The Global Nutrigenomics Market has been evaluated as a speedily growing market and it is expected to grow continuously during forecasted period. Nutrigenomics is the study of interaction of nutrition and genes. It is used to diagnose the exact mechanism of different metabolic diseases such as diabetes and obesity. According to WHO (2014), the number of people with diabetes was approximately 422 million.
The Global Nutrigenomics Market was around USD 4,860.2 million in 2016 and is expected to reach USD 17,313.5 million by 2023 which is a projected CAGR of 16.8%
Increasing prevalence of metabolic diseases, rising obese population, and increasing application of neutrigenomics in dermatology has driven the growth of the market. Moreover, increasing healthcare expenditure, government support for research & development and advancement in technology has fueled the market growth. On the other hand, high cost of the treatment may slow the growth of the market.
Taste the market data and market information presented through more than 96 market data tables and figures spread over 94 pages of the project report. Avail the in-depth table of content TOC & market synopsis on “Nutrigenomics Market Research Report–Global Forecast to 2023.”
Global Nutrigenomics Market – Competitive Analysis
DSM (Netherlands), Unilever (U.S.), Genova Diagnostics (U.S.), WellGen Inc. (US), Metagenics, Inc (US), Genomix Nutrition, Inc. (US), Nutrigenomix (US), NutraGene (India), XCODE Life Sciences Pvt. Ltd. (India), Cura Integrative Medicine (Australia) are some of the prominent players at the forefront of competition in the Global Nutrigenomics Market and are profiled in MRFR Analysis.
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Nutrigenomics offers a tremendous opportunity for biomedical scientists as it helps them in understanding nutrition and genetic factors governing a particular disease. A number of different factors are coming together that offer the chance to make nutrigenomics a major new area of research. It became possible to do large-scale clinical trials on specific topics in the field of nutrition, which will open new doors of opportunities for nutrigenomics research. Moreover, major players are launching their products in the market making it more competitive.
For instance, companies like in April 2017, Genomix Nutrition launches 55 gene nutrigenomic testing platform. It is the advanced version of 26 SNP test. The company believes that this test will provide an in-depth understanding of an individual’s genetic makeup and how that impacts their overall health and wellbeing
Moreover, in April 2017, Genomix Nutrition also acquired San Antonio Nutrigenomic laboratory for genetic testing. This acquisition will help the company to deliver quicker test results to patients. It will also improve operational efficiencies, ensuring that the company’s nutrigenomic tests remain affordable and accessible to patients and providers.
Additionally, February 2016, Metagenics announces an educational collaboration with ReachMD to provide evidence based learnings in clinical nutrition and lifestyle medicine to improve patient management and reduce healthcare utilization.
Furthermore, in May 2016, Genomix Nutrition, Inc. launches nutrigenomic testing platform (26 SNPs test) and empowers providers with the ability to provide nutritional support based on an individual’s DNA.
Therefore, the growing innovations in the field of nutrigenomics and rising launches of various the competitive products by the major players has spurred the growth of the market.
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Global nutrigenomics market has been segmented on the basis of products, techniques and application. On the basis of products, the market is categorized into reagents & kits, services. On the basis of techniques, the market is segmented into saliva, buccal swab, blood, others. On the basis of application the market is segmented into obesity, diabetes, anti-aging, chronic diseases.
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