Global Personalized Nutrition Market

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 Insights

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).

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.

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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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Global Personalized Nutrition Market

Report ID: SQMIG30I2151

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