USD 460 Million
Report ID:
SQMIG35H2266 |
Region:
Global |
Published Date: November, 2024
Pages:
209
|Tables:
87
|Figures:
71
Nutrigenomics Market size was valued at USD 0.46 Billion in 2023 and is poised to grow from USD 0.54 Billion in 2024 to USD 2.01 Billion by 2032, growing at a CAGR of 0.178 during the forecast period (2025-2032).
In the next years, the growing incidence of chronic illnesses is expected to impact the growth of the global nutrigenomics market. Proteomics, genomics, and metabolomics have rapidly evolved over the past ten years, and when paired with sophisticated bioinformatics, they can be widely utilized to identify diseases based on protein pathways. Considering that nutrigenomics's results have been used in treating diseases like diabetes, cancer and obesity which get influenced by what we eat it has considerably enlarged global market size (ICL Group). Nutrigenomics is a study that deals with how food affects transcripts. Put differently, nutrigenomics offers a genetic understanding of how common dietary components manipulate an individual's genetic composition by changing how their genes are expressed or structured.
The market for nutrigenomics testing may be negatively impacted by government regulations pertaining to genetic research or testing. Adoption of new rules by federal, state or municipal governments makes genetic testing and research very hard. Such laws prohibit or restrict genetic testing for purposes such as clinical management or research and impede genetic research activity. Furthermore, when it comes to enacting legislation pertaining to direct-to-consumer (DTC) testing, countries tend to be highly uneven. Therefore, laws governing genetic research activities have a negative impact on the capacity to carry out R&D and present a significant obstacle for businesses looking to market and sell nutrigenomics testing-related goods and services.
Global Market Size
USD 460 Million
Largest Segment
Diabetes
Fastest Growth
Cardiovascular Diseases
Growth Rate
16.48%
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Global Nutrigenomics Market is segmented into Product, Technique, Application, End Use, and region. By Product, the market is classified into Reagents & Kits, and Services. Depending on the Technique, it is categorized into Saliva, Buccal Swab, Blood. According to Application, the market is divided into Obesity, Cardiovascular Diseases, Cancer Research, Other. Based on End Use, the market is segmented into Hospitals & Clinics, Online Platforms, Others. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & and Africa.
Analysis by Product Type
As per categorization by product type, the market is classified as reagents & kits and services. Among these, reagents & kits earned the largest share and continue to dominate the market. The global nutrigenomics market is dominated by reagents and kits; this is due to their important role in examining genetic reactions for dietary components. Such instruments help develop precise and individual nutritional recommendations by looking at gene-nutrient interactions which lead to new ideas and large-scale acceptance. In advancing nutrigenomic research and applications, they stand out for their precision, effectiveness and ability to be scaled up.
Due to the increasing demand for personal dietary help and expert guidance, services are regarded as the most rapidly expanding category of the global nutrigenomics market. In this way, the role of customer services in nutrigenomics is essential in translating complicated genetic data into applied knowledge, which includes things such as genetic tests, reports on genes, genetic consultations and well as personalized meal plans. Moreover, since continuous personalized nutrition support and education is increasingly needed, this further accelerates growth resulting in services being a primary engine of market development.
Analysis by Application
In the global nutrigenomics market, obesity applications are leading due to innovations in personalized dietary interventions based on genetic profiles. By assessing individual genetic reactions to food ingredients, these devices make it possible to create strategies for managing weight that are focused and specific. The emphasis placed on obesity is due to its growing occurrence rate in populations and the heavy toll it takes on public wellbeing, hence there is a growing demand for solutions.
The global nutrigenomics market is anticipated to grow rapidly as diabetes applications are the fastest growing segment in a world that is witnessing an alarming increase in the number of diabetic cases and consequently the need for personalized diet management. Seasonal variations such as temperature changes will lead to changes in gene expression resulting in different nutritional requirements by individuals leading to an increase in glycaemic control hence prevention of complications. Genetic predisposition among other factors has led to increased demand for tailor made solutions hence diabetes applications are expected to act as a catalyst for growth in this sector.
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In terms of the global nutrigenomics market, North America ranks highest owing to its advanced healthcare system, high investment in R&D and strong consumer knowledge about personalized health options. The region is also home to a well-developed network of biotech firms and academic institutions that are propelling advancements in nutrigenomics. To add to this, the rising incidence of long-term ailments like diabetes and obesity has made it necessary to have personalized diet plans for patients. This has been made possible through government programs and huge investments on genetic studies. Furthermore, North America’s dominant position is also solidified by the rich population that is always willing to exercise new ways to enhance their wellbeing.
The global nutrigenomics market in Europe is growing at the highest speed on a global scale as it is now concentrating on personalized medicine and preventive healthcare more than ever before. This growth is powered by augmenting consumer awareness regarding merits of personalized nutrition, propitious paradigms for governance and backing research through funding. The growth of nutrigenomic solutions is made possible by several innovative biotechnology companies and research institutes across Europe. Furthermore, increasing cases of chronic diseases and an increasing focus on health and lifestyle management creates a demand for personalized dietary interventions making Europe a vibrant and fast-paced market in this field.
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Drivers
The global nutrigenomics market is experiencing an upsurge due to the increasing rates of chronic conditions like obesity, diabetes, and heart disease. With these health problems becoming common in society, personalized nutrition that considers individual genetic tendencies is needed, thus promoting customization of diets. The phenomenon encourages nutrigenomics as a means of prevention and management, prompting more investments to be channeled towards personalized nutrition strategies which increase market growth.
The global nutrigenomics market is being propelled significantly by the breakthroughs in genetic research and technology. Knowledge of gene-diet interactions has increased, and there are new complex genetic testing techniques that have emerged, which provide accurate and individualized nutritional information. These advancements not only contribute to the effectiveness of dietary interventions but also encourage innovation and consumer interests in nutrigenomics. The continued evolution of research opens avenues for market growth as well as the creation of targeted nutrition solutions.
Restraints
The effectiveness of personalized nutrition interventions lacks sufficient scientific evidence for the global nutrigenomics market faces challenges. Although the research is promising, there is no extensive clinical validation or large-scale studies that show the long-term benefits of such solutions. Therefore, many people have doubts while some health care professionals are skeptical which effects of acceptability and use of nutrigenomic solutions in general.
Concerns about privacy and protection of data are primary stumbling blocks in the global nutrigenomics market. Since genetic information is extremely delicate, there are fears about individual data privacy protection and misuse probability. More stringent rules and better security measures should be put in place to deal with these issues while winning consumer confidence as well. Without well-founded protections for data this may inhibit the development of the market and its uptake.
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In the competitive landscape of global nutrigenomics market, the main players are utilizing progress in genetic research and personal nutrition. Major foreign firms like Nutrigenomix, 23andMe and DNAfit are leading the way in providing cutting-edge genetic tests and personal dietary plans. In response to the unabating need for personalized nutrition, the corporations use technology innovation, joint research ventures and growth of services as tools for competition. Their planned actions stimulate market expansion as well as improve accessibility of individualized health solutions to consumers.
Top Player’s Company Profiles
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
As per SkyQuest analysis, In the coming years, the global nutrigenomics market is set to grow substantially due to the rising incidence of chronic diseases and advancements in genetic research. Innovations in proteomics, genomics, and metabolomics, combined with sophisticated bioinformatics, are enabling precise identification and treatment of diseases influenced by diet, such as diabetes, cancer, and obesity.
Nonetheless, there are government regulations about genetic testing which are strict thus hindering research thereby limiting commercial chances (Grunewald et al., 2015). Nevertheless, this market is supported by increasing uses of nutrigenomics in personalized nutrition owing to following rapid changes in forms of products and regional expansion (Sinha & Sinha, 2016).
Report Metric | Details |
---|---|
Market size value in 2023 | USD |
Market size value in 2031 | USD 1 |
Growth Rate | 17.50% |
Base year | 2023 |
Forecast period | 2024-2031 |
Forecast Unit (Value) | USD Class="NormalTextRun |
Segments covered |
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Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
Companies covered |
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Customization scope | Free report customization with purchase. Customization includes:-
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Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Nutrigenomics Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Nutrigenomics Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Nutrigenomics Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Nutrigenomics Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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Report ID: SQMIG35H2266
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