Market Research Future (MRFR) asserts that the Global Nutrigenomics Market is likely to garner USD 17,313.5 million, projecting a CAGR of 16.8% during the forecast period (2017-2023). Report Provides Historical market trends, market dynamics, forecast, market value by region as well as by segmentation, country-level analysis for each market segment, key player’s market share analysis and market factor analysis which covers supply chain and Porter’s five forces analysis of the market.
The increasing obese and diabetic population are favoring the market growth to a large extent. Nutrigenomics is referred to as the study of the interaction of genes and nutrients. It studies the impact of food and its constituents on the genes. It helps to explore the impact of bioactive dietary elements and nutrients on the gene expression and study the risk of a disease on an individual.
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Competitive Dashboard:
- 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.
Market Drivers:
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.
Nutrigenomics also help bridge the gap between genetics and the response to the diet taken. The development of lactose and gluten-free food products can be assumed as changes made as per the specific gene variants that can lead to gluten and lactose intolerance. Nutrigenomics is employed in the evaluation of food safety and the personalization of nutrition. The developments likely to take place in this field is considered to bring evolution in the field of nutrition and diet, thereby positively impacting the market. Scientific developments have also enabled the use of nutrigenomics in the field of anti-aging. Also, customized nutritional solutions are introduced in the form of supplements in order to meet the optimal nutritional requirement of the body which lowers the aging of cells by forming several free radicals. Thereby, nutrigenomics is extensively used in reducing the signs of aging and controlling obesity.
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.
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.
Segments:
MRFR’s data also includes a detailed segmental analysis of nutrigenomics market based on product, technique and application. By product, the market has been segment into services and reagents & kits. The latter will continue to outperform the former in 2018 and beyond. The reagents & kits segment is expected to surpass a market valuation of USD 10,130 Mn by 2023, reflecting a healthy growth rate. This is primarily owing to widespread usage of reagent and kits in nutrigenomics. By technique, the market is segmented into blood, buccal swab, saliva and others. By application, the Nutrigenomics Market is segmented into diabetes, obesity, anti-aging, and chronic diseases. The obesity segment currently commands for the highest share of the market and is expected to remain highly attractive. The diabetes segment is also expected catch momentum in the forthcoming years. The segment is projected to capture a robust CAGR of 17.1% during the assessment period (2017-2023).
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.
The Asia Pacific region is estimated to expand at a rapid pace during the appraisal period due to the rising awareness of health and treatments, demand for holistic treatment, and increased expenditure on healthcare.
Related Report:
Pharmacogenomics Market Research Report, By Technology (Microarray, Sequencing, Polymerase Chain Reaction) By Application (Cardiology, Neurological Disorders) By End Users (Hospitals, Research Organizations, Academic Institute) – Global Forecast till 2023
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