The Business Research Company recently released a comprehensive report on the Global Artificial Intelligence (AI) In Personalized Nutrition Market Size and Trends Analysis with Forecast 2024-2033. This latest market research report offers a wealth of valuable insights and data, including global market size, regional shares, and competitor market share. Additionally, it covers current trends, future opportunities, and essential data for success in the industry.
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According to The Business Research Company’s, The artificial intelligence (AI) in personalized nutrition market size has grown exponentially in recent years. It will grow from $2.96 billion in 2023 to $3.66 billion in 2024 at a compound annual growth rate (CAGR) of 23.4%. The growth in the historic period can be attributed to rising personalized wellness solutions, growing awareness of nutrigenomics, the rise of wearable health tech, rise in the number of smartphones, and rising disposable income.
The artificial intelligence (AI) in personalized nutrition market size is expected to see exponential growth in the next few years. It will grow to $8.51 billion in 2028 at a compound annual growth rate (CAGR) of 23.5%. The growth in the forecast period can be attributed to increasing investments in health tech innovation, growing geriatric population, growing cases of lifestyle diseases, growing adoption of artificial intelligence (AI) for precision medicine, and increasing diseases like diabetes, and obesity. Major trends in the forecast period include Innovating artificial intelligence (AI)-powered nutrition platforms, artificial intelligence (AI) for analyzing genetic data, integration of artificial intelligence (AI) with internet of things (IoT) devices, predictive analytics for personalized supplement suggestions, innovating artificial intelligence (AI) algorithms for customized meal planning, and adoption of advanced technologies.
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Market Drivers and Trends:
The increasing number of diseases such as obesity are expected to drive the growth of artificial intelligence (AI) in personalized nutrition market going forward. Obesity is a medical condition characterized by excessive body fat accumulation that may impair health. Obesity cases are rising due to a combination of factors, including increased caloric intake, sedentary lifestyles, processed food consumption, socioeconomic influences, and environmental factors that promote unhealthy eating habits. AI personalized nutrition is required for managing obesity because it enables the development of tailored dietary plans and interventions based on individual factors such as genetics, lifestyle, and health status, providing more effective and sustainable strategies for weight management and promoting healthier eating habits. For instance, in May 2024, according to the Office for Health Improvement and Disparities, a UK-based government unit, in 2022 to 2023, approximately 64.0% of adults aged 18 and over in England are classified as overweight or living with obesity. This figure is similar to the 63.8% reported for the 2021–2022 period. Therefore, increasing obesity cases drives the growth of artificial intelligence (AI) in the personalized nutrition market.
Major companies operating in the artificial intelligence in personalized nutrition market are focused on developing AI-powered food and recipe platforms to offer personalized meal recommendations. An AI-powered food and recipe platform uses artificial intelligence to generate customized meal recommendations, recipes, and dietary plans based on individual preferences, nutritional needs, and health data. For instance, in August 2023, Samsung Electronics, a South Korea-based manufacturer of consumer electronics, launched Samsung Food, a personalized AI-powered food and recipe platform. Samsung Food offers a comprehensive, personalized food experience by providing access to over 160,000 recipes and acting as a virtual assistant for meal planning and ingredient sourcing. Its standout feature is the ability to customize recipes through its Food AI. It allows users to modify dishes to meet dietary needs, such as creating vegan versions or balancing nutritional content. The platform also enables users to craft fusion recipes, adjust cooking difficulty, and receive AI-driven meal plan recommendations based on personal preferences. Additionally, users can generate shopping lists from recipes and seamlessly order ingredients online from retailers.
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Major Key Players of the Market:
Appinventiv, LemonBox, Culina Health, Viome Inc., EIT Food, Zoe Ltd., Habit, Nutrify LLC, Nutrino Health Ltd., January AI, Nutrigenomix Inc., InsideTracker, Persona Nutrition, Suggestic Inc., Spur Fit, BiteAI , BetterMeal AI, EatLove , Nourished, DayTwo
Artificial Intelligence (AI) In Personalized Nutrition Market 2024 Key Insights:
• The artificial intelligence (AI) in personalized nutrition market size is expected to see exponential growth in the next few years. It will grow to $8.51 billion in 2028 at a compound annual growth rate (CAGR) of 23.5%.
• The Impact Of Rising Obesity Rates On The Growth Of Artificial Intelligence In Personalized Nutrition
• AI-Powered Innovations In Personalized Nutrition
• North America was the largest region in the artificial intelligence (AI) in personalized nutrition market in 2023
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