Nutrigenomics Market Overview
Global nutrigenomics market is expected to grow at a 16.8% CAGR over the forecast period from 2017 to 2023, according to a new report from Market Research Future (MRFR). The global nutrigenomics market is mainly driven by the growing understanding of the role of dietary choices in the outbreak of diseases and the various ways in which the dietary pattern can be altered to act as a solution to certain diseases. The global nutrigenomics market is expected to rise to a value of USD 17,313.5 million by the end of the forecast period in 2023, according to MRFR.
The global nutrigenomics market is driven by the growing awareness about the diet’s importance in maintaining one’s health and avoiding or managing diseases. As the global population has become more fitness-conscious, the interest in the role of dietary choices in the overall health of the individual has grown. Increasing interest in holistic lifestyles has also led to an increasing interest in the relationship between an individual’s diet and health. This has driven product development and innovation in the nutrigenomics sector and is likely to remain a key driver for the market over the forecast period.
The growing prevalence of diabetes and obesity is likely to a major driver for the global nutrigenomics market. The inherent connection between the individual’s diet and contracting diabetes or becoming obese has driven medical research as well as consumer interest in the field of nutrigenomics in recent years. Growing understanding of the intricate ways in which dietary patterns can affect the outcome and prognosis of diseases such as diabetes is likely to be a major driver for the global nutrigenomics market over the forecast period. The growing prevalence of obesity is also likely to be a major driver for the global nutrigenomics market over the forecast period, as altering the dietary patterns to fulfill the individual’s hunger while reducing the caloric load of meals has become popular as a method of combating obesity.
Nutrigenomics Industry Updates:
In February 2019, a study conducted by researchers at King’s College London found that the anthocyanins responsible for giving blueberries their blue color may also be responsible for the heart-healthy benefits of the fruit. The study was conducted with nutrigenomic techniques and is among the many happenings in the global nutrigenomics market at present.
Nutrigenomics Market Competitive Analysis:
Leading players in the global nutrigenomics market include WellGen Inc., Genomix Nutrition Inc., NutraGene, Cura Integrative Medicine, XCODE Life Sciences Pvt. Ltd., Nutrigenomix, and Metagenics Inc.
Nutrigenomics Market Segmentation:
The global nutrigenomics market is segmented on the basis of product, technique, application, and region.
By product, the global nutrigenomics market is segmented into reagents & kits and services.
By technique, the global nutrigenomics market is segmented into saliva, blood, buccal swab, and others.
By application, the global nutrigenomics market is segmented into obesity, diabetes, chronic diseases, and anti-aging products. Obesity is the clear leader in the global nutrigenomics market by application, as the segment holds a dominant share of around 70% in the market and is likely to grow at a steady rate over the forecast period due to the growing prevalence of obesity. The diabetes segment is also likely to be a prosperous avenue for the nutrigenomics market over the forecast period, with the segment expected to exhibit a CAGR of 17.1%.
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Nutrigenomics Market Regional Analysis:
The global nutrigenomics market is dominated by the Americas segment, driven by the growing medical research in the field of nutrigenomics in countries such as the U.S. and Canada and the increasing consumer interest in improved and enhanced food products. The Americas segment is expected to reach a valuation of USD 6,316.4 million by the end of the forecast period in 2023.
Europe is also a major regional player in the market and is likely to grow at a solid 17% CAGR over the forecast period due to the increasing support for food innovations in the region. Asia Pacific is also likely to exhibit solid growth over the forecast period, with the region expected to grow at a CAGR of 17.1% over the forecast period.
