The nutrigenomics market involves the study of how foods and their components interact with a person's genes. Nutrigenomics aims to understand how nutrition affects an individual based on their genetic makeup and can help determine their specific nutritional needs. Products in this market include testing kits, databases, and personalized dietary recommendations based on DNA analysis.
The Global Nutrigenomics Market is estimated to be valued at US$ 1.3 Bn in 2024 and is expected to exhibit a CAGR of 13% over the forecast period 2024-2031.
Key Takeaways
Key players operating in the nutrigenomics market are 3X4 Genetics, Advanced Nutrigenomics, DNAlysis Biotechnology, DNA Health and Wellness, Geno Palate and Among Others. These companies provide nutrigenomics testing kits and services to help people understand their unique nutritional needs based on their genetics. The growing demand for personalized nutrition is fueling growth in this market as consumers increasingly want foods and diets customized to their DNA. As awareness increases about nutrigenomics and its health benefits, the market is expanding globally. More countries and companies are investing in research, product development and direct-to-consumer services.
Market Drivers
One of the key drivers of the nutrigenomics market is the increasing focus on preventative healthcare. As lifestyle diseases rise, people want to make proactive choices about their diets to avoid health issues. Nutrigenomics helps address the underlying genetic factors that may predispose one to certain conditions like obesity, diabetes or heart disease. Understanding these risks enables early lifestyle interventions. As genomic sequencing becomes cheaper and more widespread, nutrigenomics is positioned for continued growth in coming years by facilitating customized, gene-based nutrition.
Impact Of Geopolitical Situation On Nutrigenomics Market Growth
The current geopolitical instability and economic uncertainties across many regions are significantly impacting the growth of the global nutrigenomics market. Several factors such as conflicts, sanctions, trade restrictions and supply chain disruptions due to tensions between major countries are causing delays and compromising research activities. This is limiting collaborations, knowledge-sharing and availability of key technologies required for advancing personalized nutrition approaches. Additionally, budget cuts or shift in priorities during economic slowdowns are reducing funding for nutrigenomics research from governments and private sectors. However, rising need to address malnutrition and non-communicable diseases even in difficult times through innovative solutions is driving continued investments. Industry players must focus on diversifying their operations, establishing strategic global partnerships and decentralizing manufacturing and R&D capabilities to mitigate regional risks and sustain long-term growth. They should also explore opportunities in relatively stable markets to offset impacts.
Geographical Concentration Of Nutrigenomics Market
North America currently leads the global nutrigenomics market in terms of value, accounting for over 35% share. This is attributed to presence of several major industry players and research institutes, sizeable healthcare expenditure, growing adoption of personalized nutrition approaches and supportive regulatory environment driving clinical adoption. Europe is another major regional market, contributing around 30% share, led by countries such as Germany, United Kingdom and France. While Asia Pacific market is smaller currently compared to other regions, it is witnessing fastest uptake due lack of risk factors assessment and solutions in the region. China has emerged as a major hotspot, followed by India, due to their large populations and increasing health consciousness.
Fastest Growing Region In Nutrigenomics Market
Asia Pacific region is poised to be the fastest growing regional market for nutrigenomics globally during the forecast period. This is stimulated by rising prevalence of chronic lifestyle diseases, growing middle class population with increased discretionary spending on healthcare, substantial government initiatives promoting nutrigenomics R&D and burgeoning number of private testing clinics in countries such as China, India and Japan. In particular, China and India are likely to significantly drive the Asia Pacific market growth owing to their massive consumer bases and increasing efforts to incorporate personalized nutrition approaches into mainstream healthcare systems. Favorable regulatory approvals and awareness campaigns in these populous nations will further propel the Asia Pacific nutrigenomics market towards doubling its share by 2031.
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Author Bio:
Money Singh is a seasoned content writer with over four years of experience in the market research sector. Her expertise spans various industries, including food and beverages, biotechnology, chemical and materials, defense and aerospace, consumer goods, etc. (https://www.linkedin.com/in/money-singh-590844163 )
What Are The Key Data Covered In This Nutrigenomics Market Report?
:- Market CAGR throughout the predicted period
:- Comprehensive information on the aspects that will drive the Nutrigenomics's growth between 2024 and 2031.
:- Accurate calculation of the size of the Nutrigenomics and its contribution to the market, with emphasis on the parent market
:- Realistic forecasts of future trends and changes in consumer behaviour
:- Nutrigenomics Industry Growth in North America, APAC, Europe, South America, the Middle East, and Africa
:- A complete examination of the market's competitive landscape, as well as extensive information on vendors
:- Detailed examination of the factors that will impede the expansion of Nutrigenomics vendors
FAQ’s
Q.1 What are the main factors influencing the Nutrigenomics?
Q.2 Which companies are the major sources in this industry?
Q.3 What are the market’s opportunities, risks, and general structure?
Q.4 Which of the top Nutrigenomics companies compare in terms of sales, revenue, and prices?
Q.5 Which businesses serve as the Nutrigenomics’s distributors, traders, and dealers?
Q.6 How are market types and applications and deals, revenue, and value explored?
Q.7 What does a business area’s assessment of agreements, income, and value implicate?
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it