Global Digitalized DNA Based Diet Market

Report ID : 1397 | Published : 2022-10-11 | Pages: | Format: PDF/EXCEL

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 .

Chapter 1. Methodology and Scope

1.1. Research Methodology

1.2. Research Scope & Assumptions

Chapter 2. Executive Summary

Chapter 3. Global Digitalized DNA-based Diet Market Snapshot

Chapter 4. Global Digitalized DNA-based Diet Market Variables, Trends & Scope

4.1. Market Segmentation & Scope

4.2. Drivers

4.3. Challenges

4.4. Trends

4.5. Investment and Funding Analysis

4.6. Industry Analysis – Porter’s Five Forces Analysis

4.7. Competitive Landscape & Market Share Analysis

4.8. Impact of Covid-19 Analysis

Chapter 5. Market Segmentation 1: by Product Type Estimates & Trend Analysis

5.1. by Product Type & Market Share, 2019 & 2030

5.2. Market Size (Value (US$ Mn)) & Forecasts and Trend Analyses, 2019 to 2030 for the following by Product Type:

5.2.1. Solution

5.2.2. Services

Chapter 6. Market Segmentation 2: by Application Model Estimates & Trend Analysis

6.1. by Application Model & Market Share, 2019 & 2030

6.2. Market Size (Value (US$ Mn)) & Forecasts and Trend Analyses, 2019 to 2030 for the following by Application Model:

6.2.1. Lab-based devices

6.2.2. Health monitoring devices

6.2.3. Others

Chapter 7. Market Segmentation 3: by End-user Estimates & Trend Analysis

7.1. by End-user & Market Share, 2019 & 2030

7.2. Market Size (Value (US$ Mn)) & Forecasts and Trend Analyses, 2019 to 2030 for the following by End-user:

7.2.1. Wellness & fitness centers

7.2.2. Hospitals & clinics

7.2.3. Sports

7.2.4. Consumers

7.2.5. Others

Chapter 8. Digitalized DNA-based Diet Market Segmentation 4: Regional Estimates & Trend Analysis

8.1. North America

8.1.1. North America Digitalized DNA-based Diet Market Revenue (US$ Million) Estimates and Forecasts by Product Type, 2022-2030

8.1.2. North America Digitalized DNA-based Diet Market Revenue (US$ Million) Estimates and Forecasts by Application Model, 2022-2030

8.1.3. North America Digitalized DNA-based Diet Market revenue (US$ Million) by End-user, 2022-2030

8.1.4. North America Digitalized DNA-based Diet Market Revenue (US$ Million) Estimates and Forecasts by country, 2022-2030

8.2. Europe

8.2.1. Europe Digitalized DNA-based Diet Market revenue (US$ Million) by Product Type, 2022-2030

8.2.2. Europe Digitalized DNA-based Diet Market revenue (US$ Million) by Application Model, 2022-2030

8.2.3. Europe Digitalized DNA-based Diet Market revenue (US$ Million) by End-user, 2022-2030

8.2.4. Europe Digitalized DNA-based Diet Market revenue (US$ Million) by country, 2022-2030

8.3. Asia Pacific

8.3.1. Asia Pacific Digitalized DNA-based Diet Market revenue (US$ Million) by Product Type, 2022-2030

8.3.2. Asia Pacific Digitalized DNA-based Diet Market revenue (US$ Million) by Application Model, 2022-2030

8.3.3. Asia-Pacific Digitalized DNA-based Diet Market revenue (US$ Million) by End-user, 2022-2030

8.3.4. Asia Pacific Digitalized DNA-based Diet Market revenue (US$ Million) by country, 2022-2030

8.4. Latin America

8.4.1. Latin America Digitalized DNA-based Diet Market revenue (US$ Million) by Product Type, 2022-2030

8.4.2. Latin America Digitalized DNA-based Diet Market revenue (US$ Million) by Application Model, 2022-2030

8.4.3. Latin America Digitalized DNA-based Diet Market revenue (US$ Million) by End-user, 2022-2030

8.4.4. Latin America Digitalized DNA-based Diet Market revenue (US$ Million) by country, 2022-2030

8.5. Middle East & Africa

8.5.1. Middle East & Africa Digitalized DNA-based Diet Market revenue (US$ Million) by Product Type, 2022-2030

8.5.2. Middle East & Africa Digitalized DNA-based Diet Market revenue (US$ Million) by Application Model, 2022-2030

8.5.3. Middle East & Africa Digitalized DNA-based Diet Market revenue (US$ Million) by End-user, 2022-2030

8.5.4. Middle East & Africa Digitalized DNA-based Diet Market revenue (US$ Million) by country, 2022-2030

Chapter 9. Competitive Landscape

9.1. Major Mergers and Acquisitions/Strategic Alliances

9.2. Company Profiles

9.2.1. GX Sciences, LLC

9.2.2. Advanced Genomic Solutions (AFS) LLC

9.2.3. OME Health

9.2.4. Fit genes

9.2.5. Health Codes DNA

9.2.6. MApmygenorme

9.2.7. DSM

9.2.8. Viome Life Sciences, Inc

9.2.9. Habit LLC

9.2.10. DNANUTRICOACH

9.2.11.  DNA fit

9.2.12. Other Prominent Players

Segmentation of Digitalized DNA-based Diet Market-

By Product

  • Solution
  • Services

By Application Model

  • Lab-based devices
  • Health monitoring devices
  • Others

By End-Use

  • Wellness & fitness centers
  • Hospitals & clinics
  • Sports
  • Consumers
  • Others

By Region-

North America-

  • The US
  • Canada
  • Mexico

Europe-

  • Germany
  • The UK
  • France
  • Italy
  • Spain
  • Rest of Europe

Asia-Pacific-

  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific

Latin America-

  • Brazil
  • Argentina
  • Rest of Latin America

 Middle East & Africa-

  • GCC Countries
  • South Africa
  • Rest of Middle East and Africa

InsightAce Analytic follows a standard and comprehensive market research methodology focused on offering the most accurate and precise market insights. The methods followed for all our market research studies include three significant steps – primary research, secondary research, and data modeling and analysis - to derive the current market size and forecast it over the forecast period. In this study, these three steps were used iteratively to generate valid data points (minimum deviation), which were cross-validated through multiple approaches mentioned below in the data modeling section.

Through secondary research methods, information on the market under study, its peer, and the parent market was collected. This information was then entered into data models. The resulted data points and insights were then validated by primary participants.

Based on additional insights from these primary participants, more directional efforts were put into doing secondary research and optimize data models. This process was repeated till all data models used in the study produced similar results (with minimum deviation). This way, this iterative process was able to generate the most accurate market numbers and qualitative insights.

Secondary research

The secondary research sources that are typically mentioned to include, but are not limited to:

  • Company websites, financial reports, annual reports, investor presentations, broker reports, and SEC filings.
  • External and internal proprietary databases, regulatory databases, and relevant patent analysis
  • Statistical databases, National government documents, and market reports
  • Press releases, news articles, and webcasts specific to the companies operating in the market

The paid sources for secondary research like Factiva, OneSource, Hoovers, and Statista

Primary Research:

Primary research involves telephonic interviews, e-mail interactions, as well as face-to-face interviews for each market, category, segment, and subsegment across geographies

The contributors who typically take part in such a course include, but are not limited to: 

  • Industry participants: CEOs, CBO, CMO, VPs, marketing/ type managers, corporate strategy managers, and national sales managers, technical personnel, purchasing managers, resellers, and distributors.
  • Outside experts: Valuation experts, Investment bankers, research analysts specializing in specific markets
  • Key opinion leaders (KOLs) specializing in unique areas corresponding to various industry verticals
  • End-users: Vary mainly depending upon the market

Data Modeling and Analysis:

In the iterative process (mentioned above), data models received inputs from primary as well as secondary sources. But analysts working on these models were the key. They used their extensive knowledge and experience about industry and topic to make changes and fine-tuning these models as per the product/service under study.

The standard data models used while studying this market were the top-down and bottom-up approaches and the company shares analysis model. However, other methods were also used along with these – which were specific to the industry and product/service under study.

To know more about the research methodology used for this study, kindly contact us/click here.

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