Personalized Nutrition Market has been valued $ 8.2 billion in the year 2019 and it is estimated to reach $16.4 billion by the year 2026, with a CAGR of 15.0 % from 2021 to 2026. Personalized Nutrition is generally a source of high and rich quality of protein , which are mostly used by sports persons and bodybuilders, increasing consumer preferences for high-quality nutritional food , rising health awareness, the growing trend of digital solutions for healthcare, are projected to increase the personalized approaches for nutrition, these are the main factors that have considerably increased the demand for the Personalized Nutrition, thereby driving the huge growth of the Personalized Nutrition market in the upcoming years.
Market Drivers and Restrains:
The main factors that have considerably increased the demand for the Personalized Nutrition is because of growing trend of digital healthcare solutions, increasing health awareness, and the new technological advancements and growing innovations , and increasing new changes in consumer trends, such as an increase in the preference for high-quality nutritional food, according to their nutrient profile is projected to encourage the development of personalized approaches for nutrition, rising geriatric population, growing disposable income of the people, these are the main factors that have considerably increased the demand for the Personalized Nutrition, thereby driving the huge growth of the Personalized Nutrition market in the upcoming years. The main drawback for the Personalized Nutrition market is of High cost of nutrition plans and dietary supplements, this factors harms the growth of the Personalized Nutrition market
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Report is segmented as:
- Personalized Nutrition Market is segmented on the basis of by product type, on the basis of by mode of application, on the basis of by end-user:
- Personalized Nutrition Market is segmented on the basis of by product type into Functional Food, Dietary Supplements, Nutraceuticals, Sports Nutrigenomics, Digitized DNA-Based Diet Routine, Active Measurement, Standard Measurement and Functional Drink
- Personalized Nutrition Market is segmented on the basis of by application type into Inherited Diseases, Additional Supplements, Lifestyle Diseases, Medicinal Supplements, Sports Nutrition and Standard Supplements
- Personalized Nutrition Market is segmented on the basis of by end-user type into Wellness & Fitness Centers, Hospitals, Ambulatory Care, Clinics, Home Care, Institutions and Direct-To-Consumer
Personalized Nutrition Market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa and rest of world. North America has the dominant share in the Personalized Nutrition in the year 2019 because the growth of the market in this region is majorly driven by the rising awareness among consumers about their health, followed by Europe, Latin America and Middle East & Africa will register a slower increase in the Personalized Nutrition
Impact of COVID-19 on Market
The COVID-19 pandemic continues to radically trade that amplify of variety of industries; however, the immediate have an effect on of the outbreak is varied. While some industries will register a visit demand, several others will proceed to remain unscathed and showcase promising increase opportunities. COVID-19 will have an occasional have an effect on the Personalized Nutrition market. In recent days relaxation in restrictions by the government and people are getting vaccinated to stop the spread of corona virus are expecting to raise the Personalized Nutrition market growth.
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