New York, NY, July 12, 2019 (GLOBE NEWSWIRE) -- Zion Market Research has published a new report titled “Nutrigenomics Market by Product Type (Reagents and Kits and Services) and by Application (Cardiovascular Diseases, Obesity, Cancer, and Other Chronic Diseases): Global Market Perspective, Comprehensive Analysis, and Forecast, 2018–2025”. According to the report, the global nutrigenomics market was USD 287 million in 2018 and is expected to generate around USD 845 million by 2025, at a CAGR of 16.6% between 2019 and 2025.
Nutrigenomics is the science domain that helps in determining the association between nutritional diet, healthcare, and the human genome. It further aids in understanding an individual’s food intakes and how the entire human system reacts to various foods. For instance, the lactose-intolerant population experience discomfort in their gastrointestinal tract after consuming dairy products, whereas others consume dairy food without any problems.
Browse through 37 Tables & 16 Figures spread over 120 Pages and in-depth TOC on “Global Nutrigenomics Market: Industry Size, Share, Trends, Growth, Applications, Analysis and Forecast, 2018–2025”.
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Growing occurrences of metabolic ailments, increasing overweight population globally, and rising utilization of nutrigenomics in the dermatology field are the major growth drivers of the global nutrigenomics market. Furthermore, cumulative healthcare spending and government support for various R&D activities, ongoing advancements in technology, and escalating advanced diagnostic methods demand are fuelling the global nutrigenomics market growth. However, the shortage of qualified healthcare service providers and professionals and high treatment cost may limit the global nutrigenomics market.
The global nutrigenomics market is fragmented on the basis of product type and application. On the basis of product type, the global nutrigenomics market includes reagents and kits and services. The reagents and kits segment accounted for a major global nutrigenomics market share in 2018, due to rising public health awareness about chronic diseases and a growing number of clinical laboratories. The nutrigenomics services are expected to register a high CAGR in the global market over the forecast time period, owing to the rapidly growing healthcare IT services, such as electronic health records, telepathy, and user-friendly portable healthcare apps for bedridden patients.
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Based on application, the market includes cardiovascular diseases, obesity, cancer, and other chronic diseases. The obesity segment accounted for the major share of the global market in 2018, due to the rapidly growing obesity prevalence owing to unhealthy lifestyle, growing insulin resistance, stress, etc. Moreover, the genetic factors related to obesity are also contributing to this segment’s growth.
North America is likely to contribute substantially to the global nutrigenomics market in the years ahead. This can be attributed to the launch of direct consumer nutrigenomics supply channels, and escalating ingestion of specialized diet, and the introduction of the latest technologies and biotechnologies in the food sector. In addition, the U.S. and Canada have huge numbers of obese patients and patients suffering from lifestyle-related disorders, such as diabetes. This, in turn, will further fuel this regional market’s growth in the future. Moreover, the rising regional nutrigenomics awareness and growing government support are also propelling the North American nutrigenomics market.
Browse the full “Nutrigenomics Market by Product Type (Reagents and Kits and Services) and by Application (Cardiovascular Diseases, Obesity, Cancer, and Other Chronic Diseases): Global Market Perspective, Comprehensive Analysis, and Forecast, 2018–2025” Report at https://www.zionmarketresearch.com/report/nutrigenomics-market
Europe held the second spot in the global nutrigenomics market in 2018, due to advanced economies, presence of advanced healthcare system, growing healthcare expenditure, and increasing lifestyle-related diseases prevalence in Europe.
The Asia Pacific nutrigenomics market is likely to witness considerable growth in the years ahead, owing to the rising demand for functional foods and beverages that has boosted the adoption of nutrigenomics techniques. Growing spending on healthcare and increasing demand for holistic treatment along with rising health-consciousness of the regional population will also contribute majorly to the Asia Pacific nutrigenomics market. Additionally, Japan is projected to be the major regional consumer of functional foods over the forecast time period.
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Latin America and the Middle East and Africa accounted for least shares in the global nutrigenomics market. This can be due to the low nutrigenomics awareness and low affordability rate. However, growing government support to increase regional awareness and increasing per capita income are likely to boost these regional markets significantly in the future.
Some major companies operating in the global nutrigenomics market are DSM N.V., Koninklijke, BASF, GeneSmart, Unilever, Danone, Genova Diagnostics, Metagenics, Nutrigenomix, WellGen, and Cell Logic.
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This report segments the global nutrigenomics market into:
Global Nutrigenomics Market: Product Analysis
- Reagents and Kits
- Services
Global Nutrigenomics Market: Application Analysis
- Cardiovascular Diseases
- Obesity
- Cancer
- Others Chronic Diseases
Global Nutrigenomics Market: Regional Analysis
- North America
- The U.S.
- Europe
- UK
- France
- Germany
- Asia Pacific
- China
- Japan
- India
- Latin America
- Brazil
- The Middle East and Africa
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