Next-Generation Personalized Nutrition Market to Record an Exponential CAGR by 2030 – Exclusive Report by InsightAce Analytic
InsightAce Analytic Pvt. Ltd. announces the release of a market assessment report on the “Global Next-Generation Personalized Nutrition Market– by Service (Questionnaire/Survey Based, Wearables and Apps, Home Test Kits, and Others (Consultation,.)), Application (Biomarkers/ Diagnostic and Monitoring Tools, Genetics/ Nutrigenomics, Microbiome/Next Generation Probiotics, and Physical Traits & Lifestyle Based Solution), Trends, Industry Competition Analysis, Revenue and Forecast To 2030.”
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According to the latest research by InsightAce Analytic, the global Next-Generation Personalized Nutrition market is is expected to show a CAGR of 12.3% during a forecast period of 2024-2031.
Personalized nutrition has become increasingly popular in recent years, offering a more systematic approach to health improvement. By evaluating dietary patterns, personalized nutrition strategies tailor recommendations or dietary changes to address individual needs. This approach aims to reduce the risk of chronic diseases like obesity, type 2 diabetes, and heart disease. For example, some individuals may prioritize an environmentally friendly diet, while others might focus on incorporating specific foods for healthy skin, nails, and hair.
The global demand for next-generation personalized nutrition is surging due to several factors:
- Rising obesity rates and unhealthy lifestyles: The increasing number of people struggling with obesity and the negative health effects of fast-paced lifestyles are driving the demand for personalized dietary solutions.
- Shifting consumer preferences: A growing preference for high-quality, nutrient-dense foods is creating a market for personalized plans that cater to these preferences.
- Focus on preventative healthcare: The COVID-19 pandemic highlighted the importance of preventative measures for chronic diseases. Many consumers view personalized nutrition as a way to defend against chronic conditions like heart disease, diabetes, and hypertension. This heightened health awareness has fueled market growth.
- Increased R&D spending: The rise in COVID-19 cases has spurred greater investment in research and development within the health and wellness sector, including personalized nutrition.
- Growing demand for immunity-boosting products: During the pandemic, the demand for vitamins, minerals, and supplements that promote overall health and immunity surged, further contributing to market expansion.
- Strategic industry partnerships: Market growth is expected to accelerate due to collaborative efforts and partnerships among industry players.
Looking ahead, the market for next-generation personalized nutrition is poised for continued expansion, driven by growing health concerns and evolving consumer preferences for high-nutritional value foods.
North America is anticipated to be the major contributor to the Next-Generation Personalized Nutrition market over the forecast years. The increased consumer awareness of their health is a significant factor driving the market expansion in this region. This region already has major providers of tailored nutrition, which is anticipated to aid in the market’s growth. An upsurge in obesity rates is being seen in the area. In addition, the Asia Pacific Next-Generation Personalized Nutrition market is expected to grow significantly during the forecast period because of shifting dietary trends, an ageing population, and increased knowledge of customized and modified diets.
Major market players operating in the Next-Generation Personalized Nutrition market include DNAFit, Flavourspace B.V., FoodMinds, Freshly, GenBiome, GenoPalate, Glucovation, Habit food personalized, 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 players.
Recent collaborations and agreements in the market:
- In November 2019, AVA (Boston, MA), which offers a digital personalized nutrition platform that provides nutrition and coaching suggestions throughout the health and wellness categories, was bought by DSM (Netherlands). The nutrition strategy of DSM includes personalized nutrition as a core component. It combines previously announced partnerships and investments across crucial competencies, including platforms for delivering tailored food, like Panaceutics, Mixfit, and Tespo. AVA is already offered in the US and Europe and is easily adaptable to many different use cases.
- In October 2019, to suit the individualized nutritional needs of the North American region, Herbalife Nutrition (US) introduced relaxing tea and new immune elements that contain EpiCor. This improves the company’s line of individualized nutrition products.
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Market Segments
Global Next-Generation Personalized Nutrition Market, by Service, 2022-2030 (Value US$ Mn)
- Questionnaire/Survey Based
- Wearables and Apps
- Home Test Kits
- Others (Consultation,.)
Global Next-Generation Personalized Nutrition Market, by Application, 2022-2030 (Value US$ Mn)
- Biomarkers/ Diagnostic and Monitoring Tools
- Genetics/ Nutrigenomics
- Microbiome/Next Generation Probiotics
- Physical Traits & Lifestyle Based Solution
Global Next-Generation Personalized Nutrition Market, by Region, 2022-2030 (Value US$ Mn)
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
North America Next-Generation Personalized Nutrition Market, by Country, 2022-2030 (Value US$ Mn)
Europe Next-Generation Personalized Nutrition Market, by Country, 2022-2030 (Value US$ Mn)
- Germany
- France
- Italy
- Spain
- Russia
- Rest of Europe
Asia Pacific Next-Generation Personalized Nutrition Market, by Country, 2022-2030 (Value US$ Mn)
- India
- China
- Japan
- South Korea
- Australia & New Zealand
Latin America Next-Generation Personalized Nutrition Market, by Country, 2022-2030 (Value US$ Mn)
- Brazil
- Mexico
- Rest of Latin America
Middle East & Africa Next-Generation Personalized Nutrition Market, by Country, 2022-2030 (Value US$ Mn)
- GCC Countries
- South Africa
- Rest of Middle East & Africa
Why you should access this report:
- To receive a comprehensive analysis of the prospects for the global Next-Generation Personalized Nutrition market
- To receive an industry overview and future trends of the Next-Generation Personalized Nutrition market
- To analyze the Next-Generation Personalized Nutrition market drivers and challenges
- To get information on the Next-Generation Personalized Nutrition market value (US$Mn) forecast to 2030
- Significant investments, mergers & acquisitions in the Next-Generation Personalized Nutrition market industry
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