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Personalized Retail Nutrition And Wellness Market 2024-2033: Global Outlook, Industry Share, Latest Trends And Major Players
Personalized Retail Nutrition And Wellness Market
As per the report, the personalized retail nutrition and wellness market size has grown rapidly in recent years. It will grow from $3.50 billion in 2023 to $4.15 billion in 2024 at a compound annual growth rate (CAGR) of 18.3%. The personalized retail nutrition and wellness market size is expected to see rapid growth in the next few years. It will grow to $8.19 billion in 2028 at a compound annual growth rate (CAGR) of 18.6%.
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Impact Of A Healthier Lifestyle On The Personalized Retail Nutrition And Wellness Market
The increasing adoption of a healthier lifestyle is expected to propel the growth of the personalized retail nutrition and wellness market going forward. A healthier lifestyle refers to a way of life that encompasses behaviors promoting well-being, reducing disease prevalence, and increasing life expectancy. The increasing adoption of a healthier lifestyle is being driven by growing consumer awareness about the importance of nutrition, wellness, and preventive healthcare and the need to make conscious choices to improve their overall well-being. Personalized retail nutrition plays a significant role in promoting the adoption of a healthy lifestyle by providing customized dietary recommendations based on individual health goals, preferences, and nutritional needs. For instance, in May 2022, according to online survey findings of 1,005 Americans aged 18 to 80 published by the International Food Information Council, a US-based professional non-profit organization, 52% of Americans reported following a diet or specific eating pattern in the past year, marking a notable increase from 39% in 2021. Therefore, the increasing adoption of a healthier lifestyle is driving the growth of the personalized retail nutrition and wellness market.
Enhancement Of Advanced Platform With Nutrition Insights Features
Major companies operating in the personalized retail nutrition and wellness market are focusing on developing advanced technological solutions, such as digital platforms leveraging new insights tools, to deliver highly customized dietary recommendations, improve user engagement, and enhance health outcomes through data-driven strategies. A digital platform refers to online platforms, apps, or tools offering tailored guidance, data analysis, and support for individuals' health goals and dietary needs. For instance, in August 2023, Albertsons Companies, Inc., a US-based grocery store company, launched the latest digital enhancement to its Sincerely Health platform, a nutrition insights tool that measures grocery purchases based on the serving recommendations of the USDA's MyPlate guidance. The platform allows users to set nutrition goals, earn healthy points and rewards, and access comprehensive wellness management features, all conveniently accessible through 16 grocery apps and websites. The USDA's MyPlate program gives recommendations for consuming the five food groups that comprise a healthy dietary pattern, including fruit, vegetables, grains, protein sources, and dairy or fortified soy substitutes, as well as healthy eating in general. By linking a customer's loyalty account to their Sincerely Health profile, the nutrition insights tool may evaluate recent and future grocery purchases and automatically compute how many of their food items satisfy MyPlate dietary guidelines.
The personalized retail nutrition and wellness market covered in this report is segmented -
1) By Product Type: Dietary Supplements, Functional Foods, Functional Beverages
2) By Application: Male, Female, Children
3) By End-User: Hospitals And Clinics, Wellness And Fitness Centers
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Major companies operating in the personalized retail nutrition and wellness market are Archer Daniels Midland Company, Danone S.A., General Mills Inc., Cargill Incorporated, Herbalife International of America Inc., Isagenix International LLC, The Bountiful Company, Nestlé Health Science, The Hain Celestial Group Inc., Innophos Holdings Inc., Noom Inc., Thorne Research Inc., Vida Health Inc., Foodsmart, Bayer AG, Matsun Nutrition LLC, RedBrick Health Corporation, Nature's Bounty Inc., Viome Life Sciences Inc., DayTwo Inc., Glucovation Inc., Savor Health Inc., DNAfit, Consumer Physics Inc., Tellspec Inc.
Contents of the report:
1. Executive Summary
2. Personalized Retail Nutrition And Wellness Market Report Structure
3. Personalized Retail Nutrition And Wellness Market Trends And Strategies
4. Personalized Retail Nutrition And Wellness Market - Macro Economic Scenario
5. Personalized Retail Nutrition And Wellness Market Size And Growth
…..
27. Personalized Retail Nutrition And Wellness Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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