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Nutrition Technology Platforms Market Research Report 2024-2033 | Size, Growth, Demand, Trends
Nutrition Technology Platforms Market Research
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According to The Business Research Company's, The nutrition technology platforms market size has grown rapidly in recent years. It will grow from $12.26 billion in 2023 to $14.5 billion in 2024 at a compound annual growth rate (CAGR) of 18.3%. The growth in the historic period can be attributed to rise of health-conscious consumers, increasing in digitalization, increasing number of smartphone users, increasing income of consumers, and rise of social media.
The nutrition technology platforms market size is expected to see rapid growth in the next few years. It will grow to $28.54 billion in 2028 at a compound annual growth rate (CAGR) of 18.4%. The growth in the forecast period can be attributed to growing adoption of telehealth services, increasing advancements in nutrigenomics, increasing use of blockchain for food traceability, rising demand for AI-driven meal planning, and increasing prevalence of chronic diseases. Major trends in the forecast period include technological advancements, personalized nutrition, wearable integration, machine learning, and augmented reality.
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Market Drivers and Trends:
The increasing number of lifestyle-related diseases is expected to drive the growth of the nutrition technology platform market going forward. Lifestyle-related diseases are health conditions primarily caused by daily habits and choices such as diet, physical activity, and smoking. Sedentary lifestyles, poor dietary habits, high-stress levels, and excessive consumption of processed foods drive lifestyle-related diseases. Nutrition technology platforms are essential for managing lifestyle-related diseases because they provide personalized, data-driven dietary guidance and tracking tools that help individuals make healthier choices and monitor disease prevention and management progress. For instance, in August 2022, according to a report published by the American College of Cardiology, a US-based non-profit medical association, in the United States, cardiovascular risk factors are projected to rise significantly between 2025 and 2060, with diabetes expected to increase by 39.3% to 55 million people, followed by dyslipidemia (27.6% to 126 million), hypertension (25.1% to 162 million), and obesity (18.3% to 126 million). Therefore, increasing lifestyle-related diseases is driving the growth of the nutrition technology platform market.
Major companies operating in nutrition technology platforms are developing innovative products, such as web platforms, to support overall health and wellness through data-driven insights and user-friendly interfaces. A web platform is an online system or framework that enables users to access and interact with various services, tools, and resources through the internet. For instance, in June 2024, Nestle Health Science, a Switzerland-based nutrition company, launched GLP-1 Nutrition, a new web platform to provide comprehensive nutritional support for individuals on weight management journeys, particularly those using GLP-1 medications. The GLP-1 Nutrition platform, designed for U.S. consumers, delivers comprehensive and personalized care through customized products from leading brands such as Garden of Life, Nature's Bounty, and Boost. It features expert guidance from medical professionals in weight loss, personalized nutrition coaching, and a supportive community platform. The platform covers key categories such as muscle preservation, gut health, micronutrient intake, hydration, skin and hair health, and weight rebound control, specifically addressing essential aspects of weight management for individuals using GLP-1 medications.
Key Benefits for Stakeholders:
• Comprehensive Market Insights: Stakeholders gain access to detailed market statistics, trends, and analyses that help them understand the current and future landscape of their industry.
• Informed Decision-Making: The reports provide crucial data that support strategic decisions, reducing risks and enhancing business planning.
• Competitive Advantage: With in-depth competitor analysis and market share information, stakeholders can identify opportunities to outperform their competition.
• Tailored Solutions: The Business Research Company offers customized reports that address specific needs, ensuring stakeholders receive relevant and actionable insights.
• Global Perspective: The reports cover various regions and markets, providing a broad view that helps stakeholders expand and operate successfully on a global scale.
Major Key Players of the Market:
Nestlé Health Science, Viome, Zipongo, Lumen, Precision Nutrition, Lifesum, PlateJoy, InsideTracker, Heali AI, MyFitnessPal, FatSecret, Wellory, Cronometer, EatLove, Nutritics, BetterMeal AI, Foodvisor, Nutrino, SmartPlate, Nutrisoft, Nutritionix, Nutrium
Nutrition Technology Platforms Market 2024 Key Insights:
• The nutrition technology platforms market size is expected to see rapid growth in the next few years. It will grow to $28.54 billion in 2028 at a compound annual growth rate (CAGR) of 18.4%.
• Rising Lifestyle-Related Diseases Fuel Growth Of Nutrition Technology Platform Market
• Innovative Web Platforms Transform Nutritional Support For Weight Management
• North America was the largest region in the nutrition technology platforms market in 2023
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The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.
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Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Learn More About The Business Research Company
The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.
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