What Has Been Nutrigenomics Market in Recent Years?
The nutrigenomics market has seen considerable growth due to a variety of factors.
• In recent years, there has been a significant expansion in the size of the nutrigenomics market. The forecast predicts an increase from $0.96 billion in 2024 to $1.14 billion in 2025, representing a compound annual growth rate (CAGR) of 18.9%.
Such growth in the historic period is primarily due to factors such as the emergence of online shopping, surge in functional beverages, pharmaceuticals growth, the advent of e-commerce and the expansion of companion diagnostics.
How Will the Nutrigenomics Market Size Evolve over the Forecast Period?
The nutrigenomics market is expected to maintain its strong growth trajectory in upcoming years.
• In the coming years, the nutrigenomics market is predicted to experience significant expansion, reaching a value of $2.26 billion by 2029, with a compound annual growth rate (CAGR) of 18.5%.
This anticipated surge during the forecast period could be attributable to the increasing anxiety about sugar intake, an escalating demand for nutrigenomics, the prevalence of chronic illnesses, a growing need for preventative healthcare solutions, and the rising occurrence of cancer. Key trends during this period are anticipated to include the merging of this sector with digital health, the incorporation of artificial intelligence and big data, the growth of pharmacogenomics, the use of digital health tools, and product innovation.
Which Drivers Are Accelerating Growth In The Nutrigenomics Market?
As health awareness gains momentum, it's anticipated to fuel the expansion of the nutrigenomics market. Being health-conscious means having a comprehensive understanding of various health dimensions, including prevention, management, and treatment of a variety of health issues. This surge in health awareness is catalyzed by the enhancement of public health, minimization of healthcare costs, and improvement of life quality. Nutrigenomics delves into the nexus of genes and nutrients, equipping those who are health-conscious to make enlightened food choices that align with their genetic constitution. This ultimately improves their overall wellbeing, staunches the onset of chronic illnesses, and augments tailored nutrition approaches for enhanced long-term health. For instance, a survey conducted by the International Food Information Council, a non-profit organization based in the US, in May 2022 revealed that about 52% of the 1,005 participating American adults aged 18–80 and Gen Z consumers aged 18-24 adhered to a specific diet or eating routine, a notable increase from 39% in 2021. Additionally, the most favored choices included clean eating (16%), mindful eating (14%), and calorie counting (13%). Hence, the burgeoning health awareness is spearheading the expansion of the nutrigenomics market.
What Key Areas Define The Segmentation Of The Global Nutrigenomics Market?
The nutrigenomics market covered in this report is segmented –
1) By Product: Reagents And Kits, Services
2) By Technique: Saliva, Buccal Swab, Blood
3) By Application: Diabetes, Obesity, Gastrointestinal, Woman’s Health, Neurological, Other Applications
4) By End User: Hospitals And Clinics, Other End Users
Subsegments:
1) By Reagents And Kits: DNA Extraction Kits, Genotyping Kits, PCR Reagents, Metabolomics Kits
2) By Services: Nutrigenomic Testing, Data Interpretation Services, Genetic Counseling
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How Are Emerging Trends Reshaping The Dynamics Of The Nutrigenomics Market?
Leading entities in the nutrigenomics market are employing advanced technology to offer personalized nutrition insights aiming to optimize health results, upgrade dietary advice, and enhance wellness solutions. Personalized nutrition insights give custom-tailored nutritional guidance and plans, considering person's distinctive biological, genetic, and lifestyle elements. For example, in June 2023, Xcode Life, an American genomics firm, established a gene nutrition test in India, concentrating on nutrigenomics to deliver individualized diet insights based on one's genetic composition. The test delves into nearly 50 nutritional aspects, studying how a person's genes can determine their nutritional requirements, metabolic rate, nutrient absorption, susceptibility to certain foods, and reactions to diet. This comprehensive evaluation leads to highly individualized dietary suggestions. It leverages the nutrigenomic structure assessing the interplay between food and gene expression, generating knowledge about how specific foods can impact health due to genetic tendencies. Initiating the gene nutrition test necessitates an initial DNA test, paving the way for organized collection of genetic data that fuels the nutritional assessment. This amalgamation paves the way for a more efficient procedure for those looking for personalized health guidance.
Who Are the Key Players in the Nutrigenomics Market?
Major companies operating in the nutrigenomics market are include:
• Illumina Inc.
• Metagenics Inc.
• 23andMe
• Genova Diagnostics Inc.
• Viome Inc.
• DNAfit
• geneOmbio Technologies Pvt Ltd
• Nutrigenomix Inc.
• SelfDecode Inc
• Fagron Genomics S.L
• WellGen Inc.
• XCODE Life Sciences Pvt. Ltd.
• Cura Integrative Medicine
• GenoPalate
• 3X4 Genetics
• OmegaQuant Analytics
• LLC
• Cell Logic
• Nutrigenomics Institute
• Wellness Psychiatry
• Pathway Genomics
What Is The Most Dominant Region In The Nutrigenomics Market?
North America was the largest region in the nutrigenomics market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the nutrigenomics market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
