How Will the Personalized Retail Nutrition And Wellness Market Grow? Key Trends and Opportunities for 2025 and Beyond
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How has the personalized retail nutrition and wellness market grown in recent years?
The market size for retail nutrition and wellness tailored to personal needs has seen quick expansion in recent years. It is projected to surge from $4.15 billion in 2024 to $4.93 billion in 2025, offering a compound annual growth rate (CAGR) of 18.8%. This significant growth during the historical period can be ascribed to an increase in chronic illnesses, advancements in the field of nutritional science, the impact of educational campaigns and awareness programs, surging health and wellness awareness, and an emphasis on personalized healthcare.
How is the personalized retail nutrition and wellness market size expected to evolve during the forecast period?
Anticipated to see a quick expansion in the coming years, the personalized retail nutrition and wellness industry is projected to augment to $9.71 billion by 2029, indicating a compound annual growth rate (CAGR) of 18.5%. Factors fueling the predicted growth during the forecast period include an upsurge in e-commerce and retail channels, heightened demand for functional foods and supplements, the proliferation of digital health platforms, customized nutritional supplements, and growing personalized meal delivery services. Key trends expected during the forecast period encompass the merger of data science and AI, increased demand for functional foods and protein supplements, incorporation of biosensors and wearables, innovative solutions, and the development of digital health platforms.
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Which key drivers are propelling the personalized retail nutrition and wellness market’s growth?
The rise in a healthier way of living is anticipated to boost the personalized retail nutrition and wellness market’s expansion in the future. A healthier lifestyle entails conduct that enhances well-being, decreases the prevalence of diseases, and extends life expectancy. The growing recognition of the significance of nutrition, wellness, and preventative healthcare among consumers, as well as the necessity to make thoughtful decisions to enhance their overall health, are fueling this trend. Personalized retail nutrition plays a crucial part in promoting a healthier lifestyle by offering tailored dietary advice based on individual health objectives, preferences, and nutritional requirements. For example, the Good Food Institute, a non-profit organization in the US, reported in April 2023 that global retail sales of plant-based meat and seafood totaled $6.1 billion in 2022, representing an 8% revenue growth and a 5% increase in weight. As a result, the growing adoption of a healthier lifestyle is propelling the personalized retail nutrition and wellness market’s expansion.
What are the market segments in the personalized retail nutrition and wellness industry?
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
Subsegments:
1) By Dietary Supplements: Vitamins And Minerals, Proteins And Amino Acids, Herbal And Botanical Supplements, Omega Fatty Acids, Probiotics AndPrebiotics, Weight Management Supplements, Sports Nutrition Supplements, Others (Joint Health, Immune Support)
2) By Functional Foods: Fortified Dairy Products (Fortified Milk, Yogurt), Functional Snacks ( Protein Bars, Nutrient-Dense Snacks), Cereals And Grains, Functional Breads, Fortified Bakery Products, Functional Meat Products, Functional Fats And Oils, Others ( Ready-To-Eat Meals With Added Nutrients)
3) By Functional Beverages: Nutrient-Enriched Water ( Vitamin Water), Functional Juices (Detox Juices, Immune-Boosting Drinks), Protein Beverages, Sports And Energy Drinks, Tea And Coffee ( Infused With Functional Ingredients Like Adaptogens), Functional Soft Drinks, Alcoholic Functional Beverages ( Low-Sugar, Fortified Alcohol), Others ( Kombucha, Kefir)
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Which leading companies are shaping the growth of the personalized retail nutrition and wellness market?
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.
What emerging trends are influencing the growth of the personalized retail nutrition and wellness market?
Leading corporations in the personalized retail nutrition and wellness industry are centering their efforts on creating advanced technological solutions, such as online platforms that utilize new metrics to provide highly tailored dietary advice. These platforms improve user interaction and health results with a data-driven approach. A digital platform typically refers to online tools or apps that offer personalized assistance, data interpretation, and support for individuals’ health objectives and dietary requirements. For example, Albertsons Companies, Inc., an American grocery store corporation, rolled out a new digital component to its Sincerely Health platform in August 2023 – a nutrition insights tool. This measures grocery purchases in accordance with the USDA’s MyPlate guidance serving recommendations. The platform gives users the ability to establish nutrition targets, accrue healthy points and rewards, and make use of a comprehensive wellness management suite, all of which can be conveniently accessed through 16 grocery apps and websites. The USDA’s MyPlate program offers tips for consuming five primary food groups that form a balanced diet: fruit, vegetables, grains, protein sources, and dairy or fortified soy substitutes, along with general healthy eating advice. By integrating a customer’s loyalty account with their Sincerely Health profile, the nutrition insights tool is capable of assessing both recent and upcoming grocery purchases and automatically determining how many of these purchases meet the MyPlate dietary guidelines.
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Which geographic areas are influencing the growth of the personalized retail nutrition and wellness market?
North America was the largest region in the personalized retail nutrition and wellness market in 2024. 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.
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