Market Size in 2023 | Market Forecast in 2032 | CAGR (in %) | Base Year |
---|---|---|---|
USD 15.33 Billion | USD 38.52 Billion | 10.78% | 2023 |
The global personalized nutrition market size was evaluated at $15.33 billion in 2023 and is slated to hit $38.52 billion by the end of 2032 with a CAGR of nearly 10.78% between 2024 and 2032.
Personalized nutrition also referred to as precision nutrition focuses on individual rather than group of persons. It also includes surveying of genetics of individuals, their food habits, physical movements, and microbiome. It refers to a framework that depends on the probability of thorough personalized nutrition counsel offered by nutritionists as well as dietary experts. For the record, the food improvisations help in reducing risks of various ailments including type 2 diseases, obesity, and heart disorders.
Surging consumer preference for high-quality food to scale up the global market demand over forecast period
Growing customer inclination towards improving quality of diet intake along with rising concerns over obesity of individuals is likely to spearhead the expansion of the global personalized nutrition market. Breakthroughs in the food processing technologies are likely to accentuate the demand for personalized nutrition.
An increasing preference for healthy lifestyle and good eating habits along with living active lifestyle will pave a way for the growth of the global market. A rise in the cases of chronic disorders including diabetes and heart disorders has enhanced the demand for personalized nutrition, thereby driving the global market trends.
Huge prices of personalized foods can inhibit the growth of the global industry
Rising costs related to personalized food supplements along with easy access to synthetic ingredients at lesser costs has hindered the growth of the global personalized nutrition industry.
Escalating health & fitness awareness to open new horizons of growth for the global market
Growing health consciousness among the customers regarding benefits offered by personalized nutrition is likely to create a plethora of growth opportunities for the global personalized nutrition market.
Severe legislations related to precision nutrition can have a massive impact on the growth of the global industry
Strict laws governing personalized nutrition business along with changing nutritive care standards can create slew of challenges for the global personalized nutrition industry.
The global personalized nutrition market is divided into product type, application, end-use, and region.
In product type terms, the personalized nutrition market across the globe is segregated into active measurement and standard measurement segments. Furthermore, the active measurement segment, which acquired nearly 49% of the global market revenue in 2023, is projected to record the fastest rate of growth in the forecast timeframe. The expansion of the segment in the next few years can be subject to rise in the customer awareness about personalized nutrition services from the information the customers acquire through apps, plans, and kits.
On the basis of application, the global personalized nutrition industry is segmented into standard supplements and disease-based supplements segments. Additionally, the standard supplements segment, which accrued a major share of the global industry in 2023, is anticipated to lead the segmental landscape in the next couple of years. The segmental expansion from 2024 to 2032 can be ascribed to easy availability of product in standard supplements in powders, capsules, and liquid forms. Additionally, these products are nutritive supplements and are in demand from consumers as they boost the health of individuals.
Based on the end-use, the global personalized nutrition market is divided into direct-to-consumer, hospitals & clinics, and wellness & fitness centers segments. Furthermore, the direct-to-consumer segment, which accounted majorly towards the global market earnings in 2023, is predicted to record the highest growth rate in the forecast timespan. The expansion of the segment in the upcoming years can be credited to rise in the consumption of nutritive-rich diet by consumers. In addition to this, an increase in the acceptance of vegan, keto, plant-based food, and paleo has translated into rise in the demand for personalized nutrition by households, thereby steering the segmental surge.
Report Attributes | Report Details |
---|---|
Report Name | Personalized Nutrition Market |
Market Size in 2023 | USD 15.33 Billion |
Market Forecast in 2032 | USD 38.52 Billion |
Growth Rate | CAGR of 10.78% |
Number of Pages | 220 |
Key Companies Covered | DNA Fit, Nutralliance Inc., Balchem Corporation, Arizona Nutritional Supplements, Mixfix Inc., Asiamerica, Maat Nutritionals, Natures Product Inc., Superior Supplement Manufacturing, Barrington Nutritionals, Ingredients, Metagenetics Inc., and others. |
Segments Covered | By Product Type, By Application, By End-Use, and By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA) |
Base Year | 2023 |
Historical Year | 2018 to 2022 |
Forecast Year | 2024 - 2032 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
North America is predicted to maintain the leading position in the global personalized nutrition market in the forthcoming years
North America, which contributed about 50% of the global personalized nutrition market earnings in 2023, is expected to lead the global market surge in the next eight years. Apart from this, the regional market expansion in the ensuing years can be subject to escalating health consciousness among the customers along with rising disposable incomes of the people in the countries such as Canada and the U.S. A large-scale presence of key players in the countries such as the U.S. has prompted the demand for personalized nutrition in the region. Genetic testing for obtaining personalized diet recommendations has become a current trend in the U.S. and this is likely to spur the growth of the market in the region. Thriving digital healthcare sector in North America will expedite the expansion of the market in the region.
The Asia-Pacific personalized nutrition industry is slated to register the fastest CAGR in the coming years. The expansion of the industry in the APAC zone can be credited to growing awareness of dietary supplements for specific dietary requirements of an individual. Additionally, flourishing nutraceuticals & functional foods sector in the countries such as India and China along with rise in the health & fitness consciousness among the people of the region will steer the regional industry growth.
The global personalized nutrition market profiles key players such as:
By Product Type
By Application
By End-Use
FrequentlyAsked Questions
Personalized nutrition also referred to as precision nutrition focuses on individual rather than group of persons. It also includes surveying of genetics of individuals, their food habits, physical movements, and microbiome.
The global personalized nutrition market growth over forecast period can be owing to a an increasing preference for healthy lifestyle and good eating habits along with living active lifestyle.
According to a study, the global personalized nutrition industry size was $15.33 billion in 2023 and is projected to reach $38.52 billion by the end of 2032.
The global personalized nutrition market is anticipated to record a CAGR of nearly 10.78% from 2024 to 2032.
The Asia-Pacific personalized nutrition industry is set to register the fastest CAGR over the forecasting timeline owing to growing awareness of dietary supplements for specific dietary requirements of an individual. Additionally, flourishing nutraceuticals & functional foods sector in the countries such as India and China along with rise in the health & fitness consciousness among the people of the region will steer the regional industry growth.
The global personalized nutrition market is led by players such as DNA Fit, Nutralliance, Inc., Balchem Corporation, Arizona Nutritional Supplements, Mixfix, Inc., Asiamerica, Maat Nutritionals, Natures Product Inc., Superior Supplement Manufacturing, Barrington Nutritionals, Ingredients, and Metagenetics, Inc.
The global personalized nutrition market report covers the geographical market along with a comprehensive competitive landscape analysis. It also includes cash flow analysis, profit ratio analysis, market basket analysis, market attractiveness analysis, sentiment analysis, PESTEL analysis, trend analysis, SWOT analysis, trade area analysis, demand & supply analysis, Porter’s five force analysis, and value chain analysis.
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