The intensive study into the interactions of nutrition and genes and their ability to treat and remedy various conditions is expected to boost the market for nutrigenomics. Market reports connected with the healthcare industry have been offered by Market Research Future which makes reports on other industry verticals that aims to analyze the current market scenarios better. The market is anticipated to observe a CAGR of 16.8% and achieve revenues worth USD 17,313.5 million in the duration of the forecast period.
The rising level of spending power and increased awareness of healthy practices is expected to be a major stimulus for the expansion of the nutrigenomics market. Furthermore, an escalating level of research into the applications and other potential benefits that can be derived from nutrigenomics are expected to provide increased opportunities for progress in the upcoming forecast period.
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The employment of product differentiation has led to a favorable product differentiation scenario that is complementing the market’s growth. The participants in the market are trying to establish several USPs that will enable them to capture a more substantial share of the market. Additionally, the vertical additions and product tactics of the market is increasing the potential for the market players. The analysis of the market observes that the market is poised for an accelerated growth rate in the forthcoming years. Improved approachability to various resources and capabilities is projected to compel the growth of the market in the imminent forecast period. The use of successful strategy execution techniques is estimated to have a positive effect on the future growth of the market.
Metagenics, Inc (US),
WellGen Inc. (US),
Genomix Nutrition, Inc. (US),
XCODE Life Sciences Pvt. Ltd. (India),
NutraGene (India), and
Cura Integrative Medicine (Australia).
Sep 2018 Nutrigene, a startup uniting the vitamin business with another lucrative aspect of revenue in consumer DNA analysis. Nutrigene will use an individual’s genes to create tailor-made liquid vitamin supplements created on a lifestyle quiz and an individual’s DNA.
Nov 2018 Prenetics, a top genetic testing and digital health company has announced the launch of Circle, which is a consumer DNA testing platform. The platform currently offers cancer DNA test and nutrigenomics tests.
The segmental analysis of the nutrigenomics market has been segmented on the basis of products, region, techniques, and application. On the basis of products, the nutrigenomics market is segmented into services and reagents & kits. Based on the techniques, the nutrigenomics market is segmented into saliva, buccal swab, blood, others. Based on application, the nutrigenomics market is segmented into obesity, diabetes, chronic diseases, and anti-aging. The regions in the nutrigenomics market are Africa, Europe, Asia Pacific, Middle East, and North America.
The nutrigenomics market covers regions such as Africa, Europe, Asia Pacific, Middle East, and North America in its regional analysis. The American region controls the nutrigenomics market due to the existence of a huge population suffering from obesity and diabetes. The North American region controls the principal market share in the Americas nutrigenomics market. The European region has the next principal market for the nutrigenomics which is trailed by the Asia Pacific region. The presence of a fully developed healthcare sector and high healthcare spending, the nutrigenomics market in the European region is increasing at a CAGR of 17%. The Asia Pacific region is also observing a speedy development in this market which is largely due to the speedily growing awareness of treatments, incidence of huge obese and diabetic population and intensifying healthcare spending. The Asia Pacific nutrigenomics market is projected to develop at a CAGR of 17.1% through the forecasted period. The Middle Eastern & African region is projected to have restricted growth. The Middle Eastern region is controlling this market by holding 64.3% of the Middle Eastern and African market share.
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