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Revolutionizing Health: Exploring the Lucrative Nutrigenomic Market

The nutrigenomics market is anticipated to grow at a CAGR of 16% over the course of the forecast period, from US$ 451.7 Million in 2021 to US$ 2311.49 Million in valuation by 2032.

Nutrigenomics is a novel technology that attempts to close the gap between advanced genetics and nutrition.Nutrigenomics is a technology that doctors can utilise to ascertain a patient's metabolic requirements and then recommend dietary supplements based on those needs. Nutrigenomics may enable a person to receive a personalised nutritional recommendation. Nutrigenomics focuses on single nucleotide polymorphisms (SNPs), which account for 90% of the variation in the human genome.

Clinical information, biomarkers, and genetic assays are among the instruments utilised in nutrigenomics. A disease's propensity to manifest and to be treated individually can both be discovered with the help of nutrigenomics. Nutrigenomics finds applications in a variety of fields, including research, dietary supplements, and the pharmaceutical industry.

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Increasing Demand for Personalized Products is Propelling the Nutrigenomics Market

The increase in the prevalence of diabetes, other chronic diseases is anticipated to increase the demand for nutrigenomics. According to the World Health Organization, in 2016, approximately 1.6 million deaths occurred due to diabetes and was the seventh leading cause of death in the world. Chronic diseases are the major cause of death all across the globe. By 2020, the chronic diseases are anticipated to rise up to 73% of the total deaths.

Nutrigenomics Market: Regional Analysis

The demand for nutrigenomics is estimated to grow at a high rate in the North America region. According to the Centers for Disease Control and Prevention (CDC), by 2030, around 42% of the population in America is estimated to suffer from obesity. As the awareness about obesity increases, the consumer inclination towards the use of personalized products is projected to increase. Thus, the increase in the number of obesity is expected to serve as a major driver for the increase in the demand for nutrigenomics in the North America region.

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Asia Pacific region also creates an excellent opportunity for the companies that provide nutrigenomics service. The increase in the prevalence of diabetes and obesity are anticipated to serve as a major driver for the increase in the demand for nutrigenomics. According to the WHO, by 2030, the occurrence of diabetes in India is anticipated to reach around 79 million. Malaysia has a huge problem of obesity and tops the list for the highest prevalence of diabetes and obesity in the South-East Asia region. Thus, the increasing cases of diabetes and obesity are estimated to have a positive impact on the nutrigenomics market.

Nutrigenomics Market: Key Participants

Some of the key market players in the nutrigenomics market are:

GX Sciences, Inc
Nutrigenomix
NutraGene
Cura Integrative Medicine
Metagenics, Inc
XCODE Life Sciences Pvt. Ltd.
Nutrigenomics New Zealand
Ora Organic
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On the basis of end-use, the nutrigenomics market can be segmented as:

Food and Beverage
Pharmaceutical
Functional Foods and Dietary Supplement
Hospitals
Academic and Research Organizations