Personalized Nutrition Global Market Report 2024

Description

“Personalized Nutrition Global Market Report 2024 ” from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on personalized nutrition market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

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Where is the largest and fastest growing market for personalized nutrition? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The personalized nutrition market global report ” from The Business Research Company answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.

Scope

Markets Covered:

1) By Product Type: Personalized Supplements; Personalized Diet Plans; Personalized Beverages; Diseases Based
2) By Form: Tablets; Capsules; Powder; Liquid; Other Forms
3) By Measurement Method: Active Measurements; Standard Measurements
4) By End User: Direct-To-Consumer; Wellness And Fitness Centers; Hospitals And Clinics; Institutions; Food Delivery Services
Companies Mentioned: BASF SE; Koninklijke DSM N.V.; Herbalife Nutrition Ltd.; Amway Corporation; DNAfit Life Sciences Limited
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Delivery format: PDF, Word and Excel Data Dashboard.

Executive Summary

Personalized nutrition involves creating a tailored nutrition plan for an individual based on their unique genetic makeup, health history, and current health status. This approach takes into account various factors such as age, gender, weight, activity level, and specific health concerns or conditions that may require attention through diet.

The main products in personalized nutrition include personalized supplements, personalized diet plans, personalized beverages, and disease-specific products. Personalized supplements are designed to address particular health concerns, support overall health and wellness, and assist individuals in achieving specific goals such as weight loss or muscle building. These products are available in various forms such as tablets, capsules, powders, liquids, and others. Personalized nutrition can be measured through active measurements, standard measurements, and is utilized by direct-to-consumer platforms, wellness and fitness centers, hospitals and clinics, institutions, and food delivery services.

The personalized nutrition market research report is one of a series of new reports from The Business Research Company that provides personalized nutrition market statistics, including personalized nutrition industry global market size, regional shares, competitors with a personalized nutrition market share, detailed personalized nutrition market segments, market trends and opportunities, and any further data you may need to thrive in the personalized nutrition industry. This personalized nutrition market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The personalized nutrition market size has grown rapidly in recent years. It will grow from $14.38 billion in 2023 to $16.61 billion in 2024 at a compound annual growth rate (CAGR) of 15.6%. The growth observed in the historical period can be attributed to several factors, including advancements in genomics, increasing health awareness and wellness trends, greater consumer empowerment, a rise in chronic diseases prompting personalized dietary approaches, and innovation within the food industry to cater to individualized nutrition needs. These factors collectively contributed to the evolution and acceptance of personalized nutrition approaches.

The personalized nutrition market size is expected to see rapid growth in the next few years. It will grow to $30.17 billion in 2028 at a compound annual growth rate (CAGR) of 16.1%. The anticipated growth in the forecast period can be attributed to factors such as increased healthcare integration and wellness programs, the integration of behavioral insights, regulatory support, the development of standards, the rise of direct-to-consumer channels, and consumer demand for customization in nutrition. Major trends expected in the forecast period include a continued rise in health awareness, advancements in genomic research, the widespread use of wearable devices and health trackers, a shift in consumer behavior towards personalized nutrition, and the development of customized food products to meet individualized dietary needs.

The personalized nutrition market is anticipated to experience growth, driven by the increasing prevalence of chronic diseases. Chronic diseases are persistent conditions that, while not entirely curable, can be managed through lifestyle adjustments and medical interventions. These ailments often result from a combination of genetic, environmental, and behavioral factors. Personalized nutrition plays a crucial role in addressing chronic diseases by considering an individual's unique genetic makeup, health history, and current health status. This approach enables the creation of customized nutrition plans tailored to specific health concerns, addressing nutrient deficiencies or imbalances. For instance, as of 2022, the Centers for Disease Control and Prevention reported that approximately 37.3 million people, equivalent to 11.3% of the United States population, are affected by diabetes. Hence, the growing prevalence of chronic diseases is a driving force for the personalized nutrition market.

The growth of the personalized nutrition market is expected to be propelled by the increasing health awareness among consumers. Health awareness involves the conscious recognition and understanding of one's health status, potential risks, and the importance of adopting practices that promote overall well-being. Individuals focused on their health may seek ways to optimize their nutrient intake for better overall well-being. Personalized nutrition, considering individual nutritional needs, ensures the right balance of nutrients based on unique profiles. For instance, in July 2022, reports from Food Insight, a US-based non-profit organization, indicated that 52% of participants in the Food and Health Survey followed a specific diet or eating pattern, marking an increase from 39% in 2021. Thus, the rising health awareness among consumers is driving the growth of the personalized nutrition market.

A key trend gaining popularity in the personalized nutrition market is product innovation, with major companies utilizing advanced technology, such as artificial intelligence, to sustain their market presence. For instance, in June 2023, Ahara Corporation, a US-based precision nutrition company, introduced the Ahara Basic free plan, utilizing advanced technology to offer evidence-based precision nutrition accessible to everyone. Through a scientifically based questionnaire, users receive personalized information about essential nutrients and practical guidance to achieve their nutrition goals. This initiative aims to make personalized nutrition more accessible without financial constraints.

Major companies operating in the personalized nutrition market are adopting a strategic partnership approach to sustain their market position. This involves making personalized nutrition more accessible by creating personalized nutrition gel formulas on demand and at scale. For instance, in July 2022, Healthycell, a US-based company specializing in nutritional supplements, partnered with Panaceutics Nutrition, focusing on personalized nutrition. The collaboration aims to enable the creation of personalized nutrition gel formulas based on individual biomarker readings, enhancing accessibility and customization.

In February 2021, Nature's Way, a US-based company in natural health and wellness products, acquired Baze Labs, a German-based company specializing in personalized nutrition. This acquisition aimed to enhance customer well-being through a tailored dietary strategy based on scientific research, providing evidence-based, individualized nutrition.

Major companies operating in the personalized nutrition market report are BASF SE, Koninklijke DSM N.V., Herbalife Nutrition Ltd., Amway Corporation, DNAfit Life Sciences Limited, Wellness Coaches USA LLC, Atlas Biomed Group Limited, Persona Nutrition Inc., Nutrigenomix Inc., Habit Food Personalized LLC, Viome Life Sciences Inc., Zipongo Inc., MetaMixfix Inc., BiogeniQ Inc., Pfizer Inc., 23andMe Inc., NutraGene Inc., Nutrahacker LLC, GenoPalate Inc., Nutrigenetics and Nutrigenomics Institute., Nutri-Genetix LLC, GX Sciences LLC, Pathway Genomics Corporation, DnaNudge Limited, Toolbox Genomics LLC, NutriHealth Systems Private Limited, DNA Diet Plan .

North America was the largest region in the personalized nutrition market in 2023. Asia-Pacific is expected to be the fastest-growing region in the personalized nutrition market during the forecast period. The regions covered in the personalized nutrition market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

The countries covered in the personalized nutrition market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The personalized nutrition market consists of sales of supplements, multivitamins, herbals and botanicals. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

Product Code: r11229

1. Executive Summary

2. Personalized Nutrition Market Characteristics

3. Personalized Nutrition Market Trends And Strategies

4. Personalized Nutrition Market - Macro Economic Scenario

4.1. Impact Of High Inflation On the Market
4.2. Ukraine-Russia War Impact On the Market
4.3. COVID-19 Impact On the Market

5. Global Personalized Nutrition Market Size and Growth

5.1. Global Personalized Nutrition Market Drivers and Restraints
- 5.1.1. Drivers Of The Market
- 5.1.2. Restraints Of The Market
5.2. Global Personalized Nutrition Historic Market Size and Growth, 2018 - 2023, Value ($ Billion)
5.3. Global Personalized Nutrition Forecast Market Size and Growth, 2023 - 2028, 2033F, Value ($ Billion)

6. Personalized Nutrition Market Segmentation

6.1. Global Personalized Nutrition Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Personalized Supplements
Personalized Diet Plans
Personalized Beverages
Diseases Based
6.2. Global Personalized Nutrition Market, Segmentation By Form, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Tablets
Capsules
Powder
Liquid
Other Forms
6.3. Global Personalized Nutrition Market, Segmentation By Measurement Method, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Active Measurements
Standard Measurements
6.4. Global Personalized Nutrition Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Direct-To-Consumer
Wellness And Fitness Centers
Hospitals And Clinics
Institutions
Food Delivery Services

7. Personalized Nutrition Market Regional And Country Analysis

7.1. Global Personalized Nutrition Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
7.2. Global Personalized Nutrition Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

8. Asia-Pacific Personalized Nutrition Market

8.1. Asia-Pacific Personalized Nutrition Market Overview
Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
8.2. Asia-Pacific Personalized Nutrition Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.3. Asia-Pacific Personalized Nutrition Market, Segmentation By Form, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.4. Asia-Pacific Personalized Nutrition Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

9. China Personalized Nutrition Market

9.1. China Personalized Nutrition Market Overview
9.2. China Personalized Nutrition Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.3. China Personalized Nutrition Market, Segmentation By Form, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.4. China Personalized Nutrition Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion

10. India Personalized Nutrition Market

10.1. India Personalized Nutrition Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.2. India Personalized Nutrition Market, Segmentation By Form, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.3. India Personalized Nutrition Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

11. Japan Personalized Nutrition Market

11.1. Japan Personalized Nutrition Market Overview
11.2. Japan Personalized Nutrition Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.3. Japan Personalized Nutrition Market, Segmentation By Form, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.4. Japan Personalized Nutrition Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

12. Australia Personalized Nutrition Market

12.1. Australia Personalized Nutrition Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.2. Australia Personalized Nutrition Market, Segmentation By Form, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.3. Australia Personalized Nutrition Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

13. Indonesia Personalized Nutrition Market

13.1. Indonesia Personalized Nutrition Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.2. Indonesia Personalized Nutrition Market, Segmentation By Form, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.3. Indonesia Personalized Nutrition Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

14. South Korea Personalized Nutrition Market

14.1. South Korea Personalized Nutrition Market Overview
14.2. South Korea Personalized Nutrition Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.3. South Korea Personalized Nutrition Market, Segmentation By Form, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.4. South Korea Personalized Nutrition Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

15. Western Europe Personalized Nutrition Market

15.1. Western Europe Personalized Nutrition Market Overview
15.2. Western Europe Personalized Nutrition Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.3. Western Europe Personalized Nutrition Market, Segmentation By Form, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.4. Western Europe Personalized Nutrition Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

16. UK Personalized Nutrition Market

16.1. UK Personalized Nutrition Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.2. UK Personalized Nutrition Market, Segmentation By Form, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.3. UK Personalized Nutrition Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

17. Germany Personalized Nutrition Market

17.1. Germany Personalized Nutrition Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.2. Germany Personalized Nutrition Market, Segmentation By Form, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.3. Germany Personalized Nutrition Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

18. France Personalized Nutrition Market

18.1. France Personalized Nutrition Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18.2. France Personalized Nutrition Market, Segmentation By Form, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18.3. France Personalized Nutrition Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

19. Italy Personalized Nutrition Market

19.1. Italy Personalized Nutrition Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.2. Italy Personalized Nutrition Market, Segmentation By Form, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.3. Italy Personalized Nutrition Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

20. Spain Personalized Nutrition Market

20.1. Spain Personalized Nutrition Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.2. Spain Personalized Nutrition Market, Segmentation By Form, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.3. Spain Personalized Nutrition Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

21. Eastern Europe Personalized Nutrition Market

21.1. Eastern Europe Personalized Nutrition Market Overview
21.2. Eastern Europe Personalized Nutrition Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.3. Eastern Europe Personalized Nutrition Market, Segmentation By Form, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.4. Eastern Europe Personalized Nutrition Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

22. Russia Personalized Nutrition Market

22.1. Russia Personalized Nutrition Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.2. Russia Personalized Nutrition Market, Segmentation By Form, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.3. Russia Personalized Nutrition Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

23. North America Personalized Nutrition Market

23.1. North America Personalized Nutrition Market Overview
23.2. North America Personalized Nutrition Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.3. North America Personalized Nutrition Market, Segmentation By Form, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.4. North America Personalized Nutrition Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

24. USA Personalized Nutrition Market

24.1. USA Personalized Nutrition Market Overview
24.2. USA Personalized Nutrition Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.3. USA Personalized Nutrition Market, Segmentation By Form, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.4. USA Personalized Nutrition Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

25. Canada Personalized Nutrition Market

25.1. Canada Personalized Nutrition Market Overview
25.2. Canada Personalized Nutrition Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.3. Canada Personalized Nutrition Market, Segmentation By Form, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.4. Canada Personalized Nutrition Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

26. South America Personalized Nutrition Market

26.1. South America Personalized Nutrition Market Overview
26.2. South America Personalized Nutrition Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.3. South America Personalized Nutrition Market, Segmentation By Form, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.4. South America Personalized Nutrition Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

27. Brazil Personalized Nutrition Market

27.1. Brazil Personalized Nutrition Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.2. Brazil Personalized Nutrition Market, Segmentation By Form, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.3. Brazil Personalized Nutrition Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

28. Middle East Personalized Nutrition Market

28.1. Middle East Personalized Nutrition Market Overview
28.2. Middle East Personalized Nutrition Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.3. Middle East Personalized Nutrition Market, Segmentation By Form, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.4. Middle East Personalized Nutrition Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

29. Africa Personalized Nutrition Market

29.1. Africa Personalized Nutrition Market Overview
29.2. Africa Personalized Nutrition Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.3. Africa Personalized Nutrition Market, Segmentation By Form, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.4. Africa Personalized Nutrition Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

30. Personalized Nutrition Market Competitive Landscape And Company Profiles

30.1. Personalized Nutrition Market Competitive Landscape
30.2. Personalized Nutrition Market Company Profiles
- 30.2.1. BASF SE
  - 30.2.1.1. Overview
  - 30.2.1.2. Products and Services
  - 30.2.1.3. Strategy
  - 30.2.1.4. Financial Performance
- 30.2.2. Koninklijke DSM N.V.
  - 30.2.2.1. Overview
  - 30.2.2.2. Products and Services
  - 30.2.2.3. Strategy
  - 30.2.2.4. Financial Performance
- 30.2.3. Herbalife Nutrition Ltd.
  - 30.2.3.1. Overview
  - 30.2.3.2. Products and Services
  - 30.2.3.3. Strategy
  - 30.2.3.4. Financial Performance
- 30.2.4. Amway Corporation
  - 30.2.4.1. Overview
  - 30.2.4.2. Products and Services
  - 30.2.4.3. Strategy
  - 30.2.4.4. Financial Performance
- 30.2.5. DNAfit Life Sciences Limited
  - 30.2.5.1. Overview
  - 30.2.5.2. Products and Services
  - 30.2.5.3. Strategy
  - 30.2.5.4. Financial Performance

31. Global Personalized Nutrition Market Competitive Benchmarking

32. Global Personalized Nutrition Market Competitive Dashboard

33. Key Mergers And Acquisitions In The Personalized Nutrition Market

34. Personalized Nutrition Market Future Outlook and Potential Analysis

34.1 Personalized Nutrition Market In 2028 - Countries Offering Most New Opportunities
34.2 Personalized Nutrition Market In 2028 - Segments Offering Most New Opportunities
34.3 Personalized Nutrition Market In 2028 - Growth Strategies
- 34.3.1 Market Trend Based Strategies
- 34.3.2 Competitor Strategies

35. Appendix

35.1. Abbreviations
35.2. Currencies
35.3. Historic And Forecast Inflation Rates
35.4. Research Inquiries
35.5. The Business Research Company
35.6. Copyright And Disclaimer