for high-quality, nutritious foods are creating a market for personalized plans that cater to these preferences.
• Focus on preventive healthcare: The COVID-19 pandemic has highlighted the importance of preventive measures against chronic diseases. Many consumers see personalized nutrition as a way to prevent chronic diseases such as heart disease, diabetes, and hypertension. This increased health awareness is driving the market growth.
• Increased Research and Development Spending: The rise in COVID-19 cases has led to increased investment in research and development in the health and wellness space, including personalized nutrition.
• Rising demand for immunity boosting products: During the pandemic, there has been a surge in demand for vitamins, minerals and supplements that promote overall health and immunity, further contributing to the market expansion.
• Strategic Industry Partnerships: Collaborative efforts and partnerships among industry players are expected to accelerate market growth.
Going forward, the next-generation personalized nutrition market is expected to continue to expand due to growing health concerns and changing consumer preferences for nutritious foods.
North America is expected to be a major contributor to the next generation personalized nutrition market during the forecast period. Increasing 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.
Some of the major 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., Nutrigenomics, 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.
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 spectrum, 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, 2022-2030 (Value USD Million)
• Questionnaire/survey based
• Wearables and Apps
• Home test kits
• Other (Consultations, etc.)
Global Next Generation Personalized Nutrition Market, by Application, 2022-2030 (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, 2022-2030 (Value USD Million)
• North America
• Europe
• Asia Pacific
• latin america
• Middle East and Africa
North America Next Generation Personalized Nutrition Market, by Country, 2022-2030 (Value USD Million)
• we
• Canada
European Next Generation Personalized Nutrition Market, by Country, 2022-2030 (Value USD Million)
• Germany
• France
• Italy
• Spain
• Russia
• Other Europe
Asia Pacific Next Generation Personalized Nutrition Market, by Country, 2022-2030 (Value USD Million)
• India
• China
• Japan
• South Korea
• Australia and New Zealand
Latin America Next Generation Personalized Nutrition Market, by Country, 2022-2030 (Value USD Million)
• Brazil
• Mexico
• Other Latin American countries
Middle East and Africa Next Generation Personalized Nutrition Market, by Country, 2022-2030 (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
Understand 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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