Global Personalized Nutrition: Market Trends and Forecast
The increase in awareness relating to the benefits of consuming nutrients has motivated consumers to opt for a personalized approach. This growing awareness among the consumer has increased the acceptance of products that have a high value of nutrition which drives the demand for personalized nutrition. However, innovations, as well as a rise in the investments and collaborations by the major players in the market of personalized nutrition, are factors enhancing the growth opportunities for the leading players. Still, the cost of nutrition and dietary supplements is the main factor that is projected to hinder the growth of the market.
Bearing in mind the set of parameters based on physical activities, genetic profiles, age, nutritional habits, and much more has been created to recommend the personalized diet.
With this report, you will undoubtedly identify the major industry players, key technology advancements and application areas that are vital for creating future growth in innovation and enhance the market potential of the new products in personalized nutrition. The enhancement in the global predominance of the malnutrition, lifestyle disorders, and poor health are resulting factors for personalized nutrition with CAGR of 9.3% in the year 2018.
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Future Market of Personalized Nutrition
As per the suitability of utilization and quick monitoring of all tools, wearable devices, and biosensors will be resulting in increased growth of different players in the industry. Some of the considerable marketed products created and offered by some startups in the industry include Bulu Box, FitGenie, and 23andMe. The introduction of the AI to track the health data better daily will change several aspects of customized nutrition. Tracking of several physical parameters and biomarkers is done by several electronic devices. The focus of the industry to develop app-based tracking devices and biosensors which can recognize and provide data to consumers without any delay.
The personalized nutrition solutions provide the distributors with a powerful tool for customized meals as well as supplement programs as per their client needs. It also encourages the nutrition centers to form new partnerships to bring a more holistic solution of nutrition to the marketplace. Moreover, strict government regulation and poor infrastructure remain the main challenge for customized nutrition during the period of forecast.
Personalized Nutrition Improves the Health of Individuals with Obesity, Diabetes and Cardiovascular Diseases
Customized nutrition is highly beneficial and better as personalized medicines to minimize the risk of several diseases such as diabetes, obesity, cardiovascular disease, rheumatoid arthritis, cancer, etc. It might assist in curbing high food intake, which subsidizes to weight gain and obesity. The potential market for customized nutrition is significant as it applied to both the healthy and people suffering from the disease. Thus, opportunities for personalized nutrition will enhance to maintain health. This rising in personalized nutrition is direct information through the internet and saves costs as well as the time of visiting a diet expert or clinic.
Major Players
- NESTEC
- DSM
- IBM
- MIDEA GROUP
- GOOD MEASURES
- HANACOMMTECH
- I SENS
- KRAFT FOODS
Table of Content (TOC)
- Executive summary
- Research Methodology
- Current Consumer’s demands/needs
- Need and benefits of personalized nutrition
- Market potential and impact
- Personalized nutrition Avenues
- How to accomplish (Screening Criteria for Personalized Nutrition)
- What it can do?
- What companies can offer (Nutritional Recommendations)
- Where it will help (Application Areas)
- Key Industry Players
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