The global nutrigenomics market size is expected to reach USD 1,289.7 Million in 2028 and register a steady revenue CAGR over the forecast period, according to latest analysis by Emergen Research.
The global nutrigenomics market size is expected to reach USD 1,289.7 Million in 2028 and register a steady revenue CAGR over the forecast period, according to latest analysis by Emergen Research. Increasing demand for natural and healthy food & beverages products is prime factor expected to drive growth of the global nutrigenomics market.
According to study published in Bioessays journal in August 2019, application of nutrigenomics has potential to develop personalized nutrition, which would help in reducing burden of diet-related diseases. Moreover, increasing awareness among consumers regarding health & wellness, and rising disposable income are some other factors expected to contribute to growth of the target market over the forecast period.
Nutrigenomics is the study of the effects of food and nutrition on gene expression, in particular, how nutrients interacts with the genome to influence health and disease. It is a relatively new field that is rapidly evolving and growing in popularity. Nutrigenomics is expected to help minimize the risk of chronic diseases such as obesity, cancer, and diabetes. It can also help in early detection, diagnosis, and treatment of these diseases. The market for nutrigenomics is expected to grow at a significant rate in the next few years.
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The expansion of the healthcare industry, along with rising awareness about the importance of preventive healthcare, is expected to drive the market for nutrigenomics. The growing prevalence of chronic diseases and the need for personalized medicine are some of the other factors expected to contribute to market growth. In addition, the increasing number of public-private partnerships (PPPs) and government initiatives are anticipated to create new opportunities in the market. However, the lack of awareness and skilled professionals is expected to restrain market growth.
Some Key Highlights from the Report
- Some major companies operating in the market include Koninklijke DSM N.V., BASF SE, Danone S.A., Unilever plc, Genova Diagnostics, Nutrigenomix Inc., Metagenics, Inc., GX Sciences Inc., Cell-Logic, and Xcode Life.
- In June 2020, Genova Diagnostics (US) launched a new test, called the Cell Wellness Profile, which analyzes an individual’s genomic response to stress. This test is based on the company’s epigenetics technology and can be used by healthcare practitioners to personalized patient care.
- The services segment accounted for the largest revenue share in 2020 and is projected to grow at a significant CAGR over the forecast period. This can be attributed to an increase in the number of service providers and adoption of these services in both developed and developing countries.
- The software & tools segment is estimated to grow at a significant CAGR over the forecast period due to the growing adoption of software tools for analyzing and studying the effects of nutrients on gene expression.
- The indications segment is further classified into obesity, diabetes, cardiovascular diseases, cancer, and others. Obesity segment accounted for largest revenue share in 2020 due to rising prevalence of obesity and its consequences.
- North America accounted for largest revenue share contribution to the global nutrigenomics market in 2020. Increasing research and development activities related to nutrigenomics is expected to boost market growth in the region during the forecast period.
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For the purpose of this report, Emergen Research has segmented the global nutrigenomics market on the basis of application, product, and region:
Application Outlook (Revenue, USD Million; 2018–2028)
- Cardiovascular Diseases
- Cancer Research
- Obesity
- Diabetes
- Others
Product Outlook (Revenue, USD Million; 2018–2028)
- Reagents and Kits
- Services
Regional Outlook (Revenue, USD Million; 2018–2028)
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- France
- U.K.
- BENELUX
- Italy
- Spain
- Rest of Europe
- Asia Pacific
- China
- Japan
- South Korea
- India
- Rest of APAC
- Latin America
- Brazil
- Rest of LATAM
- Middle East & Africa
- Saudi Arabia
- UAE
- South Africa
- Rest of MEA
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