USD 16.28 billion
Report ID:
SQMIG30I2151 |
Region:
Global |
Published Date: April, 2024
Pages:
198
|Tables:
148
|Figures:
79
Personalized Nutrition Market size was valued at USD 18.15 Billion in 2023 and is poised to grow from USD 20.23 Billion in 2024 to USD 48.26 Billion by 2032, growing at a CAGR of 11.48% during the forecast period (2025-2032).
The idea behind personalized nutrition is that one size does not fit all. We are all different individuals with unique biochemistry, metabolism, genetics, and microbiota. As a result, a specially designed personalized nutritional plan can be devised to take these factors into account in accordance with our personal eating habits, body measurements, weight, cholesterol levels, and lifestyle. Personalized nutrition is also known as "precision nutrition," "individualised nutrition," and "nutritional genomics." Personalized nutrition is the study of how food and genes connect with one another in order to create a personalized diet that meets a person's specific needs.
One of the major factors driving the growth of the personalized nutrition market is the rise in consumer preference for dietary improvements. The growing trend of people of all ages adopting a healthy and innovative lifestyle has a positive impact on the industry. As a result, individual lifestyle and changing food habits are increasing the dietary supplements in the age of personalized nutrition market size. Furthermore, advances in dietary supplement preparation, combined with superior drug formulation processes, are expected to boost the growth of dietary supplements in the age of personalized nutrition market share during the forecasting period, thereby driving the personalized nutrition market growth. However, due to certain regulations in the personalised nutrition sector is expected to impede the growth of the personalised nutrition market during the forecast period.
US Personalized Nutrition Market is poised to grow at a sustainable CAGR for the next forecast year.
Global Market Size
USD 16.28 billion
Largest Segment
Standard supplement
Fastest Growth
Standard supplement
Growth Rate
11.48% CAGR
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Personalized Nutrition Market is segmented based on product, application, dosage forms, end-use, and region. In terms of product, the Personalized Nutrition Market is segmented into active measurement, and standard measurement. In terms of application, the Personalized Nutrition Market is segmented into standard supplement, disease based, and others. Based on dosage forms, Personalized Nutrition Market is segmented into tablets, capsules, powders, liquids, and others. With respect to end-use, personalized nutrition market is segmented into direct-to-consumer, hospital & clinics, wellness & fitness centers, and others. Regionwise, the Personalized Nutrition Market is categorized into North America, Europe, Asia-Pacific, Latin America, and MEA.
Personalized Nutrition Market Analysis by Product
In terms of product, the personalized nutrition market is segmented into active measurement, and standard measurement. The active measurement segment held approximately 61% of the market in 2021 and is expected to grow at the fastest rate during the forecast period. Personalized nutrition market growth can be attributed to rising health awareness and rising trends of digital solutions for healthcare. In addition, people's busy and stressful lifestyles are raising the need for active measurement tools. Increasing food consciousness, coupled with preventive health measures through food personalization, are some of the factors expected to increase the use of active measurement, resulting in increased segment growth during the forecast period.
The standard measurement is anticipated to boost the demand, accounting for more than 46.8% of the market in 2022, and to grow at a significant rate over the forecasting period. Because the device uses standard measurement, it produces less waste in terms of the number of plastic containers saved or wasted. The use of standard measurements allows more flexibility in supplement selection while also introducing safeguards against over-supplementation.
Personalized Nutrition Market Analysis by Application
Based on application, the personalized nutrition market is segmented into standard supplement, disease based, and others. Because of changing preferences and rising awareness about individual overall health, the standard supplement segment is expected to account for the largest market share during the forecast period. Rising awareness of nutrient deficiencies and needs, which is predicted to increase demand for standard supplements.
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North America is expected to hold the largest market share during the forecast period, owing to rising consumer health awareness and high incomes. Furthermore, the United States is expected to dominate the North American personalised nutrition market in 2022, accounting for a sizable share. Personalized nutrition diets are increasingly becoming popular in a variety of industries, including food service and the media. Companies such as Chipotle and The Counter offer meal customization and promote their products through on-demand music and video platforms.
The Asia Pacific region is expected to grow at the fastest rate during the forecast period, as it did in 2022. The increased emphasis on spreading awareness about specialised dietary supplements for distinctive needs of an individual, inspiring people to opt for personalised diets based on their preferences, is driving the growth of the market.
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Personalized Nutrition Market Driver
Health Data Tracking Options will Bolster Market Demand
Personalized Nutrition Market Restraint
High Cost of Nutritional Supplements
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Global personalized nutrition market is highly competitive owing to the rise in number of players, further attributed to the increase in the number of health-conscious consumers worldwide. To maintain a competitive edge, the major industry participants are continually implementing various growth strategies. Innovations, mergers, and acquisitions, collaborations and partnerships are adopted by these players to thrive in the competitive market. In order to provide industries with the most effective and economical solutions, the major market players are also continually concentrating on R&D.
Personalized Nutrition Market Top Player's Company Profiles
Personalized Nutrition Market Recent Developments
In April 2024, C.K. McWhorter & McWhorter Family Trust, renowned for luxury and innovation in investments, embarks on a visionary project to transform the luxury wellness chateaus & resort experience. Their initiative integrates quantum computing and advanced technology, heralding a bold leap in luxury hospitality and wellness. This fusion of tradition and innovation promises unmatched experiences for discerning guests.
In February 2024, Momentous, a prominent human performance company specializing in supplementation and nutrition, revealed the acquisition of a notable minority stake by Humble Growth. Humble Growth is an investment firm committed to fostering growth and value creation for innovative companies reshaping consumer lifestyles. Co-founders Jeff Byers and Erica Good will retain their leadership roles at Momentous as CEO and President, respectively.
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected utilizing Primary Exploratory Research backed by the robust Secondary Desk research.
According to our global personalized nutrition market analysis, the growth of the Asia Pacific region is primarily due to an increase in the number of start-ups and fast-moving consumer goods companies in the personalized-nutrition market. To boost immunity for preventing health diseases, people are increasingly opting for health supplements. This health awareness is positively affecting the growth of the personalized nutrition market during the analysis period. However, the high price of personalized nutrition supplements may limit market sales.
Report Metric | Details |
---|---|
Market size value in 2023 | USD 18.15 Billion |
Market size value in 2032 | USD 48.26 Billion |
Growth Rate | 11.48% |
Base year | 2024 |
Forecast period | 2025-2032 |
Forecast Unit (Value) | USD Billion |
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 Personalized Nutrition 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 Personalized Nutrition 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 Personalized Nutrition Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Personalized Nutrition 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: SQMIG30I2151
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