World Nutrigenomics Market CAGR 16.8% Growth Rate Forecasts by 2023

By , in PR PR Health on .

Pune, India — 11/17/2017 — The World Nutrigenomics Market is developing at a colossal pace. The market is required to develop at the CAGR of 16.8% amid the conjecture time frame and is assessed to achieve USD 17,313.5 million by 2023. Nutrigenomics is the investigation of communication of supplement and qualities. It ponders the impact of sustenance and their constituents on the qualities.

The Global Nutrigenomics Market report give bits of knowledge about elements influencing the market development and examinations the market structure alongside estimate for the following 7 years of the different fragments and sub-sections of the Nutrigenomics showcase.

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Nutrigenomics Market Segments: Global nutrigenomics market has been segmented on the basis of products, techniques and application. On the basis of products, the market is categorized into reagents & kits, services. On the basis of techniques, the market is segmented into saliva, buccal swab, blood, others. On the basis of application the market is segmented into obesity, diabetes, anti-aging, chronic diseases.

Nutrigenomics Market Key Players are:

WellGen Inc. (US),
Metagenics, Inc (US),
Genomix Nutrition, Inc. (US),
Nutrigenomix (US),
NutraGene (India),
XCODE Life Sciences Pvt. Ltd. (India),
Cura Integrative Medicine (Australia).

Nutrigenomics Market Regional Analysis: Considering the global scenario of the market, America dominates the global nutrigenomics market owing to the presence of huge population suffering from diabetes and obesity. North America holds the largest market share in America nutrigenomics market. According to the Centers for Disease Control and Prevention (2015), in America approximately 9.3% of the total America population is suffering from diabetes. Europe has the second largest market for the nutrigenomics which is followed by Asia Pacific. Presence of well-developed healthcare sector and high healthcare expenditure, the nutrigenomics market in Europe is growing at a CAGR of 17%. Asia Pacific is also witnessing a rapid growth in this market which is mainly due to rapidly increasing awareness of treatments, presence of huge diabetic and obese population and rising healthcare expenditure. Asia Pacific nutrigenomics market is expected to grow at a CAGR of 17.1% during the forecasted period. The Middle East & Africa is expected to have limited growth. Middle East is dominating this market by holding 64.3% of the Middle East & Africa market share.

According to the International Diabetes Federation (2016), 420 million adults were suffering from diabetes which is expected to reach 625 million by 2040. Further, as per the World Health Organization (2014), more than 600 million adults were obese and 1.9 billion adults, were overweight. Moreover, increasing healthcare expenditure, and government support for research & development has fueled the market growth. However, high cost of treatment and need of well qualified physicians may restrain the growth of market.

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Major TOC Nutrigenomics Market:
1 Report Prologue
2 Introduction

2.1 Scope of Study

2.2 Research Objective

2.3 Assumptions & Limitations

2.3.1 Assumptions

2.3.2 Limitations

2.4 Market Structure
3 Research Methodology

3.1 Market Size Estimation

3.1.1 Market Share analysis

3.2 Market Pricing Approach
4 Market Dynamics

4.1 Drivers

4.1.1 Increased applications in dermatology

4.1.2 Increased applications in diagnosis of metabolic and genetic diseases

4.1.3 Increased application in food and beverages

4.1.4 Increased use in the diagnosis of bone diseases caused by Vitamin D metabolism

4.2 Restraints

4.2.1 High cost and time-consuming process

4.2.2 Need of well qualified physicians

4.2.3 Strict ethical implication

4.3 Opportunitie

4.3.1 Opportunities in the biomedical sciences

4.4 Threats

4.4.1 Misconception toward Nutrigenomics

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Brad Bennett

Brad Bennett

Brad grew up in a small town in northern Iowa. He studied chemistry in college, graduated, and married his wife one month later. They were then blessed with two baby boys within the first four years of marriage. Having babies gave their family a desire to return to the old paths – to nourish their family with traditional, homegrown foods; rid their home of toxic chemicals and petroleum products; and give their boys a chance to know a simple, sustainable way of life. They are currently building a homestead from scratch on two little acres in central Texas. There’s a lot to be done to become somewhat self-sufficient, but they are debt-free and get to spend their days living this simple, good life together with their five young children.
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