Personalized Retail Nutrition And Wellness Market Size, Share & Trends Report

Personalized Retail Nutrition And Wellness Market Size, Share & Trends Analysis Report By Type (Dietary Supplements), By Recommendation (Fixed, Repeat, Continuous), And Segment Forecasts, 2019 - 2025

  • Published Date: Nov, 2019
  • Base Year for Estimate: 2018
  • Report ID: GVR-2-68038-449-9
  • Format: Electronic (PDF)
  • Historical Data: 2014 - 2017
  • Number of Pages: 276

Industry Insights

The global personalized retail nutrition & wellness market size was valued at USD 1,458.5 million in 2018 and is projected to grow at a CAGR of 9.5% during the forecast period.In the past years, in terms of revenue, the nutraceutical and functional food market has witnessed significant, however, implementation of a one-size-fits-all approach to nutrition is not appropriate. This, in turn, has led to the evolution of personalized nutrition approach, thus driving the personalized retail nutrition and wellness market.

Furthermore, the evolution of metabolic profiling techniques has enabled the assessment of an individual’s nutritional requirements and the subsequent formulation of a personalized program. With a reduction in the dependence on the resources for genomics research, this technique has found applications in nutrition medicine. The integration of the genomic data with scientific literature and patient’s nutritional background aids in advancing the personalized approach.

Australia Repeat Recommendation Functional Foods Market

An increase in the incidence of lifestyle diseases, growing concerns about inadequate nutrition, and large geriatric population are some of the key reasons responsible for the rise in demand for retail nutrition products. With an increase in the incidence of various illnesses, people are adopting a healthy lifestyle to obtain optimum nutrition for preventing them. This has led to an increase in the consumption of functional food and dietary supplements in the past years.

Furthermore, functional foods are gradually gaining prominence and have become an integral part of a consumer’s daily diet. A higher usage rate is particularly observed for natural functional food products that can be used in sports medicine. Protein supplements, such as whey, are in higher demand as they are believed to help enhance sports performance as well as manage weight. Protein supplements are used in combination with vegetables and fruits.

Rising demand for customized diet, growing awareness for healthier foods, and the introduction of solutions for efficient tracking of health data on a routine basis has generated lucrative opportunities for food manufacturers to expand their business operations. Therefore, key players are investing in the development of personalized nutrition to sustain their competitiveness in the market.

Recommendation Insights

Repeat recommendations accounted for a major personalized retail nutrition & wellness market share in 2018 and are expected to maintain dominance throughout the forecast period. Launch of commercial apps that monitor an individual’s daily routine and lifestyle is attributive to the estimated share. Apps such as MyFitnessPal, MyNetDiary, and Lifesum are used as intervention tools, especially in individuals with weight management issues.

With the increase in the incidence of various illnesses, people are adopting nutritional supplements to maintain an optimum balance. This has led to a rise in the consumption of functional food and dietary supplements in the past years. Moreover, consumers are now focusing on the viable solutions for weight and health management through a personalized approach. This has led to wide adoption of functional food products.

Dietary supplements & nutraceuticals are expected to witness lucrative revenue growth during the forecast period owing to the growing usage of supplements. An increase in cases of individuals suffering from nutrient deficiency is anticipated to increase the uptake of dietary supplements, as it ensures an efficient supply of nutrients to the patient’s body.

Global personalized retail nutrition & wellness Market

Ongoing research studies pertaining to personalized herbal medicine by research institutes and companies are expected to increase awareness in this field, resulting in revenue generation. For instance, a study by Thomford NE et al. published in June 2018 discussed various dimensions of a future convergence map between conventional and herbal medicine.

Regional Insights

North America accounted for the largest revenue share in 2018. This large share of North America can be attributed to a substantial number of manufacturers and health institutes in the U.S. Moreover, usage of the FDA approved ingredients for the development of functional food products by manufacturers have contributed to the large share of this segment.

Furthermore, ongoing clinical trials for validation of newly-developed personalized nutrition algorithms are anticipated to maintain the dominance of this regional market throughout the forecast period. In addition to the aforementioned factors, a large number of facilities engaged in genetic analysis have spurred the implementation of the personalized program in the nutrition sector.

Personalized Retail Nutrition & Wellness Market Share Insights

Understanding the potential of this market, a substantial number of companies ranging from start-ups to well-established companies are investing in personalized nutrition-focused innovations and developments.

Some startup companies include Habit Food Personalized, LLC.; Allergy Amulet; Food Marble; DayTwo Ltd; DNANudge; and STYR labs. The conventional drug developers which have expanded their business in the consumer’s wellness segment are Pfizer, Inc.; Bayer AG; and GlaxoSmithKline plc.

Report Scope 

Attribute

Details

Base year for estimation

2018

Actual estimates/Historical data

2014 - 2018

Forecast period

2019 - 2025

Market representation

Revenue in USD Million and CAGR from 2019 to 2025

Regional scope

North America, Europe, Asia Pacific, Latin America, Middle East & Africa

Country scope

U.S., Canada, France, Germany, Spain, Italy, Switzerland, UK, Russia, Poland, Hungary, China, Japan, India, Australia, Indonesia, Philippines, Vietnam, Brazil, Mexico, Ecuador, Saudi Arabia, Turkey, Iran, South Africa

Report coverage

Revenue forecast, company share, competitive landscape, growth factors and trends

15% free customization scope (equivalent to 5-analyst working days)

If you need specific market information, which is not currently within the scope of the report, we will provide it to you as a part of customization


Segments covered in the report

This report forecasts revenue growth at global, regional, & country levels and provides an analysis of industry trends in each of the sub segments from 2014 to 2025. For the purpose of this study, Grand View Research has segmented the global personalized retail nutrition & wellness market report on the basis of recommendation and region:

  • Recommendation Outlook (Revenue, USD Million, 2014 - 2025)

    • Fixed Recommendation

      • Dietary Supplements & Nutraceuticals

        •  Vitamins

        •  Proteins

        •  Minerals

        • Amino Acids

        •  Enzymes

        • Other dietary supplements & nutraceuticals

      • Functional Foods

        • Proteins

        • Vitamins

        • Dietary Fibers

        • Fatty Acids

        • Minerals

        • Prebiotics & Probiotics

        • Carotenoids

      • Traditional Botanicals

    • Repeat Recommendation

      • Dietary Supplements & Nutraceuticals

        •  Vitamins

        •  Proteins

        •  Minerals

        • Amino Acids

        •  Enzymes

        • Other dietary supplements & nutraceuticals

      • Functional Foods

        •  Proteins

        •  Vitamins

        • Dietary Fibers

        • Fatty Acids

        •  Minerals

        • Prebiotics & Probiotics

        •  Carotenoids

      • Traditional Botanicals

    • Continuous Recommendation

      • Dietary Supplements & Nutraceuticals

        •  Vitamins

        •  Proteins

        •  Minerals

        • Amino Acids

        •  Enzymes

        • Other dietary supplements & nutraceuticals

      • Functional Foods

        •  Proteins

        •  Vitamins

        • Dietary Fibers

        • Fatty Acids

        •  Minerals

        • Prebiotics & Probiotics

        •  Carotenoids

      • Traditional Botanicals

  • Regional Outlook (Revenue, USD Million, 2014 - 2025)

    • North America

      • U.S.

      • Canada

    • Europe

      • France

      • Germany

      • Spain

      • Italy

      • Switzerland

      • UK

      • Russia

      • Poland

      • Hungary

    • Asia Pacific

      • China

      • Japan

      • India

      • Australia

      • Indonesia

      • Philippines

      • Vietnam

    • Latin America

      • Brazil

      • Mexico

      • Ecuador

    • Middle East & Africa

      • Saudi Arabia

      • Iran

      • South Africa

      • Turkey

Key questions answered by the report
Request for Customization

Choose License Type

Single User - $5,950
Multi User (2-5) - $6,950
Enterprise Access - $8,950

Buy Chapters or Sections

Avail customized purchase options to meet your exact research needs:

  • Buy sections of this report
  • Buy country level reports
  • Request for historical data
  • Request discounts available for Start-Ups & Universities

Why Choose Us

  • Research support

    24/5 Research support

    Get your queries resolved from an industry expert.

  • Custom research service

    Custom research service

    Design an exclusive study to serve your research needs.

  • Quality assurance

    Quality assurance

    A testimonial for service in the form of BBB "A" Accreditation.

  • BBB Rating dandb
  • Information security

    Information security

    Your personal and confidential information is safe and secure.

  • grand view research PCI DSS complaint grand view research paypal verified