Canada Botanical Ingredients Market Size & Outlook
Canada botanical ingredients market, 2018-2030 (US$M)
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Canada botanical ingredients market highlights
- The Canada botanical ingredients market generated a revenue of USD 13,684.5 million in 2023 and is expected to reach USD 21,872.0 million by 2030.
- The Canada market is expected to grow at a CAGR of 6.9% from 2024 to 2030.
- In terms of segment, powder was the largest revenue generating form in 2023.
- Liquid is the most lucrative form segment registering the fastest growth during the forecast period.
Botanical ingredients market data book summary
| Market revenue in 2023 | USD 13,684.5 million |
| Market revenue in 2030 | USD 21,872.0 million |
| Growth rate | 6.9% (CAGR from 2023 to 2030) |
| Largest segment | Powder |
| Fastest growing segment | Liquid |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Powder, Liquid |
| Key market players worldwide | Adesso SE, Lipoid, International Flavors & Fragrances Inc, The Green Labs, DSM |
Other key industry trends
- In terms of revenue, Canada accounted for 7.8% of the global botanical ingredients market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In North America, U.S. botanical ingredients market is projected to lead the regional market in terms of revenue in 2030.
- Canada is the fastest growing regional market in North America and is projected to reach USD 21,872.0 million by 2030.
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Botanical Ingredients Market Scope
Botanical Ingredients Market Companies
| Name | Profile | # Employees | HQ | Website |
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Canada botanical ingredients 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 botanical ingredients market will help companies and investors design strategic landscapes.
Powder was the largest segment with a revenue share of 65.02% in 2023. Horizon Databook has segmented the Canada botanical ingredients market based on powder, liquid covering the revenue growth of each sub-segment from 2018 to 2030.
The botanical ingredients market in Canada is expected to experience the highest growth rate of 6.9% over the forecast period, by revenue. This is due to the increasing demand for healthy and clean label food products by the millennial population in the country.
The demand for botanical ingredients has been growing in the country due to the rapidly growing demand for natural and organic products. Shifting preference from synthetically derived dietary supplements to naturally occurring herbs by botanical ingredient manufacturers in Canada is expected to positively impact the market over the forecast years.
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Target buyers of Canada botanical ingredients market databook
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Our clientele includes a mix of botanical ingredients market companies, investment firms, advisory firms & academic institutions.
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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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Horizon Databook provides a detailed overview of country-level data and insights on the Canada botanical ingredients market , including forecasts for subscribers. This country databook contains high-level insights into Canada botanical ingredients market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Canada botanical ingredients market size, by form, 2018-2030 (US$M)
Canada Botanical Ingredients Market Outlook Share, 2023 & 2030 (US$M)
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