The nutrigenomics market is witnessing significant growth owing to the rising awareness about personalized nutrition. Nutrigenomics is an emerging field that studies the effects of foods and dietary components on gene expression. Nutrigenomics aims to understand how diet interacts with an individual's genome. It assesses how nutrients and other food components may trigger or suppress gene activity and consequently influence health.
The global nutrigenomics market size 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 2024-2031.
Nutrigenomics helps determine the genetic basis of how people respond differently to specific foods, beverages, and dietary supplements. It can help create customized diets and supplements based on a person's genetics. Nutrigenomics considers variations in individuals' ability to metabolize vitamins, minerals, proteins, fats, and carbohydrates and how their genes and metabolism interact with various food components. By understanding these interactions, nutrigenomics aims to develop personalized nutrition recommendations targeted to a person's DNA.
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.
The growing demand for personalized nutrition is a major factor fueling the nutrigenomics market growth. With increased awareness, more people are opting for precision nutrition based on their genetics to meet specific health goals.
Technological advancements have facilitated nutrigenomic testing. Researchers are developing advanced tools for evaluating genetic biomarkers linked to diet and health. Genome sequencing and molecular analytical techniques allow comprehensive nutrigenomic profiling.
Market Trends
Wider application in disease management and treatment - Nutrigenomics is finding increasing applications in managing diseases like diabetes, cancer, and heart ailments. Understanding an individual's genetic response to certain foods can help modify diets to prevent or manage chronic conditions.
Growing Focus On Gut Health - There is rising emphasis on studying interactions between gut microbiota, diet, and genetics. Researchers are exploring probiotic applications and prebiotic-rich diets tailored as per individuals' genetic needs.
Market Opportunities
Scope for nutrigenomic testing and advisory startups - With increasing awareness, there is potential for more startups offering direct-to-consumer nutrigenomic profiling and personalized consulting services.
Collaborations with food and supplement makers - Nutrigenomics companies can partner with major players in the F&B and supplement industries to develop tailored product lines targeting genetic subgroups of consumers.
Impact Of COVID-19 On Nutrigenomics Market Growth
The COVID-19 pandemic has significantly impacted the growth of the global nutrigenomics market. The pre-COVID scenario saw rising demand for nutrigenomics testing and services as increasing health consciousness among consumers was driving the market. However, the outbreak disrupted supply chains, delayed new projects, and reduced overall consumer spending on non-essential healthcare services including nutrigenomics.
During the pandemic, people focused more on boosting their immune system through nutrition to fight the virus. This led to increased adoption of nutritional genomics approaches. Several nutrigenomics companies offered at-home sample collection and testing kits to serve customers while maintaining social distance norms. Telehealth consultations with nutritionists also saw rise. With vaccination drives underway in 2021, the market is slowly recovering. While immediate concerns around COVID-19 remain, long-term consumer interest in preventive healthcare through nutrition is expected to boost the post-COVID prospects.
Going forward, the nutrigenomics industry needs to promote affordability and accessibility of services through strategic partnerships. Emphasis on research collaborations analyzing gene-diet interactions can offer clinically relevant dietary guidelines. Educating healthcare practitioners and the public about application of nutritional genomics in various health conditions will support faster market recovery and growth in the forecast period.
Geographical Regions With High Nutrigenomics Market Value
Currently, North America accounts for the largest share of the global nutrigenomics market in terms of value. This is attributed to rising health awareness, growing geriatric population susceptible to chronic diseases, fast adoption of advanced technologies, and sizeable healthcare expenditure in the region. Europe is another major revenue generator, driven by supportive regulatory environment and high consumer spending capacity. However, the Asia Pacific region is emerging as the fastest growing market for nutrigenomics globally due to increasing lifestyle diseases, growing middle class, and strengthening healthcare infrastructure in developing countries.
Fastest Growing Regional Market for Nutrigenomics
The Asia Pacific region holds significant potential as the fastest growing regional market for nutrigenomics over the forecast period 2024-2031. Factors such as rising affluence, rapid urbanization, growing health consciousness, and increasing government focus on preventive healthcare are fueling nutrigenomics adoption in Asia Pacific countries. Expanding private healthcare sectors in India and China along with initiatives like 'Healthy China 2030' are expected to boost regional market growth. Additionally, nutrigenomics startups addressing local needs through affordable testing solutions present vast opportunities.
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Author Bio:
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, chemical and materials, defense and aerospace, consumer goods, etc. (https://www.linkedin.com/in/money-singh-590844163 )
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
