26th March 2020 – Nutrigenomics
Market research report interprets definition, an
investigation of significant progress in the market. It provides overall
industry survey, product description, wide array of applications, top players,
and development forecast. It enhances understanding about that market along
with new business trends.
The global Nutrigenomics Market
scope was priced at US$ 252.20 million during 2017 and is estimated to witness
a CAGR of 16.48% by the completion of prediction period. The global market
scope of nutrigenomics is estimated to touch US$ 850.86 million by the
completion of the year 2025.
Nutrigenomics, also known as nutritional
genomics, refers to a study that defines relationship between nutrition, human
genome, and health. It explains how the different types of food effects human
body biologically. In addition, the study is likely to impact well-defined
segments of food chain including genetic alteration of animal feed and crops.
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Rising cases of food allergies or
intolerance among humans is expected to impel nutrigenomics industry growth.
Such allergies can happen to anyone at any age against specific food products
such as wheat, peanuts, eggs, soy, fish, and others. Nutrigenomics is able to
identify food that suits individual’s molecular dietary signature. This factor
is driving demand for the study among researchers and food manufacturers.
Increasing focus of food manufacturers on customization of food products
according to specific gene profile is anticipated to propel nutrigenomics
market growth. Manufacturing companies are launching food products aimed to
improve weak immune system among individuals. Moreover, supportive initiatives
being taken by governments across various nations to promote nutritional
genomics will drive the market over the forecast period.
To cater to rising demand for customized
diet, manufacturing companies or institutes are investing in R&D to expand
application scope. For instance, February 2019, a team of researchers from
King’s college of London found that blueberries can low blood pressure.
According to their research study, eating 200 grams of blueberries for a month
can improve blood vessel function and reduce systolic blood pressure.
Researchers found that regular consumption of drinks based on blueberries are
effective in reducing blood pressure by 5mmHg in a month.
Application Insights:
In terms of application, the
nutrigenomics market can be classified into diabetes, obesity, anti-aging, and
chronic diseases. Obesity segment is anticipated to hold largest market share
over the forecast period. This is attributed to rising cases of obesity among
young and adult population across the globe. Growing adoption of unhealthy
lifestyle and increasing stress level among individuals is giving rise to
obesity. Moreover, genetic factors are also responsible for body fat
distribution and weight gain among individuals.
Regional Insights:
Regional segmentation includes Europe,
North America, Asia Pacific, Central and South America, and Middle East and
Africa. In 2017, North America accounted for largest revenue share. It is
anticipated to dominate the market over the forecast period owing to rising
consumption of specialized diet in the region. In addition, advent of direct to
consumer nutrigenomics kits is expected to impel regional growth. Moreover,
ongoing research and development regarding nutrigenomics will drive regional
market growth in coming years.
Asia Pacific, on the other hand, is
predicted to exhibit significant growth owing to rising demand for beverages
and functional food in the region. This factor is promoting adoption of
nutrigenomic techniques. Japan is expected to the largest consumer of
functional food in the region, which will drive regional market in coming
years.
Some of the key players in the
nutrigenomics market are Unilever; Danone; Genova Diagnostics; Inc.; Gene
Smart; Metagenics, Inc.; and Cell Logic. Companies are adopting business
strategies such as mergers and acquisitions to expand their product portfolio
and gain competitive edge over others.
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