Nutrigenomics market information, by products (reagents & kits, services), by techniques (saliva, buccal swab, blood, others), by applications (obesity, diabetes, anti-aging, chronic diseases) – Global forecast till 2023
Market Research Future (MRFR), in it’s market report, has revealed a growth projection of 16.8% CAGR during the forecast period and an estimated evaluation of USD 17,313 million by 2023. Identified challenges for this market include the high cost associated with the treatment and the lack of physicians qualified to provide nutrigenomics treatments. However, due to the extensive scope of this market, these issues will likely be addressed in the coming years.
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The Nutrigenomics market is one that has emerged in the past few years, carrying with it a massive potential. With the global statistics for obesity, lifestyle diseases and the ever increasing demand for effective cosmetic treatments, nutrigenics has risen up as a potential treatment option.
Studying the effects of nutrients and genetics is allowing the creation of application in healthcare that address problems according to ideal nutrition for any given a patient’s particular genes. The targetted applications of nutrigenomics promises to make this a thriving market during the forecast period. Rising healthcare expenditure, and encouraging government support for research and development in this field has motivated robust growth and it is projected to continue.
The prominent players operating the Global Nutrigenomics Market are Cura Integrative Medicine (Australia), Metagenics Inc (US), WellGen Inc. (US), Nutrigenomix (US), NutraGene (India), XCODE Life Sciences Pvt. Ltd. (India), and Genomix Nutrition Inc. (US).
WellGen Inc., Founded in 1997 and headquartered in New York, USA, WellGen, Inc is a biotechnology company at the crossroads of foods and pharmaceuticals. The company focuses on discovery, and development of the plant-based wellness products using nutrigenomics for food, therapeutics, and dietary supplement markets.
Metagenics, Inc., headquartered in Aliso Viejo, USA, Metagenics, Inc. is a nutrigenomics and lifestyle medicine company that engages in the research and development, manufacture, and marketing of medical foods and nutritional formulas for chronic health conditions founded in 1983. The company offers verity of the products in the area of gastrointestinal health, general wellness, blood sugar balance, cardiometabolic health, body composition, and many more. The company also provides the products for defy aging, heart health, fatty acids, probiotics and others.
Genomix Nutrition, Inc., a US headquartered company, a leading provider of comprehensive nutrigenomic testing solutions, focuses on development of new kits and test. The company performs nutrigenomics test to validate your specific nutritional supplement needs to the patients.
In Nov 2018 a top digital health and genetic testing company named Prenetics had announced the launch of Circle. This is a consumer DNA testing platform which provides nutrigenomics tests along with cancer DNA test.
Sep 2018 Nutrigene, a startup uniting the vitamin business with another lucrative aspect of revenue in consumer DNA analysis. Nutrigene will use an individual’s genes to create tailor-made liquid vitamin supplements created on a lifestyle quiz and an individual’s DNA.
Nov 2018 Prenetics, a top genetic testing and digital health company has announced the launch of Circle, which is a consumer DNA testing platform. The platform currently offers cancer DNA test and nutrigenomics tests.
Segments for Global Nutrigenomics Market
The global nutrigenomics market has been segmented on the basis of products, application, and techniques.
By mode of products, the global nutrigenomics market has been segmented into reagents & kits and services.
By mode of techniques, the global nutrigenomics market has been segmented into buccal swab, saliva, blood, and others.
By mode of application, the global nutrigenomics market has been segmented into diabetes, obesity, anti-aging, and chronic diseases. Among these, the obesity segment is considered to occupy the largest market share due to unhealthy food choices and sedentary lifestyle.
Regional Analysis for Global Nutrigenomics Market
As per the regional analysis of the nutrigenomics market it has been found that, the North American region holds the largest market share in America nutrigenomics market. America is found to be controlling the nutrigenomics market globally owing to the existence of a vast population suffering from obesity and diabetes.
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The European region has the second largest market share for the nutrigenomics industry which is followed by the Asia Pacific region. The presence of high healthcare expenditure and world class healthcare sector, the nutrigenomics industry in Europe is developing at a CAGR of 17 percent.
The Asia Pacific region is also undergoing rapid growth mainly owing to the rapidly increasing awareness of treatments, existence of huge diabetic and obese population and mounting healthcare expenditure. The Asia Pacific nutrigenomics industry is estimated to grow at a CAGR of 17.1 percent during the forecasted period. The Middle East & Africa regions are estimated to exhibit limited growth.
The Middle East region is controlling this market by holding 64.3 percent of the Middle East & Africa market share.
Some Brief Table of Contents of Report
Chapter 1. Report Prologue
Chapter 2. Market Introduction
2.2 Scope Of The Study
2.2.1 Research Objective
Chapter 3. Research Methodology
3.2 Primary Research
3.3 Secondary Research
3.4 Market Size Estimation
Chapter 4. Market Dynamics
4.5 Macroeconomic Indicators
4.6 Technology Trends & Assessment
Chapter 5. Market Factor Analysis
5.1 Porters Five Forces Analysis
5.1.1 Bargaining Power Of Suppliers
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