The global nutrigenomics market size is expected to reach USD 1,289.7 Million in 2028 and register a steady revenue CAGR over the forecast period, according to latest analysis by Emergen Research. Market revenue growth is primarily driven by increasing global burden of nutrition-related non-communicable diseases. Nutrigenomics is expected to help minimize the burden of nutrition-related non-communicable diseases through development of more sustainable approaches to encourage dietary change at a population-level. Establishment of organizations such as the International Society for Nutrigenomics & Nutrigenetics and European Nutrigenomics Organizations (NUGO) has resulted in increasing research and development activities around nutrigenomics. Advancements in technologies which help process large data volumes related to gene variants is expected to support growth in the field of nutrigenomics. Rising awareness among consumers regarding the practice of healthy diet is projected to boost revenue growth of the market.
Rising demand for functional food among consumers due to increasing interest towards food and diets that offer health-promoting or disease-preventing effects and benefits beyond the basic nutritional value that diets provide. Increasing research and development activities regarding the incorporation of personalized nutrigenomic food into the functional foods market is expected to boost market growth. Moreover, rising awareness among consumers regarding the relationship between genotype and diet and generating clinical evidences supporting the effectiveness of functional foods are other key factors fueling demand for functional foods.
Nutrigenomics market that offers key insights about the regional and global scope of the Nutrigenomics market. It offers key details about the recent product launches, technological advancements, supply and demand ratio, and regulatory framework. The report also offers details about market size, market share, revenue growth, and CAGR during the forecast period of 2021-2028. The report also offers key insights about top companies in the market along with a thorough SWOT analysis, Porter’s Five Forces analysis, and feasibility analysis to offer competitive edge to the readers. The report focuses on the recent trends, major challenges and opportunities, and limitations pertaining to the ongoing pandemic.
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The research report offers details about leading companies in the global Nutrigenomics market along with global position, financial standing, license agreement, products and services portfolio and revenue contribution of each market player. Key players in the market are focusing on adopting various strategies such as mergers and acquisition, business expansion plans, new product launches, partnerships, collaborations, joint ventures to enhance their product base and gain robust footing in the market.
The report also discusses the key players involved in the market such as Koninklijke DSM N.V., BASF SE, Danone S.A., Unilever plc, Genova Diagnostics, Nutrigenomix Inc., Metagenics, Inc., GX Sciences Inc., Cell-Logic, and Xcode Life.
Some Key Highlights From the Report
In June 2020, Genova Diagnostics announced the launch of a new collect-at-home nutritional test with the Metabolomix+ profile. The new nutritional test is expected to provide clinicians a more comprehensive set of options without a blood draw and help support telemedicine practices. The Metabolomix+ profile is a unique combination of nutritional tests that assess the functional need for minerals, amino acids, antioxidants, digestive support, and B-vitamins with add-on modules based on the unique need of the patient. Add-on modules include genomics, toxic and nutrient materials, and bloodspot essential and metabolic fatty acids.
Obesity segment accounted for largest revenue share in 2020. Increasing prevalence of obesity among the growing population due to sedentary lifestyle and food habits is expected to boost growth of the market during the forecast period.
Reagents and kits segment revenue is expected to expand at a rapid CAGR during the forecast period. Shifting consumer preference towards personalized nutrition is expected to drive demand for nutrigenomic testing kits, in order to get a personalized diet based on individual’s genetic, phenotypic, and medical information.
The report further segments the global Nutrigenomics market on the basis of product types and applications and provides insights into key factors influencing the revenue growth of the segments.
For the purpose of this report, Emergen Research has segmented the global nutrigenomics market on the basis of application, product, and region:
Application Outlook (Revenue, USD Million; 2018–2028)
Cardiovascular Diseases
Cancer Research
Obesity
Diabetes
Others
Product Outlook (Revenue, USD Million; 2018–2028)
Reagents and Kits
Services
The report focuses on current and future market growth, technological advancements, volume, raw materials, and profiles of the key companies involved in the market. The report provides valuable insights to the stakeholders, investors, product managers, marketing executives, and other industry professionals.
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Nutrigenomics Market Segmentation based on Regions:
North America (U.S., Canada, Mexico)
Europe (Germany, U.K., France, Italy, Spain, Benelux, Rest of Europe)
Asia Pacific (China, India, Japan, South Korea, Rest of Asia Pacific)
Latin America (Brazil, Rest of Latin America)
Middle East & Africa (Saudi Arabia, UAE, South Africa, Rest of Middle East & Africa)
Excerpts from the summary:
Chapter 1: Nutrigenomics Market Overview, Drivers, Restrictions and Opportunities, Segmentation Overview
Chapter 2: Market competition by manufacturers
Chapter 3: Production by regions
Chapter 4: Consumption by Regions
Chapter 5: Production, by types, revenue and market share by types
Chapter 6: Consumption, by applications, market share (%) and growth rate by applications
Chapter 7: Profiling and comprehensive analysis of Producers
Chapter 8: Production Cost Analysis, Raw Material Analysis, Regional Production Expenses.
Chapter 9: Industrial chain, sourcing strategy and downstream buyers
Chapter 10: Marketing strategy analysis, distributors / merchants
Chapter 11: Nutrigenomics Market Effect Factors Analysis
Chapter 12: Market Forecasts
Chapter 13: Nutrigenomics Research findings and conclusions, Appendix, methodology and data source.
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