Newark, Sept. 07, 2023 (GLOBE NEWSWIRE) — The global personalized nutrition market is poised for substantial growth, projected to surge from USD 0.98 billion in 2020 to USD 3.56 billion by 2030. This growth trend, at a robust CAGR of 9.6%, is expected to persist throughout the forecast period from 2021 to 2030. The driving forces behind this expansion are rooted in the escalating healthcare expenditure observed across the global population.
Personalized nutrition, a tailored approach to dietary planning, hinges on the principle of customizing nutritional guidance provided by dietitians and various dietary experts. The goal is to effect dietary modifications that optimize health and well-being, thereby mitigating the risks associated with diseases such as obesity, heart disease, and type 2 diabetes.
A comprehensive study titled “Personalized Nutrition Market Size” conducted by The Brainy Insights encompasses an analysis of derivatives, applications, regional dynamics, and industry trends. This study provides critical insights and forecasts spanning the period from 2021 to 2030.
Key Highlights:
Rising Trend of Health Monitoring Apps: The personalized nutrition market benefits from the increasing prevalence of health monitoring applications, which facilitate the tracking and customization of dietary plans to individual health needs.
Complications Involved with the Personalized Nutrition Plan: Despite its growth prospects, the personalized nutrition market faces challenges associated with the complexity of developing and implementing customized dietary plans.
Dominance of Repeat Recommendation Segment: Within the recommendation segment, repeat recommendations took the lead in 2020. This segment’s prominence is attributed to personalized dietary plans crafted by dietitians and nutritionists, contributing to overall health.
Dietary Supplements & Nutraceuticals Lead the Market: In 2020, the dietary supplements & nutraceuticals segment outshone others. This segment’s dominance is linked to the growing acceptance and adoption of supplements. As lifestyle-related health issues proliferate, nutritional supplements are being embraced to maintain optimal health.
Powder Segment to Witness Highest Growth: Among dosage forms, the powder segment is forecasted to exhibit the highest growth during the projection period. This surge is driven by the increasing availability of supplement products in powder format.
Regional Segmentation Analysis:
The global market is scrutinized across five key regions: North America, Europe, Asia Pacific, South America, and the Middle East and Africa.
North America Dominates: North America led the market with a valuation of USD 364.5 million in 2020. The region’s growth is underpinned by a significant presence of nutrition industry organizations and healthcare institutes in the United States. Furthermore, the utilization of FDA-approved ingredients in the production of functional food products is poised to stimulate regional market growth.
Asia Pacific Shows Strong Growth Potential: Asia Pacific is projected to register the highest CAGR during the forecast period. This growth trajectory is fueled by increasing disease awareness and a parallel rise in healthcare expenditure.
As the global population continues to prioritize personalized approaches to nutrition, the personalized nutrition market is expected to sustain its upward trajectory, offering opportunities for innovation and growth in the years to come.