Industry Background:
The functional food and nutraceutical market observed significant growth in the past few years. Personalized nutrition uses information on individual characteristics to develop targeted nutritional advice, products, or services to assist people to achieve a lasting dietary change in behavior that is beneficial for health. Advancements in metabolic profiling technologies have enabled the investigation of nutrition requirements of an individual which subsequently drives the development of personalized programs. Furthermore, incorporation of a patient’s nutritional background with the available scientific literature as well as genomic data aids in the advancement of the personalized approach for the retail of products that promote health and wellness.
This growth is primarily driven by The aging population to drive the market growth and Increasing innovations and advancements in technologies.
Globally, a noticeable market trend is evident Shift in consumer preferences due to rising health awareness
. The Health Care Supplies sector in the North America region has been increasing at a sustainable rate and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Players, such as BASF SE (Germany), DSM (Netherlands), Herbalife Nutrition Ltd. (United States), Amway (United States), Care/Of (United States), Habit food personalized, LLC (United States), Persona (United States), DNAfit (United Kingdom), Wellness Coaches (United States) and Atlas Biomed Group Limited (United Kingdom) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
On 19th March 2018, Newtrition®, BASF’s human nutrition brand, will introduce a wide variety of nutritional solutions to reduce the risk factors in chronic diseases, at Food Ingredients China (FIC) from March 22 – 24, 2018. For the first time, a personalized assessment of selected health biomarkers through point-of-care testing devices and dried blood spot kits will be provided at the BASF booth in the Personalized Nutrition area.
Market Drivers
- The aging population to drive the market growth
- Increasing innovations and advancements in technologies
Market Trend
- Shift in consumer preferences due to rising health awareness
- The growing trend of digital healthcare
Restraints
- The high cost of dietary supplements and nutrition plans
Opportunities
Collaborations and strategic partnerships present growth opportunities for personalized nutrition
Challenges
Presence of regulations in the personalized nutrition market
AMA Research follow a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcase the spontaneously changing Players landscape impacting the growth of the market. Furthermore, our market researchers extensively analyse the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts, but also include significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Personalized Nutrition Study Sheds Light on
The Personalized Nutrition Market status quo and key characteristics. To end this, Analyst at AMA organize and took survey of the Personalized Nutrition industry Players. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Personalized Nutrition industry is heading and what are the top priorities. Insights are drawn from financial analysis, the survey and interviews with key executives and industry experts.
How every company in this diverse set of Players can best navigate the emerging competition landscape and follow a strategy that helps them position to hold value they currently claim, or capture the new addressable opportunity.