Japan Personalized Retail Nutrition And Wellness Market
- Pharmaceuticals
- Complementary And Alternative Medicine
- personalized retail nutrition wellness market
- Complementary And Alternative Medicine
Global Market
Related Markets
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Japan personalized retail nutrition and wellness market highlights
- The Japan personalized retail nutrition and wellness market generated a revenue of USD 147.7 million in 2022 and is expected to reach USD 495.8 million by 2030.
- The Japan market is expected to grow at a CAGR of 16.3% 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 147.7 million |
| Market revenue in 2030 | USD 495.8 million |
| Growth rate | 16.3% (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, Japan accounted for 4.9% 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.
Various initiatives are taken in Japan in order to boost the growth and popularity of personalized nutrition. One such initative is DSM’s Connecting Bright Innovations, first open innovation program which aimed at supporting development of perosnalized nutrition industry in the Japanese economy. This initiative was introduced in September 2015. In saddition to this, the well establsihed companies are engaged in the expansion of service and product portfolio to enhance their share in the personlaized nutrition market.
For instance, in May 2018, Nestle Japan Co., Ltd. added a new service to enhance the “Nestle Wellness Ambassador” program, a program that enables its members to receive personalized recommendations, containing relevant ingredients and nutrients for optimal health and beauty.
Furthermore, in May 2018, Roquette expanded its Food Customer Technical Service Center (CTS) in Tokyo in order to fulfill the rising demand from Asian and Japanese consumers for personalized nutrition. Furthermore, in June 2017, DSM expanded personalized nutrition business in Japan by creating a novel business model.
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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 |
Japan 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 46.11% in 2022.
Horizon Databook has segmented the Japan 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.
Various initiatives are taken in Japan in order to boost the growth and popularity of personalized nutrition. One such initative is DSM’s Connecting Bright Innovations, first open innovation program which aimed at supporting development of perosnalized nutrition industry in the Japanese economy. This initiative was introduced in September 2015. In saddition to this, the well establsihed companies are engaged in the expansion of service and product portfolio to enhance their share in the personlaized nutrition market.
For instance, in May 2018, Nestle Japan Co., Ltd. added a new service to enhance the “Nestle Wellness Ambassador” program, a program that enables its members to receive personalized recommendations, containing relevant ingredients and nutrients for optimal health and beauty.
Furthermore, in May 2018, Roquette expanded its Food Customer Technical Service Center (CTS) in Tokyo in order to fulfill the rising demand from Asian and Japanese consumers for personalized nutrition. Furthermore, in June 2017, DSM expanded personalized nutrition business in Japan by creating a novel business model.
- Japan Personalized Retail Nutrition And Wellness Market Type Outlook (Revenue, USD Million , 2018-2030)
- Fixed Recommendation
- Repeat Recommendation
- Continuous Recommendation
- Personalized Testing
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Horizon Databook provides a detailed overview of country-level data and insights on the Japan personalized retail nutrition wellness market, including forecasts for subscribers. This country databook contains high-level insights into Japan personalized retail nutrition wellness market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Japan Personalized Retail Nutrition And Wellness Market, 2018-2030 (US$M)
Japan personalized retail nutrition wellness market statistics, by type, 2018-2030 (US$M)
