Revolutionizing Health Personalized Nutrition Market Stage With a projected CAGR of 6.4%, the global market is set to surpass US$ 4.7 billion by 2032. Utilizing AI, genetic testing, and wearables, personalized nutrition tailors dietary recommendations to individual needs, fueled by a surge in awareness and demand for custom dietary components.
The Personalized Nutrition Market has become a game-changing movement in the wellness and health sector. This industry is expanding significantly due to rising awareness of personal health issues. Personalised nutrition uses cutting-edge technologies such as artificial intelligence, genetic testing, and wearables to customise nutritional recommendations based on individual genetic makeup, lifestyle, and health objectives.
Over the projected period of 2022-2032, the global personalised nutrition business is expected to develop at a compound annual growth rate (CAGR) of 6.4%, topping US$ 4.7 billion by 2032.
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The market is expected to see a rise in demand due to the rising manufacturing of dietary components and associated substances that are customised to meet the wants or conditions of individual consumers. These specifications can be ascertained remotely using tools like fitness bands, wearable technology, smartphones, and DNA testing.
Personalised supplements are becoming more and more in demand as people choose more individualised approaches to their health and fitness. Additionally, efficient and effective tailored dietary programmes are being generated by technological breakthroughs in the healthcare and personal industries.
Another key factor propelling the demand is rising health consciousness due to increasing prevalence of health-related problems such as overweight and coronary heart diseases. Subsequently, growing consumption of organic and natural food products is propelling the demand in the market.
In addition to the ingredients required to create an individualized diet, the personalized nutrition market includes personalized nutrition diagnostic systems to identify nutritional product’s needs.
Key Takeaways from Market Study
- The personalized nutrition market is projected to expand at CAGR of 6.4% over the forecast period.
- Among the product type segment, personalized supplements is expected to account for 26.8% of demand share, registering a CAGR of 5.6% over the forecast period.
- Among the measurement method segment, standard measurement is expected to hold more than 46.8% revenue share and it is expected to grow with around 5.6% CAGR over the forecast period.
- Among sales channel segment, wellness and fitness centers is dominating the sales channel segment holding around 21.4% in 2022 and it is expected to grow with CAGR of 5.7% over the forecasted period.
“Rising tailored nutrition trend are increasing the demand in the personalized nutrition market. Another factor propelling the demand in the market is growing social media penetration advocating personalized nutrition through lifestyle bloggers and dieticians.” says a Future Market Insights analyst.
Competitive Landscape
Key manufacturers of global personalized nutrition market are focusing on research and development in order to develop innovative and unique product offering. In addition to this, key players in the personalized nutrition market are also concentrating on merger, acquisition and joint ventures to expand their geographical presence and also to increase the existing production capacity.
- In July 2018, Royal DSM announced its acquisition of personalized nutrition company Mixfit Inc. becoming the company’s largest shareholder with approximately 50% of the shares. Consumer preferences for personalized nutrition solutions are increasing rapidly, and only a few companies are capable of delivering solutions from production to consumer (end-to-end solutions)
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Future Market Insights, in its new report, offers an impartial analysis of the global personalized nutrition market, presenting historical data (2017-2021) and estimation statistics for the forecast period of 2022-2032.
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Global Personalized Nutrition Market by Category
By Product Type:
- Personalized Supplements
- Personalized Diet Plans
- Personalized Beverages
- Diseases Based
By Measurement Method:
- Active Measurement
- Standard Measurement
By Sales Channel:
- Direct to consumer Delivery Services
- Wellness and fitness centers
- Hospitals & Clinics
- Pharmacies
- Online
- Retail Stores
By Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia
- Oceania
- Middle East and Africa
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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