San Francisco 24 April 2019 Personalized Retail Nutrition and Wellness Market Size, Share & Trends Analysis
Report By Type (Dietary Supplements & Nutraceuticals, Functional Foods),
And Segment Forecasts, 2018 - 2025
The global personalized retail nutrition & wellness market size is expected to reach USD 50.0 billion by 2025,
according to a new report by Grand View Research, Inc., exhibiting a 9.1% CAGR
over the forecast period. Increase in demand for preventive health measures,
rising trend for customization in the food sector, focus on healthier eating,
and rising ongoing activities in nutrigenomics have strengthened the
development of personalized nutrition products.
Concerns with respect to healthy lifestyle
in order to gain optimum nutrition and preventing various illnesses is rising
among the public. Factors pronouncing such concerns include inadequate
nutrition in daily diet and sedentary lifestyle.
Currently, substantial marketed products
are being produced and provided by startup companies such as STYR, Food Marbel,
and Habit Food Personalized, LLC. Introduction of artificial intelligence-based
algorithms to better track health data on routine basis has prompted
medium-sized as well as well-established food and soft drink manufactures to
design and develop various customized programs for people’s health and
well-being.
Access Research Report of Personalized
Retail Nutrition & Wellness Market @ https://www.grandviewresearch.com/industry-analysis/personalized-retail-nutrition-wellness-market
Further key findings from the report suggest:
· Based on product type, the market is
bifurcated into dietary supplements & nutraceuticals and functional foods.
Dietary supplements & nutraceuticals is projected to be the fastest growing
segment owing to rising concern among people about lack of nutrition in their
diet
· Vitamin dietary supplements held the
largest share over other supplements owing to high market penetration of
products in this segment. A major percentage of the U.S. population consume
dietary intakes of vitamin A, C, D, and E
· The functional food products segment is
fueled by easy availability of fortified products and changes in regulatory
structure. Functional foods for protein source dominated the overall market
owing to high usage rate of protein-enriched foods among athletes
· With respect to region, North America is
estimated to emerge as the leading market in terms of revenue. This is
primarily due to well-established food and biotechnology industries in U.S.,
coupled with presence of several personalized nutrition companies in the
country
· Habit Food Personalized, LLC; Nima Labs,
Inc.; Pfizer, Inc.; and Bayer AG are some key companies operating in this
market. These players are focused on research activities for customized
wellness product development.
Browse more reports of this category by Grand View
Research at: https://www.grandviewresearch.com/industry/biotechnology
Grand View Research has
segmented the global personalized retail nutrition & wellness market on the
basis of product type and region:
Personalized Retail Nutrition &
Wellness Product Type Outlook (Revenue, USD Million, 2014 - 2025)
·
Dietary Supplements & Nutraceuticals
·
Functional Foods
Personalized Retail Nutrition & Wellness Regional
Outlook (Revenue, USD Million, 2014 - 2025)
·
North America
·
Europe
·
Asia Pacific
·
Latin America
·
Middle East & Africa
Access Press Release of
Personalized
Retail Nutrition & Wellness Market@ https://www.grandviewresearch.com/press-release/global-personalized-retail-nutrition-wellness-market
About
Grand View Research
Grand
View Research, Inc. is a U.S. based market research and consulting company,
registered in the State of California and headquartered in San Francisco.
The company provides syndicated research reports, customized research
reports, and consulting services. To help clients make informed business decisions,
we offer market intelligence studies ensuring relevant and fact-based research
across a range of industries, from technology to chemicals, materials and
healthcare.
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