Nutrigenomics Market Outlook
Nutrigenomics is a novel technology that is designed to build the gap between nutrition and advanced genetics. Nutrigenomics is a tool that is developed for medical professionals to understand the consumer’s metabolic needs and then recommend the nutritional supplements accordingly. Nutrigenomics allows a personalized nutritional recommendation for an individual. Nutrigenomics focuses on Single Nucleotide Polymorphisms (SNPs) that account for 90% of the variation in the human genome. Nutrigenomics uses tools such as biomarkers, clinical data, and genomic assays. Nutrigenomics helps to identify the chances of occurrence of a disease and enables to get personalized treatment for it. Nutrigenomics has applications in hospitals, research organizations, dietary supplement industry, pharmaceutical industry, etc.
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Increasing Demand for Personalized Products is Propelling the Nutrigenomics Market
The increase in the prevalence of diabetes, other chronic diseases is anticipated to increase the demand for nutrigenomics. According to the World Health Organization, in 2016, approximately 1.6 million deaths occurred due to diabetes and was the seventh leading cause of death in the world. Chronic diseases are the major cause of death all across the globe. By 2020, the chronic diseases are anticipated to rise up to 73% of the total deaths. The most common chronic diseases are cardiovascular diseases, cancer, and diabetes. As the health-awareness is increasing, the consumers are willing to pay more so as to live a healthy lifestyle. The demand for personalized products is anticipated to increase to reduce the risk of diseases and disorders. The demand for personalized products is anticipated to boosts the demand for nutrigenomics.
Also, the number of obese and overweight population is increasing at a high rate. According to the WHO, in 2016, more than 340 million children of age ranging from five to nineteen were obese or overweight. The global prevalence of obesity has almost tripled from 1975 to 2016. The increase in weight management issues is anticipated to increase the demand for weight loss supplements and medicines. Thus, the manufacturers in pharmaceutical and dietary supplement industries are anticipated to opt for nutrigenomics to study the metabolic profile of the patients and to provide the solutions accordingly.
In recent years, the companies are trying to use nutrigenomics to optimize the nutrition intake that would help in reducing the chances of diseases at all stages of life. The increasing demand for healthy personalized products is expected to increase the inclination of food manufacturers towards the use of nutrigenomics so as to formulate personalized products, which is estimated to increase the demand for nutrigenomics in the food industry.
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Nutrigenomics Market Segmentation
The nutrigenomics market can be segmented on the basis of end-use-
On the basis of end-use, the nutrigenomics market can be segmented as:
- Food and Beverage
- Functional Foods and Dietary Supplement
- Academic and Research Organizations
Nutrigenomics Market: Regional Analysis
The demand for nutrigenomics is estimated to grow at a high rate in the North America region. According to the Centers for Disease Control and Prevention (CDC), by 2030, around 42% of the population in America is estimated to suffer from obesity. As the awareness about obesity increases, the consumer inclination towards the use of personalized products is projected to increase. Thus, the increase in the number of obesity is expected to serve as a major driver for the increase in the demand for nutrigenomics in the North America region.
Asia Pacific region also creates an excellent opportunity for the companies that provide nutrigenomics service. The increase in the prevalence of diabetes and obesity are anticipated to serve as a major driver for the increase in the demand for nutrigenomics. According to the WHO, by 2030, the occurrence of diabetes in India is anticipated to reach around 79 million. Malaysia has a huge problem of obesity and tops the list for the highest prevalence of diabetes and obesity in the South-East Asia region. Thus, the increasing cases of diabetes and obesity are estimated to have a positive impact on the nutrigenomics market.
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Nutrigenomics Market: Key Participants
Some of the key market players in the nutrigenomics market are:
- GX Sciences, Inc
- Cura Integrative Medicine
- Metagenics, Inc
- XCODE Life Sciences Pvt. Ltd.
- Nutrigenomics New Zealand
- Ora Organic