Personalized Nutrition Market Report 2024: Overview and Growth Projections
The report titled “Personalized Nutrition Market – Types, Forms, Applications and End-Use Markets” has been released by ResearchAndMarkets.com. The global personalized nutrition market is expected to grow from an estimated $14.7 billion in 2024 to $35.1 billion by 2030, achieving a robust CAGR of 15.6% during this period.
Market Drivers
The demand for personalized nutrition is anticipated to grow due to several factors, including:
- Increased interest in personalized nutritional advice.
- Rising obesity rates and sedentary lifestyles.
- Advancements in technology and innovations in personalized nutrition.
- Growing consumer awareness regarding health.
Regional Market Insights
- North America is predicted to hold the largest market share, driven by a strong healthcare infrastructure and high consumer health awareness. The U.S. is particularly prominent due to its focus on preventative healthcare and advancements in genetic testing.
- Asia-Pacific is expected to experience the fastest growth, fueled by a large population, increasing health consciousness, and rising disposable incomes.
Market Segmentation by Product Type
The market is divided into:
- Active Measurement
- Standard Measurement
Active Measurement is expected to maintain a larger share and a higher growth rate due to advancements in technology and increased awareness of genetic roles in personalized nutrition.
Market Segmentation by Product Form
The personalized nutrition market is categorized into:
- Capsules
- Liquids
- Powders
- Tablets
Tablets are anticipated to capture the largest market share because they are cost-effective and easy to consume.
Market Segmentation by End-Use
The global market is segmented into five end-use categories:
- Direct-to-Consumer
- Food Delivery Services
- Hospitals & Clinics
- Institutions
- Wellness & Fitness Centers
The Direct-to-Consumer segment is expected to dominate due to the convenience and growing preference for digital health solutions.
Report Details
- Historical Period: 2021-2023
- Base Year: 2023
- Forecast Period: 2024-2030
- Estimated Market Value in 2024: $14.7 billion
- Forecasted Market Value by 2030: $35.1 billion
- CAGR: 15.6%
Key Companies in the Market
The report profiles over 40 key players, including:
- Abbott
- Amway Corp.
- Herbalife Nutrition Ltd.
- Pfizer, Inc.
- USANA Health Sciences, Inc.
Conclusion
This comprehensive report on the personalized nutrition market covers various dimensions, including product types, forms, applications, and end-use markets, providing valuable insights for stakeholders in the industry.
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