The nutrigenomics market is evolving owing to growing demand for personalized nutrition solutions. Nutrigenomics involves the study of how genes influence the way our bodies respond to different foods and nutrients. It helps identify which diet and dietary supplements are most suitable for an individual’s genetic makeup. This is especially important due to the rising prevalence of lifestyle diseases like diabetes, obesity, and cardiovascular issues. Nutrigenomic testing aids in developing personalized nutrition plans to manage these health conditions. It analyzes biomarkers for nutrition, metabolism, and an individual’s genetics to provide tailored diet and supplement recommendations.
The Global Nutrigenomics Market is estimated to be valued at US$ 1.3 Bn in 2024 and is expected to exhibit a CAGR of 13% over the forecast period 2024-2031.
Key Takeaways
Key players operating in the nutrigenomics market are 3X4 Genetics, Advanced Nutrigenomics, DNAlysis Biotechnology, DNA Health and Wellness, Geno Palate and Among Others. These companies are investing in R&D to develop innovative testing methods and online platforms to make personalized nutrition accessible to more individuals.
The rising demand for tailored diets and supplements presents significant opportunities in the nutrigenomics industry. Companies are launching online healthcare services and mobile apps incorporating nutrigenomic insights to provide all-inclusive nutrition support. They are also partnering with healthcare providers and fitness centers to increase access points for nutrigenomics testing.
Globally, nutrigenomic companies are expanding to countries in North America, Europe, Asia Pacific and Latin America. This is aided by growing health awareness, disposable incomes, and policy support for preventive healthcare approaches like nutrigenomics. Manufacturers are localizing their offerings, including regional foods and nutrient comprehensions, to better cater to diverse populations worldwide.
Market Drivers
The growing prevalence of lifestyle diseases is a major market driver. Nutrigenomics helps address the roots of diseases like diabetes and obesity by identifying at-risk genes and recommending preventive dietary changes. This is expected to significantly drive the adoption of nutrigenomic testing over the forecast period.
Market Restraint
Limited awareness and high cost of testing are prominent restraints for the nutrigenomics market. Wider education efforts are needed to convey benefits of personalized nutrition approaches to consumers. Additionally, insurers have low coverage for nutrigenomic tests, limiting its reach. Market players must focus on awareness campaigns and more affordable testing solutions to counter these restraints.
Segment Analysis
The nutrigenomics market is broadly divided into three major segments including reagents & kits, services and systems & software. Among them, the reagents & kits segment dominates the market and accounts for over 45% share. This is because reagents & kits form the basic requirement for conducting nutrigenomics tests. They are used in various stages of DNA isolation, PCR amplification and sequencing. Being convenient to use and offering reproducibility, demand for reagents & kits continues to remain high in the market.
Global Analysis
On the basis of region, North America leads the global nutrigenomics market and holds around 35% share. This is primarily due to increasing adoption of precision medicine and rising awareness about nutrigenomics among individuals for maintaining good health. Europe holds the second largest share in the market owing to large research initiatives undertaken by universities and research institutions for developing nutrigenomics-based therapies. Asia Pacific is recognized as the fastest growing regional market and will expand at a CAGR of 15% during the forecast period. Improving healthcare infrastructure, growing geriatric population and increasing willingness to invest in innovative healthcare solutions are fueling demand in Asia Pacific countries like China and India.
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Author Bio:
Money Singh is a seasoned content writer with over four years of experience in the market research sector. Her expertise spans various industries, including food and beverages, biotechnology, chemical and materials, defense and aerospace, consumer goods, etc. (https://www.linkedin.com/in/money-singh-590844163 )
What Are The Key Data Covered In This Nutrigenomics Market Report?
:- Market CAGR throughout the predicted period
:- Comprehensive information on the aspects that will drive the Nutrigenomics's growth between 2024 and 2031.
:- Accurate calculation of the size of the Nutrigenomics and its contribution to the market, with emphasis on the parent market
:- Realistic forecasts of future trends and changes in consumer behaviour
:- Nutrigenomics Industry Growth in North America, APAC, Europe, South America, the Middle East, and Africa
:- A complete examination of the market's competitive landscape, as well as extensive information on vendors
:- Detailed examination of the factors that will impede the expansion of Nutrigenomics vendors
FAQ’s
Q.1 What are the main factors influencing the Nutrigenomics?
Q.2 Which companies are the major sources in this industry?
Q.3 What are the market’s opportunities, risks, and general structure?
Q.4 Which of the top Nutrigenomics companies compare in terms of sales, revenue, and prices?
Q.5 Which businesses serve as the Nutrigenomics’s distributors, traders, and dealers?
Q.6 How are market types and applications and deals, revenue, and value explored?
Q.7 What does a business area’s assessment of agreements, income, and value implicate?
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it