Australia Personalized Retail Nutrition And Wellness Market Size & Outlook
Australia personalized retail nutrition and wellness market, 2018-2030 (US$M)
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Australia personalized retail nutrition and wellness market highlights
- The Australia personalized retail nutrition and wellness market generated a revenue of USD 52.5 million in 2022 and is expected to reach USD 141.2 million by 2030.
- The Australia market is expected to grow at a CAGR of 13.2% from 2023 to 2030.
- In terms of segment, repeat recommendation was the largest revenue generating type in 2022.
- Personalized Testing is the most lucrative type segment registering the fastest growth during the forecast period.
Personalized retail nutrition and wellness market data book summary
| Market revenue in 2022 | USD 52.5 million |
| Market revenue in 2030 | USD 141.2 million |
| Growth rate | 13.2% (CAGR from 2022 to 2030) |
| Largest segment | Repeat recommendation |
| Fastest growing segment | Personalized Testing |
| Historical data | 2018 - 2021 |
| Base year | 2022 |
| Forecast period | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Fixed Recommendation, Repeat Recommendation, Continuous Recommendation, Personalized Testing |
| Key market players worldwide | Nature's Brands, Cargill, Bayer AG, PlateJoy, Better Therapeutics Inc, Noom, Prenetics Global Ltd Class A |
Other key industry trends
- In terms of revenue, Australia accounted for 1.7% of the global personalized retail nutrition and wellness market in 2022.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China personalized retail nutrition and wellness market is projected to lead the regional market in terms of revenue in 2030.
- China is the fastest growing regional market in Asia Pacific and is projected to reach USD 609.4 million by 2030.
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Personalized Retail Nutrition And Wellness Market Scope
Personalized Retail Nutrition And Wellness Market Companies
| Name | Profile | # Employees | HQ | Website |
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Australia personalized retail nutrition and wellness market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to personalized retail nutrition and wellness market will help companies and investors design strategic landscapes.
Repeat recommendation was the largest segment with a revenue share of 45.9% in 2022. Horizon Databook has segmented the Australia personalized retail nutrition and wellness market based on fixed recommendation, repeat recommendation, continuous recommendation, personalized testing covering the revenue growth of each sub-segment from 2018 to 2030.
In Australia, scientists are conducting studies to understand the effects of personalized nutritional products on users. Some of the studies conducted at the University of Sydney suggested that predicting precisely what could be the best outcomes for an individual with genetic tests is very difficult as there could be multiple causes and approaches for a certain kind of variation in the gene.
Many companies such as Fitgenes Australia Pty Ltd. and Imagene Labs are providing personalized healthcare and fitness solutions to consumers. Federal agencies in the country such as Commonwealth Scientific and Industrial Research Organization (CSIRO) are responsible for overviewing the research studies carried out in the field of personalized nutrition. The agency delivers innovative solutions to the Australian health, wellness, and food industry and develops dietary strategies by understanding the basis of individual health at DNA level.
Similarly, the Nutrition Society of Australia (NSA) is a national forum that supports nutritionists and dieticians for carrying out research studies and programs. Centers such as the Maylands Wellness and Nutted Out Nutrition are providing a wide range of services related to personalized healthcare to customers in the region.
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Target buyers of Australia personalized retail nutrition and wellness market databook
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Our clientele includes a mix of personalized retail nutrition and wellness market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the Australia personalized retail nutrition and wellness market, including forecasts for subscribers. This country databook contains high-level insights into Australia personalized retail nutrition and wellness market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Australia personalized retail nutrition wellness market size, by type, 2018-2030 (US$M)
Australia Personalized Retail Nutrition And Wellness Market Share, 2022 & 2030 (US$M)
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