14-May-2019: The global personalized retail nutrition & wellness market
size is expected to reach USD 50.0 billion by 2025, according to a new report
by Grand View Research, Inc., 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.
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.
In
depth research report on Personalized Retail Nutrition and Wellness Market
Further
key findings from the report suggest:
· 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.
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
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more research reports of this category:
About
Grand View Research
Grand View Research, Inc. is a
U.S. based market research and consulting company, registered in the State of
California and headquartered in San Francisco. The company provides syndicated
research reports, customized research reports, and consulting services. To help
clients make informed business decisions, the company offers market
intelligence studies ensuring relevant and fact-based research across a range
of industries including technology, chemicals, materials, healthcare and
energy.
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