Personalized Nutrition And Supplements Market to Grow with a CAGR of 13.19% through 2028
Growing concerns about
inadequate nutrition, and a large geriatric population is expected to drive the
Global Personalized Nutrition And Supplements Market growth in the forecast
period, 2024-2028.
According to TechSci Research
report, “Personalized Nutrition And Supplements Market – Global Industry
Size, Share, Trends, Competition Forecast & Opportunities, 2028”,
the Global Personalized Nutrition And Supplements Market stood at USD 42.01 billion in 2022 with a CAGR of 13.19% through 2028
Government initiatives in the
Personalized Nutrition and Supplements Market are gaining momentum worldwide.
Governments are increasingly recognizing the potential benefits of personalized
nutrition in improving public health and reducing healthcare costs. Initiatives
include funding research on personalized nutrition's impact on chronic
diseases, promoting awareness campaigns, and creating regulatory frameworks to
ensure product safety and efficacy. Additionally, some governments are
incentivizing healthcare providers to incorporate personalized nutrition into
patient care. These initiatives aim to harness the potential of personalized
nutrition to address health challenges, enhance well-being, and ultimately
create a more sustainable and efficient healthcare system.
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Personalized Nutrition And Supplements Market.”
Growing concerns about inadequate
nutrition are a significant driving force behind the expansion of the
Personalized Nutrition and Supplements Market. Several factors contribute to
these concerns: In many regions, inadequate access to nutrient-rich foods or
poor dietary choices can lead to nutrient deficiencies. These deficiencies can
result in various health issues, prompting individuals to seek personalized
solutions. The prevalence of chronic diseases like obesity, diabetes, and
cardiovascular disorders is increasing globally. Nutritional imbalances play a
crucial role in the development and management of these conditions, emphasizing
the need for personalized nutritional interventions.
Increased access to health
information and nutrition education has made consumers more aware of the
importance of balanced diets. Many individuals are proactively looking for ways
to optimize their nutrition to prevent health problems. As the global
population ages, the need for tailored nutritional support becomes more
apparent. Older adults often require specialized nutrition to address
age-related health issues and maintain their well-being. Technological
advancements, such as genetic testing and health monitoring apps, enable
individuals to gain insights into their unique nutritional needs, fueling
demand for personalized solutions. In response to these concerns, the
Personalized Nutrition and Supplements Market offers personalized dietary plans
and supplements, catering to individual requirements and addressing nutrient
deficiencies, ultimately promoting better health and well-being.
A large geriatric population is a
substantial driver of the Personalized Nutrition and Supplements Market for
several critical reasons. Elderly individuals often have specific health
challenges, such as age-related chronic diseases, reduced nutrient absorption,
and altered dietary preferences. Personalized nutrition can address these
unique needs by tailoring dietary plans and supplements to their requirements. Many
older adults experience nutrient deficiencies due to factors like reduced
appetite and impaired digestion. Personalized supplements can bridge these gaps
by delivering targeted nutrients in appropriate forms and dosages. Chronic
diseases like osteoporosis, cardiovascular conditions, and diabetes are
prevalent among the elderly. Personalized nutrition can play a pivotal role in
managing these conditions, offering dietary guidance to minimize symptoms and
improve overall health. Personalized nutrition not only supports physical
health but also contributes to cognitive function and mental well-being.
Tailored nutritional plans can help maintain vitality, cognitive sharpness, and
a higher quality of life in old age. As life expectancy increases, there is a
growing emphasis on maintaining an active and healthy lifestyle in later years.
Personalized nutrition empowers seniors to optimize their diets, promoting
active aging and longevity. The global aging trend with a growing population of
older adults further fuels the demand for personalized nutrition and
supplements, creating a substantial market opportunity. In conclusion, a large
geriatric population drives the Personalized Nutrition and Supplements Market
by necessitating tailored dietary solutions to support the unique health needs
of seniors, enhance their quality of life, and promote healthy aging.
The Global Personalized Nutrition
And Supplements Market is segmented into By Ingredient, Dosage Form, Distribution
Channel, Region, and company.
Based on the Dosage Form, Capsules
are considered the fastest-growing segment in the Personalized Nutrition and
Supplements Market due to their versatile and consumer-friendly attributes.
Capsules offer a compelling combination of customization, ease of consumption,
and efficient nutrient delivery, which appeals to a broad spectrum of
consumers. Firstly, capsules allow for precise customization of nutrient
formulations. Different ingredients can be encapsulated within a single
capsule, enabling a personalized blend of vitamins, minerals, and other
supplements tailored to an individual's unique nutritional requirements. This
flexibility resonates with consumers seeking highly individualized health
solutions.
Secondly, capsules are convenient
and easy to swallow, making them suitable for a wide demographic, including
children, older adults, and individuals with difficulty swallowing larger
tablets or pills. This accessibility contributes to their popularity. Moreover,
capsules' outer shells protect sensitive ingredients from external factors such
as light and air, preserving their potency and shelf life. This ensures that
consumers receive the full benefit of the supplements they take. Overall,
capsules offer a versatile, customizable, and convenient solution in the
Personalized Nutrition and Supplements Market. As consumer awareness of
personalized health and wellness grows, the demand for these adaptable and
user-friendly products is expected to continue driving the segment's rapid
growth.
Based on region, Asia Pacific is
emerging as the fastest-growing segment in the Personalized Nutrition and
Supplements Market, driven by a convergence of key factors that uniquely
position the region for substantial market expansion. Firstly, the Asia Pacific
region is witnessing a remarkable economic transformation, with a burgeoning
middle-class population that is increasingly health-conscious and willing to
invest in personalized wellness solutions. Rising disposable incomes are enabling
consumers to prioritize their health and seek tailored nutritional options. Secondly,
the region's diverse and dynamic demographics play a pivotal role. With varying
dietary preferences, lifestyles, and genetic predispositions across countries,
personalized nutrition and supplements can cater to a wide array of individual
needs.
Thirdly, advancements in
technology and healthcare infrastructure are facilitating the growth of
personalized nutrition. The availability of genetic testing, wearable health
devices, and telehealth services enables individuals to access personalized
health insights and recommendations. Furthermore, government initiatives
promoting health and wellness, coupled with a growing awareness of preventive
healthcare, are propelling the demand for personalized solutions. In summary,
the Asia Pacific region's expanding middle class, diverse demographics,
technological advancements, and evolving healthcare landscape converge to
create a fertile ground for the rapid growth of the Personalized Nutrition and
Supplements Market, making it the fastest-growing segment in the global market.
Major companies operating in
Global Personalized Nutrition And Supplements Market are:
- Amway Corporation
- Superior Supplements Inc
- Metagenics, Inc.
- Nutralliance, Inc.
- Archer Daniels Midland Company (ADM)
- Viome Life Sciences, Inc.
- DNAFit Life Sciences Ltd
- Abbott Laboratories Inc
- Herbalife International of America, Inc.
- GX Sciences, LLC
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“The Personalized Nutrition and
Supplements Market is poised for a significant surge in the coming years. This
anticipated growth is driven by a rising global awareness of the critical link
between nutrition and overall health. Consumers are increasingly seeking
tailored solutions to meet their unique dietary needs and wellness goals.
Advances in biotechnology, genetic testing, and data analytics are enabling
more precise customization of supplements and dietary plans. Furthermore, as
healthcare systems emphasize prevention and holistic health, personalized
nutrition is becoming a fundamental part of the healthcare ecosystem. The
combination of these factors is expected to propel the market forward, offering
individuals effective and personalized ways to optimize their well-being.,”
said Mr. Karan Chechi, Research Director with TechSci Research, a
research-based management consulting firm.
“Personalized
Nutrition And Supplements Market – Global Industry Size, Share, Trends,
Opportunity, and Forecast, 2018-2028 Segmented By Ingredient (Proteins &
Amino Acid, Vitamins, Minerals, Probiotics, Herbal/Botanic), By Dosage Form
(Tablets/Capsules, Liquids, Powders, Other Forms), By Distribution Channel (Supermarkets/Hypermarkets,
Specialty Stores, Retail Pharmacies, Online Pharmacies & E-Commerce Sites),
By Region, Competition”, has evaluated the future growth potential
of Global Personalized Nutrition And Supplements Market and provides statistics
& information on market size, structure, and future market growth. The
report intends to provide cutting-edge market intelligence and help decision
makers take sound investment decisions. Besides, the report also identifies and
analyzes the emerging trends along with essential drivers, challenges, and
opportunities in Global Personalized Nutrition And Supplements Market.
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