Germany Personalized Retail Nutrition And Wellness Market Size & Outlook
Germany personalized retail nutrition and wellness market, 2018-2030 (US$M)
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Germany personalized retail nutrition and wellness market highlights
- The Germany personalized retail nutrition and wellness market generated a revenue of USD 205.0 million in 2022 and is expected to reach USD 664.4 million by 2030.
- The Germany market is expected to grow at a CAGR of 15.8% 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 205.0 million |
| Market revenue in 2030 | USD 664.4 million |
| Growth rate | 15.8% (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, Germany accounted for 6.8% 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 Europe, Germany personalized retail nutrition and wellness market is projected to lead the regional market in terms of revenue in 2030.
- Germany is the fastest growing regional market in Europe and is projected to reach USD 664.4 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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Germany 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 46.15% in 2022. Horizon Databook has segmented the Germany 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.
Considering personalized nutrition market as a fastest growth industry in food and nutrition sector, several well-established players have begun making inputs to explore the potential of this market. In April 2018, Ludwigshafen-based BASF became a member of the Personalized Nutrition & Health consortium which was established by the Netherlands Organization for Applied Scientific Research (TNO) and Wageningen University & Research, a university and research center based in Germany.
Moreover, in August 2017, BASF announced to target personalized nutrition as this arena hold great potential for company growth. Furthermore, in June 2018, Baze, an at-home blood testing kit was launched in Berlin to assist in determining personalized monthly supplements and thereby improving the individual’s health.
In addition, conferences are taking place in Germany to drive growth of personalized nutrition across the Europe including Germany. For instance, in September 2018, NEWTRITION XInnovation Summit Personalized Nutrition is expected to take place in Luebeck.
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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 Germany personalized retail nutrition and wellness market, including forecasts for subscribers. This country databook contains high-level insights into Germany personalized retail nutrition and wellness market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Germany personalized retail nutrition wellness market size, by type, 2018-2030 (US$M)
Germany Personalized Retail Nutrition And Wellness Market Share, 2022 & 2030 (US$M)
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