South Africa Personalized Retail Nutrition And Wellness Market Size & Outlook
South Africa personalized retail nutrition and wellness market, 2018-2030 (US$M)
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South Africa personalized retail nutrition and wellness market highlights
- The South Africa personalized retail nutrition and wellness market generated a revenue of USD 24.5 million in 2022 and is expected to reach USD 58.1 million by 2030.
- The South Africa market is expected to grow at a CAGR of 11.4% 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 24.5 million |
| Market revenue in 2030 | USD 58.1 million |
| Growth rate | 11.4% (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, South Africa accounted for 0.8% 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 Middle East & Africa, South Africa personalized retail nutrition and wellness market is projected to lead the regional market in terms of revenue in 2030.
- Saudi Arabia is the fastest growing regional market in Middle East & Africa and is projected to reach USD 52.6 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 |
|---|
South Africa 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 46.53% in 2022. Horizon Databook has segmented the South Africa 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.
Local presence of companies such as DNALYSIS and global companies such as DuPont in the country are expected to drive the market. In South Africa, large number of people use nutritional supplements. Moreover, presence of online services including web stores and supplement websites are expected to aid in revenue growth of this regional market. Supplements are registered and evaluated by the Medicines Control Council, which ensures safety of the product, thereby improving the market landscape in the country.
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Target buyers of South Africa 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 South Africa personalized retail nutrition and wellness market, including forecasts for subscribers. This country databook contains high-level insights into South Africa personalized retail nutrition and wellness market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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South Africa personalized retail nutrition wellness market size, by type, 2018-2030 (US$M)
South Africa Personalized Retail Nutrition And Wellness Market Share, 2022 & 2030 (US$M)
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