Global Personalized Dietary Supplements Market, By Type (Vitamins, Minerals, Botanicals, Amino Acids, Enzymes, Probiotics), Function (Additional, Medicinal, Sports Nutrition), Dosage Forms (Tablets, Capsule, Powders, Liquids, Others), Application (Additional Supplements, Medicinal Supplements, Sports Nutrition, Lifestyle Diseases, Inherited Diseases, Others), End-Use (Hospitals, Clinics, Home Care, Wellness and Fitness Centers, Ambulatory Care, Others) Country (U.S., Canada, Mexico, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Rest of South America, U.A.E, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa) Industry Trends and Forecast to 2027.
The personalized dietary supplements market is expected to reach USD 8.63 billion by 2027 growing at a growth rate of 7.90% in the forecast period 2020 to 2027. Rise in the shift in consumer preferences due to the rising health awareness is the vital factor that drives the personalized dietary supplements market in the forecast period of 2020- 2027.
Dietary supplement is defined as a manufactured product intended to supplement one's diet by taking a pill, capsule, tablet, powder or liquid. Personalized nutrition primarily focuses on providing better health using genetic, phenotypic, medical, nutritional among others, personalized nutrition basically uses information on individual characteristics to achieve the targeted nutritional advice, services or products to guide or assist people with the best source of information for their better health.
Increased number of lifestyle disorder diseases is the vital factor driving the growth of personalized nutrition market, also increased number of malnutrition patients and problems such as poor health, rise in the growth in the trend of digital healthcare, rise in the health consciousness among the consumers and rise in the popularity of the supplements available in the market are the major factors driving the personalized dietary supplements market swiftly. Moreover, rise in the innovations and advancements in technologies, rise in the collaborations and strategic partnerships and rise in the research and development activities in the market will further create new opportunities for personalized dietary supplements market in the forecast period of 2020- 2027.
However, rise in the cost of dietary supplements and nutrition plans, increase in the R&D investments and high cost of clinical trials will act as restraints, while consumer skepticism associated with nutraceutical product and regulatory influence will further challenge the personalized dietary supplements market in the forecasted period.
The personalized dietary supplements market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the personalized dietary supplements market contact Data bridge market research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
The personalized dietary supplements market is segmented on the basis of type, function, dosage forms, application, and end-use. The growth among various segments helps in the better analyzation of growth and strategies for better vision of market.
- On the basis of type, the personalized dietary supplements market is segmented into vitamins, minerals, botanicals, amino acids, enzymes and probiotics.
- Based on function, the personalized dietary supplements market is segmented into additional, medicinal and sports nutrition.
- Based on dosage forms, the personalized dietary supplements market is segmented into tablets, capsule, powders, liquids and others.
- Based on application, the personalized dietary supplements market is segmented into additional supplements, medicinal supplements, sports nutrition, lifestyle diseases, inherited diseases and others.
- The personalized dietary supplements market is also segmented on the basis of end-use into hospitals, clinics, home care, wellness and fitness centers, ambulatory care and others.
Personalized Dietary Supplements Market Country Level Analysis
The personalized dietary supplements market size, volume information is provided by country by type, function, dosage forms, application, and end-use as referenced above.
The countries covered in personalized dietary supplements market report are U.S., Canada, Mexico in North America, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Brazil, Argentina, Rest of South America as a part of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa(MEA) as a part of Middle East and Africa (MEA).
North America dominates personalized dietary supplements market due to the factors such as rising awareness regarding their health and also people in this region is suffering from obesity which also helps in the growth of personalized nutrition market in this region. Asia-Pacific is the expected region in terms of growth in personalized dietary supplements market due to rise in the expenditure on health-enhancing products, growing per capita income and increasing awareness about dietary supplements in this region.
The country section of the personalized dietary supplements market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Personalized Dietary Supplements Market Share Analysis
The personalized dietary supplements market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to personalized dietary supplements market.
The major players covered in the personalized dietary supplements market report are DSM, ADM, Bayer AG, Nature's Sunshine Products, Inc., Abbott, Amway India Enterprises Pvt. Ltd, Herbalife International of America, Inc, Glanbia PLC, Sonika Life Sciences Ltd, Vibdrugs Biosciences, Vee Excel Drugs And Pharmaceuticals Private Limited, Atulya Medilink Private Limited, Krishlar Pharmaceuticals., Wellmed Pharma, Zenacts Pharma Private Limited and Bionova among other domestic and global players. Market share data is available for Global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analyst understands competitive strengths and provides competitive analysis for each competitor separately.
Customization Available : Global Personalized Dietary Supplements Market
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