The
global Personalized Retail Nutrition & Wellness Market size
is expected to reach USD 50.0 billion by 2025, according to a new report by
Grand View Research, Inc., exhibiting a 9.1% CAGR over the forecast period.
Increase in demand for preventive health measures, rising trend for
customization in the food sector, focus on healthier eating, and rising ongoing
activities in nutrigenomics have strengthened the development of personalized
nutrition products.
Concerns
with respect to healthy lifestyle in order to gain optimum nutrition and
preventing various illnesses is rising among the public. Factors pronouncing
such concerns include inadequate nutrition in daily diet and sedentary
lifestyle.
Currently,
substantial marketed products are being produced and provided by startup
companies such as STYR, Food Marbel, and Habit Food Personalized, LLC.
Introduction of artificial intelligence-based algorithms to better track health
data on routine basis has prompted medium-sized as well as well-established
food and soft drink manufactures to design and develop various customized
programs for people’s health and well-being.
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https://www.grandviewresearch.com/industry-analysis/personalized-retail-nutrition-wellness-market
Further key findings from the report suggest:
- Based on
product type, the market is bifurcated into dietary supplements &
nutraceuticals and functional foods. Dietary supplements &
nutraceuticals is projected to be the fastest growing segment owing to
rising concern among people about lack of nutrition in their diet
- Vitamin
dietary supplements held the largest share over other supplements owing to
high market penetration of products in this segment. A major percentage of
the U.S. population consume dietary intakes of vitamin A, C, D, and E
- The
functional food products segment is fueled by easy availability of
fortified products and changes in regulatory structure. Functional foods
for protein source dominated the overall market owing to high usage rate
of protein-enriched foods among athletes
- With respect
to region, North America is estimated to emerge as the leading market in
terms of revenue. This is primarily due to well-established food and
biotechnology industries in U.S., coupled with presence of several
personalized nutrition companies in the country
- Habit Food
Personalized, LLC; Nima Labs, Inc.; Pfizer, Inc.; and Bayer AG are some
key companies operating in this market. These players are focused on
research activities for customized wellness product development.
Grand
View Research has segmented the global personalized retail nutrition &
wellness market on the basis of product type and region:
Personalized Retail Nutrition & Wellness Product Type
Outlook (Revenue, USD Million, 2014 - 2025)
- Dietary
Supplements & Nutraceuticals
- Vitamins
- Proteins
- Minerals
- Amino Acids
- Enzymes
- Others
- Functional
Foods
- Proteins
- Vitamins
- Dietary Fibers
- Fatty Acids
- Minerals
- Prebiotics & Probiotics
- Carotenoids
Personalized Retail Nutrition & Wellness Regional
Outlook (Revenue, USD Million, 2014 - 2025)
- North
America
- U.S.
- Canada
- Europe
- France
- Germany
- Spain
- Italy
- Switzerland
- U.K.
- Russia
- Poland
- Hungary
- Asia Pacific
- China
- Japan
- India
- Australia
- Indonesia
- Philippines
- Vietnam
- Latin
America
- Brazil
- Mexico
- Ecuador
- Middle East
& Africa
- Saudi Arabia
- Iran
- South Africa
About Us:
Grand View Research, Inc. is a U.S. based market
research and consulting company, registered in the State of California and
headquartered in San Francisco. The company provides syndicated research
reports, customized research reports, and consulting services. To help clients
make informed business decisions, the company offers market intelligence
studies ensuring relevant and fact-based research across a range of industries
including technology, chemicals, materials, healthcare and energy.
Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc
Phone: 1-415- 349-0058
Toll Free: 1-888- 202-9519
Email: sales@grandviewresearch.com
For More Information: https://www.grandviewresearch.com
Blog: https://healthcareforecastreport.blogspot.com/
Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc
Phone: 1-415- 349-0058
Toll Free: 1-888- 202-9519
Email: sales@grandviewresearch.com
For More Information: https://www.grandviewresearch.com
Blog: https://healthcareforecastreport.blogspot.com/
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