Digitalized DNA-Based Diet Market Latest Report with Forecast to 2031

Digitalized DNA-Based Diet Market to reach over USD 1,865.46 Mn by the year 2031 - Exclusive Report by InsightAce Analytic

"Digitalized DNA-Based Diet Market" in terms of revenue was estimated to be worth $463.97 Mn in 2024 and is poised to reach $1,865.46 Mn by 2031, growing at a CAGR of 19.39% from 2023 to 2031 according to a new report by InsightAce Analytic.

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Latest Drivers Restraint and Opportunities Market Snapshot:

Key factors influencing the global digitalized DNA-based diet market is:
• Technological advancement
• Rising consumer awareness about health
• Swift integration of digital health

The following are the primary obstacles to the digitalized DNA-based diet market 's expansion:
• High costs
• lack of awareness and monetization in developing countries
• Health data ethics and privacy concerns

Future expansion opportunities for the global digitalized DNA-based diet market include:
• Improving healthcare facilities
• Growth in research and development
• Increasing chronic diseases

Market Analysis:

The increasing need for personalized diet plans and the rapid expansion of online medical services drive the digitalized DNA-based diets industry's rapid expansion. Rising cancer cases worldwide, more research studies, more partnerships between research institutes and market players, more applications of DNA next-generation sequencing, and technological advancements in sequencing technologies all contribute to the growth of the digitalized DNA-based diets market.

List of Prominent Players in the Digitalized DNA-Based Diet Market:
• GX Sciences, LLC
• Advanced Genomic Solutions (AGS) LLC
• OME Health
• Fitgenes
• HealthCodes DNA, LLC
• Mapmygenome
• DSM
• Viome Life Sciences, Inc.
• Habit LLC
• DNANUTRICOACH
• DNAfit

Digitalized DNA-Based Diet Market Report Scope:

Report Attribute Specifications
Market size value in 2023 USD 463.97 Mn
Revenue forecast in 2031 USD 1,865.43 Mn
Growth rate CAGR CAGR of 19.39% from 2024 to 2031
Quantitative units Representation of revenue in US$ Million, and CAGR from 2024 to 2031
Historic Year 2019 to 2023
Forecast Year 2024-2031
Report coverage The forecast of revenue, the position of the company, the competitive market structure, growth prospects, and trends
Segments covered By Product, Application, End-Use
Regional scope North America; Europe; Asia Pacific; Latin America; Middle East & Africa

Recent Developments:
• In January 2024, GX Sciences and GetHairMD joined forces; GetHairMD treats hair loss, and GX Sciences provides genetic testing. Patients can access GX Sciences' specialized pretreatment oral swab genetic test through GetHairMD, per the agreement.
• In November 2023, Viome Life Sciences is a mission-driven company that gives people the tools they need to improve their health. They have recently developed the Full Body IntelligenceTM exam based on microbiome research and holistic health.
• In January 2024, DSM Biomedical, a division of DSM-Firmenich, joined the ICMS Industrial Consortium to explore breakthroughs in line with their global objective of addressing healthcare needs worldwide through sustainable science. This collaboration allows DSM Biomedical to expand its in-house research capabilities while fostering a stronger bond between science and business.

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Digitalized DNA-Based Diet Market Dynamics:
Market Drivers: Swift Integration of Digital Health
An increasing number of people are interested in digitalized DNA-based diet plans because they can see how their genetic profile is related to their food, lifestyle, and exercise choices. Several technology systems have been developed to monitor one's health accurately based on genetic markers. One such system assesses genetic risk for several aspects of metabolism and weight gain according to different genotypes at specific genomic markers. The rising rates of obesity and the increased awareness of the risks it presents to health are the main forces propelling the development.
Challenges: High Cost
The cost of testing each sample increases due to the high number of laboratory hours required for all processes. The high price of weight reduction products and programs is expected to limit the industry's growth. The lack of commercialization and competence in developing nations is anticipated to slow down the market expansion of digitalized DNA-based diets.
North America is Expected to Grow with the Highest CAGR During the Forecast Period
The North America digitalized DNA-based diet market is likely to register a significant revenue share and develop at a rapid CAGR in the near future. This is because of the massive investment in transcriptomics research and development, the rising prevalence of increasingly debilitating illnesses such as cancer, and the increasing need for tailored medications. Growing consumer knowledge of several health issues and the fast adoption of cutting-edge diagnostic and treatment options are driving the market's expansion in the region.

Segmentation of Digitalized DNA-Based Diet Market-
By Product-
• Solution
• Services
By Application Model-
• Lab-Based Devices
• Health Monitoring Devices
• Others
By End-Use-
• Wellness & Fitness Centers
• Hospitals & Clinics
• Sports
• Consumers
• Others
By Region-
North America-
• The US
• Canada
• Mexico
Europe-
• Germany
• The UK
• France
• Italy
• Spain
• Rest of Europe
Asia-Pacific-
• China
• Japan
• India
• South Korea
• South East Asia
• Rest of Asia Pacific
Latin America-
• Brazil
• Argentina
• Rest of Latin America
Middle East & Africa-
• GCC Countries
• South Africa
• Rest of Middle East and Africa
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This release was published on openPR.