The market size of the global digitalized DNA based diet market in the year 2021 is valued at 348.07 million and is predicted to reach 1533.82 million by the year 2030 at an 18.27% CAGR during the forecast period.
The emphasis has shifted from treating chronic illnesses, including obesity, diabetes, and cardiovascular conditions to their prevention. As a result, there is no more need for preventive measures like DNA-based diets, which can guide people in choosing their food and lifestyle. The primary elements propelling the expansion of the digitalized DNA-based diet market are rising chronic illness rates, quickly shifting lifestyles and eating patterns, and growing health consciousness. Additionally, as people use their mobile phones and other digital gadgets more frequently, they are becoming more conscious of their fitness and health. There is a greater need for DNA testing that may be used to determine an individual's ideal diet based on genetic composition. However, challenges such as the high price of digitalized DNA-based diets, the accessibility, and the COVID-19 epidemic may restrain market expansion over the projection period. During the forecast period, firms operating in the global digitalized DNA-based diet market can anticipate benefiting from profitable sales growth prospects through rising R&D efforts, public programs, and collaborations with well-known players.
Market Segmentation:
The digitalized DNA-based diet market is segmented based on product, application, and end user. Based on product, the digitalized DNA-based diet market is segmented as solutions and services. By application, the market is segmented into lab-based devices, health monitoring devices, and others. By, end user, the market is segmented as wellness & fitness centres, hospitals & clinics, sports consumers, and others.
Based on product, the service segment is accounted as a major contributor in the digitalized DNA-based diet market.
The service category is expected to hold a significant share in the global digitalized DNA-based diet market due to the rising demand for genetic screening tests and customized eating plans. Additionally, the expansion of this market sector is anticipated to be aided by the rise in public awareness of the value of keeping a healthy attitude.
The Health Monstering Device segment witnessed growth at a rapid rate.
The health monitoring devices segment is projected to grow rapidly in the digitalized DNA-based diet market because of the ongoing development of digital health monitoring systems. The need for digitalized DNA diets is also fueled by the rise in the knowledge of early identification of lifestyle disorders, including diabetes, heart disease, and obesity. Federal programs encouraging people to engage in fitness and good eating significantly impact this market's expansion.
In the region, North America digitalized DNA-based diet market holds the biggest significant revenue share.
North America will hold the most significant market share over the upcoming years. Increased health and wellness consciousness, rising disposable incomes, and a boost in the number of health-conscious customers are all factors in the region's rise. Additionally, the area has many untapped populations and economic growth prospects.
The Asia Pacific is expected to hold the highest growth in the digitalized DNA-based diet market during the forecast period. The high rate of obesity and medical comorbidities in this area and the emerging understanding of the value of a DNA-based diet in preventing these diseases can be ascribed to the huge share of this region.
Competitive Landscape
The opportunity for the global market to grow is further provided by the presence of important industry participants and the growing cooperation among major players for market penetration in the region. The big players in the digitalized DNA-based diet industry have focused their efforts for product manufacturing and are launching important strategies like mergers and acquisitions, purchases, and partnerships with significant and national players to improve their product portfolio and strengthen their market position globally. Some of the major key players in the digitalized DNA based diet market are GX Sciences, LLC, Advanced Genomic Solutions (AFS) LLC, OME Health, Fit genes, Health Codes DNA, LLC, MApmygenorme, DSM, Viome Life Sciences, Inc., Habit LLC, DNANUTRICOACH, and DNAfit .
By Application Model
