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Personalized Nutrition Market Estimated to Surpass $37,286.9 Million and Grow at 11.48% CAGR in 2022-2030 [215-Pages] | Research Dive
According to the report, the is estimated to garner a , growing at a during the forecast period .
Rising strategic alliances among market players and growing health concern among people are the prime factors anticipated to drive the growth of the global personalized nutrition market during the analysis years. In addition, increasing demand for customized solutions and growing geriatric population across the world are also expected to boost the market growth by 2030.
Increasing R&D activities to develop latest technology devices for personalized nutrition along with the utilization of artificial intelligence for the same are some factors to create abundant growth opportunities for the global personalized nutrition market by 2030. Moreover, business expansion by prominent market players is also predicted to offer ample market growth opportunities during the forecast period.
High cost of personalized nutrition services is the major factor projected to hamper the market growth.
Though the Covid-19 pandemic has had a disastrous impact on several businesses, the global personalized nutrition market witnessed noteworthy growth rate amid the pandemic stress. Due to rising number of infected patients and the severe symptoms, many people are taking their health seriously and adopting health diets during the government-imposed strict lockdowns. Moreover, companies are witnessing growing demand for protein powders, supplements, and energy drinks along with other customized nutritional services like personal training, nutritional consulting, etc. These factors are anticipated to propel the market growth during the catastrophe.
The report has segmented the market into multiple segments based on product type, application, end-use, and regional analysis.
Some major market players are
These key players are undertaking various strategies such as product development and enhancement, merger and acquisition, partnerships and collaborations to sustain the market growth. –
For example, in April 2021 , Amway, a US-based leading multi-level marketing company, announced its addition of the brand-new vitamin-C tablet Nutrilite that is made of acerola cherry extract and helps in supporting body's natural defense system.
The report also summarizes many important facets including financial performance of the key market players, SWOT analysis, product portfolio, and the latest strategic developments.
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