Personalized Retail Nutrition & Wellness Market Exhibit CAGR Of 9.1% From 2018 To 2025: Grand View Research Inc.

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According to report published by Grand View Research, Increase in demand for preventive health measures, rising trend for customization in the food sector, focus on healthier eating, and rising ongoing activities in nutrigenomics have strengthened the development of personalized nutrition products.

According to a report,“Personalized Retail Nutrition and Wellness Market Size, Share & Trends Analysis Report By Type (Dietary Supplements & Nutraceuticals, Functional Foods), And Segment Forecasts, 2018 – 2025”, published by Grand View Research, Inc., the global personalized retail nutrition & wellness market size is expected to reach USD 50.0 billion by 2025, exhibiting a 9.1% CAGR over the forecast period. Increase in demand for preventive health measures, rising trend for customization in the food sector, focus on healthier eating, and rising ongoing activities in nutrigenomics have strengthened the development of personalized nutrition products.

Key Takeaways from the report:

  • Based on product type, the market is bifurcated into dietary supplements & nutraceuticals and functional foods. Dietary supplements & nutraceuticals is projected to be the fastest growing segment owing to rising concern among people about lack of nutrition in their diet

  • Vitamin dietary supplements held the largest share over other supplements owing to high market penetration of products in this segment. A major percentage of the U.S. population consume dietary intakes of vitamin A, C, D, and E

  • The functional food products segment is fueled by easy availability of fortified products and changes in regulatory structure. Functional foods for protein source dominated the overall market owing to high usage rate of protein-enriched foods among athletes

  • With respect to region, North America is estimated to emerge as the leading market in terms of revenue. This is primarily due to well-established food and biotechnology industries in U.S., coupled with presence of several personalized nutrition companies in the country

  • Habit Food Personalized, LLC; Nima Labs, Inc.; Pfizer, Inc.; and Bayer AG are some key companies operating in this market. These players are focused on research activities for customized wellness product development.

China functional foods market share, by product type, 2014 - 2025 (USD Billion)

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Global personalized retail nutrition & wellness market share, by product type, 2017 (%)

Concerns with respect to healthy lifestyle in order to gain optimum nutrition and preventing various illnesses is rising among the public. Factors pronouncing such concerns include inadequate nutrition in daily diet and sedentary lifestyle.

Currently, substantial marketed products are being produced and provided by startup companies such as STYR, Food Marbel, and Habit Food Personalized, LLC. Introduction of artificial intelligence-based algorithms to better track health data on routine basis has prompted medium-sized as well as well-established food and soft drink manufactures to design and develop various customized programs for people’s health and well-being.

Grand View Research has segmented the global personalized retail nutrition & wellness market on the basis of product type and region:

Personalized Retail Nutrition & Wellness Product Type Outlook (Revenue, USD Million, 2014 – 2025)

  • Dietary Supplements & Nutraceuticals

    • Vitamins

    • Proteins

    • Minerals

    • Amino Acids

    • Enzymes

    • Others

  • Functional Foods

    • Proteins

    • Vitamins

    • Dietary Fibers

    • Fatty Acids

    • Minerals

    • Prebiotics & Probiotics

    • Carotenoids

Personalized Retail Nutrition & Wellness Regional Outlook (Revenue, USD Million, 2014 – 2025)

  • North America

    • U.S.

    • Canada

  • Europe

    • France

    • Germany

    • Spain

    • Italy

    • Switzerland

    • U.K.

    • Russia

    • Poland

    • Hungary

  • Asia Pacific

    • China

    • Japan

    • India

    • Australia

    • Indonesia

    • Philippines

    • Vietnam

  • Latin America

    • Brazil

    • Mexico

    • Ecuador

  • Middle East & Africa

    • Saudi Arabia

    • Iran

    • South Africa

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About Grand View Research

Grand View Research provides syndicated as well as customized research reports and consulting services on 46 industries across 25 major countries worldwide. This U.S.-based market research and consulting company is registered in California and headquartered in San Francisco. Comprising over 425 analysts and consultants, the company adds 1200+ market research reports to its extensive database each year. Supported by an interactive market intelligence platform, the team at Grand View Research guides Fortune 500 companies and prominent academic institutes in comprehending the global and regional business environment and carefully identifying future opportunities.

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