MRFR confirms that the Global Nutrigenomics Market will ascend to the market size of USD 17,313.5 million registering a whooping double digit CAGR of 16.8% during the forecast period (2017 – 2023). Growing prevalence of chronic diseases like diabetes and disorders like obesity are defining the demand for dietary advice or clinical nutrition, ultimately mirroring the importance and demand for Neutrigenomics. The amount of traction Nutrigenomics as a science is gaining today, defines the expanded landscape of the Nutrigenomics market on the global platform currently. This further helps determining personalized nutrition based on genotype ultimately enabling the personalized Clinical Nutrition or dietary advice which is a therapeutic composition developed to fulfil the nutritional requirement of the patient. Clinical nutrition are used during diseases like cancer, diabetes, COPD, gastrointestinal disorders, immune system disorders and many more. Clinical Nutrition is prescribed by a physician when a patient has special nutrient needs in order to manage a disease or health condition, and the patient is under the physician’s ongoing care.
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Moreover, growing prevalence of diseases requiring additional nutrients and increased awareness among population about the benefits of dietary advice on foods and beverages. Changing life style such as habitual smoking, alcohol, extended work hours and reliance on fast-food has resulted into lack of adequate nutrients coupled with obesity prevalence that is also one of the reasons contributing to the growth of Nutrigenomics market. Also, increasing number of geriatric populace, coupled with the increasing acceptance and adoption of infant and child nutrition as a result of changing lifestyle in the developing countries is contributing to foster the market growth of Nutrigenomics Market.
Accrediting the phenomenal growth of the Nutrigenomics Market and the potential this Science holds to evolve further and accrue the exponential market growth in the years to come, the Market Research Future, recently published a meticulous study report giving out a complete market prognosis up till 2023. In the market analysis, asserting the exponential growth prospects the market is to perceive within next six years,
Besides, the analysis is helpful determining the mechanism of the effects of nutrients or the effects of a nutritional regime. Through which, the causality or relationship between these specific nutrients and specific nutrient regimes (diets) on human health is defined.
Nutrigenomics Market – Competitive Analysis:
The Nutrigenomics market is widely expanded and highly competitive with the presence of a numerous major and small players operating at international level and regional level around the globe. Based upon product differentiation, portfolio, and pricing these vendors are competing against each other. Furthermore, the competitive strength of these market players is dependent on product precision, product pricing, versatility and product reliability. The market will witness a fierce competition due to the expected extensions in product & service and product innovations.
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Industry/ Innovation/ Related News:
November 2017 – Irish equine science company Plusvital launched EnerGene-Q10 – . The first Nutrigenomic supplement for horses containing the compound Co-enzyme Q10 (CoQ10) It follows the publication of research showing that the genetic background of a horse has a significant influence on the production of CoQ10 in horse muscle cells.
Nutrigenomics Market – Segments
The Nutrigenomics Market can be segmented in to 4 key dynamics for the convenience of the report and enhanced understanding;
Segmentation By Products: Comprises Reagents & Kits, Services.
Segmentation By Techniques: Comprises Saliva, Buccal Swab, Blood, and others.
Segmentation By Application: Comprises Obesity, Diabetes, Anti-Aging, Chronic Diseases and others.
Segmentation By Regions: Comprises Geographical regions – North America, Europe, APAC and Rest of the World.
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 – Regional Analysis:
Considering the global scenario of the market, America dominates the global nutrigenomics market owing to the presence of huge population suffering from diabetes and obesity. North America holds the largest market share in America nutrigenomics market. According to the Centers for Disease Control and Prevention (2015), in America approximately 9.3% of the total America population is suffering from diabetes. Europe has the second largest market for the nutrigenomics which is followed by Asia Pacific. Presence of well-developed healthcare sector and high healthcare expenditure, the nutrigenomics market in Europe is growing at a CAGR of 17%. Asia Pacific is also witnessing a rapid growth in this market which is mainly due to rapidly increasing awareness of treatments, presence of huge diabetic and obese population and rising healthcare expenditure. Asia Pacific nutrigenomics market is expected to grow at a CAGR of 17.1% during the forecasted period. The Middle East & Africa is expected to have limited growth. Middle East is dominating this market by holding 64.3% of the Middle East & Africa market share.
The World Nutrigenomics Market is mainly driven by the burgeoning markets such as Clinical Nutrition, Medical Nutrition, Sport Nutrition, and Animal Nutrition among other. Nutrigenomics has also evolved in Animal Care (Companion Care, Pet’s Nutrition/ Animal Nutrition etc.) exploring the growth prospects investigating and analysing the nutrition requirements of Animals based on their genetic make-up. The nutritional approach may not yield the best outcome and that each species often has a slightly different nutrient requirement regardless of similarities between breed, training regime, age etc. Additionally, increasing healthcare expenditure, and government support for research & development has fuelled the market growth.
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Nutrigenomics Market Major TOC:
1 Report Prologue
2.1 Scope of Study
2.2 Research Objective
2.3 Assumptions & Limitations
2.4 Market Structure
3 Research Methodology
3.1 Market Size Estimation
3.1.1 Market Share analysis
3.2 Market Pricing Approach
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