Personalized Nutrition Market Growth Rate, Developing Trends, By Top Key Participants | BASF SE, Caligenix, Care/of, DayTwo Inc., DNAFit, Genomix Nutrition, Inc.

The growth of personalized nutrition market has been fuelled by four key factors including increased demand for customized experiences, greater appreciation for healthier foods & better fitness, the ability to track health data on daily basis using wearable solutions, and ongoing breakthroughs in personalized or precision medicines.

Axiom Market Research & Consulting™ added a report on global personalized nutrition market. The global personalized nutrition market was projected to grow at a CAGR of 7.03% for the forecast period 2020 to 2025. The global market is estimated and forecasted in terms of revenue (USD million) generated by the personalized nutrition market.

The market was studied for products of personalized nutrition, such as into vitamins, herbs & botanicals, minerals, proteins & amino acids, fatty acids, probiotics, fibers & specialty carbohydrates and others including prebiotics, carotenoids, glucosamine etc. Based on application, the personalized nutrition industry was segmented into overall health/wellness, immune health, bone health, heart health, skin, hair & nails, digestive/gastrointestinal health, joint health and others including eye health, mental health etc. By age group, the market was segmented into 0-18 age group, 19-34 age group, 35-54 age group and 55+ age group. Furthermore, by providers, the market was segmented into wellness & fitness centers, medical profession & dietician, food delivery services and diagnostic companies (wearables) & laboratories. Moreover, the key regions considered for the study were North America, Europe, Asia-Pacific and Rest of the World.

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Evolving fitness trend and surging demand for healthier foods are driving the market growth
The population of obese and overweight people is soaring globally, and the situation has necessitated the development of reliable weight-loss methods and routines. As consumer demand for such routines or services rises, players operating in the global personalized nutrition market will be provided with a newer set of growth opportunities. The trend is also expected to leverage growth opportunities for companies in the field of functional foods. However, need of well qualified physicians & safety considerations coupled with high cost of personalized nutrition products is hampering the market growth.

Vitamins dominated the personalized nutrition market in 2018
Among various products, the vitamins dominated the global personalized nutrition market in 2018. Vitamins are organic chemical compound which are found in tiny amounts in natural foodstuffs. They play an important role in recommending personalized nutrition, as they help in normal metabolism process, growth and vitality.

In 2018, overall health/wellness segment held the largest share of personalized nutrition application
The overall health/wellness segment dominated the global personalized nutrition market in 2018. The growth of overall health/wellness is driven by increasing consumer trend of personalized nutrition for overall fitness.

Growth of 19-34 age group segment is driven by increasing number of adult populations opting for personalized nutrition
Based on age group, the 19-34 age group dominated the global personalized nutrition market in 2018. The growth of 19-34 age group segment is driven by increasing number of adult populations opting for personalized nutrition in developed countries.

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Diagnostic companies (wearables) & laboratories dominated the global personalized nutrition market
Based on providers, the diagnostic companies (wearables) & laboratories dominated the global personalized nutrition market in 2018. The growth of diagnostic companies (wearables) & laboratories segment is driven by increasing number of diagnostic companies offering personalized nutrition services in developed countries.

North America is estimated to account for the largest share in 2018, followed by Europe and Asia-Pacific
North America accounted for the largest market share of personalized nutrition in 2018, dominated by the U.S. The growth in this region is supported by high incomes, world-class fitness and athletics infrastructure. The Europe also represents a major market for personalized nutrition, led by Germany, owing to increasing number of consumers opting for healthy lifestyles.

The key competitors of this market include:
•BASF SE,
•Caligenix,
•Care/of,
•DayTwo Inc.,
•DNAFit,
•Genomix Nutrition, Inc. (GX Sciences, Inc.),
•Habit Food Personalized, LLC,
•InsideTracker (Segterra),
•Lonza,
•Metagenics, Inc,
•Mixfit Inc. (DSM),
•Nutrigenomix Inc.,
•Telomere Diagnostics, Inc (TeloYears),
•Orig3n,
•Pure Encapsulations,
•SDC Nutrition Inc.,
•STYRLABS,
•Vitagene,
•Vitamin Packs, Inc., and
•Zipongo.

Why to buy this report:

•The report offers changing market dynamics in the personalized nutrition industry, presenting historical, current and projected market size in terms of value (USD million)

•The research study provides an in-depth analysis of the industry value chain focusing on the peer and parent markets of personalized nutrition, such as nutrigenomics market, dietary supplements market etc.

•It presents a comprehensive assessment of geographical regions exhibiting promising growth, potential and niche segments, and a neutral perspective on the personalized nutrition market performance

•The report also offers strategic recommendations in key business segments based on the market estimations and competitive landscape, mapping the key common trends of personalized nutrition market

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