Nutrigenomics Market Expected to Reach $2.1 Billion by 2032

Nutrigenomics Statistics:

• The global nutrigenomics market is projected to reach $2.1 billion by 2032, growing at a Compound Annual Growth Rate (CAGR) of 17.2% from 2023 to 2032.
• In North America, the demand for nutrigenomics is expected to expand rapidly due to growing health disorders.
• The reagents and kits sub-segment is expected to grow at the highest CAGR of 17.5% during the forecast period from 2023 to 2032.
• The obesity sub-segment accounted for the largest market share of 37.0% in 2022 and is expected to the highest grow at a CAGR of 18.1% during the forecast period.
• The hospitals & clinics sub-segment of the global market accounted for the highest share of 46.8% in 2022 and is projected to continue to hold major market share by 2032.
• The nutrigenomics market in the North America region accounted for the largest share of 43.9% in 2022 and is predicted to be dominant and grow at the highest CAGR of 18.0% during the forecast period.

Nutrigenomics studies the effect of nutrients on gene expression. In other words, nutrigenomics provides a genetic understanding of how common dietary components affect the balance between health and disease by altering the expression and/or structure of an individual’s genetic make-up.

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Nutrigenomics testing reports are bound by regulatory norms by the FDA for the development, marketing, labeling, promotion, manufacturing, distribution, and export of diagnostic products and genetic reports. The third-party laboratories that nutrigenomics companies contract with are administered by the Centers for Medicare and Medicaid Services (CMS) as well as agencies in various states across different regions. Thus, these companies providing nutrigenomics tests are bound by various federal, state, and foreign laws, including anti-fraud and abuse, anti-kickback, and patient privacy. Furthermore, failure to comply with applicable requirements can lead to sanctions for nutrigenomics tests providers such as withdrawal of products from the market, recalls, refusal to authorize government contracts, product seizures, and others. Therefore, governments regulations and approvals act as a barrier for the nutrigenomics market growth.

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Nutrigenomics Market Report Highlights:

By Product Type

• Reagents and Kits
• Services

By Applications

• Diabetes
• Cardiovascular Diseases
• Cancer Research
• Obesity

By End User

• Online Platforms
• Hospitals and Clinics
• Others

By Region

• North America (U.S., Canada, Mexico)
• Europe (Germany, UK, France, Spain, Italy, Rest of Europe)
• Asia-Pacific (China, Japan, India, South Korea, Australia, Rest of Asia-Pacific)
• LAMEA (Brazil, UAE, Saudi Arabia, South Africa, Rest of LAMEA)

Key Player Analysis:

• Nutrigenomix Inc.
• Metagenics, Inc.
• The Gene Box
• DNA Life
• GX Sciences Inc.
• Genova Diagnostics
• Holistic Health
• Cura Integrative Medicine
• Xcode Life

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Key Benefits for Stakeholders

• This report provides quantitative information on the nutrigenomics market analysis, segments, current trends, estimations, and dynamics of the market from 2022 to 2032.
• The market research study is offered along with information related to nutrigenomics market opportunity, key drivers and restraints.
• Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
• In-depth analysis of the nutrigenomics market segmentation assists to determine the prevailing market opportunities.
• Major countries in each region are mapped according to their revenue contribution to the global market along with the nutrigenomics market trends in those regions.
• Key player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
• The report includes an analysis of the regional as well as global nutrigenomics market trends, key players, segments, application areas, and growth strategies.

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