India Personalized Retail Nutrition And Wellness Market Size & Outlook
India personalized retail nutrition and wellness market, 2018-2030 (US$M)
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India personalized retail nutrition and wellness market highlights
- The India personalized retail nutrition and wellness market generated a revenue of USD 95.6 million in 2022 and is expected to reach USD 352.1 million by 2030.
- The India market is expected to grow at a CAGR of 17.7% 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 95.6 million |
| Market revenue in 2030 | USD 352.1 million |
| Growth rate | 17.7% (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, India accounted for 3.2% 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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India 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 46.44% in 2022. Horizon Databook has segmented the India 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.
The Food Safety and Standards Authority of India (FSSAI) issues guidelines pertaining to the functional foods and supplements in India. In 2016, this agency established guidelines for functional foods and supplements that cover nutraceuticals, health supplements, functional foods, novel foods, and food for special medical purposes. Increased preference for personal wellness and nutrition through supplements and functional foods is anticipated to boost the sales of personalized nutrition products in the country.
Indian consumers consider food supplements as alternatives to prescription drugs. Consumption of supplements by consumers s not only restricted to daily nutrients fulfillment but also for associated functional health benefits in order to avoid the occurrence of various illness such as obesity and cardiovascular diseases.
In recent times, Indian population is observed to be more focused toward their health and weight management through personalized approach. This has led to an increase in demand for natural functional foods for applications including weight management, sports nutrition, and healthy snacking.
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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 India personalized retail nutrition and wellness market, including forecasts for subscribers. This country databook contains high-level insights into India personalized retail nutrition and wellness market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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India personalized retail nutrition wellness market size, by type, 2018-2030 (US$M)
India Personalized Retail Nutrition And Wellness Market Share, 2022 & 2030 (US$M)
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