Market Overview:
The global personalized retail nutrition and wellness market is expected to grow at a CAGR of 7.5% from 2018 to 2030. The growth in this market can be attributed to the increasing awareness about the benefits of personalized nutrition, rising demand for healthy and nutritious food products, and growing trend of self-care. In addition, the increasing prevalence of lifestyle diseases is also contributing to the growth of this market. On the basis of type, the global personalized retail nutrition and wellness market can be segmented into dietary supplements & nutraceuticals and functional food. Dietary supplements & nutraceuticals are further sub-segmented into vitamins & minerals, probiotics & prebiotics, protein powders, weight loss supplements, and others (herbal supplements). Functional food is further sub-segmented into sports nutrition products, energy bars/snacks/drinks/meal replacements), dairy products (yogurt drinks), bakery items (healthy breads), confectioneries (fruit bars), ready meals (chicken tikka masala with brown rice) infant formula milk powder etc.). On the basis of application type ,the global personalize retail Nutrition&Wellness Market can be segmented as follows: children (18 years old)and elderly people (>60 years old). Among these segments ,the adult segment is expected to account for a major share in terms revenue contribution during forecast period .
Product Definition:
Personalized Retail Nutrition & Wellness is a term used to describe the trend of retailers providing customized services and products to their customers. This can include offering nutritional advice, recommending wellness programs, and tailoring product selections to individual needs. The importance of Personalized Retail Nutrition & Wellness lies in its ability to provide an individualized shopping experience that meets each customer's specific needs. This can help improve customer satisfaction and loyalty, as well as increase sales.
Dietary Supplements & Nutraceuticals:
Dietary supplements and nutraceuticals are products that provide health benefits beyond basic food items. They are used to enhance or supplement the normal diet in order to meet specific nutritional requirements. Nutraceuticals can be further categorized into two types, namely; dietary supplements and medicinal herbs. Dietary supplements have become increasingly popular among consumers as they enable them to fulfill their daily requirement of nutrients without having any negative side effects associated with it.
Functional Food:
Functional food is a product that has health benefits beyond basic nutrition. It helps to maintain or restore the body's functional capabilities, such as digestive system, heart, brain and immune function along with supporting muscle tissue. Some of the examples of functional foods are probiotics and prebiotics which have positive impact on gut bacteria; omega 3 fatty acids for improving heart health; and fortification of nutrients like folic acid in cereals to improve nutrient absorption by body cells.
Application Insights:
The application segment is segregated into three parts, namely children, adult and the old man. The old man application segment held a major share in 2017 owing to increasing demand for nutritional & wellness products from geriatric population. This trend will continue over the forecast period as companies are focusing on developing products specifically designed for aging individuals. For instance, in June 2018; Enzymotec launched a new product-Enzymatic Tonic Water-for older adults with taste preferences who need hydration along with their tonics of elderberry flavor.
Nutraceuticals and dietary supplements are expected to be the fastest growing segments during the forecast period due to rising health consciousness among consumers regarding their diet plans and regular exercise routine coupled with an increase in expenditure on these items by consumers as they consider them beneficial for overall well being. Companies such as Jigsaw Health Solutions Inc.
Regional Analysis:
North America dominated the global personalized retail nutrition & wellness industry in 2017. The region is expected to maintain its position during the forecast period. This can be attributed to rising awareness among consumers regarding a healthy lifestyle and increasing spending on dietary supplements and functional foods in countries, such as U.S., Canada, and Mexico.
Growth Factors:
- Increasing awareness about the benefits of personalized nutrition and wellness among consumers.
- Rising demand for customized health and wellness services from consumers.
- Proliferation of digital technologies that facilitate the delivery of personalized retail nutrition and wellness services to consumers.
- Growing number of health-conscious consumers who are interested in improving their overall well-being through personalized nutrition and wellness programs/services.
- Increasing investments by retailers in developing innovative personalized retail nutrition and wellness programs/services to cater to the needs of health-conscious consumers
Scope Of The Report
Report Attributes
Report Details
Report Title
Personalized Retail Nutrition & Wellness Market Research Report
By Type
Dietary Supplements & Nutraceuticals, Functional Food
By Application
Children, Adult, The Old Man
By Companies
Pfizer, Bayer, GlaxoSmithKline, Reckitt Benckiser Group, Groking Lab, PlateJoy, Habit Food Personalized, Nima Labs, Healbe
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
155
Number of Tables & Figures
109
Customization Available
Yes, the report can be customized as per your need.
Global Personalized Retail Nutrition & Wellness Market Report Segments:
The global Personalized Retail Nutrition & Wellness market is segmented on the basis of:
Types
Dietary Supplements & Nutraceuticals, Functional Food
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Children, Adult, The Old Man
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Pfizer
- Bayer
- GlaxoSmithKline
- Reckitt Benckiser Group
- Groking Lab
- PlateJoy
- Habit Food Personalized
- Nima Labs
- Healbe
Highlights of The Personalized Retail Nutrition & Wellness Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Dietary Supplements & Nutraceuticals
- Functional Food
- By Application:
- Children
- Adult
- The Old Man
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Personalized Retail Nutrition & Wellness Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Personalized Retail Nutrition & Wellness is a service that helps grocery stores and other retailers provide personalized nutrition and wellness advice to their customers. The service provides recommendations for healthy foods, supplements, and lifestyle changes that can help customers maintain a healthy weight or improve their overall health.
Some of the major companies in the personalized retail nutrition & wellness market are Pfizer, Bayer, GlaxoSmithKline, Reckitt Benckiser Group, Groking Lab, PlateJoy, Habit Food Personalized, Nima Labs, Healbe.
The personalized retail nutrition & wellness market is expected to grow at a compound annual growth rate of 7.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Personalized Retail Nutrition & Wellness Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Personalized Retail Nutrition & Wellness Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Personalized Retail Nutrition & Wellness Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Personalized Retail Nutrition & Wellness Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Personalized Retail Nutrition & Wellness Market Size & Forecast, 2018-2028
4.5.1 Personalized Retail Nutrition & Wellness Market Size and Y-o-Y Growth
4.5.2 Personalized Retail Nutrition & Wellness Market Absolute $ Opportunity
Chapter 5 Global Personalized Retail Nutrition & Wellness Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Personalized Retail Nutrition & Wellness Market Size Forecast by Type
5.2.1 Dietary Supplements & Nutraceuticals
5.2.2 Functional Food
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Personalized Retail Nutrition & Wellness Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Personalized Retail Nutrition & Wellness Market Size Forecast by Applications
6.2.1 Children
6.2.2 Adult
6.2.3 The Old Man
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Personalized Retail Nutrition & Wellness Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Personalized Retail Nutrition & Wellness Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Personalized Retail Nutrition & Wellness Analysis and Forecast
9.1 Introduction
9.2 North America Personalized Retail Nutrition & Wellness Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Personalized Retail Nutrition & Wellness Market Size Forecast by Type
9.6.1 Dietary Supplements & Nutraceuticals
9.6.2 Functional Food
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Personalized Retail Nutrition & Wellness Market Size Forecast by Applications
9.10.1 Children
9.10.2 Adult
9.10.3 The Old Man
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Personalized Retail Nutrition & Wellness Analysis and Forecast
10.1 Introduction
10.2 Europe Personalized Retail Nutrition & Wellness Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Personalized Retail Nutrition & Wellness Market Size Forecast by Type
10.6.1 Dietary Supplements & Nutraceuticals
10.6.2 Functional Food
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Personalized Retail Nutrition & Wellness Market Size Forecast by Applications
10.10.1 Children
10.10.2 Adult
10.10.3 The Old Man
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Personalized Retail Nutrition & Wellness Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Personalized Retail Nutrition & Wellness Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Personalized Retail Nutrition & Wellness Market Size Forecast by Type
11.6.1 Dietary Supplements & Nutraceuticals
11.6.2 Functional Food
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Personalized Retail Nutrition & Wellness Market Size Forecast by Applications
11.10.1 Children
11.10.2 Adult
11.10.3 The Old Man
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Personalized Retail Nutrition & Wellness Analysis and Forecast
12.1 Introduction
12.2 Latin America Personalized Retail Nutrition & Wellness Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Personalized Retail Nutrition & Wellness Market Size Forecast by Type
12.6.1 Dietary Supplements & Nutraceuticals
12.6.2 Functional Food
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Personalized Retail Nutrition & Wellness Market Size Forecast by Applications
12.10.1 Children
12.10.2 Adult
12.10.3 The Old Man
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Personalized Retail Nutrition & Wellness Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Personalized Retail Nutrition & Wellness Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Personalized Retail Nutrition & Wellness Market Size Forecast by Type
13.6.1 Dietary Supplements & Nutraceuticals
13.6.2 Functional Food
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Personalized Retail Nutrition & Wellness Market Size Forecast by Applications
13.10.1 Children
13.10.2 Adult
13.10.3 The Old Man
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Personalized Retail Nutrition & Wellness Market: Competitive Dashboard
14.2 Global Personalized Retail Nutrition & Wellness Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Pfizer
14.3.2 Bayer
14.3.3 GlaxoSmithKline
14.3.4 Reckitt Benckiser Group
14.3.5 Groking Lab
14.3.6 PlateJoy
14.3.7 Habit Food Personalized
14.3.8 Nima Labs
14.3.9 Healbe
