The global Personalized Retail Nutrition And Wellness Market size is expected to reach USD 3.3 billion by 2028, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 7.9% from 2021 to 2028. The market growth can be attributed to the factors such as driving nutrition strategies, growing focus on nutrigenomics and nutrigenetics, a shift in the healthcare paradigm, and integration of data science for the development of innovative personalized nutrition.
In addition, nutrigenomics is gaining momentum owing to
the rising number of studies for understanding the interrelation of nutrients
with an individual’s genetic make-up. For instance, in May 2020, researchers
revealed the role of flavonol intake in cardiometabolic diseases with the
application of systematic bioinformatics analysis. The analysis revealed genes
that are involved in leukocyte adhesion, lipid metabolism, and transendothelial
migration. In addition, the study also analyzed the nutrigenomic effects of the
compound in intestinal cells and their role in the metabolism of circulating
lipoproteins.
Moreover, the companies operating in the market for
personalized retail nutrition and wellness are heavily investing in bringing
innovative solutions for sufficing nutritional diet in individuals, which is
further contributing to market growth. Companies are investing in enhancing
technologies that can help in the development of new product lines related to
microbiota, nutrition, and digital health.
For instance, in November 2020, ADM Ventures announced
its investment in Seventure’s Health For Life Capital (HFLC) Fund II. The
company works with the Seventure team for identifying opportunities with the
application of microbiome solutions for developing dietary supplements and other
food and beverage applications. Hence, companies are extensively discovering
and leveraging new nutritional ingredients for treating chronic diseases and
common ailments.
Furthermore, the COVID-19 pandemic has a positive impact
on the growth of the market for personalized retail nutrition and wellness. The
demand for vitamins, minerals, and supplements is growing at an exponential
rate owing to its potential role in the management of COVID-19. Several
vitamins and minerals such as vitamins C, vitamin D, and zinc, have
immunomodulatory functions and have a vital role in preserving physical tissue
barriers. Hence, the demand for such nutrients for optimizing the immune system
to prevent or lower the risk of COVID-19 infection is further contributing to the
growth of the market for personalized retail nutrition and wellness.
Related Press
Release@ Personalized
Retail Nutrition And Wellness Market Report
Personalized Retail Nutrition And Wellness Market Report
Highlights
- The
repeat recommendation segment accounted for the largest revenue share in
2020 owing to the rising launch of commercial apps for monitoring an
individual’s lifestyle and health
- In
the repeat recommendation segment, the functional foods segment dominated
the market in 2020 owing to the high adoption of commercially available
products for analyzing lifestyle patterns of the patients
- The
orthopedics, musculoskeletal, and spine segment held a substantial market
share in 2020 due to the high demand for nutrient-based recommendations
for the management or prevention of chronic diseases such as
cardiovascular disease, obesity, and diabetes
- In
the fixed recommendation segment, the dietary supplements and
nutraceuticals segment is expected to witness lucrative growth owing to
the growing incidence of lifestyle-based diseases
- North
America held the largest revenue share in 2020. Growth in this region is
owing to the presence of key players and extensive R&D activities
- In
Asia Pacific, the market is expected to witness significant growth over
the forecast period owing to the reducing sequencing price and
nutrigenomic testing, making it more accessible to population across the
region
- Companies
operating in the market are launching new personalized nutrition products.
For instance, in April 2020, Nestlé launched NESQINO, a personalized
healthy drink series made from 100 percent natural ingredients
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
No comments:
Post a Comment