As per the latest analysis by Reports and Data, the global market for Personalized Nutrition was valued at USD 9.09 Billion in 2021 and is projected to grow at a CAGR of 16.1% to reach USD 34.69 Billion by 2030. With the rise of customization, the way we consume food has significantly changed, and personalized nutrition has become increasingly popular as it aligns with individual health objectives. The personalized nutrition approach believes that personalized dietary changes or advice can improve health outcomes and lower the risk of health conditions such as obesity, type 2 diabetes, and heart disease. Some people want customized food to improve their hair, skin, and nails, while others want to follow a diet with the lowest possible environmental impact.
Genetic test kits, food labels, and interactive apps are some of the major tools that can be utilized to tailor diets according to individual requirements. The growing demand for personalized experiences, an increasing preference for healthier foods and fitness, the ability to track health data using wearable technology, and progress in personalized or precision medicines are some of the key factors fueling the growth of personalized nutrition services.
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Top Companies Operating in the Global Multivitamins Personalized Nutrition Market Report:
BASF SE, Caligenix, Care/of, DayTwo Inc., DNAFit, Genomix Nutrition, GX Sciences, Habit Food Personalized LLC, InsideTracker, Lonza, Metagenics, Inc, DSM, Nutrigenomix Inc., and Telomere Diagnostics
Driving Growth of Multivitamins Personalized Nutrition Market
- Increased Consumer Awareness: There is a need to educate consumers about the benefits of personalized nutrition and how it can help them achieve their health goals. Marketing efforts can be targeted to reach a wider audience and to educate consumers on the importance of personalized diets.
- Technological Advancements: As technology continues to evolve, it will be easier and cheaper to obtain personalized nutrition data, which will drive the growth of the Multivitamins Personalized Nutrition Market. The development of wearable technology, smartphone apps, and DNA testing kits will make it easier for consumers to access personalized nutrition information.
- Collaboration: Collaboration between personalized nutrition companies and healthcare providers can help to drive growth in the market. Healthcare providers can recommend personalized diets to their patients and work with personalized nutrition companies to provide customized nutritional advice.
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An analysis of the Multivitamins Personalized Nutrition Market has been carried out by segmenting it into key regions and offering information on growth rates, market shares, current and emerging trends, production and consumption ratios, analysis of the industrial chain, demand and supply, imports and exports, revenue contributions, and the presence of key players in each region. To gain a better understanding of the regional spread of and progress of the Multivitamins Personalized Nutrition Market, a country-by-country analysis of the market is provided in the report.
The global Multivitamins Personalized Nutrition Market is segmented into:
- North America (U.S.A., Canada, Mexico)
- Europe (Italy, U.K., Germany, France, Rest of Europe)
- Asia Pacific (China, India, Japan, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
- Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
Further market segmentation
Product Type Outlook (Revenue, USD Billion; 2019-2030)
- Supplements
- Multivitamins
- Herbals or botanicals
- Others
Application Outlook (Revenue, USD Billion; 2019-2030)
- Health monitoring device
- Laboratory-based devices
- Others
End-use Channel Outlook (Revenue, USD Billion; 2019-2030)
- Consumers
- Sports
- Medical
Key Questions Addressed in the Report:
- What are the dominating factors that are influencing the growth of the industry?
- In the forecast period, which market segment is expected to rise the most?
- What are the risks and challenges that the industry is facing?
- In the coming years, which area is projected to dominate the market?
- Who are the major players in the market? What kind of strategic business plans have they made?
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