Canada Brain Health Supplements Market Size & Outlook
Canada brain health supplements market, 2017-2030 (US$M)
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Canada brain health supplements market highlights
- The Canada brain health supplements market generated a revenue of USD 189.8 million in 2022 and is expected to reach USD 605.5 million by 2030.
- The Canada market is expected to grow at a CAGR of 15.6% from 2023 to 2030.
- In terms of segment, herbal extract was the largest revenue generating product in 2022.
- Vitamins & Minerals is the most lucrative product segment registering the fastest growth during the forecast period.
Brain health supplements market data book summary
| Market revenue in 2022 | USD 189.8 million |
| Market revenue in 2030 | USD 605.5 million |
| Growth rate | 15.6% (CAGR from 2022 to 2030) |
| Largest segment | Herbal extract |
| Fastest growing segment | Vitamins & Minerals |
| Historical data | 2017 - 2021 |
| Base year | 2022 |
| Forecast period | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Natural Molecules, Herbal Extract, Vitamins & Minerals |
| Key market players worldwide | Unilever PLC, Teva Pharmaceutical Industries Ltd, Natural Factors, Intelligent labs, Accelerated Intelligence, NOW Foods, Health Via Modern Nutrition, Peak Nootropics, AlternaScript |
Other key industry trends
- In terms of revenue, Canada accounted for 2.2% of the global brain health supplements market in 2022.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In North America, U.S. brain health supplements 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 605.5 million by 2030.
Herbal extract was the largest segment with a revenue share of 43.2% in 2022. Horizon Databook has segmented the Canada brain health supplements market based on natural molecules, herbal extract, vitamins & minerals covering the revenue growth of each sub-segment from 2017 to 2030.
The Canadian brain health supplements market has showcased exponential growth in recent years on account of the rising demand for supplements that support cognitive health and boost energy. The COVID-19 outbreak and the growing preference for personalized nutrition have intensified consumers' focus on health and driven the consumption of health supplements, vitamins, and minerals as a preventive measure.
Manufacturers in the country are accessing new retail channels to expand their consumer reach and cater to the rising demand for brain health supplements. Companies are relying on strategic initiatives such as mergers and acquisitions and new product launches to broaden their product portfolio and drive market growth.
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Brain Health Supplements Market Scope
Brain Health Supplements Market Companies
| Name | Profile | # Employees | HQ | Website |
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Canada brain health supplements market size, by product, 2017-2030 (US$M)
Canada Brain Health Supplements Market Outlook Share, 2022 & 2030 (US$M)
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