The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2024 and forecasted to 2033

As per The Business Research Company’s Personalized Nutrition Global Market Report 2024, the personalized nutrition market is expected to show significant growth in the forecast period.

The personalized nutrition market is experiencing significant growth, driven by various factors and propelled by innovation. Let’s delve into the dynamics shaping this burgeoning industry.

A Booming Market

The personalized nutrition market has witnessed rapid expansion in recent years, with substantial growth projected in both historic and forecast periods:

• Historic Growth: From $14.38 billion in 2023 to $16.61 billion in 2024 at a CAGR of 15.6%.
• Forecasted Growth: Expected to reach $30.17 billion in 2028 at a CAGR of 16.1%.

Factors Driving Growth

Several key factors contribute to the remarkable growth trajectory of personalized nutrition:

• Advancements in Genomics: Understanding genetic makeup plays a pivotal role in tailoring nutrition plans.
• Health Awareness and Wellness Trends: Increasing consciousness about health drives demand for personalized solutions.
• Consumer Empowerment: Individuals seek control over their well-being, fostering the adoption of personalized approaches.
• Rise in Chronic Diseases: Growing prevalence necessitates targeted nutritional interventions.
• Food Industry Innovation: Companies innovate to meet the evolving demands of health-conscious consumers.

Prevalence Of Chronic Disease Boosts Personalized Nutrition Market

The surge in chronic diseases fuels the demand for personalized nutrition solutions:

• Chronic diseases necessitate long-term management through lifestyle changes and tailored interventions.
• Personalized nutrition addresses individual genetic makeup, health history, and current health status.
• Customized nutrition plans target specific health concerns and address nutrient deficiencies.
• For instance, in 2022, around 11.3% of the US population suffered from diabetes, highlighting the need for personalized approaches.

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Product Innovation Driving Personalized Nutrition Market

Innovation stands as a cornerstone of the personalized nutrition market’s growth:

• Companies leverage advanced technology, such as artificial intelligence, to drive innovation.
• Initiatives like Ahara Corporation’s free personalized nutrition plan democratize access to tailored dietary strategies.
• Nature’s Way’s acquisition of Baze Labs underscores the importance of evidence-based, individualized nutrition solutions.

Segmentation of the Market

The personalized nutrition market is segmented based on various factors:

1. Product Type: Includes personalized supplements, diet plans, beverages, and disease-based solutions.
2. Form: Encompasses tablets, capsules, powder, liquid, and other forms.
3. Measurement Method: Differentiates between active and standard measurements.
4. End User: Targets direct-to-consumer platforms, wellness centers, hospitals, institutions, and food delivery services.

Regional Landscape

Geographically, North America dominates the personalized nutrition market, while Asia-Pacific emerges as the fastest-growing region:

• North America: Holds the largest market share.
• Asia-Pacific: Anticipated to witness rapid growth, driven by increasing health consciousness and rising disposable incomes.

Conclusion: A Paradigm Shift in Nutrition

The personalized nutrition market reflects a paradigm shift in how individuals approach health and wellness. With technological advancements, greater awareness, and a focus on individual needs, personalized nutrition is poised to revolutionize the way we nourish our bodies. As the market continues to evolve, expect to see further innovation and expansion, catering to the diverse needs of consumers worldwide.

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The Personalized Nutrition Global Market Report 2024  provides an in-depth analysis on the personalized nutrition market size, trends and drivers, opportunities, strategies, and companies analysis. The countries covered in the personalized nutrition market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

View More Related Reports –

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