Nutrigenomics Testing Market size to exceed USD 800mn by 2025
Published Date: August 20, 2019 Authors: Sumant Ugalmugle
Nutrigenomics Testing Market size is set to exceed USD 800 million by 2025; according to a new research report by Global Market Insights, Inc.
Increasing government initiatives for promoting health and wellness in developed regions will escalate nutrigenomics testing market growth over the forecast period. Moreover, government bodies are encouraging industry players to develop superior quality nutrigenomic tests that provide accurate results. Objective behind these initiatives is to reduce morbidity and mortality rates and maintain healthy lifestyle. Increasing awareness regarding importance of personalized nutrition should surge demand for nutrigenomics tests, thereby favoring business growth in coming years.
Rapid advances in molecular biology and genomics will benefit the market growth in coming years. Technological advancements in the study of proteomics, metabolomics and genomics have enabled better understanding of interaction amongst nutrients, genes and bioactive food components. Moreover, nutrigenomics testing can be termed as a counselling for lifestyle management and several disorders. Nutrigenetic test provides specific information about body’s system and efficiently predicts risks associated with the intake of certain food. Moreover, it suggests personalized diet and exercise-based means of diabetes management that will exceed business revenue in near future. However, stringent regulatory scenario may impede nutrigenomics testing industry growth to some extent.
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Cancer segment accounted for more than USD 40 million in 2018 and it is anticipated to witness substantial growth in coming years. Extensive research for cancer prevention and cure will be a high impact rendering factor for cancer nutrigenomics testing market growth. Nutrigenomics testing reveals to the patients benefits of dietary interventions. Preclinical data has demonstrated association between dietary habits and cancer diseases. Thus, nutrigenomics testing has crucial role in cancer management and care that should escalate segment growth over the forecast period.
Online platform segment is anticipated to witness around 15.5% growth throughout the analysis timeframe. Robust growth can be attributed to ease of purchase associated with online purchase. Moreover, industry players are increasingly marketing these tests directly to the consumers. Some companies even offer discounted prices on special occasions for online purchase. As a result, increasing number of people are opting for purchase through online platforms that should augment the segment growth.
Browse key industry insights spread across 115 pages with 69 market data tables & 7 figures & charts from the report, “Nutrigenomics Testing Market Size By Application (Obesity, Diabetes, Cancer, Cardiovascular Diseases), By Distribution Channel (Hospitals & Clinics, Online Platform), Industry Analysis Report, Regional Outlook (U.S., Canada, Germany, UK, France, Italy, Spain, Russia, Japan, China, India, Australia, South Korea, Brazil, Mexico, Argentina, South Africa, Saudi Arabia, UAE), Application Potential, Competitive Market Share & Forecast, 2019 - 2025” in detail along with the table of contents:
North America market size is estimated to witness more than 12% growth over the forecast period. Increasing number of people in the region are opting personalized diet as it assists them to manage appropriate nutritional values essential for healthy body metabolism. Moreover, easy availability of nutritional genomics testing through online platforms proves beneficial for regional growth. Increasing prevalence of diabetes, cancer and other chronic diseases will augment the demand for nutritional testing market in North America.
Notable industry players operational in nutrigenomics testing market are GX Sciences, CURA INTEGRATIVE MEDICINE, Holistic Heal, Interleukin Genetics, Salugen, NutraGene, Metagenics, Pathway Genomics, Gene Box, Nutrigenomix, Xcode Life and Sanger Genomics. These industry players are implementing numerous strategies such as geographical expansion, mergers, acquisitions, collaborations, emphasis on R&D activities. These strategies will enable companies to capture higher revenue share and gain competitive advantage. For instance, in 2015, Nutrigenomix launched NGx-Gluten that is used for detecting gluten intolerance by assessing 6 variations in HLA genes. This test helps in obtaining the level of intolerance i.e., low, medium or high risk.
Nutrigenomics testing market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue in USD million from 2014 to 2025, for the following segments:
Nutrigenomics Testing Market, By Application (USD million)
- Cardiovascular Diseases
By Distribution Channel (USD million)
- Hospitals & Clinics
- Online Platform
The above information is provided for the following regions and countries:
- North America
- Asia Pacific
- South Korea
- Latin America
- Middle East & Africa
- South Africa
- Saudi Arabia