China Personalized Retail Nutrition And Wellness Market Size & Outlook
China personalized retail nutrition and wellness market, 2018-2030 (US$M)
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China personalized retail nutrition and wellness market highlights
- The China personalized retail nutrition and wellness market generated a revenue of USD 159.5 million in 2022 and is expected to reach USD 609.4 million by 2030.
- The China market is expected to grow at a CAGR of 18.2% 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 159.5 million |
| Market revenue in 2030 | USD 609.4 million |
| Growth rate | 18.2% (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, China accounted for 5.3% 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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China 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 46.65% in 2022. Horizon Databook has segmented the China 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 China, there is rise in numbe of cases of patients with child obesity, diabetes, cardiovascular diseases, and food allergies. In addition to this, there is a growing awareness among the Chinese population to take an active role in their own well-being. These two factors are playing significant role in driving the country market growth. Chinese companies are considering personalized medicine as a growth strategy.
Companies are collaborating with major and small players to build their product portfolio for Chinese population. For instance, In May 2017, BASF and By-Health signed 10-year strategic agreement to co-develop concepts and technology for personalized nutrition solutions. In 2015, By-Health upgraded its product/service portfolio to become a comprehensive nutrition solution provider from single dietary supplement supplie.
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Target buyers of China 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 China personalized retail nutrition and wellness market, including forecasts for subscribers. This country databook contains high-level insights into China personalized retail nutrition and wellness market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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China personalized retail nutrition wellness market size, by type, 2018-2030 (US$M)
China Personalized Retail Nutrition And Wellness Market Share, 2022 & 2030 (US$M)
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