“Global Nutrigenomics Market to reach a market value of USD 1.45 Billion by 2030 growing at a CAGR of 16.6%”
The Global Nutrigenomics Market size is expected to reach $1.45 billion by 2030, rising at a market growth of 16.6% CAGR during the forecast period.
Europe, being a region with advanced healthcare infrastructure, has access to state-of-the-art technologies. Consequently, the Europe region captured $137.39 million revenue in the market in 2022. This facilitates the integration of nutrigenomics into mainstream healthcare practices, making personalized nutrition solutions more accessible to the population. Therefore, owing to these factors, the segment will witness increased growth in the upcoming years.
It explores the interaction between an individual's genetic makeup and response to specific nutrients. By understanding genetic variations, healthcare professionals can tailor dietary recommendations to meet the unique nutritional needs of each person. This approach goes beyond a one-size-fits-all model, recognizing the diversity in how people metabolize and utilize nutrients. Additionally, by analyzing an individual's genetic makeup, nutrigenomics can provide personalized risk assessments for specific lifestyle-related diseases. This information helps healthcare professionals tailor preventive strategies and dietary interventions to address each person's unique genetic vulnerabilities. Genetic factors, including lipid metabolism, blood pressure regulation, and inflammation, affect cardiovascular health. Nutrigenomics allows for personalized dietary plans that address specific genetic risk factors, contributing to the prevention of cardiovascular disorders. These aspects will drive the expansion of the market.
However, the financial burden on individual consumers seeking personalized nutrition insights through genetic testing is a major concern. As these tests often involve sophisticated technologies and specialized expertise, the expenses associated with sample collection, laboratory processing, and data interpretation contribute to the overall high cost. This financial hurdle can dissuade many potential users from exploring the benefits of nutrigenomics. The lack of widespread insurance coverage for nutrigenomic testing exacerbates the cost issue. Limited reimbursement options mean consumers often bear the full expense of these tests out of pocket. Encouraging discussions with healthcare insurers and providers to incorporate nutrigenomics into coverage plans is essential for mitigating the financial burden on individuals. Thus, these aspects can lead to decreased demand in the market.
On the basis of application, the market is divided into diabetes, cardiovascular diseases, cancer research, and obesity. The obesity segment recorded the maximum revenue share in the market in 2022. The global prevalence of obesity has been on the rise, contributing to increased interest in personalized approaches to weight management. Nutrigenomics offers a tailored strategy by considering an individual's genetic makeup to provide personalized dietary recommendations for weight control. Thus, these aspects will lead to increased demand in the segment.
Based on product, the market is segmented into reagents & kits and services. The reagents and kits segment held the largest revenue share in the market in 2022. The rising interest in personalized nutrition and understanding how genetics influence dietary responses have driven the demand for nutrigenomic testing. Reagents and kits play a pivotal role in facilitating the collection and analysis of genetic samples, allowing individuals to gain personalized insights into their nutritional needs. Hence, these aspects will boost the demand in the segment.
Based on end user, the market is divided into online platforms, hospitals & clinics, and others. In 2022, the online platforms segment witnessed a substantial revenue share in the market. Online platforms are crucial in digital marketing and education within the nutrigenomics market. Companies leverage websites, social media, and online campaigns to raise awareness, educate consumers about the benefits of nutrigenomics, and promote their services. The digital space allows for targeted marketing and efficient communication with the target audience. Thus, the segment will grow rapidly in the upcoming years.
Free Valuable Insights: Global Nutrigenomics Market size to reach USD 1.45 Billion by 2030
By region, the market is segmented into North America, Europe, Asia Pacific, and LAMEA. The North America segment procured the highest revenue share in the market in 2022. The rising awareness of the importance of personalized health and wellness has fueled interest in nutrigenomics. Consumers in North America are becoming more conscious of the impact of their genetic makeup on nutritional needs, leading to a growing demand for personalized nutrition solutions. Thus, these aspects will pose lucrative growth prospects for the segment.
| Report Attribute | Details |
|---|---|
| Market size value in 2022 | USD 430.67 Million |
| Market size forecast in 2030 | USD 1.45 Billion |
| Base Year | 2022 |
| Historical Period | 2019 to 2021 |
| Forecast Period | 2023 to 2030 |
| Revenue Growth Rate | CAGR of 16.6% from 2023 to 2030 |
| Number of Pages | 208 |
| Number of Tables | 350 |
| Report coverage | Market Trends, Revenue Estimation and Forecast, Segmentation Analysis, Regional and Country Breakdown, Porter’s 5 Forces Analysis, Company Profiling, Companies Strategic Developments, SWOT Analysis, Winning Imperatives |
| Segments covered | Product, Application, End User, Region |
| Country scope |
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| Companies Included | Genova Diagnostics, Metagenics, Inc., Nutrigenomix Inc., Unilever PLC, The Gene Box, Cura Integrative Medicine, Fagron Genomics S.L.U. (GX Sciences Inc.), Xcode Life Sciences Private Limited, DNA Life, BASF SE |
By Product
By End User
By Application
By Geography
The Market size is projected to reach USD 1.45 billion by 2030.
Rising interest in personalized nutrition are driving the Market in coming years, however, High cost of genetic testing restraints the growth of the Market.
Genova Diagnostics, Metagenics, Inc., Nutrigenomix Inc., Unilever PLC, The Gene Box, Cura Integrative Medicine, Fagron Genomics S.L.U. (GX Sciences Inc.), Xcode Life Sciences Private Limited, DNA Life, BASF SE
The expected CAGR of this Market is 16.6% from 2023 to 2030.
The Hospitals & Clinics segment is leading the Market by End User in 2022; there by, achieving a market value of $981.7.
The North America region dominated the Market by Region in 2022, and would continue to be a dominant market till 2030; there by, achieving a market value of $503.6 Million by 2030.
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