The global personalized nutrition market is on track for a surge in growth, reaching an estimated USD 36.8 billion by 2030. This translates to a robust compound annual growth rate (CAGR) of 15.8% during the forecast period of 2023-2030, up from USD 11.4 billion in 2022. This press release explores the key trends, potential challenges, and regional variations shaping this exciting market.
Key Players
The major key players are Amway (US), BASF (Germany), DSM (Netherlands), HerbalifeNutrition Ltd (US), DNAfit (UK), Care/of (US), Nutrigenomix (US), Zipongo (US), Viome (US), Habit (US), Wellness Coaches USA, LLC., Atlas Biomed Group Limited (UK), and Others.
Market Analysis
Several factors are fueling the personalized nutrition market:
- Growing consumer interest in preventative healthcare and proactive wellness management.
- Rising awareness of the connection between individual needs and dietary choices.
- Increasing adoption of digital health solutions and personalized nutrition apps.
- Growing prevalence of chronic diseases like obesity and diabetes, prompting a need for tailored dietary plans.
KEY SEGMENTS
By Product Type
- Active Measurement
- Standard Measurement
By Form
- Tablets
- Capsules
- Powder
- Liquid
- Other Forms
By Application
- Standard Supplements
- Disease-based
By End User
- Direct-To Consumer
- Wellness & Fitness Centers
- Hospitals & Clinics
Impact of the Russia-Ukraine Conflict
The ongoing conflict between Russia and Ukraine is likely to have a limited impact on the global personalized nutrition market. While supply chain disruptions and potential limitations on specific ingredients might occur in certain regions, the long-term outlook remains positive due to the market’s focus on digital solutions and data-driven approaches.
The Impact of Economic Slowdown
An economic slowdown could potentially lead to cautious consumer spending, impacting the market for premium personalized nutrition services or products. However, the increasing availability of affordable digital tools and the emphasis on preventative healthcare are expected to mitigate this effect.
Regional Analysis
North America currently holds the dominant position in the personalized nutrition market due to its established healthcare infrastructure and early adoption of digital health technologies. However, the Asia Pacific region is expected to experience the fastest growth rate during the forecast period. This is driven by factors such as rising disposable incomes, growing health concerns, and increasing internet penetration in this region.
Key Takeaways
The personalized nutrition market presents a significant growth opportunity due to the growing emphasis on individual health and well-being. Advancements in technology, coupled with rising consumer interest in preventative healthcare, are expected to propel the market forward.
Other Trending Report
Polyclonal Antibodies Market Size
Cell Freezing Media Market Size
Neonatal Critical Care Equipment Market Size
Breastfeeding Accessories Market Size
Protein Engineering Market Size
About Us:
SNS Insider is one of the leading market research and consulting agencies that dominates the market research industry globally. Our company’s aim is to give clients the knowledge they require in order to function in changing circumstances. In order to give you current, accurate market data, consumer insights, and opinions so that you can make decisions with confidence, we employ a variety of techniques, including surveys, video talks, and focus groups around the world.
Contact Us:
Akash Anand – Head of Business Development & Strategy
info@snsinsider.com
Phone: +1-415-230-0044 (US) | +91-7798602273 (IND)
Website: https://www.snsinsider.com
