Nutrigenomics Market – Overview
Neutrigenomics, the study of interaction of nutrient and genes is basically the Science of way food interacts with human genes. In Neutrigenomics saliva samples, are analyzed for genetic code and related risk factors for health issues such as vitamin deficiencies, high blood pressure, obesity, and Type 2 diabetes and even the lactose intolerance. Besides, the analysis is helpful determining the mechanism of the effects of nutrients or the effects of a nutritional regime. Through which, the causality or relationship between these specific nutrients and specific nutrient regimes (diets) on human health is defined. This further helps determining personalized nutrition based on genotype ultimately enabling the personalized Clinical Nutrition or dietary advice which is a therapeutic composition developed to fulfil the nutritional requirement of the patient. Clinical nutrition are used during diseases like cancer, diabetes, COPD, gastrointestinal disorders, immune system disorders and many more. Clinical Nutrition is prescribed by a physician when a patient has special nutrient needs in order to manage a disease or health condition, and the patient is under the physician’s ongoing care.
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Growing prevalence of chronic diseases like diabetes and disorders like obesity are defining the demand for dietary advice or clinical nutrition, ultimately mirroring the importance and demand for Neutrigenomics. The amount of traction Nutrigenomics as a science is gaining today, defines the expanded landscape of the Nutrigenomics market on the global platform currently.
Accrediting the phenomenal growth of the Nutrigenomics market and the potential this Science holds to evolve further and accrue the exponential market growth in the years to come, the Market Research Future, recently published a meticulous study report giving out a complete market prognosis up till 2023. In the market analysis, asserting the exponential growth prospects the market is to perceive within next six years, MRFR confirms that the global Nutrigenomics market will ascend to the market size of USD 17,313.5 million registering a whooping double digit CAGR of 16.8% during the forecast period (2017 – 2023).
WellGen Inc. (US), Metagenics, Inc. (US), Genomix Nutrition, Inc. (US), Nutrigenomix (US), NutraGene (India), etc.
Nutrigenomics Market – Competitive Analysis
The Nutrigenomics market is widely expanded and highly competitive with the presence of a numerous major and small players operating at international level and regional level around the globe. Based upon product differentiation, portfolio, and pricing these vendors are competing against each other. Furthermore, the competitive strength of these market players is dependent on product precision, product pricing, versatility and product reliability. The market will witness a fierce competition due to the expected extensions in product & service and product innovations.
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Industry/ Innovation/ Related News:
November 2017 – Irish equine science company Plusvital launched EnerGene-Q10 – . The first Nutrigenomic supplement for horses containing the compound Co-enzyme Q10 (CoQ10) It follows the publication of research showing that the genetic background of a horse has a significant influence on the production of CoQ10 in horse muscle cells.
Nutrigenomics Market – Segments
The Nutrigenomics Market can be segmented in to 4 key dynamics for the convenience of the report and enhanced understanding;
Segmentation By Products: Comprises Reagents & Kits, Services.
Segmentation by Techniques: Comprises Saliva, Buccal Swab, Blood,and others.
Segmentation by Applications: Comprises Obesity, Diabetes, Anti-Aging, Chronic Diseases and others.
Segmentation by Regions: Comprises Geographical regions – North America, Europe, APAC and Rest of the World.
Nutrigenomics Market – Regional Analysis
Considering the global scenario of the market, America dominates the global nutrigenomics market owing to the presence of huge population suffering from diabetes and obesity. North America holds the largest market share in America nutrigenomics market. According to the Centers for Disease Control and Prevention (2015), in America approximately 9.3% of the total America population is suffering from diabetes. Europe has the second largest market for the nutrigenomics which is followed by Asia Pacific. Presence of well-developed healthcare sector and high healthcare expenditure, the nutrigenomics market in Europe is growing at a CAGR of 17%. Asia Pacific is also witnessing a rapid growth in this market which is mainly due to rapidly increasing awareness of treatments, presence of huge diabetic and obese population and rising healthcare expenditure. Asia Pacific nutrigenomics market is expected to grow at a CAGR of 17.1% during the forecasted period. The Middle East & Africa is expected to have limited growth. Middle East is dominating this market by holding 64.3% of the Middle East & Africa market share.
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