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Nutrigenomic Market

Nutrigenomics Market By Application (Diabetes, Obesity, Gastrointestinal, Woman's health, Neurological, Others), End Users (Food and Beverage, Pharmaceutical, Functional Foods and Dietary Supplement, Hospitals, Academic and Research Organizations) & Region - Forecast 2022 - 2032

Market Insights on Nutrigenomic covering sales outlook, demand forecast & up-to-date key trends

Nutrigenomic Market Overview

The nutrigenomics market is expected to register a CAGR of 16% during the forecast period, up from US$ 451.7 Mn in 2021 to reach a valuation of US$ 2311.49 Mn 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

US$ 451.7 Mn

Nutrigenomics Market Projected Value 2032

US$ 2311.49 Mn

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 supporting 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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What are the Key Drivers to the Nutrigenomics Market Share?

The increase in the prevalence of diabetes and other chronic diseases is anticipated to increase the demand for nutrigenomics and propel the growth of overall nutrigenomics market share.

According to the World Health Organization, in 2016, approximately 1.6 million deaths occurred due to diabetes and 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, the 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.

Nandini Roy Choudhury
Principal Consultant
LinkedIn
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Which is the Leading Region in the Nutrigenomics Market?

In the North America region, 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.

Who are the Key Players in the Nutrigenomics Market?

Key players operating in the global nutrigenomics market are Vitagene, Mapmygenome, Gini Health, geneOmbio, Nutrigenomix, 23andMe Inc., DNAfit, GX Sciences Inc., 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 analysis the competitive landscape and nutrigenomics market share acquired by players to strengthen their market position.

Recent Developments in the Nutrigenomics Market

  • In June 2018, 23&Me announced a partnership with GlaxoSmithKline to work on new treatments and potential cures utilizing human genetics as a foundation for exploration.
  • The Global Genetic Project was started by 23&Me in February 2018 to improve understanding of human genetic diversity and provide insights into health concerns that may affect underrepresented populations in genetic research.
  • DNAFit and Vita Mojo partnered up in June 2017 to produce the world's most personalised restaurant menu, tailored to each customer's DNA.
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Report Scope

Report Attribute

Details

Growth rate

CAGR of 16% from 2022 to 2032

Base year for estimation

2021

Historical data

2015 - 2020

Forecast period

2022 - 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

U.S.; Canada; Mexico; Germany; U.K.; France; Italy; Spain; Russia; Belgium; Poland; Czech Republic; China; India; Japan; Australia; Brazil; Argentina; Colombia; Saudi Arabia; UAE; 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.

Frequently Asked Questions

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., Xcode Life.

As per the analysis, the nutrigenomics market share is likely to be US$ 2311.49 Mn by 2032.

Demand for nutrigenomics is likely to rise due to prevalence of cardiovascular illnesses and obesity among the growing population

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Nandini Roy Choudhury
Principal Consultant
LinkedIn
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