The personalized retail nutrition and wellness global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Personalized Retail Nutrition And Wellness Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The personalized retail nutrition and wellness market size has grown rapidly in recent years. It will grow from $3.50 billion in 2023 to $4.15 billion in 2024 at a compound annual growth rate (CAGR) of 18.3%. The growth in the historic period can be attributed to a rise in chronic diseases, advances in nutritional science, educational campaigns and awareness programs, a rise in health and wellness consciousness, and a focus on individualized healthcare
The personalized retail nutrition and wellness market size is expected to see rapid growth in the next few years. It will grow to $8.19 billion in 2028 at a compound annual growth rate (CAGR) of 18.6%. The growth in the forecast period can be attributed to the expansion of e-commerce and retail channels, growing demand for functional foods and supplements, expansion of digital health platforms, customized nutritional supplements, and expansion of personalized meal delivery services. Major trends in the forecast period include the integration of data science and AI, growth in functional foods and protein supplements, integration of biosensors and wearables, innovative solutions, and expansion of digital health platforms.
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Scope Of Personalized Retail Nutrition And Wellness Market
The Business Research Company’s reports encompass a wide range of information, including:
Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
Drivers: Examination of the key factors propelling market growth.
Trends: Identification of emerging trends and patterns shaping the market landscape.
Key Segments: Breakdown of the market into its primary segments and their respective performance.
Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
Macro Economic Factors: Assessment of broader economic elements impacting the market.
Personalized Retail Nutrition And Wellness Market Overview
Market Drivers –
The increasing adoption of a healthier lifestyle is expected to propel the growth of the personalized retail nutrition and wellness market going forward. A healthier lifestyle refers to a way of life that encompasses behaviors promoting well-being, reducing disease prevalence, and increasing life expectancy. The increasing adoption of a healthier lifestyle is being driven by growing consumer awareness about the importance of nutrition, wellness, and preventive healthcare and the need to make conscious choices to improve their overall well-being. Personalized retail nutrition plays a significant role in promoting the adoption of a healthy lifestyle by providing customized dietary recommendations based on individual health goals, preferences, and nutritional needs. For instance, in May 2022, according to online survey findings of 1,005 Americans aged 18 to 80 published by the International Food Information Council, a US-based professional non-profit organization, 52% of Americans reported following a diet or specific eating pattern in the past year, marking a notable increase from 39% in 2021. Therefore, the increasing adoption of a healthier lifestyle is driving the growth of the personalized retail nutrition and wellness market.
Market Trends –
Major companies operating in the personalized retail nutrition and wellness market are focusing on developing advanced technological solutions, such as digital platforms leveraging new insights tools, to deliver highly customized dietary recommendations, improve user engagement, and enhance health outcomes through data-driven strategies. A digital platform refers to online platforms, apps, or tools offering tailored guidance, data analysis, and support for individuals’ health goals and dietary needs. For instance, in August 2023, Albertsons Companies, Inc., a US-based grocery store company, launched the latest digital enhancement to its Sincerely Health platform, a nutrition insights tool that measures grocery purchases based on the serving recommendations of the USDA’s MyPlate guidance. The platform allows users to set nutrition goals, earn healthy points and rewards, and access comprehensive wellness management features, all conveniently accessible through 16 grocery apps and websites. The USDA’s MyPlate program gives recommendations for consuming the five food groups that comprise a healthy dietary pattern, including fruit, vegetables, grains, protein sources, and dairy or fortified soy substitutes, as well as healthy eating in general. By linking a customer’s loyalty account to their Sincerely Health profile, the nutrition insights tool may evaluate recent and future grocery purchases and automatically compute how many of their food items satisfy MyPlate dietary guidelines.
The personalized retail nutrition and wellness market covered in this report is segmented –
1) By Product Type: Dietary Supplements, Functional Foods, Functional Beverages
2) By Application: Male, Female, Children
3) By End-User: Hospitals And Clinics, Wellness And Fitness Centers
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Regional Insights –
North America was the largest region in the personalized retail nutrition and wellness market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the personalized retail nutrition and wellness market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Key Companies –
Major companies operating in the personalized retail nutrition and wellness market are Archer Daniels Midland Company, Danone S.A., General Mills Inc., Cargill Incorporated, Herbalife International of America Inc., Isagenix International LLC, The Bountiful Company, Nestlé Health Science, The Hain Celestial Group Inc., Innophos Holdings Inc., Noom Inc., Thorne Research Inc., Vida Health Inc., Foodsmart, Bayer AG, Matsun Nutrition LLC, RedBrick Health Corporation, Nature’s Bounty Inc., Viome Life Sciences Inc., DayTwo Inc., Glucovation Inc., Savor Health Inc., DNAfit, Consumer Physics Inc., Tellspec Inc.
Table of Contents
Executive Summary
Personalized Retail Nutrition And Wellness Market Report Structure
Personalized Retail Nutrition And Wellness Market Trends And Strategies
Personalized Retail Nutrition And Wellness Market – Macro Economic Scenario
Personalized Retail Nutrition And Wellness Market Size And Growth
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Personalized Retail Nutrition And Wellness Market Competitor Landscape And Company Profiles
Key Mergers And Acquisitions
Future Outlook and Potential Analysis
Appendix
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