Industry Outlook and Trend Analysis
The Nutrigenomics Market has witnessed significant growth in the recent years and is anticipated to grow tremendously over the forecast period. Nutrigenomics is a branch of healthful genomics and is the study of the impacts of foods and food constituents on gene expression. It is a field of research concentrating on distinguishing and understanding molecular-level collaboration amongst supplements and other dietary bioactives with the genome. Nutrigenomics deals with the impact of genetic variation from nutrition by correlating gene expression or SNPs with a nutrient's absorption, metabolism, elimination or biological impacts. The field expects to improve rational means to advance nutrition as for a person's genotype. By deciding the mechanism of the impacts of supplements or the impacts of a nutritional regime, nutrigenomics tries to characterize the causality or connection between these particular supplements and particular nutrient regimes (diets) on human wellbeing. Nutrigenomics has been related with personalized nutrition based on genotype.
Drivers and Restraints
The main considerations contributing for the development of the market are increasing diabetic and obese population, expanding applications in dermatology, and expanding interest for the progressed analytic techniques. As indicated by the International Diabetes Federation (2016), 420 million adults were experiencing diabetes which is foreseen to achieve 625 million by 2040. Further, according to the World Health Organization (2014), in excess of 600 million adults were stout and 1.9 billion adults were overweight. In addition, expanding healthcare expenditure and government support for R&D has powered the market development. In any case, high cost of treatment and need of very much qualified doctors may limit the development of market.
The Nutrigenomics Market is segmented on the basis of product, technique and application. Based on product the market is segmented into reagents & kits and services. On the basis technique the market is segmented into saliva, blood, buccal swab and others. Based on application the market is segmented into obesity, anti-aging, diabetes, chronic diseases. Obesity is the most generally examined themes in nutrigenomics.
Regional Outlook and Trend Analysis
America commands the worldwide nutrigenomics market attributable to the existence of tremendous populace experiencing diabetes and obesity. North America holds the biggest share of the market in America nutrigenomics market. As per the Centres for Disease Control and Prevention (2015), in America roughly 9.3% of the aggregate America populace is experiencing diabetes. Europe has the second biggest market for the nutrigenomics which is trailed by Asia Pacific. Existence of well-developed healthcare sector, the nutrigenomics market in Europe is developing at a CAGR of 17%. Asia Pacific nutrigenomics market is required to develop at a CAGR of 17.1% amid the estimated period.
The leading players in the market are NutraGene, Genomix Nutrition Inc, Nutrigenomix, Metagenics Inc, WellGen Inc, Cura Integrative Medicine and XCODE Life Sciences Pvt Ltd. The major players in the market are profiled in detail in view of qualities, for example, company portfolio, business strategies, financial overview, recent developments, and share of the overall industry.
The Nutrigenomics Market is segmented as follows-
Reagents & kits
Rest of Europe
Rest of Asia-Pacific
Rest of South America
Middle East and Africa
Rest of MEA
Some of the key questions answered by the report are:
What was the market size in 2014 and forecast from 2015 to 2023?
What will be the industry market growth from 2015 to 2023?
What are the major drivers, restraints, opportunities, challenges, and industry trends and their impact on the market forecast?
What are the major segments leading the market growth and why?
Which are the leading players in the market and what are the major strategies adopted by them to sustain the market competition?