Nutrigenomics Market by Product, Application

List of Tables

The Nutrigenomics Market was valued at USD 609.18 million in 2023, expected to reach USD 715.29 million in 2024, and is projected to grow at a CAGR of 17.53%, to USD 1,887.63 million by 2030.

Nutrigenomics, a burgeoning field at the intersection of nutrition and genomics, explores how individual genetic differences can affect the way diets influence health, providing personalized dietary recommendations to optimize health and prevent disease. The necessity for nutrigenomics arises from the growing demand for personalized nutrition solutions to combat global health challenges such as obesity, diabetes, and heart disease. Applications include personalized diet plans, health supplements, and interventions targeting gene-diet interactions, while end-use spans health and wellness sectors, pharmaceuticals, and functional foods industries. Market growth is driven by advances in genomic research, increasing consumer awareness of personalized health, and technological advancements in genetic testing. Furthermore, the rise in chronic lifestyle diseases underscores the demand for personalized nutrition, creating a significant opportunity for nutrigenomics to expand. Companies are encouraged to invest in research collaborations and strategic partnerships to harness the potential of genomics data and develop new products and services. Nevertheless, challenges such as ethical concerns, high costs of genetic testing, regulatory hurdles, and limited consumer understanding pose barriers to market expansion. It is crucial for businesses to address these limitations by emphasizing transparent data practices, cost-effective solutions, and consumer education campaigns to foster trust and knowledge. The innovation frontier in nutrigenomics lies in the development of AI-driven tools for analyzing genetic data and providing actionable nutritional insights, microbiome integration with genomics, and devising comprehensive health management solutions. The market is dynamic, with a collaborative ecosystem marked by partnerships between biotechnology firms, academic institutions, and healthcare providers striving to translate genomic insights into pragmatic, health-enhancing applications. Companies should capitalize on these trends through strategic investments, fostering multidisciplinary research, and leveraging big data analytics to stay competitive and drive forward the adoption of nutrigenomics.

KEY MARKET STATISTICS
Base Year [2023]	USD 609.18 million
Estimated Year [2024]	USD 715.29 million
Forecast Year [2030]	USD 1,887.63 million
CAGR (%)	17.53%

Market Dynamics: Unveiling Key Market Insights in the Rapidly Evolving Nutrigenomics Market

The Nutrigenomics Market is undergoing transformative changes driven by a dynamic interplay of supply and demand factors. Understanding these evolving market dynamics prepares business organizations to make informed investment decisions, refine strategic decisions, and seize new opportunities. By gaining a comprehensive view of these trends, business organizations can mitigate various risks across political, geographic, technical, social, and economic domains while also gaining a clearer understanding of consumer behavior and its impact on manufacturing costs and purchasing trends.

Market Drivers
- Changing lifestyle and prevalence of obese and diabetic population
- Increasing applications in dermatology
- Surge in personalized nutrition and evaluation of food safety
Market Restraints
- Lack of skilled physicians and high cost of treatment
Market Opportunities
- Rising investments for R&D activities
- Integration of AI and ML in nutrigenomics practices
Market Challenges
- Lack of regulatory approvals in the field of nutrigenomics

Porter's Five Forces: A Strategic Tool for Navigating the Nutrigenomics Market

Porter's five forces framework is a critical tool for understanding the competitive landscape of the Nutrigenomics Market. It offers business organizations with a clear methodology for evaluating their competitive positioning and exploring strategic opportunities. This framework helps businesses assess the power dynamics within the market and determine the profitability of new ventures. With these insights, business organizations can leverage their strengths, address weaknesses, and avoid potential challenges, ensuring a more resilient market positioning.

PESTLE Analysis: Navigating External Influences in the Nutrigenomics Market

External macro-environmental factors play a pivotal role in shaping the performance dynamics of the Nutrigenomics Market. Political, Economic, Social, Technological, Legal, and Environmental factors analysis provides the necessary information to navigate these influences. By examining PESTLE factors, businesses can better understand potential risks and opportunities. This analysis enables business organizations to anticipate changes in regulations, consumer preferences, and economic trends, ensuring they are prepared to make proactive, forward-thinking decisions.

Market Share Analysis: Understanding the Competitive Landscape in the Nutrigenomics Market

A detailed market share analysis in the Nutrigenomics Market provides a comprehensive assessment of vendors' performance. Companies can identify their competitive positioning by comparing key metrics, including revenue, customer base, and growth rates. This analysis highlights market concentration, fragmentation, and trends in consolidation, offering vendors the insights required to make strategic decisions that enhance their position in an increasingly competitive landscape.

FPNV Positioning Matrix: Evaluating Vendors' Performance in the Nutrigenomics Market

The Forefront, Pathfinder, Niche, Vital (FPNV) Positioning Matrix is a critical tool for evaluating vendors within the Nutrigenomics Market. This matrix enables business organizations to make well-informed decisions that align with their goals by assessing vendors based on their business strategy and product satisfaction. The four quadrants provide a clear and precise segmentation of vendors, helping users identify the right partners and solutions that best fit their strategic objectives.

Strategy Analysis & Recommendation: Charting a Path to Success in the Nutrigenomics Market

A strategic analysis of the Nutrigenomics Market is essential for businesses looking to strengthen their global market presence. By reviewing key resources, capabilities, and performance indicators, business organizations can identify growth opportunities and work toward improvement. This approach helps businesses navigate challenges in the competitive landscape and ensures they are well-positioned to capitalize on newer opportunities and drive long-term success.

Key Company Profiles

The report delves into recent significant developments in the Nutrigenomics Market, highlighting leading vendors and their innovative profiles. These include BASF SE, Cell-Logic Pty Ltd., Danone SA, DSM Nutritional Products AG by Koninklijke DSM N.V., Genova Diagnostics Inc., Metagenics LLC, Nutrigenomix Inc., and Unilever PLC.

Market Segmentation & Coverage

This research report categorizes the Nutrigenomics Market to forecast the revenues and analyze trends in each of the following sub-markets:

Based on Product, market is studied across Reagents & Kits and Services.
Based on Application, market is studied across Cancer, Cardiovascular Diseases, and Obesity.
Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom.

The report offers a comprehensive analysis of the market, covering key focus areas:

1. Market Penetration: A detailed review of the current market environment, including extensive data from top industry players, evaluating their market reach and overall influence.

2. Market Development: Identifies growth opportunities in emerging markets and assesses expansion potential in established sectors, providing a strategic roadmap for future growth.

3. Market Diversification: Analyzes recent product launches, untapped geographic regions, major industry advancements, and strategic investments reshaping the market.

4. Competitive Assessment & Intelligence: Provides a thorough analysis of the competitive landscape, examining market share, business strategies, product portfolios, certifications, regulatory approvals, patent trends, and technological advancements of key players.

5. Product Development & Innovation: Highlights cutting-edge technologies, R&D activities, and product innovations expected to drive future market growth.

The report also answers critical questions to aid stakeholders in making informed decisions:

1. What is the current market size, and what is the forecasted growth?

2. Which products, segments, and regions offer the best investment opportunities?

3. What are the key technology trends and regulatory influences shaping the market?

4. How do leading vendors rank in terms of market share and competitive positioning?

5. What revenue sources and strategic opportunities drive vendors' market entry or exit strategies?

Product Code: MRR-036C5CF3B557

1. Preface

1.1. Objectives of the Study
1.2. Market Segmentation & Coverage
1.3. Years Considered for the Study
1.4. Currency & Pricing
1.5. Language
1.6. Stakeholders

2. Research Methodology

2.1. Define: Research Objective
2.2. Determine: Research Design
2.3. Prepare: Research Instrument
2.4. Collect: Data Source
2.5. Analyze: Data Interpretation
2.6. Formulate: Data Verification
2.7. Publish: Research Report
2.8. Repeat: Report Update

3. Executive Summary

4. Market Overview

5. Market Insights

5.1. Market Dynamics
- 5.1.1. Drivers
  - 5.1.1.1. Changing lifestyle and prevalence of obese and diabetic population
  - 5.1.1.2. Increasing applications in dermatology
  - 5.1.1.3. Surge in personalized nutrition and evaluation of food safety
- 5.1.2. Restraints
  - 5.1.2.1. Lack of skilled physicians and high cost of treatment
- 5.1.3. Opportunities
  - 5.1.3.1. Rising investments for R&D activities
  - 5.1.3.2. Integration of AI and ML in nutrigenomics practices
- 5.1.4. Challenges
  - 5.1.4.1. Lack of regulatory approvals in the field of nutrigenomics
5.2. Market Segmentation Analysis
5.3. Porter's Five Forces Analysis
- 5.3.1. Threat of New Entrants
- 5.3.2. Threat of Substitutes
- 5.3.3. Bargaining Power of Customers
- 5.3.4. Bargaining Power of Suppliers
- 5.3.5. Industry Rivalry
5.4. PESTLE Analysis
- 5.4.1. Political
- 5.4.2. Economic
- 5.4.3. Social
- 5.4.4. Technological
- 5.4.5. Legal
- 5.4.6. Environmental

6. Nutrigenomics Market, by Product

6.1. Introduction
6.2. Reagents & Kits
6.3. Services

7. Nutrigenomics Market, by Application

7.1. Introduction
7.2. Cancer
7.3. Cardiovascular Diseases
7.4. Obesity

8. Americas Nutrigenomics Market

8.1. Introduction
8.2. Argentina
8.3. Brazil
8.4. Canada
8.5. Mexico
8.6. United States

9. Asia-Pacific Nutrigenomics Market

9.1. Introduction
9.2. Australia
9.3. China
9.4. India
9.5. Indonesia
9.6. Japan
9.7. Malaysia
9.8. Philippines
9.9. Singapore
9.10. South Korea
9.11. Taiwan
9.12. Thailand
9.13. Vietnam

10. Europe, Middle East & Africa Nutrigenomics Market

10.1. Introduction
10.2. Denmark
10.3. Egypt
10.4. Finland
10.5. France
10.6. Germany
10.7. Israel
10.8. Italy
10.9. Netherlands
10.10. Nigeria
10.11. Norway
10.12. Poland
10.13. Qatar
10.14. Russia
10.15. Saudi Arabia
10.16. South Africa
10.17. Spain
10.18. Sweden
10.19. Switzerland
10.20. Turkey
10.21. United Arab Emirates
10.22. United Kingdom

11. Competitive Landscape

11.1. Market Share Analysis, 2023
11.2. FPNV Positioning Matrix, 2023
11.3. Competitive Scenario Analysis
11.4. Strategy Analysis & Recommendation

Companies Mentioned

1. BASF SE
2. Cell-Logic Pty Ltd.
3. Danone SA
4. DSM Nutritional Products AG by Koninklijke DSM N.V.
5. Genova Diagnostics Inc.
6. Metagenics LLC
7. Nutrigenomix Inc.
8. Unilever PLC