A new report titled “Personalized Nutrition Market by Measurement Type (Active Measurement, Standard Measurement), Application (Indication-based, Standard Supplements), Distribution Channel, End-Use – Global Forecast 2024-2030” highlights the significant growth of the personalized nutrition market. The market is projected to reach $38.22 billion by 2030, growing at a CAGR of 16.13% over the forecast period.
Personalized nutrition is a transformative approach to diet management and nutritional care, catering to individual health requirements through genetic insights, lifestyle patterns, dietary habits, and specific health objectives. This strategy enables weight control, metabolic health improvement, and tailored dietary interventions for enhanced well-being.
The market growth is driven by the increasing focus on health and wellness, the rise of genetic testing, and a growing interest in nutrition. The digital shift toward online personalized nutrition services and the thriving startup ecosystem also contribute to the market’s favorable outlook.
The Americas, Asia-Pacific, and the Europe, Middle East, and Africa (EMEA) region are experiencing rapid growth in personalized nutrition. In the Americas, proactive health perspectives, lifestyle ailments, and the integration of digital health technologies contribute to the need for personalized nutrition. The Asia-Pacific region sees growth due to urbanization, technological progress, and a rise in health consciousness. Southeast Asia is emerging as a key player. In the EMEA region, personalized nutrition is growing due to technological innovations, an increase in chronic disease cases, and health-focused governmental initiatives.
The key players in the market include Nestlé S.A., Herbalife Nutrition Ltd., Glanbia PLC, Fonterra Co-Operative Group Limited, and Amway Corporation, among others.
With the increasing awareness of the critical role of diet and exercise in preventing chronic diseases, the demand for personalized nutrition is expected to continue to rise. The introduction of AI-powered tools, such as ThinkMi, is set to revolutionize market intelligence in the personalized nutrition industry, offering precise insights to businesses and empowering decision-making for remarkable growth.
The personalized nutrition market operates within the broader health and wellness industry. As people become more conscious of their health and well-being, there is a growing demand for personalized approaches to nutrition that cater to individual needs and goals.
According to the report, the market for personalized nutrition is expected to reach $38.22 billion by 2030, with a compound annual growth rate (CAGR) of 16.13% during the forecast period. This significant growth can be attributed to several factors.
Firstly, there is an increasing focus on health and wellness worldwide. As individuals seek to lead healthier lifestyles, they are increasingly turning to personalized nutrition as a means of achieving their health goals.
Secondly, the rise of genetic testing has contributed to the growth of the personalized nutrition market. Genetic insights provide valuable information about an individual’s specific health requirements, allowing for tailored dietary interventions.
Additionally, there is a growing interest in nutrition and its impact on overall well-being. People are becoming more educated about the benefits of a balanced diet and are actively seeking personalized nutrition solutions that can help them optimize their health.
The market has also been boosted by the digital shift towards online personalized nutrition services. With advancements in technology, it has become easier for individuals to access personalized nutrition advice and services remotely. This digitalization of the industry has expanded the market and made personalized nutrition more accessible to a wider consumer base.
Furthermore, the personalized nutrition market has been positively influenced by the thriving startup ecosystem. Many innovative companies have emerged in recent years, offering unique and customized nutrition solutions. These startups contribute to the overall growth of the market by introducing new products and services.
The personalized nutrition market is experiencing rapid growth in various regions. In the Americas, factors such as proactive health perspectives, lifestyle-related ailments, and the integration of digital health technologies have contributed to the demand for personalized nutrition.
The Asia-Pacific region is also seeing significant growth, driven by urbanization, technological advancements, and a rise in health consciousness. Southeast Asia, in particular, has emerged as a key player in the personalized nutrition market.
In the Europe, Middle East, and Africa (EMEA) region, personalized nutrition is growing due to technological innovations, an increase in chronic disease cases, and health-focused governmental initiatives. These factors create a conducive environment for the expansion of personalized nutrition services and products.
The key players in the personalized nutrition market include Nestlé S.A., Herbalife Nutrition Ltd., Glanbia PLC, Fonterra Co-Operative Group Limited, and Amway Corporation, among others. These companies are at the forefront of offering personalized nutrition solutions and driving innovation in the industry.
To meet the growing demand for personalized nutrition, there is a need for advanced market intelligence tools. AI-powered tools like ThinkMi are set to revolutionize the personalized nutrition industry by providing precise insights to businesses. These tools empower companies to make informed decisions and drive remarkable growth within the market.
In conclusion, the personalized nutrition market is experiencing significant growth due to increased focus on health and wellness, the rise of genetic testing, and a growing interest in nutrition. The market is projected to continue expanding, driven by factors such as the digital shift towards online services and the thriving startup ecosystem. With the introduction of advanced market intelligence tools, the personalized nutrition industry is poised for remarkable growth in the coming years.
For more information on the personalized nutrition market, you can visit MarketsandMarkets, a leading market research company that provides detailed insights and forecasts on various industries, including personalized nutrition.