Nutrigenomics Market Size, Share and Segmentation, By Product, By Technique, By Application, By Regions and Global Forecast 2024-2032
The SNS Insider report estimates the Nutrigenomics Market size at USD 0.51 billion in 2023, with a projected CAGR of 17.05% to reach USD 2.10 billion by 2032.
Key Players
- WellGen Inc.
- Metagenics Inc.
- Genomix Nutrition Inc.
- Nutrigenomix
- NutraGene
- XCODE Life Sciences Pvt. Ltd
- Cura Integrative Medicine
- GeneSmart Health
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The rise of chronic diseases like obesity and diabetes, has a connection to poor dietary choices this is the main growth factor of the Nutrigenomics Market. The consumers are more concern about their health, they are taking preventive measures, and nutrigenomics provide solution to the consumers.
By analyzing an individual’s genetic makeup, consumers are able to find how their body react on the different nutrients and dietary patterns. This makes them to do informed food choices which reduce their risk of chronic diseases.
The rise in interest in personalized medicine is increase the growth of the Nutrigenomics Market. Consumers required healthcare solutions to solve their problems, and nutrigenomics provide the solutions for their problems.
The nutrigenomics provides personalized dietary recommendations based on an individual’s genetic makeup. This type of customization is required for the health-conscious consumers who want to optimize their well-being.
The high cost of conventional medical treatments is not affordable to some people which required more alternative choices. Nutrigenomics give a cost-effective solution to manage health and prevent chronic diseases through personalized dietary interventions.
This cost-effective factor, with the rising focus on healthcare, is increases the growth of the Nutrigenomics Market. Also, the advancements in genomics and the rise of personalized medicine are increasing the demand for the nutrigenomics.
The scientists are understanding and discovering the links between genes, nutrition, and health. This knowledge helps in the development of more targeted and effective dietary recommendations based on an individual’s genetic makeup.
The educational initiatives like academic courses and master’s programs in nutrigenomics are rises the growth of the Nutrigenomics Market.
Segment Analysis
By Product, Reagents & Kits dominated the segment of Nutrigenomics Market with highest market share in 2023, due to increase in the personalized nutrition which rises the demand for nutrigenomic testing kits.
By Technique, Buccal Swab dominated the Nutrigenomics Market with highest market share in 2023, due to the swabs are designed for easy use at-home and can be send back to a designated lab in a dry, sterile container no need for special equipment or procedures.
By Application, Obesity dominated the segment of Nutrigenomics Market with highest market share in 2023, due to the increase in the fast-paced lives, stress, and easy access to convenient, calorie-dense foods.
Recent Developments
September 2022, Pharmagreen Biotech, launched its first nutraceutical product. This new product extracts from fifteen medicinal plants and mushrooms.
January 2022, GeneSmart Health introduced a new service a nutrigenomics test. This test analyzes a person’s genes to provide personalized nutrition recommendations.
January 2022, Epigeneres Biotech, focused on developing innovative therapies for serious medical conditions, and secured $6 million in funding.
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Regional Analysis
The North America dominated the growth of the Nutrigenomics Market with approximately more than 42.80% of the market share in 2023. This dominance is due to increased in the investment in nutrigenomics research.
This research is important for understanding how genes and nutrition are interact, and provide a personalized dietary plan. The increase in the demand for direct-to-consumer nutrigenomic testing kits is enable the individuals to understand their unique genetic makeup and how it influences nutrient absorption and metabolism.
North American consumers are required personalized nutrition plans and functional foods for their specific needs and genetic predispositions. This trend is rising the demand for nutrigenomic services and products.
The Asia Pacific region is growing in Nutrigenomics Market. This growth is due to rise in chronic diseases like diabetes and heart disease, these diseases are increased due to urbanization and lifestyle changes.
In this region, China is the current market leader, and India is showing rapid growth due to its large and health-conscious population.
The European Nutrigenomics Market is showing growth. This growth is due to increasing consumer focus on preventive healthcare and a rising awareness of the link between diet and chronic diseases.
Key Takeaways
- The report highlights a growing demand for personalized nutrition solutions, fueling the nutrigenomics market.
- The report clarifies the link between poor dietary choices and chronic diseases like obesity and diabetes. Nutrigenomics empowers individuals to make informed food choices that can potentially reduce their risk of these conditions.
- The report acknowledges the rise of personalized medicine and its positive impact on the nutrigenomics market.
- The report highlights the potential of nutrigenomics as a cost-effective solution for health management.
- The report highlights North America’s leading position in the nutrigenomics market, driven by factors like high investment in research, consumer interest in direct-to-consumer testing kits, and a growing demand for personalized nutrition plans.
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