Nutrigenomics Market Shows Highest Growth Potential of 16.8% by 2023

Market Research Future adds new report of “Nutrigenomics Market Research Report - Global Forecast till 2023” it contains Company information, geographical data and Table of Content

Competitive Analysis:

Some of the major players in this market are:

• WellGen Inc. (US)
• Metagenics Inc. (US)
• Genomix Nutrition Inc. (US)
• Nutrigenomix (US)
• NutraGene (India)
• XCODE Life Sciences Pvt. Ltd. (India)
• Cura Integrative Medicine (Australia)

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Market Segments:

Global nutrigenomics market has been segmented on the basis of products, techniques and application.

• On the basis of Products, the market is categorized into reagents & kits, services

• On the basis of Techniques, the market is segmented into saliva, buccal swab, blood

• On the basis of Application the market is segmented into obesity, diabetes, anti-aging, chronic diseases

Market Highlight:

Neutrigenomics is a branch of nutritional genomics which is used to identify the effect of genetics on the nutrition. It has facilitated a new approach towards nutrition research. Nutrigenomics is the area of nutrition that uses molecular tools to search, access, and understand the several responses obtained from a certain diet. By determining the mechanism of the effects of nutrients, it helps in identifying the relationship between these specific nutrients on human health. These techniques are used to identify the mechanism of the different metabolic diseases and ultimately helps in prescribing the proper treatment of diseases. This technique aims at developing an understanding of relationship of whole body response and food via the effect of a single gene/single food compound relationships. Neutrigenomics is widely used in identifying the causes of aging of the cells. Neutrigenomics not only find its application in healthcare sector but also in food & beverages.

The market for neutrigenomics has been on rise over the past few years. Based on MRFR analysis, the global neutrigenomics market is growing at the healthy CAGR of around 16.8% and is expected to reach approximately USD 17,313.5 million by 2023. Neutrigenomics is used in nutritional research from last few decades. The growth and innovation in the market will still continue to evolve in future. Neutrigenomics is a new technique and so limited range of products are available in the market.

Key Findings:

• Obesity segment accounts for the largest market share in the global nutrigenomics market while diabetes segment is projected to grow at a CAGR of 17.1% during the forecast period from 2017 – 2023.

• Reagents and kits segment accounts for the largest market share in the global nutrigenomics market by products, this segment is expected to reach USD 10,138.7 in 2023

• Americas market is expected to reach USD 6,316.4 by 2023

Intended Audience:

• Nutrigenomics Products Manufacturers
• Nutrigenomics Products Providers
• Medical Research Laboratories
• Research and Development (R&D) Companies
• Market Research and Consulting Service Providers
• Potential Investors

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Regional analysis of global nutrigenomics market:

In 2016, Americas dominated the global nutrigenomics market owing to the presence of well-developed technology and large number of patients suffering from metabolic and cardiovascular diseases. 37.4% of total neutrigenomics market share belonged to the Americas and is expected to maintain its leading position during the forecast period (2017-2023). Europe accounted for the second largest market, followed by Asia Pacific. According to the World Health Organization (2014), in Europe 30%-70% people are overweight of which 10-30% are obese. Presence of large obese population and continuously growing diabetic population has boosted the growth of the market in Europe.

On the other hand, Asia Pacific is the fastest growing market due to presence of huge opportunities for the development of the market and rapidly developing economies; this is due to low labour cost in the developing countries like India and China, which attracts the foreign investors. The Middle East & Africa owned the lowest market share due to limited development of the technology in Africa region.

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This release was published on openPR.