Rising demand for personalized nutrition is driving the growth in global nutrigenomics market in the forecast period, 2022-2026
According to TechSci Research report, “Nutrigenomics Market - Global Industry Size, Share, Trends, Competition, Opportunity, and Forecast, 2016-2026”, The global nutrigenomics market stood at USD785.38 million in 2020 and is expected to grow at a CAGR of 10.88% during the forecast period on account of rising demand for personalized nutrition diet analysis and its increased awareness.
Nutrigenomics is a branch of study concerned with the effects of genetic differences on the nutritional environment, as well as the examination of food and its elements on gene expression. In other words, many nutrients have an impact on the human body and physiology. The impact of these components on human genetics is also being investigated. Nutrigenomics is the study of how nutrition alters the genetic elements of the human body on a molecular level.
The growing number of market participants also contribute significantly to the global nutrigenomics industry's growth over the next five years. Obesity, diabetes, and other lifestyle disorders are expected to increase in the next five years, boosting the nutrigenomics industry worldwide. Poor lifestyle choices, unhealthy eating habits, as well as an increased tendency of consumers toward smoking and drinking, are significantly increasing the need for nutrigenomics-influenced pharmaceuticals, assisting the expansion of the nutrigenomics market worldwide in the next five years.
The increased number of ongoing clinical studies can be attributed to the presence of government and commercial funding agencies that are constantly giving grants to assist initiatives at various stages of clinical trials. Apart from that, the high cost of nutrigenomic testing, a scarcity of competent healthcare practitioners, strict regulatory policies, and lack of awareness are some of the primary challenges limiting the market's growth.
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The global nutrigenomics market is segmented into product & services, technique, applications, competitional analysis, and regional distribution. Based on technique, the market is further fragmented into saliva/buccal swab, blood, and others. In the next five years, the worldwide nutrigenomics market would grow due to rising demand for personalized nutrition diet analysis and increased awareness. Saliva/buccal swab are anticipated to hold the largest revenue shares of 56.23% on the account of efficient, patient friendly and effective technique for genome testing.
Moreover, studies over effects of genetic material drawn from saliva/buccal swab provides better analysis result and understanding thus, the saliva/buccal swab sample procedure is evolving, which is expected to boost the global nutrigenomics market's growth over the next five years. Based on product & services, among which genetic testing services are anticipated to hold the largest revenue shares of the market and dominate the market segment in the upcoming five years on account of increasing need for genetic analysis, as well as dietary studies on its impact on genetic material and more research and development cases.
In the next five years, the rise of genetic testing services and kits will be aided by an increase in the number of research institutes, as well as nutrigenomics experiments and various analytic tests. Based on application, obesity holds the largest market share majorly owing to the fact that people have started opting for pharmacogenetics testing as a result of growing awareness about nutrition habits and a healthy food lifestyle, food borne allergies, tailored nutrition, and a preference for individualized health, among other things.
Based on product, the market is further segmented into vitamin & supplements, probiotics, and prebiotics. Vitamin & supplement holds the largest market share due to high vitamin and mineral deficiency found in majority of the population which might lead to several chronic diseases. Increasing awareness to cope with such deficiencies and prevent such diseases and maintain healthy lifestyle is driving the growth of the global nutrigenomics market in the upcoming five years.
Key market players in the nutrigenomics market include:
- BioGaia AB
- DuPont de Nemours, Inc.
- Nutrigenomix Inc.
- 23andMe, Inc.
- Metagenics, Inc.
- Genova Diagnostics
- DNA fit
- MedGenome
- Garden of Life, LLC.
- GeneOmbio
- WellGen Inc.,
- XCODE Life.
- Koninklijke DSM N.V.
- Jarrow Formulas Inc.
- Ingredion Incorporated
Global nutrigenomics market is fragmented with a lot of well-established players having presence in several countries. 23andME, Inc holds the highest market share and is among the top five market players globally. Metagenics ranks second in terms of market share in the overall nutrigenomics testing market on account of strong presence worldwide even in the emerging countries.
Additionally, there are other prominent players such as BioGaia, DuPont de Nemours, Inc., Nutrigenomix Inc., Genova Diagnostics, DNA fit, MedGenome, Garden of Life, LLC., GeneOmbio, WellGen Inc., XCODE Life., Koninklijke DSM N.V., Jarrow Formulas Inc., Ingredion Incorporated, which are holding a significant position in the global nutrigenomics market.
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“North America is anticipated to hold the largest revenue shares of the market in the upcoming market on the account of availability of well-established healthcare industry. Furthermore, the market's growth is being aided by the quick increase in studies and research in the field, as well as the impact of nutrients on genetic material. New market players are advised to invest and focus on the research and development of nutrigenomics products and services for brand establishment. Collaborations and regulated deals with the established market players are expected to help the prospects of the new market players,” said Mr. Karan Chechi, Research Director with TechSci Research, a research based Global management consulting firm.
“Nutrigenomics Market - Global Industry Size, Share, Trends, Segmented By Products & Services (Services (Nutrigenomics Genetic Testing), Products), By Products (Vitamins & Supplements, Probiotics, Prebiotics) By Technique (Saliva/Buccal Swab, Blood, Others), By Application (Obesity, Cancer Research, Cardiovascular Diseases, Digestive Health, Others), By Region, Competition, Forecast & Opportunities, 2026”, has evaluated the future growth potential of global nutrigenomics and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in global nutrigenomics market.
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