The Nutrigenomics Market was around USD 4,860.2 million in 2016 and is expected to reach USD 17,313.5 million by 2023 which is a projected CAGR of 16.8%
Nutrigenomics Market – Key Findings
- Obesity segment accounts for the largest market share in the global nutrigenomics market while diabetes segment is projected to grow at a CAGR of 17.1% during the forecast period from 2017 – 2023.
- Reagents and kits segment accounts for the largest market share in the global nutrigenomics market by products, this segment is expected to reach USD 10,138.7 in 2023
- Americas market is expected to reach USD 6,316.4 by 2023
Nutrigenomics Market – Major players
There are plenty of large and small market players which operate in this market: WellGen Inc. (US), Metagenics, Inc (US), Genomix Nutrition, Inc. (US), Nutrigenomix (US), NutraGene (India), XCODE Life Sciences Pvt. Ltd. (India), Cura Integrative Medicine (Australia).
Latest Industry News
Hong Kong based Prenetics has just acquired UK company, DNAFit for USD $10 million. Prenetics primarily serves the Asian market and provides pharmacogenomics, nutrigenomics, cancer and reproductive health tests. UK’s DNAFit, is a company promoting wellness genetics, they offer services that are designed based on genetic profiles obtained from the consumer. The aquisiton marks Prenetics inaugral move into the global market.
Neutrigenomics is the study of interaction of nutrient and genes. It studies the effect of food and their constituents on the genes. The major factors contributing for the growth of the market are rising diabetic and obese population, increasing applications in dermatology, and increasing demand for the advanced diagnostic methods. According to the International Diabetes Federation (2016), 420 million adults were suffering from diabetes which is expected to reach 625 million by 2040. Further, as per the World Health Organization (2014), more than 600 million adults were obese and 1.9 billion adults, were overweight. Moreover, increasing healthcare expenditure, and government support for research & development has fueled the market growth. However, high cost of treatment and need of well qualified physicians may restrain the growth of market.
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Nutrigenomics Market – Intended Audience
- Nutrigenomics Products Manufacturers
- Nutrigenomics Products Providers
- Medical Research Laboratories
- Research and Development (R&D) Companies
- Market Research and Consulting Service Providers
- Potential Investors
Nutrigenomics Market – Highlights
Neutrigenomics is the study of interaction of nutrient and genes. It studies the effect of food and their constituents on the genes. The major factors contributing for the growth of the market are rising diabetic and obese population, increasing applications in dermatology, and increasing demand for the advanced diagnostic methods. According to the International Diabetes Federation (2016), 420 million adults were suffering from diabetes which is expected to reach 625 million by 2040. Further, as per the World Health Organization (2014), more than 600 million adults were obese and 1.9 billion adults, were overweight. Moreover, increasing healthcare expenditure, and government support for research & development has fueled the market growth. However, high cost of treatment and need of well qualified physicians may restrain the growth of market.
Nutrigenomics Market – Segmentation
Global nutrigenomics market has been segmented on the basis of products, techniques and application. On the basis of products, the market is categorized into reagents & kits, services. On the basis of techniques, the market is segmented: saliva, buccal swab, blood, others. On the basis of application the market is segmented: obesity, diabetes, anti-aging, chronic diseases.
Nutrigenomics Market – Regional Analysis
Considering the global scenario of the nutrigenomics market, there are four main regions: America, Europe, Asia Pacific, and the Middle East & Africa.
America accounts for the largest market owing to the presence of huge patient population suffering for diabetes and obesity. A well-developed healthcare sector and high healthcare spending has also provided a push for the growth of the market. America consists of two regions namely, North America and South America. North America is the major market share holder.
Europe holds the second largest market share in global nutrigenomics market. Some major factors that attribute the growth of Europe nutrigenomics market are, rise in prevalence of metabolic diseases and government support for researched development. Germany, France and UK are the major contributor in the Europe nutrigenomics market.
Asia Pacific is the fastest growing market. Improving healthcare infrastructure, presence of huge patient population, rising awareness about nutrigenomics has driven the growth for this market in Asia Pacific. However, the Middle East & Africa accounts for the lowest share in the global nutrigenomics market.
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Major Table of Content
Chapter 1. Report Prologue
Chapter 2. Market Introduction
2.1 Definition
2.2 Scope of the Study
2.2.1 Research Objective
2.2.2 Assumptions
2.2.3 Limitations
Chapter 3. Research Methodology
3.1 Introduction
3.2 Primary Research
3.3 Secondary Research
3.4 Market Size Estimation
Chapter 4. Market Dynamics
Continued….
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