by Nutrigenomics is poised to revolutionize the nutrition industry by identifying personalized dietary requirements and food choices based on an individual’s genetic makeup. With the ability to understand how genes interact with nutrients, nutrigenomics aims to enable targeted nutrition strategies for optimal health and disease prevention.
Nutrigenomics analyzes how genes affect an individual’s response to components in food. It utilizes genomic and metabolomic testing technologies to evaluate single nucleotide polymorphisms (SNPs) – variations in genetic sequences among human beings – which provide insights into how dietary factors may impact disease risk, metabolism and other health parameters. Nutrigenomics testing analyzes hundreds to thousands of SNPs to offer customized dietary, supplementation and lifestyle recommendations.
The Global Nutrigenomics Market is estimated to be valued at US$ 1.3 Bn in 2024 and is expected to exhibit a CAGR of 13% over the forecast period of 2024-2031.
Key Takeaways
Key players operating in the Nutrigenomics market are 3X4 Genetics, Advanced Nutrigenomics, DNAlysis Biotechnology, DNA Health and Wellness, Geno Palate and Among Others. Nutrigenomics testing helps individuals identify specific nutrients or dietary patterns shown to promote optimal wellness, as well as foods that may negatively impact their health based on their genetic makeup. As awareness and acceptance regarding the role of nutrition and genetics in health rises, demand for personalized nutrition is growing. Nutrigenomics companies are expanding globally to educate more people about innovative direct-to-consumer testing options that empower proactive health management.
The growing prevalence of lifestyle diseases coupled with rising health-conscious consumerism is propelling demand for nutrigenomic technologies worldwide. As consumers aim to take a preventive healthcare approach, nutrigenomics is enabling them to make well-informed dietary choices aligned with their individual genetic risks and requirements. Meanwhile, global expansion strategies by key nutrigenomic testing providers are increasing accessibility worldwide.
Market Key Trends
The use of advanced genome sequencing, bioinformatics and molecular research techniques is advancing the field of nutrigenomics at a rapid pace. Technologies like next-generation sequencing that powered the human genome project are now being applied to understand human nutrition on a individual level. As genomic and metabolomic databases expand through ongoing research, nutrigenomics solutions will become increasingly sophisticated in analyzing genetic variances and gene-diet interactions to offer highly customized diet and lifestyle advice. This ongoing refinement and scalability of nutrigenomic testing represents a major trend that will significantly grow the market in coming years.
Porter’s Analysis
Threat of new entrants: Low capital requirement in service based business allows new players to enter the market easily without much threat to existing players.
Bargaining power of buyers: Buyers have high bargaining power as they can choose from various service providers offering similar services.
Bargaining power of suppliers: Suppliers have low bargaining power as they rely heavily on few service providers and institutions to purchase their offerings.
Threat of new substitutes: Low threat as there are limited alternative available for personalized nutrition and genetic testing services.
Competitive rivalry: Fierce competition exists among established players to expand their consumer base and market share through extensive research and varied service offerings.
Geographical Regions
North America accounts for the largest share in the global nutrigenomics market currently, due to established players, rising healthcare expenditure, and growing awareness regarding personalized nutrition.
Asia Pacific region is expected to witness highest growth during the forecast period owing to rising incomes, growing health consciousness, and increasing government initiatives in countries like India and China for preventive healthcare through nutrigenomic services.
What Are The Key Data Covered In This Nutrigenomics Market Report?
:- Market CAGR throughout the predicted period
:- Comprehensive information on the aspects that will drive the Nutrigenomics’s growth between 2024 and 2031.
:- Accurate calculation of the size of the Nutrigenomics and its contribution to the market, with emphasis on the parent market
:- Realistic forecasts of future trends and changes in consumer behaviour
:- Nutrigenomics Industry Growth in North America, APAC, Europe, South America, the Middle East, and Africa
:- A complete examination of the market’s competitive landscape, as well as extensive information on vendors
:- Detailed examination of the factors that will impede the expansion of Nutrigenomics vendors
FAQ’s
Q.1 What are the main factors influencing the Nutrigenomics?
Q.2 Which companies are the major sources in this industry?
Q.3 What are the market’s opportunities, risks, and general structure?
Q.4 Which of the top Nutrigenomics companies compare in terms of sales, revenue, and prices?
Q.5 Which businesses serve as the Nutrigenomics’s distributors, traders, and dealers?
Q.6 How are market types and applications and deals, revenue, and value explored?
Q.7 What does a business area’s assessment of agreements, income, and value implicate?
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
About Author - Money Singh
Money Singh is a seasoned content writer with over four years of experience in the market research sector. Her expertise spans various industries, including food and beverages, biotechnology, chemicals and materials, defense and aerospace, consumer goods, etc. LinkedIn Profile
