China Personalized Retail Nutrition And Wellness Market
- Pharmaceuticals
- Complementary And Alternative Medicine
- personalized retail nutrition wellness market
- Complementary And Alternative Medicine
Global Market
Related Markets
Ask a question about the personalized retail nutrition wellness market
China personalized retail nutrition and wellness market highlights
- The China personalized retail nutrition and wellness market generated a revenue of USD 159.5 million in 2022 and is expected to reach USD 609.4 million by 2030.
- The China market is expected to grow at a CAGR of 18.2% from 2023 to 2030.
- In terms of segment, repeat recommendation was the largest revenue generating type in 2022.
- Personalized Testing is the most lucrative type segment registering the fastest growth during the forecast period.
Personalized retail nutrition and wellness market data book summary
| Market revenue in 2022 | USD 159.5 million |
| Market revenue in 2030 | USD 609.4 million |
| Growth rate | 18.2% (CAGR from 2022 to 2030) |
| Largest segment | Repeat recommendation |
| Fastest growing segment | Personalized Testing |
| Historical data | 2018 - 2021 |
| Base year | 2022 |
| Forecast period | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Fixed Recommendation, Repeat Recommendation, Continuous Recommendation, Personalized Testing |
| Key market players worldwide | Nature's Brands, Cargill, Bayer AG, PlateJoy, Better Therapeutics Inc, Noom, Prenetics Global Ltd Class A |
Other key industry trends
- In terms of revenue, China accounted for 5.3% of the global personalized retail nutrition and wellness market in 2022.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China personalized retail nutrition and wellness market is projected to lead the regional market in terms of revenue in 2030.
- China is the fastest growing regional market in Asia Pacific and is projected to reach USD 609.4 million by 2030.
In China, there is rise in numbe of cases of patients with child obesity, diabetes, cardiovascular diseases, and food allergies. In addition to this, there is a growing awareness among the Chinese population to take an active role in their own well-being. These two factors are playing significant role in driving the country market growth. Chinese companies are considering personalized medicine as a growth strategy.
Companies are collaborating with major and small players to build their product portfolio for Chinese population. For instance, In May 2017, BASF and By-Health signed 10-year strategic agreement to co-develop concepts and technology for personalized nutrition solutions. In 2015, By-Health upgraded its product/service portfolio to become a comprehensive nutrition solution provider from single dietary supplement supplie.
No credit card required*
Customize the Report
20% free customization
- Include
- Countries, segments, points
- Tailor
- To your product definition
- Extend
- Deeper competitor detail
- Or
- A fully bespoke study
Horizon in a snapshot
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
Personalized Retail Nutrition Wellness Market
Personalized Retail Nutrition Wellness Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Bayer AG | View profile | 99,723 | Kaiser-Wilhelm-Allee 1, Leverkusen, NW, Germany, 51368 | www.bayer.com |
| Cargill | View profile | 10001+ | Minneapolis, Minnesota, United States, North America | www.cargill.com |
| Nature's Brands | View profile | 11-50 | Chattanooga, Tennessee, United States, North America | www.naturesbrands.com/ |
| Noom | View profile | 1001-5000 | New York, New York, United States, North America | www.noom.com |
| PlateJoy | View profile | 1-10 | Cambridge, Massachusetts, United States, North America | platejoy.com |
| Better Therapeutics Inc | View profile | 54 | 548 Market Street, Suite 49404, San Francisco, CA, United States, 94104 | www.bettertx.com |
| Prenetics Global Ltd Class A | View profile | 320 | Unit 703-706, K11 Atelier King’s Road, 728 King’s Road, Quarry Bay, Hong Kong, Hong Kong | www.prenetics.com |
China personalized retail nutrition wellness market
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to Personalized Retail Nutrition And Wellness Market will help companies and investors design strategic landscapes.
Repeat Recommendation was the largest segment with a revenue share of 46.65% in 2022.
Horizon Databook has segmented the China personalized retail nutrition and wellness market based on fixed recommendation, repeat recommendation, continuous recommendation, personalized testing covering the revenue growth of each sub-segment from 2018 to 2030.
In China, there is rise in numbe of cases of patients with child obesity, diabetes, cardiovascular diseases, and food allergies. In addition to this, there is a growing awareness among the Chinese population to take an active role in their own well-being. These two factors are playing significant role in driving the country market growth. Chinese companies are considering personalized medicine as a growth strategy.
Companies are collaborating with major and small players to build their product portfolio for Chinese population. For instance, In May 2017, BASF and By-Health signed 10-year strategic agreement to co-develop concepts and technology for personalized nutrition solutions. In 2015, By-Health upgraded its product/service portfolio to become a comprehensive nutrition solution provider from single dietary supplement supplie.
- China Personalized Retail Nutrition And Wellness Market Type Outlook (Revenue, USD Million , 2018-2030)
- Fixed Recommendation
- Repeat Recommendation
- Continuous Recommendation
- Personalized Testing
Reasons to subscribe to personalized retail nutrition wellness market databook
- Access to comprehensive data: Horizon Databook provides over 1 million market statistics and 20,000+ reports, offering extensive coverage across various industries and regions.
- Informed decision making: Subscribers gain insights into market trends, customer preferences, and competitor strategies, empowering informed business decisions.
- Cost-Effective solution: It's recognized as the world's most cost-effective market research database, offering high ROI through its vast repository of data and reports.
- Customizable reports: Tailored reports and analytics allow companies to drill down into specific markets, demographics, or product segments, adapting to unique business needs.
- Strategic advantage: By staying updated with the latest market intelligence, companies can stay ahead of competitors, anticipate industry shifts, and capitalize on emerging opportunities.
Target buyers of personalized retail nutrition wellness market databook
- Our clientele includes a mix of personalized retail nutrition wellness market companies, investment firms, advisory firms & academic institutions.
- 30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
- Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
- The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the China personalized retail nutrition wellness market, including forecasts for subscribers. This country databook contains high-level insights into China personalized retail nutrition wellness market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
China Personalized Retail Nutrition And Wellness Market, 2018-2030 (US$M)
China personalized retail nutrition wellness market statistics, by type, 2018-2030 (US$M)
