Personalized Nutrition Market Size, Share, Analysis, Trends and Strategies 2024-2032 | Amway (U.S.), Herbalife International of America, Inc. (U.S.), DSM SE (Netherlands), Metagenics (U.S.)

The global personalized nutrition market was valued at USD 11.88 billion in 2023. It is projected to expand from USD 13.45 billion in 2024 to USD 46.87 billion by 2032, registering a CAGR of 16.84% throughout the forecast period. In 2023, North America held the highest market share in personalized nutrition at 35.77%.

Personalized nutrition is an evolving concept that customizes nutritional supplements for individuals based on their genetics, lifestyle habits, and lab-test results. Advancements in technology within the supplement industry are greatly influencing the rapid transformation of the global landscape. Rising disposable incomes, increased consumer spending on health and wellness products, and growing awareness about disease-specific supplements are expected to significantly elevate the popularity of personalized nutrition. The entry of new market players, along with product launches and merger & acquisition activities, is anticipated to drive market growth over the forecast period.

Fortune Business InsightsTM has presented this information in its report titled, "Personalized Nutrition Market, 2024-2032".

➤ Get Sample PDF Brochure: https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/personalized-nutrition-market-106054

➤ List of Key Players Mentioned in the Report:
• Amway (U.S.)
• Herbalife International of America, Inc. (U.S.)
• DSM SE (Netherlands)
• Metagenics (U.S.)
• Nestle Health Science (Switzerland)
• Viome Life Sciences, Inc. (U.S.)
• Bayer AG (Germany)
• Harbin Pharmaceutical Group Co., Ltd (GNC Holdings Inc.,) (U.S.)
• DNAFit (U.K.)
• Zoe Nutrition Private Limited (India)

➤ Segmentation:
• Capsules Segment Leads Due to Packaging Convenience
By form, the market is segmented into capsules, powder, tablets, liquid, and others. The capsules segment holds a leading share globally, attributed to benefits such as ease of packaging and cost-effectiveness.

• Standard Supplements Segment Dominates Owing to Physical Endurance Benefits
In terms of application, the market is divided into disease-based supplements and standard supplements. The standard supplements segment holds a significant share due to rising demand for products that support physical endurance, mental wellness, and immune health.

• Active Measurement Segment Secures Largest Share Due to High Accuracy
Based on product type, the market is split into standard measurement and active measurement. The active measurement segment commands a substantial share of the global market, driven by greater efficiency and accuracy compared to standard measurement alternatives.

• Adults Segment Leads Due to Rising Demand for Personalized Nutrition
On the basis of end-user, the market is categorized into geriatrics, pregnant women, and adults. The adults segment holds the dominant position due to high demand for personalized nutritional supplements aimed at achieving fitness-related goals.

• Wellness & Fitness Centers to Record Fastest CAGR Owing to Growing Influence
By distribution channel, the market includes wellness & fitness centers, direct-to-consumers, hospitals, and others. The wellness & fitness centers segment is expected to witness the highest CAGR during the forecast period, fueled by increasing influence among younger consumers and strong recommendations from fitness professionals.
The personalized nutrition market is analyzed geographically across North America, Europe, Asia Pacific, South America, and the Middle East & Africa.

➤ Report Coverage:
The report provides detailed insights into the global market landscape based on segmentation by form, product type, application, distribution channel, end-users, and region. It also examines the competitive environment and the strategic initiatives adopted by major players to reinforce their market positions.

➤ Ask for Customization: https://www.fortunebusinessinsights.com/enquiry/ask-for-customization/personalized-nutrition-market-106054

➤ Drivers and Restraints:
Supportive Government Programs to Boost Market Expansion
The implementation of favorable government initiatives is expected to enhance product demand and drive the personalized nutrition market. Governments are also offering financial assistance to emerging players. For example, in July 2021, South Korea's Ministry of Food & Drug Safety introduced the Sandbox project to support the launch of new retail stores.
However, the lack of a uniform regulatory framework could potentially limit market growth.

➤ Regional Insights:
North America Leads with High Investment Activity
North America accounts for the largest share of the market due to increased funding for research, development, and product innovation. In 2023, the market in this region was valued at USD 4.25 billion.
Meanwhile, Asia Pacific is set to witness the fastest growth rate during the forecast period, driven by the rise of health-conscious consumers and the emergence of new startups focused on wellness.

➤ Competitive Landscape:
Key Players Focus on Strategic Moves to Strengthen Market Presence
The market features several prominent and mid-sized players. Major companies are actively implementing strategies such as the development and release of improved personalized nutrition solutions. These efforts are aimed at gaining a competitive edge and reinforcing market standing.

➤ Inquire Before Buying This Report: https://www.fortunebusinessinsights.com/enquiry/enquiry/personalized-nutrition-market-106054

➤ Key Industry Development:
In November 2022, Viome Life Sciences announced the acquisition of Naring Health. The acquisition also includes Foodome and DiscernDX under the Naring Health umbrella. This strategic move is expected to usher in a new era of personalized nutrition.

➤ Read Related News:
Tuna Fish Market: https://www.fortunebusinessinsights.com/industry-reports/tuna-fish-market-100744
Hot Sauce Market: https://www.fortunebusinessinsights.com/industry-reports/hot-sauce-market-100495

➤ Contact Us:
Fortune Business InsightsTM Pvt. Ltd.
9th Floor, Icon Tower,
Baner, Pune-411045,
Maharashtra, India.
Phone:
U.S.: US +1 833 909 2966 (Toll Free)
UK +44 808 502 0280 (Toll Free)
APAC +91 744 740 1245
Email: mailto:sales@fortunebusinessinsights.com

➤ About Us:
Fortune Business InsightsTM offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. We tailor innovative solutions for our clients, assisting them to address challenges distinct to their businesses. Our goal is to empower our clients with holistic market intelligence, giving a granular overview of the market they are operating in.

This release was published on openPR.