Press release
Personalized Retail Nutrition and Wellness Market to reach USD 4.57 Bn by 2029, emerging at a CAGR of 8.1 percent and forecast 2023-2029
Personalized Retail Nutrition and Wellness Market
Report Scope:
This comprehensive market research report, conducted by Maximize Market Research Pvt Ltd, Pune, India, provides valuable insights into the Personalized Retail Nutrition and Wellness Market. The report delves into market dynamics, drivers, restraints, and regional insights to offer a complete understanding of this evolving industry.
Research Methodology:
Our research methodology combines extensive data analysis, market trends, and expert insights to provide a comprehensive and accurate assessment of the Personalized Retail Nutrition and Wellness Market.
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Personalized Retail Nutrition and Wellness Market Dynamics:
The market is being driven by a global shift toward the regular use of nutritional supplements, reflecting the increasing awareness of functional foods. Factors such as rising disposable incomes and purchasing power are contributing to the surge in nutritional supplement sales. Government initiatives aimed at ensuring a steady supply of nutritional food and dietary supplements to combat nutritional deficiencies are further propelling market growth.
Major industry players are focusing on innovation and expanding their product portfolios to meet the growing demand for nutrition and wellness products. Multinational companies like Herbalife International of America Inc. have gained global recognition for their diverse range of offerings across various segments, such as core nutrition, healthy weight, specialized nutrition, energy and fitness, skin and hair care, and more.
Personalized Retail Nutrition and Wellness Market Regional Insights:
North America leads the market with a 51.2% share in 2022. This growth is attributed to the introduction of new products approved by the Food and Drug Ministry. Dominant players like Herbalife International of America, Inc., Pfizer, DowDupont, and others are employing strategies such as mergers and acquisitions to further boost market growth. For instance, Nature's Way's acquisition of Baze in 2021, which offers at-home blood tests to determine micronutrient levels for customized supplement and food plans, is expected to stimulate market growth.
The Asia Pacific region is also witnessing significant growth in the personalized retail nutrition and wellness market. The prevalence of chronic diseases such as diabetes, cardiovascular diseases (CVD), and obesity is driving demand for nutritional supplements. Partnerships between domestic and multinational companies are further propelling market growth and creating opportunities for new entrants.
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Personalized Retail Nutrition and Wellness Market Segmentation:
by Recommendation
• Dietary Supplements & Nutraceuticals
• Functional Foods
• Repeat Recommendation
• Functional Foods
• Continuous Recommendation
Personalized Retail Nutrition and Wellness Market Key Players:
• Cargill, Incorporated
• Nature's Bounty Co.
• Bayer AG
• PlateJoy
• Better Therapeutics, Inc
• Tracxn Technologies
• Viome (Habit Food Personalized, LLC)
• BitBite Inc.
• Noom, Inc.
• Savor Health
• Foodsmart, Inc.
• GLUCOVATION, INC.
• Healbe
• AIRO Health Care (Pty) Ltd.
• Nutrigenomix
• DNAfit
• BiogeniQ Inc.
• Vitagene
• Consumer Physics
• Pfizer, Inc.
• GlaxoSmithKline plc
• Herbalife International of America, Inc.
• Reckitt Benckiser Group PLC.
• DowDuPont
• Tellspec
To Know More Details:https://www.maximizemarketresearch.com/market-report/global-personalized-retail-nutrition-and-wellness-market/114758/
Table of content for the Personalized Retail Nutrition and Wellness Market includes:
1. Global Personalized Retail Nutrition and Wellness Market: Research Methodology
2. Global Personalized Retail Nutrition and Wellness Market: Executive Summary
• Market Overview and Definitions
• Introduction to the Global Market
• Summary
• Key Findings
• Recommendations for Investors
• Recommendations for Market Leaders
• Recommendations for New Market Entry
3. Global Personalized Retail Nutrition and Wellness Market: Competitive Analysis
• MMR Competition Matrix
• Market Structure by region
• Competitive Benchmarking of Key Players
• Consolidation in the Market
• M&A by region
• Key Developments by Companies
• Market Drivers
• Market Restraints
• Market Opportunities
• Market Challenges
• Market Dynamics
• PORTERS Five Forces Analysis
• PESTLE
• Regulatory Landscape by region
• North America
• Europe
• Asia Pacific
• Middle East and Africa
• South America
• COVID-19 Impact
4. Company Profile: Key players
• Company Overview
• Financial Overview
• Global Presence
• Capacity Portfolio
• Business Strategy
• Recent Developments
Key Offerings:
• Past Market Size and Competitive Landscape
• Past Pricing and price curve by region
• Market Size, Share, Size and Forecast by different segment | 2023-2029
• Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by region
• Market Segmentation - A detailed analysis by growth and trend
• Competitive Landscape - Profiles of selected key players by region from a strategic perspective
• Competitive landscape - Market Leaders, Market Followers, Regional player
• Competitive benchmarking of key players by region
• PESTLE Analysis
• PORTER's analysis
• Value chain and supply chain analysis
• Legal Aspects of business by region
• Lucrative business opportunities with SWOT analysis
• Recommendations
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