Nutrigenomics market information, by products (reagents & kits, services), by techniques (saliva, buccal swab, blood, others), by applications (obesity, diabetes, anti-aging, chronic diseases) - Global forecast till 2023
Pune, India -- (SBWIRE) -- 03/14/2018 -- Nutrigenomics is the investigation of association of nourishment and qualities. It is utilized to analyze the correct component of various metabolic sicknesses, for example, diabetes and corpulence. Maturing of the phones happen due to collection of free radicals framed because of uncalled for eating regimen and absence of sustenance to the phones.
The Global Nutrigenomics Market was around USD 4,860.2 million in 2016 and is expected to reach USD 17,313.5 million by 2023 which is a projected CAGR of 16.8%
Next to this, contamination, stretch, nourishment, and so forth are likewise in charge of causing maturing of the phones. Nutrigenomics has discovered its application in the field of dermatology. Nutrigenomics has made it conceivable to recognize the particular causes that outcome in skin maturing and in this manner by taking suitable preventive measures, the beginning of maturing and the arrangement of wrinkles can be postponed. Nutrigenomics are utilized as a part of the analysis of various demonstrative metabolic illnesses. Sicknesses like diabetes, corpulence, and numerous other hereditary maladies can be analyzed by this strategy. Diabetes and weight is one of the significant issues over the globe.
The Worldwide Nutrigenomics Market is developing at an extremely sensible pace. Consistent research in the field of nutrigenomics has presented new and better techniques for conclusion and treatment of these sicknesses that has bolstered the development of the market. As indicated by a current report distributed by the Market Research Future, The worldwide nutrigenomics market is blasting and anticipated that would pick up noticeable quality over the estimate time frame developing quickly. The market is determined to show an awesome development by 2023, outperforming its past development records as far as incentive with a striking CAGR amid the expected period (2017 – 2023).
The market is required to develop with similar patterns amid the estimate time frame. The main considerations contributing for the development of the market are rising diabetic and corpulent populace, expanding applications in dermatology, and expanding interest for the progressed symptomatic techniques.
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Some of the major players in this market 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).
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.
Obesity segment accounts for the largest market share in the global nutrigenomics market while diabetes segment is projected to grow at a CAGR of 17.1% during the forecast period from 2017 – 2023.
Reagents and kits segment accounts for the largest market share in the global nutrigenomics market by products, this segment is expected to reach USD 10,138.7 in 2023
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Americas market is expected to reach USD 6,316.4 by 2023
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