The Digitalized DNA Based Diet Market Size is valued at 463.97 Million in 2023 and is predicted to reach 1865.43 Million by the year 2031 at a 19.39 % CAGR during the forecast period for 2024-2031.
Key Industry Insights & Findings from the Report:
- Increasing health consciousness, rapid behavioral and dietary shifts, and the prevalence of chronic diseases are all driving growth in the digitalized DNA-based diet industry.
- Increasing numbers of people suffering from obesity-related conditions, such as hypertension, diabetes, cancer, cholesterol, and heart disease, are driving the market's revenue growth.
- North America dominated the market and accounted for a revenue share of global revenue in 2023.
- Diet programs and supplements are known to be expensive, which is likely to slow the market's revenue growth.
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.
Recent Developments:
- In January 2024, GX Sciences and GetHairMD joined forces; GetHairMD treats hair loss, and GX Sciences provides genetic testing. Patients can access GX Sciences' specialized pretreatment oral swab genetic test through GetHairMD, per the agreement.
- In November 2023, Viome Life Sciences is a mission-driven company that gives people the tools they need to improve their health. They have recently developed the Full Body IntelligenceTM exam based on microbiome research and holistic health.
- In January 2024, DSM Biomedical, a division of DSM-Firmenich, joined the ICMS Industrial Consortium to explore breakthroughs in line with their global objective of addressing healthcare needs worldwide through sustainable science. This collaboration allows DSM Biomedical to expand its in-house research capabilities while fostering a stronger bond between science and business.
Competitive Landscape
Some Major Key Players In The Digitalized DNA Based Diet Market:
- 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,
- DNAfit .
Digitalized DNA Based Diet Market Report Scope
|
Report Attribute |
Specifications |
|
Market Size Value In 2023 |
USD 463.97 Million |
|
Revenue Forecast In 2031 |
USD 1865.43 Million |
|
Growth Rate CAGR |
CAGR of 19.39 % from 2024 to 2031 |
|
Quantitative Units |
Representation of revenue in US$ Million and CAGR from 2024 to 2031 |
|
Historic Year |
2019 to 2023 |
|
Forecast Year |
2024-2031 |
|
Report Coverage |
The forecast of revenue, the position of the company, the competitive market structure, growth prospects, and trends |
|
Segments Covered |
Product, Application, End-Use |
|
Regional Scope |
North America; Europe; Asia Pacific; Latin America; Middle East & Africa |
|
Country Scope |
U.S.; Canada; U.K.; Germany; China; India; Japan; Brazil; Mexico ;The UK; France; Italy; Spain; China; Japan; India; South Korea; South East Asia; South Korea; South East Asia |
|
Competitive Landscape |
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 . |
|
Customization Scope |
Free customization report with the procurement of the report, Modifications to the regional and segment scope. Particular Geographic competitive landscape. |
|
Pricing And Available Payment Methods |
Explore pricing alternatives that are customized to your particular study requirements. |
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