Press release
Overview of Segmentation, Market Dynamics, and Competitive Landscape in the Personalized Nutrition Market
Personalized Nutrition
Personalized Nutrition Market Size and Growth Outlook Through 2029
The personalized nutrition market is poised for substantial expansion, projected to reach $34.76 billion by 2029. This growth corresponds to a compound annual growth rate (CAGR) of 16.2% during the forecast period. Several factors are contributing to this upward trend, including the integration of healthcare initiatives with wellness programs, the application of behavioral insights, increasing regulatory backing and standards, growth of direct-to-consumer distribution channels, and a rising consumer preference for customized nutrition. Important developments shaping the market include heightened health consciousness, progress in genomic research, use of wearable devices and health trackers, shifts in consumer behavior, and the introduction of personalized food products.
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Key Companies Leading the Personalized Nutrition Sector
Several prominent organizations are driving innovation and growth within the personalized nutrition industry. These major players include BASF SE, Koninklijke DSM N.V., Herbalife Nutrition Ltd., Amway Corporation, DNAfit Life Sciences Limited, Wellness Coaches USA LLC, Atlas Biomed Group Limited, Persona Nutrition Inc., Nutrigenomix Inc., Viome Life Sciences Inc., BiogeniQ Inc., 23andMe Inc., NutraGene Inc., Nutrahacker LLC, GenoPalate Inc., Nutri-Genetix LLC, GX Sciences LLC, Pathway Genomics Corporation, DnaNudge Limited, Toolbox Genomics LLC, and NutriHealth Systems Private Limited.
In a recent development, US-based company Tangelo acquired Diet ID in September 2023 for an undisclosed amount. This acquisition is intended to enhance Tangelo's product portfolio, broaden its customer reach, incorporate new technological capabilities, and strengthen overall service offerings. Diet ID specializes in personalized nutrition solutions, complementing Tangelo's existing expertise.
Emerging Trends Shaping Innovation in Personalized Nutrition
Product innovation remains a central trend fueling interest in personalized nutrition. Leading companies in the market are leveraging advanced technologies such as artificial intelligence to maintain a competitive edge.
For example, in June 2023, Ahara Corporation, a US-based precision nutrition firm, launched a free version of its personalized nutrition plan called the Ahara Basic free plan. This move highlights Ahara's commitment to democratizing access to science-backed nutritional guidance, enabling individuals to proactively manage their health through customized dietary recommendations. The Basic Plan provides users with insights into key nutrient requirements based on answers to a scientific questionnaire, along with practical advice, without the need for costly in-person consultations. This approach broadens access to personalized nutrition for a wider audience.
View the full personalized nutrition market report:
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Detailed Segmentation of the Global Personalized Nutrition Market
This report breaks down the personalized nutrition market into several key segments for a clearer understanding:
1) By Product Type: Personalized Supplements, Personalized Diet Plans, Personalized Beverages, and Disease-Based Products
2) By Form: Tablets, Capsules, Powder, Liquid, and Other Forms
3) By Measurement Method: Active Measurements and Standard Measurements
4) By End User: Direct-To-Consumer, Wellness and Fitness Centers, Hospitals and Clinics, Institutions, and Food Delivery Services
Further subcategories include:
- Personalized Supplements: Vitamins and Minerals, Protein Supplements, Herbal Supplements, Omega Fatty Acids, Probiotics, and Custom Formulations
- Personalized Diet Plans: Weight Management Plans, Athletic Performance Plans, Health Condition-Specific Plans, Meal Delivery Services, and Customized Recipes
- Personalized Beverages: Functional Drinks, Nutritional Shakes, Custom Tea or Coffee Blends, and Infused Water
- Disease-Based Products: Focused on Diabetes Management, Cardiovascular Health, Digestive Health, Weight Loss, and Immune Support
This comprehensive segmentation helps identify specific market niches and allows businesses to tailor their offerings to meet diverse consumer demands effectively.
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