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Nutrigenomics Market Study with Current and Upcoming Trends, Leading Players – BASF SE, Unilever, Genova Diagnostics, Nutrigenomix, Metagenics, Cell-Logic, GX Sciences
Nutrigenomics Market
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Market Analysis: Global Nutrigenomics Market
Global nutrigenomics market is expected to rise to an estimated value of USD 28.27 billion by 2026, registering a healthy CAGR in the forecast period of 2019-2026. This rise in market value can be attributed to the rising rate of obesity and associated diseases with the same group of population.
Key Market Competitors:
Few of the major competitors currently working in the global nutrigenomics market are Koninklijke DSM N.V.; BASF SE; Unilever; Genova Diagnostics; Nutrigenomix; Metagenics, Inc.; Cell-Logic; GX Sciences, Inc.; CURA INTEGRATIVE MEDICINE; Xcode Life; The Gene Box; Orig3n; Geneus Health, LLC; NutriProCan; Seven Oaks General Hospital,part of Winnipeg Regional Health Authority and Prenetics Limited, among others.
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Market Definition: Global Nutrigenomics Market
Nutrigenomics is a field of life-science which involves testing the DNA and gene samples of individuals so that they can be provided with specially required nutrients, diet and healthcare services. This involves organizing the data based on different needs of genes tested on, and providing patients with specialized nutritional needs according to their metabolism.
Segmentation: Global Nutrigenomics Market
Nutrigenomics Market : By Product
Reagents & Kits
Services
Nutrigenomics Market : By Technique
Saliva
Buccal Swab
Blood
Others
Nutrigenomics Market : By Application
Obesity
Cardiovascular Disorders (CVD)
Diabetes
Anti-Aging
Cancer Research
Nutrigenomics Market : By Geography
North America
Europe
Asia-Pacific
South America
Middle East and Africa
Nutrigenomics Market : Drivers
Focus on advancements in the market resulting in technological advancements of proteomics, metabolomics, computation biology, genomics and bioinformatics; this factor is expected to drive the growth of the market
Growing levels of research & developments to prevent cases of cancer globally acts as a market driver
Growing concerns regarding the health of individuals resulting in need for personalized nutrition intake will also boost the market growth
Growth in the application areas of the technology uplifts the growth of this market
Nutrigenomics Market : Restraints
Requirement of large capital and resources for the implementation of this method; this factor is expected to restrain the market growth
Requirement of skilled professionals and physicians to utilize this technology and their results will hamper the market growth
Concerns regarding ethical nature of this technology also acts as a restricting factor in the growth of this market in the forecast period
Key Developments in the Market :
In April 2018, Prenetics Limited announced that they had acquired DNAFit for approximately USD 10 million. This acquisition is a strategic step for the company as they look to provide consumer-based genomic servicing and testing capabilities, as they will look to provide consumers with specially designed diets, nutrition and fitness plans
In April 2017, Genomix Nutrition announced that they had acquired Advanced Genomic’s nutrigenomic lab situated in San Antonio, Texas, United States. This acquisition will enable Genomix to provide in-house testing in a more efficient way. With the growing base of consumers and end-users, the need for better testing service is required which will be accomplished with this acquisition
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