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Diet And Nutrition Apps Market Size
“The Business Research Company recently released a comprehensive report on Diet and Nutrition Apps Market Size and Trends Analysis with Forecast 2024-2033. This latest market research report offers a wealth of valuable insights and data, including size the global market, regional shares, and competitors’ market share as well, 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 market size of diet and nutrition apps has increased in recent years. It will grow from $9.73 billion in 2023 to $11.80 billion in 2024 at a compound annual growth rate (CAGR) of 21.3%. The growth in the historical period can be attributed to growing health awareness, increased interest in fitness and weight loss, increasing disease prevalence, people’s awareness of health and fitness and rise in health consciousness.
The diet and nutrition apps market size is expected to witness exponential growth in the next few years. It will grow to $25.67 billion in 2028 at a compound annual growth rate (CAGR) of 21.4%. The growth in the forecast period can be attributed to the increased use of internet and smartphones, increase in the number of active daily users, government initiatives and programs, rising prevalence of obesity, and increase in child endangerment cases. Major trends in the forecast period include technological advancements, development in the telecommunications sector, mobile phone technology to improve accessibility, integration of AI and machine learning and adoption of remote monitoring and telehealth solutions.
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Market Drivers and Trends:
The increase in pharmaceutical drug manufacturing is expected to fuel the growth of the compounding management market in the future. Pharmaceutical drugs refer to medicines or substances used to prevent, treat or diagnose medical conditions in humans or animals. The boom in pharmaceutical drug manufacturing can be attributed to increasing demand for innovative and effective medicines, the increasing prevalence of chronic diseases, supportive government policies and funding, and the growing importance of personalized medicine. Compound management is used in pharmaceutical drug manufacturing to ensure efficient handling, storage and tracking of chemical compounds critical to research, development and production. For example, in June 2023, according to the European Federation of Pharmaceutical Industries and Associations (EFPIA), a Belgium-based trade association representing the pharmaceutical industry, total pharmaceutical production in Europe was $368,832 million (€340,000 million) in 2022, an increase of about 4.95% from $351,420 million (€323,950 million) in 2021. Thus, the rise in pharmaceutical drug manufacturing is driving the growth of the compound management market.
Major companies operating in the diet and nutrition app market are increasing their focus on developing artificial intelligence (AI)-enabled mobile applications to improve user experience, personalize recommendations, and improve overall functionality. AI-enabled mobile applications are software programs designed to run on mobile devices, incorporating artificial intelligence algorithms to offer advanced functionalities such as personalized recommendations, natural language processing, and predictive analytics, which improve experience and performance the user. For example, in February 2024, the National Institute of Nutrition, a research institute based in India in collaboration with German institutions, launched NutriAIDE, a mobile app that promotes healthy and sustainable nutrition through AI-based photo recognition, food content tracking, and environmental impact. assessment. NutriAIDE includes an AI-powered photo recognition tool that allows users to upload images of food items to obtain calorie information and assess the carbon footprint of their food choices. It also enables users to track micronutrient and macronutrient content, monitor physical activity, and engage with their food environments through functions such as maps, move and mind.
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Key Market Players:
Apple Inc., Adidas AG, Under Armor Inc., Fitbit Inc., Headspace Inc., Noom Inc., Vida Health Inc., Leaf Group Ltd., FitOn Inc., mySugr GmbH, Lifesum AB, Ovia Health, Yummly Inc. , Azumio Inc., PlateJoy LLC, SparkPeople Inc., FatSecret, FitNow Inc., MyNetDiary Inc., Wombat Apps LLC, Jawbone Inc., Foodvisor, Spokin Inc., Eat This Much Inc., Jefit Inc.
Diet and Nutrition Apps Market 2024 Key Insights:
• The market size of diet and nutrition apps is expected to grow exponentially in the next few years. It will grow to $25.67 billion in 2028 at a compound annual growth rate (CAGR) of 21.4%.
• Fitness And Weight Loss Trends Driving Diet And Nutrition App Market Growth
• AI-Driven Innovations in Diet And Nutrition Apps That Improve User Experience and Sustainability
• North America was the largest region in the diet and nutrition apps market in 2023
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This release was published on openPR.
