Nutrigenomics Market Outlook 2031
The Global Nutrigenomics Market size was USD 523.97 Million in 2022 and is anticipated to reach USD 1.99 Billion by 2031 expand at substantial CAGR 16% during the forecast period, between 2023 to 2031. Nutritional genomics is a branch of nutritional genomics used to identify the effects of genetics on nutrition.
Nutrigenomics is also used in the tailoring of nutrition as well as the assessment of food safety. The numerous breakthroughs planned in nutrigenomics will spur further progress in the fields of nutrition and food, ultimately altering the total outcome.
Nutrigenomics Market Trends, Drivers, Restraints, and Opportunities:
- The market's rise might be ascribed to a growing awareness of nutritious foods and their influence on population genetic morphology.
- Obesity's rising prevalence among the world's young and adult populations is propelling the worldwide nutrigenomics market forward.
- Athletes and sports fans are actively seeking a tailored diet, and the general public's increased inclination towards better lifestyles is helping the worldwide nutrigenomics market's rise.
- High cost, high time consumption, and lack of qualified physician is hampering the market growth.
Scope of the Nutrigenomics Market Report:
The report on the Global Nutrigenomics Market includes an assessment of the market, size, share, trends, segments, and regional markets. Overview and dynamics have been included in the report.
Attributes
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Details
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Report Title
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Nutrigenomics Market – Global Industry Analysis, Growth, Share, Size, Trends, and Forecast.
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Base Year
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2022
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Historic Data
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2016 - 2021
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Forecast Period
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2023–2031
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Segmentation
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by Application (Obesity, Cardiovascular Diseases, Cancer Research) by Product (Reagents & Kits), by Technique (Saliva, Buccal Swab, Blood),
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Regional Scope
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Asia Pacific, North America, Europe, Latin America, and Middle East & Africa
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Report Coverage
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Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
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Key Players Covered in the Report
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Nutrigenomix, BASF SE, Metagenics, Inc, Genova Diagnostics, Cell-Logic, DSM - Talking Nutrition, Unilever, Danone, GX Sciences, Inc.., geneOmbio, and others.
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Global Nutrigenomics Market Segment Insights:
The Reagent kits segment is projected to hold a significant market share
In the terms of product types, the market can be bifucated into Reagents & Kits). In the upcoming years, the rise of reagents and kits will be aided by an increase in the number of research institutes, as well as an increase in the number of nutrigenomics experiments and various analytic tests. This segment is estimated to expand at a significant CAGR during the forecast period owing to increase in R&D investment.
The Obesity segment held a substantial market share in 2020
Based on applications, the market can be fragmented into Obesity, Cardiovascular Diseases, and Cancer Research. The Obesity segment constituted a significant market share in 2020 and is projected to expand at a rapid rate during the forecast period owing to rising cases of obesity among young population and poor diet practices. Obesity is a major issue worldwide and cause disease like diabetes, heart disease and different kinds of cancer.
Saliva, Buccal Swab, and Blood segment to grow during the forecast period
Based on Technique, the market can be segregated into Saliva, Buccal Swab, and Blood. The Technique segment is expected to hold a significant share of the market during the forecast period due to the increase in Demand for these techiniques for metabolic and genetic disease diagnosis.
The North America dominates the global market
In terms of regions, the Global Nutrigenomics Market can be split into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. The North America constituted a significant share of the market in 2020 due to mergers and acquisitions conducted by key market players.
Rising demand for testing kits and specialized diets, helps in booming the market in the North America. Rise in heart disease cases in countries such as U.S. is projected to expand the market.
Segments
By Application
- Obesity
- Cardiovascular Diseases
- Cancer Research
By Product
By Technique
By Regions
- North America
- Europe
- Latin America
- Asia Pacific
- Middle East & Africa
By Key Players
- Nutrigenomix
- BASF SE
- Metagenics, Inc
- Genova Diagnostics
- Cell-Logic
- DSM - Talking Nutrition
- Unilever
- Danone
- GX Sciences, Inc.
- GeneOmbio
- Others
Competitive Landscape
Major players in the market include Nutrigenomix, BASF SE, Metagenics, Inc, Genova Diagnostics, Cell-Logic, DSM - Talking Nutrition, Unilever, Danone, GX Sciences, Inc.., geneOmbio, and others. These Big players engage in mergers & acquisitions, collaborations, agreements, and partnerships to strengthen their geographical presence.