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Personalized Nutrition in the Next Generation Market Wellness on Your Terms

05-29-2024 07:09 PM CET | Advertising, Media Consulting, Marketing Research

Press release from: InsightAce Analytic Pvt.Ltd

/ PR Agency: InsightAce Analytic Pvt.Ltd
Personalized Nutrition in the Next Generation Market Wellness

Next-Generation Personalized Nutrition Market to Record an Exponential CAGR by 2030 - Exclusive Report by InsightAce Analytic

InsightAce Analytic Pvt. Ltd. announces the release of a market assessment report on the "Global Next-Generation Personalized Nutrition Market- by Service (Questionnaire/Survey Based, Wearables and Apps, Home Test Kits, and Others (Consultation, etc.)), Application (Biomarkers/ Diagnostic and Monitoring Tools, Genetics/ Nutrigenomics, Microbiome/Next Generation Probiotics, and Physical Traits & Lifestyle Based Solution), Trends, Industry Competition Analysis, Revenue and Forecast To 2030."

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As per the most recent study conducted by InsightAce Analytic, the global market for Next-Generation Personalized Nutrition is anticipated to exhibit a compound annual growth rate (CAGR) of 12.3% over the projected period of 2022-2030. Personalized nutrition has been increasingly popular in recent years, as dietary pattern evaluation provides a more consistent and organized means of enhancing health.

Personalized nutrition strategies are based on modifying dietary recommendations or suggestions to improve our well-being and reduce the risk of chronic conditions such as heart disease, type 2 diabetes, and obesity. For instance, some people select a diet with the most minor adverse effects on the environment, while others include foods specifically designed to promote good skin, nails, and hair. The number of unwell people due to fast-paced lifestyles and rising obesity rates has led to an increase in the global need for next-generation tailored nutrition.

Potential avenues for growth could also come from shifts in consumer behaviour, such as a preference for nutrient-dense, high-quality meals. During the pandemic, the industry had favourable development because many customers perceived tailored nutrition as a defence against chronic diseases like diabetes, hypertension, and cardiovascular disease.

Consequently, there are now more Covid-19 patients, which has led to an increase in R&D expenditure. Furthermore, as the pandemic progressed, there was an increase in demand for vitamins, minerals, supplements, and products that promote immunity and overall health, which aided in market expansion. The market for Next-Generation Personalized Nutrition is expected to grow due to growing health concerns and strategic partnerships among industry players. Furthermore, it is anticipated that changing customer preferences, such as a predilection for foods with high nutritional content, would promote the creation of customized nutrition plans and aid in market expansion.

Over the projected years, North America is expected to contribute significantly to the Next-Generation Personalized Nutrition market. One crucial element propelling the market expansion in this region is the growing consumer awareness of their health. Significant providers of customized nutrition already operate in this area, which is expected to support the market's expansion. There has been a rise in the area's obesity rates. Additionally, changing dietary habits, an ageing population and greater awareness of personalized and modified diets will likely drive considerable growth in the Asia Pacific Next-Generation Personalized Nutrition market throughout the forecast period.

Major market players operating in the Next-Generation Personalized Nutrition market include DNAFit, Flavourspace B.V., FoodMinds, Freshly, GenBiome, GenoPalate, Glucovation, Habit food personalized, Healbe Corporation, InsideTracker, Ixcela, Lifefuels, Arborvitae, Baze, BiogeniQ, Bitbite, Datassential, Day Two Ltd., Loewi, Mixfit Inc., myDNAhealth, Noom, Inc., Nutrigenomix, Nutrino, Onegevity Health, Onex Corporation, Pathway Genomics, STYR, Suggestic, Tespo, Tivity Health, Viome, Inc., Vydiant, WellnessFX, Inc., Whisk, Zipongo, Amazing Food Solution, Inc., Phynova Group Limited, PlateJoy, Inc., Shopwell, SmartPlate, Spoon Guru, Atlas Biomed Group Ltd., Caligenix, Drawbridge Health, Inc., Food Gene & Me, Molecular You Corp., Sundose, O2 Studio, Geneplanet, DNApa,

Eurogenetica Ltd., and other prominent players.

Recent collaborations and agreements in the market:

• In November 2019, AVA (Boston, MA), which offers a digital personalized nutrition platform that provides nutrition and coaching suggestions throughout the health and wellness categories, was bought by DSM (Netherlands). The nutrition strategy of DSM includes personalized nutrition as a core component. It combines previously announced partnerships and investments across crucial competencies, including platforms for delivering tailored food, like Panaceutics, Mixfit, and Tespo. AVA is already offered in the US and Europe and is easily adaptable to many different use cases.

• In October 2019, to suit the individualized nutritional needs of the North American region, Herbalife Nutrition (US) introduced relaxing tea and new immune elements that contain EpiCor. This improves the company's line of individualized nutrition products.

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Market Segments
Global Next-Generation Personalized Nutrition Market, by Service, 2022-2030 (Value US$ Mn)

• Questionnaire/Survey Based
• Wearables and Apps
• Home Test Kits
• Others (Consultation, etc.)

Global Next-Generation Personalized Nutrition Market, by Application, 2022-2030 (Value US$ Mn)

• Biomarkers/ Diagnostic and Monitoring Tools
• Genetics/ Nutrigenomics
• Microbiome/Next Generation Probiotics
• Physical Traits & Lifestyle Based Solution

Global Next-Generation Personalized Nutrition Market, by Region, 2022-2030 (Value US$ Mn)

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa

North America Next-Generation Personalized Nutrition Market, by Country, 2022-2030 (Value US$ Mn)

• U.S.
• Canada

Europe Next-Generation Personalized Nutrition Market, by Country, 2022-2030 (Value US$ Mn)

• Germany
• France
• Italy
• Spain
• Russia
• Rest of Europe

Asia Pacific Next-Generation Personalized Nutrition Market, by Country, 2022-2030 (Value US$ Mn)

• India
• China
• Japan
• South Korea
• Australia & New Zealand

Latin America Next-Generation Personalized Nutrition Market, by Country, 2022-2030 (Value US$ Mn)

• Brazil
• Mexico
• Rest of Latin America

Middle East & Africa Next-Generation Personalized Nutrition Market, by Country, 2022-2030 (Value US$ Mn)

• GCC Countries
• South Africa
• Rest of Middle East & Africa

Why should buy this report:
 To receive a comprehensive analysis of the prospects for the global Next-Generation Personalized Nutrition market
 To receive an industry overview and future trends of the Next-Generation Personalized Nutrition market
 To analyze the Next-Generation Personalized Nutrition market drivers and challenges
 To get information on the Next-Generation Personalized Nutrition market value (US$Mn) forecast to 2030
 Significant investments, mergers & acquisitions in the Next-Generation Personalized Nutrition market industry

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InsightAce Analytic Pvt. Ltd.
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About Us:
InsightAce Analytic is a market research and consulting firm that enables clients to make strategic decisions.
Our qualitative and quantitative market intelligence solutions inform the need for market and competitive intelligence to expand businesses.
We help clients gain a competitive advantage by identifying untapped markets, exploring new and competing technologies, segmenting potential markets, and repositioning products.
Our expertise is in providing syndicated and custom market intelligence reports with an in-depth analysis with key market insights in a timely and cost-effective manner.

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