The Asia-Pacific personalized nutrition market is anticipated to grow at a CAGR of 13.2% during the forecast period (2021-2027). The entrance of major market players of personalized nutrition in Asia-Pacific to expand their access to the huge population base of the emerging economies of the region is driving the growth of Asia-Pacific personalized nutrition market. The Asia-Pacific personalized nutrition market is anticipated to grow at a CAGR of 13.2% during the forecast period (2021-2027). The entrance of major market players of personalized nutrition in Asia-Pacific to expand their access to the huge population base of the emerging economies of the region is driving the growth of Asia-Pacific personalized nutrition market. Emerging economies of the region are key focus countries for players’ entering into Asia-Pacific personalized nutrition market. Nestle SA has launched its customisable “superfood” drink product in China via e-commerce platform Tmall. To expand this product’s reach across the region, the company has started conducting consumer testing for this product in May 2020.
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In March 2019, ONI Global, a major nutraceutical retailer and GNC sole franchisee in Singapore, Malaysia, Taiwan and the Philippines entered into partnership with Singapore-based personalised genetics company Imagene Labs. Through this partnership this nutrition supplements brand will be capable of providing customised and targeted wellness products according to a customer’s individual DNA variations. The adoption of different market growth strategies such as product launch, geographical expansion, and partnership by the key players operating in the market is anticipated to drive the growth of Asia-Pacific personalized nutrition market.
Market Coverage
· The market number available for – 2020-2027
· Base year- 2020
· Forecast period- 2021-2027
Segment Covered-
· By Product Type
· By Application
· By End-User
Regions Covered-
· North America
· Europe
· Asia-Pacific
· Rest of the World
Competitive Landscape- Amway Corp., Atlas Biomed Group Ltd., Balchem Corp., BASF SE, Herbalife Nutrition Ltd.
Key questions addressed by the report
· What is the market growth rate?
· Which segment and region dominate the market in the base year?
· Which segment and region will project the fastest growth in the market?
· How COVID-19 impacted the market?
o Deviation from the pre-COVID-19 forecast
o Most affected region and segment
· Who is the leader in the market?
· How players are addressing challenges to sustain growth?
· Where is the investment opportunity?
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A full Report of Asia-Pacific Personalized Nutrition Market is Available at: https://www.omrglobal.com/industry-reports/asia-pacific-personalized-nutrition-market
Global Personalized Nutrition Market Report Segment
By Product Type
· Dietary Supplements & Nutraceuticals
· Functional Foods & Beverages
· Sports Nutrigenomics
· Digitized DNA
By Application
· Standard Supplement
· Diseased Based
· Other (Sports Nutrition)
By End-User
· Direct-to-consumer
· Wellness & Fitness Centers
· Others
(This release has been published on OMR Industry Journal. OMR Industry Journal is not responsible for any content included in this release.)
