The TechSci Research report, titled “United States Nutrigenomics Market – By Region, Competition, Forecast, and Opportunities, 2028F,” sheds light on the promising prospects of the United States Nutrigenomics Market over the forecast period spanning from 2024 to 2028. This period is poised for significant growth driven by several key factors. In this comprehensive analysis, we explore the factors contributing to this market’s expansion, its segmentation, and the challenges it faces. Moreover, we delve into the critical question: Who will benefit from this report?
Factors Driving Market Growth
Investments in Pharmaceutical and Biotechnology Research: The United States Nutrigenomics Market is poised to experience remarkable growth, primarily attributed to increased investments in pharmaceutical and biotechnology-based research and development activities. These investments are paving the way for innovative discoveries and solutions in the field.
Technological Advancements in Molecular Biology and Genomics: The rapid progress in molecular biology and genomics is revolutionizing the field of nutrigenomics. These technological advancements are enhancing our understanding of how genetics and nutrition interplay, driving research and product development.
Advanced Diagnostic Processes: The growing preference for advanced diagnostic procedures is another pivotal factor contributing to market growth. Nutrigenomics is at the forefront of personalized health, offering insights into an individual’s unique dietary requirements and health risks.
Increasing Demand for Anti-Aging Treatments: As people increasingly seek ways to combat the effects of aging, the market benefits from the rising demand for anti-aging treatments. Nutrigenomics plays a significant role in tailoring anti-aging strategies based on an individual’s genetic makeup.
Cancer Research and Prevention: Nutrigenomics is increasingly important in cancer research. By understanding how dietary choices and genetics interact, researchers are uncovering insights into the etiological factors of cancer. With the rise in cancer incidence, the demand for nutrigenomic solutions is expected to surge.
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Market Expansion Prospects
The future of the United States Nutrigenomics Market is promising, with growth expected to be driven by the growing awareness of the profound impact of nutrition on an individual’s health. This includes its role in conditions like cardiovascular diseases, obesity, and cancer. As people become more conscious of how their dietary choices can mitigate health risks, the market is positioned for further expansion.
Factors Limiting Growth
Nevertheless, certain factors stand as hurdles to the overall growth of the United States Nutrigenomics Market. These include:
- High Investment in Technologies: The need for substantial investments in advanced technologies and equipment poses a challenge. This high capital requirement can deter market entry for some.
- Skilled Workforce Requirement: The operation of sophisticated instruments necessitates a skilled workforce. The shortage of trained professionals can limit the market’s growth potential.
- Low Awareness Among Individuals: The general awareness of nutrigenomics and its benefits among the public remains relatively low. Widespread education and awareness campaigns are needed to harness the market’s full potential.
Segmentation of the United States Nutrigenomics Market
The United States Nutrigenomics Market is segmented based on product & services, technique, product, and application.
- Product & Services: This category is divided into Services (Nutrigenomics Genetic Testing) and Products. The Services segment is projected to experience high compound annual growth rate (CAGR) within the United States Nutrigenomics Market. This is attributed to the increasing prevalence of chronic diseases and the surging demand for testing kits within the United States.
- Product: The product category comprises Vitamins & Supplements, Probiotics, and Prebiotics. The Vitamins & Supplements segment is poised to be the driving force behind market growth during the forecast period from 2024 to 2028. The easy availability of Vitamins & Supplements, coupled with their high consumption to meet daily nutritional requirements, contributes to this growth.
- Technique: In this segment, the market is divided into Saliva/Buccal Swab, Blood, and Others. The blood segment is anticipated to hold the largest market share during the forecast period. Blood tests offer a comprehensive analysis of various components in the body, ensuring accuracy and reliability in the results.
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Major companies operating in the United States Nutrigenomics Market are:
- BioGaia
- DuPont de Nemours, Inc.
- Nutrigenomix Inc.
- Metagenics, Inc.
- Genova Diagnostics, Inc.
- DNA fit
- MedGenome
- Garden of Life, LLC.
- GeneOmbio
- WellGen Inc.
Based on Application, the market is categorized into Obesity, Cancer Research, Cardiovascular Diseases, Digestive Health, and Others. The Obesity segment is expected to dominate the growth of the Nutrigenomics market in the United States. This expansion is ascribed to an increase in obesity prevalence among young and older generations as a result of excessive eating, bad sleeping habits, stress, and heredity. Further, the cancer segment is expected to support the growth of the market”, said Mr. Karan Chechi, Research Director with TechSci Research, a research-based global management consulting firm.
“United States Nutrigenomics Market- By Product & Services (Services (Nutrigenomics Genetic Testing) vs Product), By Product (Vitamins & Supplements, Probiotics, Prebiotics), By Technique (Saliva/Buccal Swab, Blood, Others), By Application (Obesity, Cancer Research, Cardiovascular Diseases, Digestive Health, Others), By Company and By Region, has evaluated the future growth potential of United States Nutrigenomics Market and provides statistics & information on market size, structure, and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in the United States Nutrigenomics Market.”
The United States Nutrigenomics Market is on an upward trajectory, with several factors fueling its growth. While challenges exist, they are outweighed by the opportunities in this dynamic sector. The segmentation of the market and insights provided in this report offer a comprehensive understanding of the market landscape. It is an essential resource for healthcare professionals, biotechnology companies, investors, and academic researchers looking to navigate the evolving landscape of nutrigenomics in the United States.
Who Will Benefit from This Report?
- Healthcare Professionals: Physicians, nutritionists, and genetic counselors can gain valuable insights into the emerging field of nutrigenomics. This report can inform their practice and help them make informed decisions for their patients.
- Biotechnology Companies: Companies operating in the biotechnology and pharmaceutical sectors can benefit from understanding the market dynamics, growth prospects, and areas for potential investment in nutrigenomics.
- Investors: Investors looking for opportunities in the healthcare and biotechnology sectors can use this report to identify promising areas for investment and assess market trends.
- Academic Researchers: Researchers in genomics and nutrition can find valuable data and trends to inform their studies and projects in the burgeoning field of nutrigenomics.
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