The Global Consumer Genomics Market in 2021 was held at US$ 2.4 Bn. With a CAGR of 22.3% during 2022 - 2032, the market is projected to reach a valuation of US$ 21.2 Bn by 2032.
Genetic Relatedness is expected to be the highest revenue-generating application, projected to grow at a CAGR of over 26.3% during 2022 – 2032.
As per the Market research by Transparency Market Research - a market research and competitive intelligence provider, historically, from 2015 to 2021, the market value increased at around 18.5% CAGR. During the forecast period, the market is projected to grow with an absolute dollar opportunity of US$ 18.3 Bn.
Over the last decade, the cost of retail genetic tests has been significantly reduced. The pricing of the tests will entice customers, boosting the industry. A medical practitioner is typically not involved in retail genomics testing.
They are utilized to determine the family history of medical symptoms. This information would assist the customer in making better judgments and taking preventative measures.
Furthermore, the widespread availability of sequencing has resulted in a paradigm shift, causing consumers to identify risk factors and opening the door to new applications and economic models in health insurance, care delivery, and everyday living.
Growing worries about sedentary lifestyles, as well as an increase in the prevalence of poor diet-related diseases, are attributed to market expansion. Customers and physicians are using genealogy services to learn about their ancestry and find family relatives.
Public gene testing firms are launching deliberate measures to raise consumer knowledge of genealogical testing. This, in turn, has led to the development of genealogical testing. The rising usage of consumer genomics has stemmed from the surged awareness of genealogical testing.
The prevalence of diet-related illnesses has skyrocketed in the recent past. Along with this, the prevalence of sickness is rising. This has been creating more interest of people in consumer genomics.
Furthermore, the expanding application area of DTC testing kits is another factor driving the market throughout the forecast period.
Growing demand for personalized genomics and increased access to DTC services due to lower genotyping rates are projected to drive the growth of the market during the forecast period. Furthermore, rising corporate investment in consumer genomics, as well as rising consumer and physician interest in DTC kits, are expected to drive the growth of the market.
On the other hand, growing clinical and ethical concerns about the use of DTC products and customized treatment, stringent norms associated with the use of DTC genetic tests, and the lack of adoption of home-based genetic tests due to ambiguous results are expected to stymie the growth of the market.
Growth in the customized medicine industry is expected to provide a plethora of possibilities for participants in the genomics market. Several pharmaceutical corporations are spending more on customized medicine research.
Personalized medicine enables doctors to understand the exact requirements of their patients and prescribe medications and therapies to meet those needs.
This process ensures that patients receive better treatment. Furthermore, advances in gene therapy are projected to replace traditional medications and operations by allowing doctors to treat a problem by putting a gene into the cell of a patient.
Growth in the customized medicine industry will provide a plethora of possibilities for firms in the genomics sector. Various pharmaceutical corporations are boosting their investments in customized medicine research.
Precision medicine is becoming more important to research institutions and even large pharmaceutical firms in the creation of novel medications, disease treatments, and clinical trials.
In 2021, North America held the largest share of the global market for consumer genomics. The region's market growth can be ascribed to the expansion of government efforts encouraging precision medicine.
Furthermore, leading players' embrace of various methods to provide effective genomics solutions is fuelling market expansion throughout the predicted period. The retail genomics market in the Asia Pacific is predicted to increase over the estimated period due to the introduction of new players in the area.
The market will benefit from growing knowledge of customized medicine, improved lifestyle with the aid of retail genomics, and higher financing in the area of research and development. Growing knowledge and R&D in emerging nations such as China and Japan concerning genetic sequencing, as well as the presence of regional businesses in the countries, will increase the regional market.
Furthermore, major changes have been implemented by government agencies in the region, which will accelerate the market.
The United States is expected to account for the largest market of US$ 8.4 Bn by 2032, owing to factors such as increased R&D efforts, expanding sophisticated technology, and widespread commercialization of retail genomics. Furthermore, the emergence of more retail genomics firms would lead to market expansion in the region. Increased government attempts to develop genomics projects in Canada are likely to boost the country's market.
The market in the U.K. is expected to reach a valuation of US$ 794 Mn by 2032. Growing at a CAGR of 22% during 2022 – 2032, the market in the country is expected to gross an absolute dollar opportunity of US$ 684 Mn.
In Japan, the market is expected to reach US$ 781 Mn by 2032. Growing at a CAGR of 22.6% during the forecast period, the market in the country is expected to gross an absolute dollar opportunity of US$ 679 Mn.
The market in South Korea is expected to reach US$ 583 Mn by 2032. With a CAGR of 26.4%, the market in the country is expected to gross an absolute dollar opportunity of US$ 525 Mn during the forecast period.
Genetic Relatedness commanded the largest revenue as well as CAGR of nearly 26.3%, during the forecast period. The ancestry & relationship testing category is expected to account for roughly 40% of the market in 2021, as the cost of genetic ancestry tests has declined in recent years, thus increasing the consumer genomics revenue.
Ancestry testing enables people to know about their family history through historical documentation. It hints about an individual's ancestors among persons of comparable backgrounds by analyzing DNA variants, which is driving the consumer genomics market.
Some of the key players in the consumer genomics market include 23andMe, Color Genomics, Counsyl, Gene by Gene, Laboratory Corporation of America, MyMedLab, Mapmygenome India, and Positive Biosciences.
Some of the recent developments of key Consumer Genomics providers are as follows:
Similarly, recent developments related to companies in the Consumer Genomics business have been tracked by the team at Transparency Market Research, which is available in the full report.
By Application
By Region
|
Attribute |
Details |
|
Global Market (2022) |
US$ 2.9 Bn |
|
Global Consumer Genomics Industry (2032) |
US$ 21.2 Bn |
|
Global Market CAGR (2022 – 2032) |
22.3% |
|
U.S. CAGR (2022 – 2032) |
22.2% |
|
Key Companies Profiled |
|
The global market is worth more than US$ 2.4 Bn at present.
The market value is projected to increase at a CAGR of around 22.3% during 2022 – 2032.
The market value increased at a CAGR of around 18.5% during 2015 – 2021.
The rise in demand for the Determination of family history, sedentary lifestyles, as well as an increase in the prevalence of poor diet-related disease are bolstering the market growth.
The market for Consumer Genomics Market in China is projected to expand at a CAGR of around 27% during 2022 – 2032.
While the market in South Korea is expected to grow at nearly 26.4%, the market in Japan is projected to register a CAGR of nearly 22.6% during 2022 - 2032.
1. Executive Summary
1.1. Global Market Outlook
1.2. Demand-side Trends
1.3. Supply-side Trends
1.4. Technology Roadmap Analysis
1.5. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Market Background
3.1. Market Dynamics
3.1.1. Drivers
3.1.2. Restraints
3.1.3. Opportunity
3.1.4. Trends
3.2. Scenario Forecast
3.2.1. Demand in Optimistic Scenario
3.2.2. Demand in Likely Scenario
3.2.3. Demand in Conservative Scenario
3.3. Opportunity Map Analysis
3.4. Product Life Cycle Analysis
3.5. Investment Feasibility Matrix
3.6. PESTLE and Porter’s Analysis
3.7. Regulatory Landscape
3.7.1. By Key Regions
3.7.2. By Key Countries
3.8. Regional Parent Market Outlook
4. Global Consumer Genomics Market Analysis 2015-2021 and Forecast, 2022-2032
4.1. Historical Market Size Value (US$ Mn) Analysis, 2015-2021
4.2. Current and Future Market Size Value (US$ Mn) Projections, 2022-2032
4.2.1. Y-o-Y Growth Trend Analysis
4.2.2. Absolute $ Opportunity Analysis
5. Global Consumer Genomics Market Analysis 2015-2021 and Forecast 2022-2032, By Application
5.1. Introduction / Key Findings
5.2. Historical Market Size Value (US$ Mn) Analysis By Application, 2015-2021
5.3. Current and Future Market Size Value (US$ Mn) Analysis and Forecast By Application, 2022-2032
5.3.1. Genetic Relatedness
5.3.2. Diagnostics
5.3.3. Lifestyle, Wellness & Nutrition
5.3.4. Ancestry
5.3.5. Reproductive Health
5.3.6. Personalized Medicine & Pharmacogenetic testing
5.3.7. Sports Nutrition & Health
5.3.8. Other Applications
5.4. Y-o-Y Growth Trend Analysis By Application, 2015-2021
5.5. Absolute $ Opportunity Analysis By Application, 2022-2032
6. Global Consumer Genomics Market Analysis 2015-2021 and Forecast 2022-2032, By Region
6.1. Introduction
6.2. Historical Market Size Value (US$ Mn) Analysis By Region, 2015-2021
6.3. Current Market Size Value (US$ Mn) Analysis and Forecast By Region, 2022-2032
6.3.1. North America
6.3.2. Latin America
6.3.3. Europe
6.3.4. Asia Pacific
6.3.5. Middle East and Africa
6.4. Market Attractiveness Analysis By Region
7. North America Consumer Genomics Market Analysis 2015-2021 and Forecast 2022-2032, By Country
7.1. Historical Market Size Value (US$ Mn) Trend Analysis By Market Taxonomy, 2015-2021
7.2. Market Size Value (US$ Mn) Forecast By Market Taxonomy, 2022-2032
7.2.1. By Country
7.2.1.1. U.S.
7.2.1.2. Canada
7.2.2. By Application
7.3. Market Attractiveness Analysis
7.3.1. By Country
7.3.2. By Application
7.4. Key Takeaways
8. Latin America Consumer Genomics Market Analysis 2015-2021 and Forecast 2022-2032, By Country
8.1. Historical Market Size Value (US$ Mn) Trend Analysis By Market Taxonomy, 2015-2021
8.2. Market Size Value (US$ Mn) Forecast By Market Taxonomy, 2022-2032
8.2.1. By Country
8.2.1.1. Brazil
8.2.1.2. Mexico
8.2.1.3. Rest of Latin America
8.2.2. By Application
8.3. Market Attractiveness Analysis
8.3.1. By Country
8.3.2. By Application
8.4. Key Takeaways
9. Europe Consumer Genomics Market Analysis 2015-2021 and Forecast 2022-2032, By Country
9.1. Historical Market Size Value (US$ Mn) Trend Analysis By Market Taxonomy, 2015-2021
9.2. Market Size Value (US$ Mn) Forecast By Market Taxonomy, 2022-2032
9.2.1. By Country
9.2.1.1. Germany
9.2.1.2. U.K.
9.2.1.3. France
9.2.1.4. Spain
9.2.1.5. Italy
9.2.1.6. Russia
9.2.1.7. Rest of Europe
9.2.2. By Application
9.3. Market Attractiveness Analysis
9.3.1. By Country
9.3.2. By Application
9.4. Key Takeaways
10. Asia Pacific Consumer Genomics Market Analysis 2015-2021 and Forecast 2022-2032, By Country
10.1. Historical Market Size Value (US$ Mn) Trend Analysis By Market Taxonomy, 2015-2021
10.2. Market Size Value (US$ Mn) Forecast By Market Taxonomy, 2022-2032
10.2.1. By Country
10.2.1.1. China
10.2.1.2. Japan
10.2.1.3. India
10.2.1.4. South Korea
10.2.1.5. Australia
10.2.1.6. Rest of APAC
10.2.2. By Application
10.3. Market Attractiveness Analysis
10.3.1. By Country
10.3.2. By Application
10.4. Key Takeaways
11. Middle East and Africa Consumer Genomics Market Analysis 2015-2021 and Forecast 2022-2032, By Country
11.1. Historical Market Size Value (US$ Mn) Trend Analysis By Market Taxonomy, 2015-2021
11.2. Market Size Value (US$ Mn) Forecast By Market Taxonomy, 2022-2032
11.2.1. By Country
11.2.1.1. South Africa
11.2.1.2. Saudi Arabia
11.2.1.3. UAE
11.2.1.4. Israel
11.2.1.5. Rest of MEA
11.2.2. By Application
11.3. Market Attractiveness Analysis
11.3.1. By Country
11.3.2. By Application
11.4. Key Takeaways
12. Key Countries Consumer Genomics Market Analysis
12.1. U.S.
12.1.1. Pricing Analysis
12.1.2. Market Share Analysis, 2021
12.1.2.1. By Application
12.2. Canada
12.2.1. Pricing Analysis
12.2.2. Market Share Analysis, 2021
12.2.2.1. By Application
12.3. Brazil
12.3.1. Pricing Analysis
12.3.2. Market Share Analysis, 2021
12.3.2.1. By Application
12.4. Mexico
12.4.1. Pricing Analysis
12.4.2. Market Share Analysis, 2021
12.4.2.1. By Application
12.5. Germany
12.5.1. Pricing Analysis
12.5.2. Market Share Analysis, 2021
12.5.2.1. By Application
12.6. U.K.
12.6.1. Pricing Analysis
12.6.2. Market Share Analysis, 2021
12.6.2.1. By Application
12.7. France
12.7.1. Pricing Analysis
12.7.2. Market Share Analysis, 2021
12.7.2.1. By Application
12.8. Spain
12.8.1. Pricing Analysis
12.8.2. Market Share Analysis, 2021
12.8.2.1. By Application
12.9. Italy
12.9.1. Pricing Analysis
12.9.2. Market Share Analysis, 2021
12.9.2.1. By Application
12.10. Russia
12.10.1. Pricing Analysis
12.10.2. Market Share Analysis, 2021
12.10.2.1. By Application
12.11. China
12.11.1. Pricing Analysis
12.11.2. Market Share Analysis, 2021
12.11.2.1. By Application
12.12. Japan
12.12.1. Pricing Analysis
12.12.2. Market Share Analysis, 2021
12.12.2.1. By Application
12.13. India
12.13.1. Pricing Analysis
12.13.2. Market Share Analysis, 2021
12.13.2.1. By Application
12.14. South Korea
12.14.1. Pricing Analysis
12.14.2. Market Share Analysis, 2021
12.14.2.1. By Application
12.15. Australia
12.15.1. Pricing Analysis
12.15.2. Market Share Analysis, 2021
12.15.2.1. By Application
12.16. South Africa
12.16.1. Pricing Analysis
12.16.2. Market Share Analysis, 2021
12.16.2.1. By Application
12.17. Saudi Arabia
12.17.1. Pricing Analysis
12.17.2. Market Share Analysis, 2021
12.17.2.1. By Application
12.18. UAE
12.18.1. Pricing Analysis
12.18.2. Market Share Analysis, 2021
12.18.2.1. By Application
12.19. Israel
12.19.1. Pricing Analysis
12.19.2. Market Share Analysis, 2021
12.19.2.1. By Application
13. Market Structure Analysis
13.1. Competition Dashboard
13.2. Competition Benchmarking
13.3. Market Share Analysis of Top Players
13.3.1. By Regional
13.3.2. By Application
14. Competition Analysis
14.1. Competition Deep Dive
14.1.1. 23andMe
14.1.1.1. Overview
14.1.1.2. Product Portfolio
14.1.1.3. Profitability by Market Segments
14.1.1.4. Sales Footprint
14.1.1.5. Strategy Overview
14.1.1.5.1. Marketing Strategy
14.1.2. Color Genomics
14.1.2.1. Overview
14.1.2.2. Product Portfolio
14.1.2.3. Profitability by Market Segments
14.1.2.4. Sales Footprint
14.1.2.5. Strategy Overview
14.1.2.5.1. Marketing Strategy
14.1.3. Counsyl
14.1.3.1. Overview
14.1.3.2. Product Portfolio
14.1.3.3. Profitability by Market Segments
14.1.3.4. Sales Footprint
14.1.3.5. Strategy Overview
14.1.3.5.1. Marketing Strategy
14.1.4. Gene by Gene
14.1.4.1. Overview
14.1.4.2. Product Portfolio
14.1.4.3. Profitability by Market Segments
14.1.4.4. Sales Footprint
14.1.4.5. Strategy Overview
14.1.4.5.1. Marketing Strategy
14.1.5. Laboratory Corporation of America
14.1.5.1. Overview
14.1.5.2. Product Portfolio
14.1.5.3. Profitability by Market Segments
14.1.5.4. Sales Footprint
14.1.5.5. Strategy Overview
14.1.5.5.1. Marketing Strategy
14.1.6. MyMedLab
14.1.6.1. Overview
14.1.6.2. Product Portfolio
14.1.6.3. Profitability by Market Segments
14.1.6.4. Sales Footprint
14.1.6.5. Strategy Overview
14.1.6.5.1. Marketing Strategy
14.1.7. Mapmygenome India
14.1.7.1. Overview
14.1.7.2. Product Portfolio
14.1.7.3. Profitability by Market Segments
14.1.7.4. Sales Footprint
14.1.7.5. Strategy Overview
14.1.7.5.1. Marketing Strategy
14.1.8. Positive Biosciences
14.1.8.1. Overview
14.1.8.2. Product Portfolio
14.1.8.3. Profitability by Market Segments
14.1.8.4. Sales Footprint
14.1.8.5. Strategy Overview
14.1.8.5.1. Marketing Strategy
15. Assumptions & Acronyms Used
16. Research Methodology
List of Tables
Table 1: Global Consumer Genomics Market Value (US$ Mn) Forecast by Region, 2015-2032
Table 2: Global Consumer Genomics Market Value (US$ Mn) Forecast by Application, 2015-2032
Table 3: North America Consumer Genomics Market Value (US$ Mn) Forecast by Country, 2015-2032
Table 4: North America Consumer Genomics Market Value (US$ Mn) Forecast by Application, 2015-2032
Table 5: Latin America Consumer Genomics Market Value (US$ Mn) Forecast by Country, 2015-2032
Table 6: Latin America Consumer Genomics Market Value (US$ Mn) Forecast by Application, 2015-2032
Table 7: Europe Consumer Genomics Market Value (US$ Mn) Forecast by Country, 2015-2032
Table 8: Europe Consumer Genomics Market Value (US$ Mn) Forecast by Application, 2015-2032
Table 9: Asia Pacific Consumer Genomics Market Value (US$ Mn) Forecast by Country, 2015-2032
Table 10: Asia Pacific Consumer Genomics Market Value (US$ Mn) Forecast by Application, 2015-2032
Table 11: Middle East and Africa Consumer Genomics Market Value (US$ Mn) Forecast by Country, 2015-2032
Table 12: Middle East and Africa Consumer Genomics Market Value (US$ Mn) Forecast by Application, 2015-2032
List of Figures
Figure 1: Global Consumer Genomics Market Value (US$ Mn) by Application, 2022-2032
Figure 2: Global Consumer Genomics Market Value (US$ Mn) by Region, 2022-2032
Figure 3: Global Consumer Genomics Market Value (US$ Mn) Analysis by Region, 2015-2032
Figure 4: Global Consumer Genomics Market Value Share (%) and BPS Analysis by Region, 2022-2032
Figure 5: Global Consumer Genomics Market Y-o-Y Growth (%) Projections by Region, 2022-2032
Figure 6: Global Consumer Genomics Market Value (US$ Mn) Analysis by Application, 2015-2032
Figure 7: Global Consumer Genomics Market Value Share (%) and BPS Analysis by Application, 2022-2032
Figure 8: Global Consumer Genomics Market Y-o-Y Growth (%) Projections by Application, 2022-2032
Figure 9: Global Consumer Genomics Market Attractiveness by Application, 2022-2032
Figure 10: Global Consumer Genomics Market Attractiveness by Region, 2022-2032
Figure 11: North America Consumer Genomics Market Value (US$ Mn) by Application, 2022-2032
Figure 12: North America Consumer Genomics Market Value (US$ Mn) by Country, 2022-2032
Figure 13: North America Consumer Genomics Market Value (US$ Mn) Analysis by Country, 2015-2032
Figure 14: North America Consumer Genomics Market Value Share (%) and BPS Analysis by Country, 2022-2032
Figure 15: North America Consumer Genomics Market Y-o-Y Growth (%) Projections by Country, 2022-2032
Figure 16: North America Consumer Genomics Market Value (US$ Mn) Analysis by Application, 2015-2032
Figure 17: North America Consumer Genomics Market Value Share (%) and BPS Analysis by Application, 2022-2032
Figure 18: North America Consumer Genomics Market Y-o-Y Growth (%) Projections by Application, 2022-2032
Figure 19: North America Consumer Genomics Market Attractiveness by Application, 2022-2032
Figure 20: North America Consumer Genomics Market Attractiveness by Country, 2022-2032
Figure 21: Latin America Consumer Genomics Market Value (US$ Mn) by Application, 2022-2032
Figure 22: Latin America Consumer Genomics Market Value (US$ Mn) by Country, 2022-2032
Figure 23: Latin America Consumer Genomics Market Value (US$ Mn) Analysis by Country, 2015-2032
Figure 24: Latin America Consumer Genomics Market Value Share (%) and BPS Analysis by Country, 2022-2032
Figure 25: Latin America Consumer Genomics Market Y-o-Y Growth (%) Projections by Country, 2022-2032
Figure 26: Latin America Consumer Genomics Market Value (US$ Mn) Analysis by Application, 2015-2032
Figure 27: Latin America Consumer Genomics Market Value Share (%) and BPS Analysis by Application, 2022-2032
Figure 28: Latin America Consumer Genomics Market Y-o-Y Growth (%) Projections by Application, 2022-2032
Figure 29: Latin America Consumer Genomics Market Attractiveness by Application, 2022-2032
Figure 30: Latin America Consumer Genomics Market Attractiveness by Country, 2022-2032
Figure 31: Europe Consumer Genomics Market Value (US$ Mn) by Application, 2022-2032
Figure 32: Europe Consumer Genomics Market Value (US$ Mn) by Country, 2022-2032
Figure 33: Europe Consumer Genomics Market Value (US$ Mn) Analysis by Country, 2015-2032
Figure 34: Europe Consumer Genomics Market Value Share (%) and BPS Analysis by Country, 2022-2032
Figure 35: Europe Consumer Genomics Market Y-o-Y Growth (%) Projections by Country, 2022-2032
Figure 36: Europe Consumer Genomics Market Value (US$ Mn) Analysis by Application, 2015-2032
Figure 37: Europe Consumer Genomics Market Value Share (%) and BPS Analysis by Application, 2022-2032
Figure 38: Europe Consumer Genomics Market Y-o-Y Growth (%) Projections by Application, 2022-2032
Figure 39: Europe Consumer Genomics Market Attractiveness by Application, 2022-2032
Figure 40: Europe Consumer Genomics Market Attractiveness by Country, 2022-2032
Figure 41: Asia Pacific Consumer Genomics Market Value (US$ Mn) by Application, 2022-2032
Figure 42: Asia Pacific Consumer Genomics Market Value (US$ Mn) by Country, 2022-2032
Figure 43: Asia Pacific Consumer Genomics Market Value (US$ Mn) Analysis by Country, 2015-2032
Figure 44: Asia Pacific Consumer Genomics Market Value Share (%) and BPS Analysis by Country, 2022-2032
Figure 45: Asia Pacific Consumer Genomics Market Y-o-Y Growth (%) Projections by Country, 2022-2032
Figure 46: Asia Pacific Consumer Genomics Market Value (US$ Mn) Analysis by Application, 2015-2032
Figure 47: Asia Pacific Consumer Genomics Market Value Share (%) and BPS Analysis by Application, 2022-2032
Figure 48: Asia Pacific Consumer Genomics Market Y-o-Y Growth (%) Projections by Application, 2022-2032
Figure 49: Asia Pacific Consumer Genomics Market Attractiveness by Application, 2022-2032
Figure 50: Asia Pacific Consumer Genomics Market Attractiveness by Country, 2022-2032
Figure 51: Middle East and Africa Consumer Genomics Market Value (US$ Mn) by Application, 2022-2032
Figure 52: Middle East and Africa Consumer Genomics Market Value (US$ Mn) by Country, 2022-2032
Figure 53: Middle East and Africa Consumer Genomics Market Value (US$ Mn) Analysis by Country, 2015-2032
Figure 54: Middle East and Africa Consumer Genomics Market Value Share (%) and BPS Analysis by Country, 2022-2032
Figure 55: Middle East and Africa Consumer Genomics Market Y-o-Y Growth (%) Projections by Country, 2022-2032
Figure 56: Middle East and Africa Consumer Genomics Market Value (US$ Mn) Analysis by Application, 2015-2032
Figure 57: Middle East and Africa Consumer Genomics Market Value Share (%) and BPS Analysis by Application, 2022-2032
Figure 58: Middle East and Africa Consumer Genomics Market Y-o-Y Growth (%) Projections by Application, 2022-2032
Figure 59: Middle East and Africa Consumer Genomics Market Attractiveness by Application, 2022-2032
Figure 60: Middle East and Africa Consumer Genomics Market Attractiveness by Country, 2022-2032
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Consumer Genomics Market
