What is the global market size of the Personalized Nutrition Market?

Global Personalized Nutrition Market size was valued at USD 14.6 billion in 2021 and is poised to grow from USD 17.1 billion in 2022 to USD 37.3 billion by 2030, growing at a CAGR of 11% in the forecast period (2023-2030).

Personalized Nutrition Market Size, Share, Growth Analysis, By Product(Active measurement, and standard measurement), By Application(Standard supplement, disease based, and others), By Dosage forms(Tablets, capsule, powders, liquids), By End-use(Direct-to-consumer, hospital & clinics, wellness & fitness centers, and others), By Region(North America, Europe, Asia-Pacific, Latin America), By Region - Industry Forecast 2024-2031

Report ID: SQMIG30I2151 | Region: Global | Published Date: April, 2024
Pages: 198 | Tables: 148 | Figures: 79

Personalized Nutrition Market News

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.
In January 2024, Mayo Clinic announced a partnership with Hologram Sciences to develop a Precision Nutrition Platform. This collaboration merges Mayo Clinic's protocols and expertise with Hologram's personalized nutrition infrastructure. The Precision Nutrition Platform will be implemented in clinical settings and equipped with predictive analytics capabilities. It aims to identify potential health risks based on dietary patterns and recommend preventive measures directly to patients, enabling proactive interventions.

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Global Personalized Nutrition Market size was valued at USD 16.28 billion in 2022 and is poised to grow from USD 18.15 billion in 2023 to USD 43.29 billion by 2031, at a CAGR of 11.48% during the forecast period (2024–2031).

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. 'Superior Supplement Manufacturing ', 'BASF SE', 'DNA Fit ', 'Arizona Nutritional Supplements ', 'Metagenics, Inc. ', 'Asiamerica, Ingredients ', 'Nutralliance, Inc. ', 'Barrington Nutritionals ', 'Balchem Corporation ', 'Maat Nutritionals ', 'Natures Product Inc.', 'Mixfix, Inc. ', 'DSM', 'Herbalife Nutrition', 'Wellness Coaches', 'Noho Health Inc.', 'Bactolac Pharmaceutical Inc. ', 'Foodsmart', 'DNAlysis', 'Wellcome Trust Sanger Institute Morgan Building', 'Helix'

The potential to track health data on a regular basis with wearable solutions, as well as ongoing advancements in personalized nutrition and personalized supplements, are expected to drive market growth during the forecast period.

Customers are becoming increasingly aware of ingredients that can provide nutritional content in addition to basic nutrition. Products containing adaptogens, such as immunity-boosting ingredients, are gaining popularity when it comes to selecting the right fitness and sport nutrition product.

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.

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