Nutrigenomics Testing Market Increasing Burden of Lifestyle Disorders and Gaining Popularity of Personalised Diet

According to Precision Business Insights (PBI), the latest report the global nutrigenomics testing market is expected to be worth USD 489.1 million in 2022 and projected to grow at a 13.9% CAGR during the forecast period 2023-2029. The growing popularity of individualised diets will drive up demand for nutrigenomic testing kits, boosting market growth in the coming years. People in affluent economies are increasingly turning to customized diets to keep active and healthy. Furthermore, a change in lifestyle and the consumption of junk food leads in a variety of deficiencies and chronic diseases. Nutrigenomic testing is a novel technique that assesses an individual's reaction to drinks, meals, and supplements, allowing doctors to manage their patients' cardiometabolic health and dietary intolerances. However, a strict regulatory environment may limit market expansion to some extent.

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The reagents and kits Segment is Dominating the Nutrigenomics Testing Market
The reagents and kits segment are expected to account for a larger revenue share and the market is expected to grow at double digit growth rate over the forecast years owing to expanding research base in molecular biology has driven the usage of biotechnology reagents & kits over the past few years. The field of genomic sequencing has also witnessed several technological advancements over the recent years.

The nutrigenomics testing market is segmented based on product type, application, distribution channel and geography.
Based on the Product Type, the market is segmented into the following:
• Reagents and Kits
• Services

Based on the Application, the market is segmented into the following:
• Obesity
• Diabetes
• Cancer
• Cardiovascular Diseases
• Others

Based on the Distribution Channel, the market is segmented into the following:
• Hospitals and Clinics
• Online Platform
• Others

Based on Geography, the market is segmented into the following:
• North America
• Europe
• Asia Pacific
• Latin America
• MEA

Asia Pacific Leads Nutrigenomics Testing Market:
Asia Pacific is expected to hold significant market share in the global nutrigenomics testing market and is projected to grow at a prominent growth rate over the forecast years owing to Changing lifestyle and lack of exercise is resulting in numerous disorders and deficiencies. Increasing disposable income will rise the adoption of nutrigenomics testing in the region. Aforementioned factors will create demand for nutrigenomics test to maintain healthy lifestyle that will escalate regional growth over the forecast timeframe.

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Strategic New Product Launches, Mergers, Acquisitions and Agreements are the key strategies adopted by market players:
The global nutrigenomics testing market further reveals that the key players increasingly adopting strategies such as launch of newer products, product launches, and long-term alliance to improve market revenue share and gaining significant geographic presence across the region.

Key player's profiles in the nutrigenomics testing market report are Holistic Heal, GeneLink, Cura Integrative Medicine, Nutrigenomix, GX Sciences, Interleukin Genetics, NutraGene, Metagenics, Pathway Genomics, Salugen, Genelex, Gene Box, Xcode Life and Sanger Genomics.

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This release was published on openPR.