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. Aging of the cells occur because of accumulation of free radicals formed due to improper diet and lack of nutrition to the cells. Beside this, pollution, stress, food, etc. are also responsible for causing aging of the cells. Nutrigenomics has found its application in the field of dermatology.
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%
Nutrigenomics has made it possible to identify the specific causes that result in skin aging and thus by taking appropriate preventive measures, the onset of aging and the formation of wrinkles can be delayed. Nutrigenomics are used in the diagnosis of different diagnostic metabolic diseases. Diseases like diabetes, obesity, and many other genetic diseases can be diagnosed by this method. Diabetes and obesity is one of the major problems across the globe.
The global nutrigenomics market is growing at a very reasonable pace. The market is expected to grow at the CAGR of 16.8% during the forecast period. Continuous research in the field of nutrigenomics has helped to introduce new and better methods for diagnosis and treatment of these diseases that has supported the growth of the market. According to a recent study report published by the Market Research Future, The global nutrigenomics market is booming and expected to gain prominence over the forecast period growing rapidly. The market is forecasted to demonstrate a spectacular growth by 2023, surpassing its previous growth records in terms of value with a striking CAGR during the anticipated period (2017 – 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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Considering the global scenario of the nutrigenomics market, there are four main regions: America, Europe, Asia Pacific, and the Middle East & Africa.
America accounts for the largest market owing to the presence of huge patient population suffering for diabetes and obesity. A well-developed healthcare sector and high healthcare spending has also provided a push for the growth of the market. America consists of two regions namely, North America and South America. North America is the major market share holder.
Europe holds the second largest market share in global nutrigenomics market. Some major factors that attribute the growth of Europe nutrigenomics market are, rise in prevalence of metabolic diseases and government support for researched development. Germany, France and UK are the major contributor in the Europe nutrigenomics market.
Asia Pacific is the fastest growing market. Improving healthcare infrastructure, presence of huge patient population, rising awareness about nutrigenomics has driven the growth for this market in Asia Pacific. However, the Middle East & Africa accounts for the lowest share in the global nutrigenomics market.
1. Report Prologue
2. Market Introduction
2.2 Scope of the Study
2.2.1 Research Objective
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3. Research Methodology
3.2 Primary Research
3.3 Secondary research
3.4 Market Size Estimation
4. Market Dynamics
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