Personalized Retail Nutrition and Wellness Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 - 2028

  • Single User License $3500

Personalized Retail Nutrition and Wellness Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 - 2028

Status : February, 2023 | Biotechnology

Report Digest

Global Personalized Retail Nutrition and Wellness Market: Overview

The global market for personalized retail and wellness has witnessed a plausible rise in its valuation as well as its global outreach in the past few years. From a vast rise in the number of products across categories such as functional food and nutraceuticals to the vast advancements in the field of metabolic profiling, the market has achieved great strides and continues to expand at an impressive pace. Increased availability of a number of technologies for acquiring patient data across a number of aspects, allowing for more accurate and reliable understanding of underlying nutritional needs, has also allowed for the smooth expansion of the market over the years.

In the near future, the vast rise in prevalence of a number of chronic diseases, increased understanding regarding the need for healthy life, rising awareness regarding the need for adequate nutrition, and rising geriatric population will contribute to the increased demand for personalized retail nutrition and wellness services and products. The report also presents an account of the other notable factors that will contribute to the increased demand for personalized retail nutrition and wellness services and products. Other key trends, restraints, regulatory factors, and socio-economic factors likely to have a notable impact on the growth prospects of the market are also examined in detail in the report.

Personalized Retail Nutrition and Wellness Market: Trends and Opportunities

Rising disposable incomes of people across developing economies are likely to allow for an increased adoption of customized wellness and nutrition programs in the next few years. Companies operating in the market are likely to adopt advanced technologies and machine learning solutions to better understand the nutrition needs of their target consumers. Vast advancements in methods used for collecting and processing patient data are also being utilized to develop personalized nutritional and wellness programs.

The population of obese and overweight people is soaring globally and the situation has necessitated the development of reliable weight-loss methods and routines. As consumer demand for such routines or services rises, players operating in the global personalized retail nutrition and wellness will be provided with a newer set of growth opportunities. The trend is also expected to leverage growth opportunities for companies in the field of functional foods. Demand for dietary supplements is also expected to rise as young consumers become more aware of the need for proper nutrition to ensure a healthy lifestyle.

Personalized Retail Nutrition and Wellness Market: Regional Analysis

From a geographical standpoint, the report covers the global personal retail nutrition and wellness market in regions such as North America, Asia Pacific, Latin America, Europe, and Middle East and Africa. Of these, the markets in Europe and North America are currently the leading contributors of revenue to the global market owing to the presence of several manufacturers of nutrition and wellness products in these regions, high disposable incomes, and high expenditure on healthcare and wellness. The easy availability of new varieties of products owing to the presence of local manufacturing facilities and well-established R&D facilities pertaining to the personalized nutrition sector also contribute to the high share of these regions in the global personal retail nutrition and wellness market.

In the near future, while these regional markets will continue to hold substantial shares in the global market, the markets in regions with emerging economies such as Asia Pacific will lead to a promising rise in growth opportunities. This will be made possible by the vast rise in disposable incomes, increased awareness regarding healthcare, nutrition, and wellness among young people, and evolving healthcare infrastructures.

Personalized Retail Nutrition and Wellness Market: Competitive Dynamics

As companies realize the vast set of opportunities in the sector, new varieties of and more exhaustive services are being launched and several new vendors have forayed into the development of products and solutions associated with personalized nutrition. Some of the leading companies in the global personalized retail nutrition and wellness market are GlaxoSmithKline plc., Pfizer, Inc. GlaxoSmithKline plc., Bayer AG, Allergy Amulet, DNANudge, STYR labs, Food Marble, and Habit Food Personalized, LLC. In the near future, more new companies are likely to foray into the personalized retail nutrition and wellness market to target the rising set of new consumers in emerging economies as the consumer becomes increasingly health conscious and spends increased funds on nutrition and wellness products and services.

The reports at TMR Research provide qualitative solutions that break the barriers of doubt or uncertainties when the stakeholders plan to expand their growth reach. The researchers compile the necessary information that enlightens the CXOs about the current growth opportunities in a specific market and enables them to make the most of the opportunities.

TMR Research is a leader in developing well-researched reports. The expertise of the researchers at TMR Research makes the report stand out from others. TMR Research reports help the stakeholders and CXOs make impactful decisions through a unique blend of innovation and analytical thinking. The use of innovation and analytical thinking while structuring a report assures complete and ideal information of the current status of the market to the stakeholders.

TMR Research has rich experience in developing state-of-the-art reports for a wide array of markets and sectors. The brilliance of the experts at TMR Research and their alacrity to conduct thorough research and create phenomenal reports makes TMR Research better than others.

5-Point Growth Formula

The 5-point growth formula developed by TMR Research provides an insight to the stakeholders and CXOs about the current situation in the market. The growth formula makes the report a perfect companion for the stakeholders and CXOs.

The 5-point growth formula includes the following points:

  • Current and Future Threats
  • Accurate Trend Analysis
  • Regional Assessment
  • Industrial Analogy
  • COVID-19 Impact

Current and Future Threats

Along with studying the opportunities necessary for growth, threats are also an important aspect to look upon for the companies and stakeholders in a specific sector. TMR Research studies every negative aspect that will hinder the growth of a specific area of business and includes it in the report. The stakeholders and CXOs will have the benefit of assessing the threat and take the necessary steps to prevent the hindrance caused due to the threats.

Accurate Trend Analysis

Keeping up with the latest trends is crucial in any business or sector. While stakeholders are aware of the trends that are on the surface, TMR Researchers find trends that are deeply entrenched in the particular market or sector. The reports are constantly updated with the latest trends so that the stakeholders and CXOs can derive benefits from the trends and generate good revenues.

Regional Assessment

Demography forms an important part of the growth pattern of all the markets. Diving deep into the demographics enables maximum output from specific areas. The TMR Research team assesses every region and picks out the vital points that have a large impact on the growth of a market.

Industrial Analogy

The analysts at TMR Research conduct an all-round analysis on the competitive landscape of the market. The observations recorded by the analysts are added to the reports so that every stakeholder gets a glimpse of the competitive scenario and frame their business plans according to the situation.

COVID-19 Impact

The COVID-19 outbreak has changed the growth projections of numerous sectors and businesses. The analysts at TMR Research have conducted a conscientious survey on the markets after the pandemic struck. The analysts have put forth their brilliant and well-researched opinions in the report. The opinions will help the stakeholders to plan their strategy accordingly.

The reports offer answers to the top 7 questions that revolve around the growth of the market

  • What are the diverse growth parameters influencing the market?
  • Which regions will contribute largely to the growth of the market
  • What are the recent innovations and technological advancements in the market?
  • What are the emerging trends across the market?
  • How has COVID-19 affected the market?
  • What will be the post-pandemic scenario of the market?
  • What are the major threats that will dent the growth prospects of the market?