Personalized Nutrition Market To Receive Overwhelming Hike In Revenue That Will Boost Overall Industry Growth

As per the report, the global personalized nutrition industry was pegged at $14.6 billion in 2021, and is expected to reach $37.3 billion by 2030, growing at a CAGR of 11.48% from 2022 to 2030.

Rise in popularity of nutritional guidance based on individual needs and surge in obesity and unhealthy people due to fast-paced lifestyle have boosted the growth of the global personalized nutrition market. Furthermore, shift in consumer trends such as preference for high-quality nutritional food based on their nutrient profile would open new opportunities in the future.

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Almost every individual responds differently to diet, which is primarily related to the uniqueness of lifestyle, microbiome, and genetics. Personalized nutrition is a method of providing recommendations for healthy diet plans, products, and services. Furthermore, personalized nutrition is applicable to both healthy people and patients.

The rising demand for personalized solutions as a result of rising health awareness, the growing trend of digital solutions for healthcare, and the ageing population across regions are some of the major factors expected to contribute to market growth during the forecast period. Furthermore, shifting consumer trends, such as a preference for high-quality nutritional food based on their nutrient profile, are expected to encourage the development of personalized nutrition approaches, contributing to market growth.

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The global personalized nutrition industry is segmented on the basis of product type, application, end-use and region. By product type, the market has been divided into active measurement and standard measurement. By application, the market has been divided into standard supplements and disease based. By end-use, the market is further divided into direct-to-consumer, wellness & fitness center, hospitals & clinics, and institutions. By region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

The report focuses on the global personalized nutrition market trends, personalized nutrition market growth, and personalized nutrition market share for each segment, region, and country. It further highlights numerous factors that influence the market growth, such as forecast, trends, drivers, restraints, opportunities, and roles of different key players that shape the market. The report focuses on personalized nutrition market demand in various countries, presenting data in terms of both value and volume. The revenue is calculated by proliferating the volume by region-specific prices, considering the region-wise differentiated prices.

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By region, the global personalized nutrition market across North America held the lion's share in 2021, accounting for more than two-fifths of the market. However, the market across Asia-Pacific would showcase the highest CAGR of 12.76% from 2022 to 2030, owing to growing number of wellness & fitness centers and product penetration.

Major market players

BASF SE
DSM
Herbalife Nutrition
Amway
DNAfit
Wellness Coaches
Atlas Biomed
Habit, LLC
Bactolac Pharmaceutical
Balchem Corporation

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