Industry Outlook

The nutrigenomics market is set to reach US$ xx Mn by 2026 from US$ xx Mn in 2017 portraying excellent growth with a compounded annual growth rate (CAGR) of 16.3% during the forecast period from 2018 to 2026. According to the statistics provided by World Health Organization (WHO), by 2020 chronic diseases will be responsible for 73% of the total global deaths associated with obesity, diabetes, cardiovascular complications and cancer. Technological advancement in the IT healthcare segment and DNA quantification techniques have a positive impact on the nutrigenomics market growth. The limitations associated with this market are dearth of trained healthcare professionals and bacterial contamination associated with saliva and buccal swab collection methods.

"Rampant growth in clinical laboratories and availability of diverse range of test kits drive the reagents and kits market"

Reagents and kits are currently leading the product segment for nutrigenomics market. The key features responsible for the magnificent growth of reagents and kits are rampant growth of clinical laboratories and rising public health awareness regarding chronic diseases. Services will garner impressive growth during the forecast period on account of rapidly growing IT healthcare services such as electronic health records of patients (EHR) and user friendly portable healthcare apps for ailing patients.

"Increasing demand for fast food and unhealthy lifestyle are responsible for the rapid growth of obesity throughout the globe"

Obesity is currently dominating the application segment for nutrigenomics market. The factors responsible for the rapidly growing obesity worldwide are engineered junk food, insulin resistance, leptin resistance, stress, sedentary lifestyle etc. Arduous research studies have linked genetic factors with obesity and hence nutrigenomics is helpful in finding alternative to fight the socio-economic burden associated with obesity. Nutrigenomics is considered as a personalized therapy wherein nutritional requirement varies according to individuals. Chronic disease will be showcasing significant growth on account of factors such as poor nutrition in daily intake of diet and unhealthy lifestyle which trigger genetic anomaly eventually constructing disease etiology related to chronic disease.

"Buccal swabs are the most preferred test due to its quick, non-invasive procedure and less pain associated with the sample collection"

The study of nutrigenomics is highly dependent on the DNA sample collected from the patient. Buccal swabs and blood samples are being used for collecting the DNA, the only difference lies in how they are processed while studying nutrigenomics of a patient. Buccal swab kits are available in diverse varieties where in the consumer can personally extract DNA rich cells using the buccal swabs and place in a dry and sterile container and directly ship it to the concerned laboratories. This method is very quick, non-invasive and less painful. Scientist are finding innovative ways to prevent the effect of bacterial contamination in buccal swabs which reduces the stability of the DNA in the collected sample. Blood samples are the most traditional and reliable methods of collecting DNA samples. Venipuncture and pain associated with sample collection make them less popular in comparison to other collection methods. Other non-invasive methods such as hair and urine samples are gaining popularity due to lower sample volume requirement, good storage and DNA quantification ability of polymerase chain reaction (PCR) method.

"Sedentary lifestyle and increasing public health awareness are responsible for the growth of Nutrigenomics market in North America"

In the current scenario North America with a share of 40% is leading the regional segment for Nutrigenomics market. The factors responsible for the growth of Nutrigenomics market in North America are sedentary lifestyle giving rise to chronic diseases such as obesity and diabetes. Increasing public health awareness and presence of well-developed nutrition science health department drive the Nutrigenomics market in North America. As per the latest research citing of European Center for Disease Control and Prevention (ECDC), 85% of all the deaths recorded in the region are due to chronic diseases such as diabetes, cardiovascular, cancer etc. The government healthcare agencies have formed strategic alliances with academia research centers to improve the quality of nutrition in daily diet in order to decrease the burden associated with chronic diseases. Asia Pacific will record a substantial growth during the forecast period from 2018 to 2026 on account of rising prevalence of chronic disease, malnutrition and poverty. Government healthcare agencies are fighting to curb malnutrition and provide nutritional diet to the poverty stricken population. Traditional herbs and medicines are being studied thoroughly in order to extract their active ingredients to fight chronic diseases.

Pharmaceutical companies providing reagents and kits to determine the nutrigenomics of human beings are Cura Integrative Medicine, Centogene, Genomix Nutrition, Inc., Metagenics, Inc., NutraGene, Nutrigenomix, Navigenics, XCODE Life Sciences, Pvt. Ltd., WellGen, Inc. and 23&Me, Inc.

Historical & Forecast Period

This study report represents analysis of each segment from 2022 to 2032 considering 2023 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2024 to 2032.

The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.

Research Methodology

The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of Nutrigenomics market are as follows:

• Research and development budgets of manufacturers and government spending
• Revenues of key companies in the market segment
• Number of end users and consumption volume, price and value.
• Geographical revenues generate by countries considered in the report
• Micro and macro environment factors that are currently influencing the Nutrigenomics market and their expected impact during the forecast period.

Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.

Key questions answered in this report

• What are the key micro and macro environmental factors that are impacting the growth of Nutrigenomics market?
• What are the key investment pockets with respect to product segments and geographies currently and during the forecast period?
• Estimated forecast and market projections up to 2032.
• Which segment accounts for the fastest CAGR during the forecast period?
• Which market segment holds a larger market share and why?
• Are low and middle-income economies investing in the Nutrigenomics market?
• Which is the largest regional market for Nutrigenomics market?
• What are the market trends and dynamics in emerging markets such as Asia Pacific, Latin America, and Middle East & Africa?
• Which are the key trends driving Nutrigenomics market growth?
• Who are the key competitors and what are their key strategies to enhance their market presence in the Nutrigenomics market worldwide?