Personalized nutrition programs provide detailed information about an individual’s genetic and metabolic characteristics. It is further used to design a suitable and a customized plan -comprising ceratin foods and supplements. Numerous products of personalized nutrition are vitamins, herbs & botanicals, minerals, proteins & amino acids, fatty acids, probiotics, fibers & specialty carbohydrates, and others including prebiotics, carotenoids, and glucosamine, among others. Increased sedentary lifestyle has contributed to lack of nutrition, which is among the major factor which attributes to the growth of the market. However, some of the factors such as lack of research activities in the nutrition segment are one of the major attributes which hinder the market growth. Moreover, lack of awareness among the consumers is also some of the major factors which attributes to the growth of the market.
Personalised Retail Nutrition and Wellness Market: Key Players
The research study includes profiles of leading companies operating in the global personalised retail nutrition and wellness market. Key players profiled in the report include: BASF SE, Caligenix, Care/of, DayTwo Inc., DNAFit, Genomix Nutrition, GX Sciences, Habit Food Personalized LLC, InsideTracker and Lonza, Metagenics, Inc. In May 2019, Mars Incorporated announced its partnership with Jerusalem Venture Partners (JVP), a leading international venture capital fund. It was described as a research and development agreement in Israel aiming to pursue innovative tech solutions for global food, agriculture, and nutrition challenges.
Drivers for the Global Personalised Retail Nutrition and Wellness Market:
Some of the factors such as increased demand for micronutrients are among the major attributes which accelerates the growth of the market. I addition, increased diseases associated with lifestyle diseases are some of the major factor which boost the growth of the market. Moreover, increased demand for the tracking of the supplements is also one of the major attributes which bolsters the growth of the market.
Opportunities for the Global Personalised Retail Nutrition and Wellness Market:
Some of the factors such as emergence of new players in the market contribute to the growth of the market. Moreover, advent of new technology for the determination and tracking of the micronutrients also boost the growth of the market. Moreover, increased availability of the personalised programs also boosts the growth of the market.
Restrains for the Global Personalised Retail Nutrition and Wellness Market:
Some of the factors such as increased costs of the supplements are some of the major factors which hinder the growth of the market in the estimated forecasts period. Moreover, lack of research in the nutrition sector also hampers the growth of the market. In addition, stringent regulatory scenarios also hamper the market growth in the estimated forecast period.
Region Wise, Global Personalised Retail Nutrition and Wellness Market Analysis:
North America is anticipated to have largest share in the market. This can be attributed to the increased demand for the micronutrients which is one of the major factors which contributes to the growth of the market. Moreover, increased economic factors in these regions are also one of the major factors which boost the growth of the market. In addition, presence of several established biotechnology companies in the regions also attributes to the growth of the market.
Covid-19: Impact and Recovery Analysis for Global Personalised Retail Nutrition and Wellness Market:
The world is greatly affected by the uncertain raise of the covid-19 Pandemic among the population. The Corona virus outbreak has disrupted & disturbed every sector of business as well as human activity. In most parts of the world there has been a complete restriction set by governments regarding various activities and in turn this is greatly affecting the financial stability of industries like: Personalised Retail Nutrition and Wellness Market globally. Most of the industries and businesses like: Personalised Retail Nutrition and Wellness Market are shifting to manufacturing equipment that can support the covid-19 spread from increasing and spreading. The Personalised Retail Nutrition and Wellness market has been impacted due to government restrictions on public activity, halting business activities, shutting down of service companies/providers and many other impacts that have been caused due to lockdown in various parts of the world. Moreover, some of the factors such as lack of availability of the products also attributed to the halt in the market.
Global Personalised Retail Nutrition and Wellness Market: Product analysis
- Dietary Supplements and Nutraceuticals
- Functional Food
- Functional Beverage
- Sports Nutragenomics
Global Personalised Retail Nutrition and Wellness Market: Application analysis
- Medicinal Supplements
- Additional Supplements
- Sports Nutrition
- Lifestyle Diseases
- Inherited Diseases
Global Personalised Retail Nutrition and Wellness Market: Region analysis
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of L.A.
- Middle East and Africa
- South Africa
- Rest of Middle East
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