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Nutrigenomics Market by Application and Geography - Forecast and Analysis 2020-2024

  • Published: Oct 2019
  • Pages: 139
  • SKU: IRTNTR40037
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The global nutrigenomics market size will grow by USD 425.61 million during 2020-2024, and the market’s growth momentum will accelerate throughout the forecast period because of the steady increase in year-over-year growth.

This report provides a detailed analysis of the market by application (obesity, cardiovascular diseases, and cancer research) and geography (Asia, Europe, North America, and ROW). Also, the report analyzes the market’s competitive landscape and offers information on several market vendors, including BASF SE, Cell-Logic, Danone, DSM, Genova Diagnostics Inc., GX Sciences Inc., Metagenics Inc., Nutrigenomix Inc., Unilever Group, and Xcode Life Sciences Private Limited.

Market Overview

Nutrigenomics-Market-Size

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Market Competitive Analysis

The nutrigenomics market is concentrated, and the degree of concentration will decrease during the forecast period. Several private and government stakeholders are making significant investments in the development of innovative technologies in the field of nutrigenomics. BASF SE, Cell-Logic, and Danone are some of the major market participants. Though the increasing cost of medical treatment will offer immense growth opportunities, the high cost and unavailability of user-friendly tools for the easy interpretation of data will challenge the growth of the market participants. To increase their nutrigenomics market share, companies should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

To help clients improve their market position, this nutrigenomics market forecast report provides a detailed analysis of the market leaders and offers information on the competencies and capacities of these companies. The report also covers details on the market’s competitive landscape and offers information on the products offered by various companies. Moreover, this nutrigenomics market analysis report also provides information on the upcoming trends and challenges that will influence market growth. This will help companies create strategies to make the most of future growth opportunities.

This report provides information on the production, sustainability, and prospects of several leading nutrigenomics companies, including:

  • BASF SE
  • Cell-Logic
  • Danone
  • DSM 
  • Genova Diagnostics, Inc.
  • GX Sciences Inc.
  • Metagenics Inc.
  • Nutrigenomix Inc.
  • Unilever Group
  • Xcode Life Sciences Private Limited

Nutrigenomics Market: Segmentation by Region

Nutrigenomics-Market-Share-by-Region

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North America is one of the largest markets for nutrigenomics and the region will offer several growth opportunities to market vendors during the forecast period. The rising number of people with cancer, chronic diseases, and obesity and the increasing investments by government bodies in molecular biology research are some of the significant factors contributing to nutrigenomics market growth in this region.

Over 38% of the market’s growth will originate from North America during the forecast period. The US and Canada are the key markets for nutrigenomics in the region. However, market growth in this region will be slower than the growth of the market in Asia and Europe.

Nutrigenomics Market: Segmentation by Application

Nutrigenomics-Market-Share-by-Application

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Nutrigenomics helps in understanding the effect of nutrition on metabolic pathways and homeostatic control, thereby preventing the development of chronic diet-related diseases, such as obesity. Several stakeholders, such as Vigor are offering nutrition programs for employees that will help them to adopt healthier eating habits and motivate them to take up advanced programs for optimizing fat loss. These factors coupled with the increasing number of obese people are expected to boost the growth of the nutrigenomics market in the obesity segment.

Market growth in this segment will be faster than the growth of the market in the cardiovascular diseases and cancer research segments. This report provides an accurate prediction of the contribution of all the segments to the growth of the nutrigenomics market size.

Nutrigenomics Market: Key Drivers and Trends

The increasing cost of medical treatment will be a significant factor in driving the growth of the nutrigenomics market. There is an increase in patient spending on treatment, medicine, and hospitals. The high cost of branded drugs is further adding to the cost burden of diseases and health conditions on patients. Hence, people are increasingly preferring the use of dietary supplements and fortified dairy products containing nutrients based on nutrigenomics to treat and prevent the occurrence of certain diseases. The availability of generalized nutrition guidance and nutrigenomic technologies that allow individuals to make informed decisions about their nutrition and health will further boost the popularity of nutrigenomics among end-users. The rising need for minimizing the cost of medical treatment coupled with the increasing prevalence of diseases will fuel the demand for nutrigenomics during the forecast period.

  • The increasing prevalence of obesity will be one of the critical nutrigenomics market trends contributing to market growth.
  • There is a rapid increase in obesity rates across the world.
  • This increasing incidence of obesity can be attributed to factors such as the rising consumption of rich, fatty, and high-calorie food and decreasing physical activities.
  • Obesity can lead to several diseases, including high blood pressure, diabetes, gallbladder disease, sleep apnea, kidney disease, cancer, osteoarthritis, cardiac disease, and breathing problems.
  • The demand for nutrigenetic testing for obesity management is increasing among patients because genes and the intake of dietary nutrients and their interactions have a significant effect on controlling obesity.
  • Nutrigenomics help in identifying the nutrients and gene interaction and in achieving long-term weight loss in a sustainable way.
  • With the increasing cost burden on public health because of obesity, the demand for nutrigenomics will also grow during the next five years.
  • During 2020-2024, the nutrigenomics market will grow at a CAGR of over 11%.

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Nutrigenomics Market: Key Highlights of the Report for the Forecast Period 2020-2024

  • CAGR of the market during the forecast period 2020-2024
  • Detailed information on factors that will accelerate the growth of the nutrigenomics market during the next five years
  • Precise estimation of the global nutrigenomics market worth and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the nutrigenomics industry across Asia, Europe, North America, and ROW
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of nutrigenomics vendors

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PART 01: EXECUTIVE SUMMARY

PART 02: SCOPE OF THE REPORT

  • 2.1 Preface
  • 2.2 Preface
  • 2.3 Currency conversion rates for US$

PART 03: MARKET LANDSCAPE

  • Market ecosystem
  • Market characteristics
  • Market segmentation analysis
  • Value Chain Analysis

PART 04: MARKET SIZING

  • Market definition
  • Market sizing 2019
  • Market size and forecast 2019-2024
  • Market Outlook

PART 05: FIVE FORCES ANALYSIS

  • Bargaining power of buyers
  • Bargaining power of suppliers
  • Threat of new entrants
  • Threat of substitutes
  • Threat of rivalry
  • Market condition

PART 06: MARKET SEGMENTATION BY APPLICATION

  • Market segmentation by application
  • Comparison by application
  • Obesity - Market size and forecast 2019-2024
  • Cardiovascular diseases - Market size and forecast 2019-2024
  • Cancer research - Market size and forecast 2019-2024
  • Market opportunity by application

PART 07: CUSTOMER LANDSCAPE

PART 08: GEOGRAPHIC LANDSCAPE

  • Geographic segmentation
  • Geographic comparison
  • North America - Market size and forecast 2019-2024
  • Europe - Market size and forecast 2019-2024
  • Asia - Market size and forecast 2019-2024
  • ROW - Market size and forecast 2019-2024
  • Key leading countries
  • Market opportunity

PART 09: DECISION FRAMEWORK

PART 10: DRIVERS AND CHALLENGES

  • Market drivers
  • Market challenges

PART 11: MARKET TRENDS

  • Rising demand for training in and awareness of nutrigenomics technologies
  • Increasing approval of grants
  • Increasing prevalence of obesity

PART 12: VENDOR LANDSCAPE

  • Overview
  • Landscape disruption
  • Competitive scenario

PART 13: VENDOR ANALYSIS

  • Vendors covered
  • Vendor classification
  • Market positioning of vendors
  • BASF SE
  • Cell-Logic
  • Danone
  • DSM 
  • Genova Diagnostics, Inc.
  • GX Sciences Inc.
  • Metagenics Inc.
  • Nutrigenomix Inc.
  • Unilever Group
  • Xcode Life Sciences Private Limited

PART 14: APPENDIX

  • Research methodology
  • List of abbreviations
  • Definition of market positioning of vendors

PART 15: EXPLORE TECHNAVIO

Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

TechnavioINFORMATION SOURCES

Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases
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TechnavioDATA ANALYSIS

Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts
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TechnavioREPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
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