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Personalized Nutrition Market: New Report Offers Analysis Onthe Market 2023-2032

02-28-2023 09:02 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: REPORTS PUBLISHER

Personalized Nutrition Market: New Report Offers Analysis

The personalized nutrition market is poised for a remarkable journey, taking it from a market value of USD 11.3 billion in 2022 to a predicted USD 23.3 billion by 2027, with a projected compound annual growth rate (CAGR) of 15.5%.

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This presents a huge canvas of growth for the industry, making it an exciting and promising arena for investment and development. These estimates highlight the enormous potential and exciting future of the industry. The global market is being propelled forward by a perfect storm of technological advancements and heightened awareness of the crucial role that personalized nutrition plays in maintaining good health and preventing chronic diseases. Personalized nutrition plans offer a customized roadmap to optimal health and wellness, providing tailored recommendations for food, supplements, and other health products.

Personalized Nutrition Market Dynamics

Drivers: Shift in consumer preferences due to the rising health awareness
As people become more conscious of holistic well-being, the demand for personalized diets and supplements has increased significantly. The growing consumer health awareness and rising disposable income across regions have encouraged people to shift to personalized nutrition. The changing consumer preferences for health and wellness products have led to high demand for individually customized diets.

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Opportunities: Increasing innovations and advancements in technologies
The personalized nutrition business is projected to witness growth in the coming years, and technology will remain one key factor supporting this growth. With the increasing advancements in technology, consumers now have a better understanding of their health and well-being, which leads to high demand for customized products, considering their health and lifestyle.

Challenges: Presence of regulations in the personalized nutrition market
The standard supplements segment is projected to account for a larger share during the forecast period, by application type.
By end use, the direct-to-consumer segment is projected to hold the largest market share during the forecast period.

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Key players in the global personalized nutrition market include Amway (US), BASF (Germany), DSM (Netherlands), Herbalife Nutrition Ltd (US), DNAfit (UK), Care/of (US), Nutrigenomix (US), Zipongo (US), Viome (US), Habit (US), and Atlas Biomed Group Limited (UK). These players have broad industry coverage and high operational and financial strength.

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REPORTS PUBLISHER is a market research and consultative company that provides market research reports and business insights to large and small & medium enterprises. The company supports its clients to conceive business policies and accomplish sustainable growth in their particular market domain.

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