Personalized Retail Nutrition and Wellness Market Size, Share, Growth and Value 2032

Personalized Retail Nutrition and Wellness Market Insights

According to a report from Zion Market Research, the global Personalized Retail Nutrition and Wellness Market was valued at USD 14.02 Billion in 2023 and is projected to hit USD 23.29 Billion by 2032, with a compound annual growth rate (CAGR) of 5.8% during the forecast period 2024-2032. This report explores market strengths, weakness, opportunities, and threats. It also provides valuable insights into the market's growth drivers, challenges, and the future prospects that may emerge in the Personalized Retail Nutrition and Wellness Market industry over the next decade.

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Personalized Retail Nutrition and Wellness Market: Synopsis

Personalized retail nutrition & wellness items are being adopted by youths across the globe with the need to stay fit & healthy. The surge in the use of food supplements for nutrient assimilation and recommendation for personalized retail nutrition will define the growth of the personalized retail nutrition and wellness market. Furthermore, personalized nutrition is referred to as nutritional recommendations for promoting & maintaining health and preventing of ailments.

Apparently, personalized retail nutrition indorses good health as it offers adequate energy, minerals, proteins, macronutrients, essential fats, vitamins, and micronutrients for fulfilling the metabolic requirements of the body. Need to know the health dynamics of an individual and integration of personalized predictive models in the personalized nutrition & health sector will steer the growth of the personalized retail nutrition and wellness market.

Personalized Retail Nutrition and Wellness Market: Growth Dynamics

Customer acceptance of personalized nutrition from the point of view of benefit-risk trade-off will prompt the expansion of the personalized retail nutrition and wellness market over 2023-2032. Reportedly, dietary patterns are true contributors to ailments such as heart disorders, cancer, type 2 diabetes, and stroke. Though it has been proved that there is a relation between food eating patterns and disease, interventions to change food habits & thereby enhance the health of individuals & well-being have not been very successful strategies.

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However, personalization of these interventions has proved to be more effective in altering the eating habits of individuals and thereby bringing favorable health outcomes for individuals. This, in turn, will proliferate the growth of the personalized retail nutrition and wellness market size in upcoming years.

Furthermore, the highlight of researchers on Nutrigenomics & Nutrigenetics and the use of data science in the development of personalized nutrition will drive the industry landscape. Growing focus on developing new product lines pertaining to digital health, microdata, and nutrition will prompt business growth in the foreseeable future. Apart from this, an outbreak of the COVID-19 pandemic has a favorable impact on the expansion of the personalized retail nutrition and wellness market as vitamins & apt dietary supplements can play an effective role in COVID-19 disease management due to their ability to enhance the immunity of the human body.

Personalized Retail Nutrition and Wellness Market: Report Scope

Personalized Retail Nutrition and Wellness Market:  Regional Landscape

North America To Make Major Contributions Toward Overall Market Revenue By 2032

The growth of the personalized retail nutrition and wellness market in North America can be credited to escalating demand for functional diets in countries such as the U.S. & Canada. Citing an instance, protein supplements are gaining prominence and have become a part & parcel of routine consumer diet in countries such as Canada and the U.S. Furthermore, the presence of major participants, as well as the introduction of new products in the sub-continent and surge in approval of functional foods by U.S. FDA., will drive regional market trends.

Personalized Retail Nutrition and Wellness Market:  Competitive Landscape

Key participants profiled in the study include 

• Bayer AG
• Cargill.Inc.
• Tracxn Technologies
• PlateJoy
• Noom. Inc.
• Viome
• Foodsmart. Inc.
• BitBite. Inc.
• Savor Health
• Healbe
• Nutrigenomix
• AIRO Health Care Private Limited
• BiogeniQ Incorporation
• Pfizer. Inc.
• Herbalife International of America. Inc.
• Tellspec
• Reckitt Benckiser Group LLC
• DowDuPont.

The global Personalized Retail Nutrition and Wellness Market is segmented as follows:

By Product Type

• Dietary Supplements
• Functional Foods
• Functional Beverages

By End-User

• Hospitals & Clinics
• Wellness & Fitness Centers

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa