Canada Dietary Supplements Market Size & Outlook
Canada dietary supplements market, 2018-2030 (US$M)
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Canada dietary supplements market highlights
- The Canada dietary supplements market generated a revenue of USD 4,222.5 million in 2023 and is expected to reach USD 6,550.9 million by 2030.
- The Canada market is expected to grow at a CAGR of 6.5% from 2024 to 2030.
- In terms of segment, vitamins was the largest revenue generating ingredient in 2023.
- Protiens & Amino Acids is the most lucrative ingredient segment registering the fastest growth during the forecast period.
Dietary supplements market data book summary
| Market revenue in 2023 | USD 4,222.5 million |
| Market revenue in 2030 | USD 6,550.9 million |
| Growth rate | 6.5% (CAGR from 2023 to 2030) |
| Largest segment | Vitamins |
| Fastest growing segment | Protiens & Amino Acids |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Vitamins, Botanicals, Minerals, Protiens & Amino Acids, Fibers & Specialty Carbohydrates, Omega Fatty Acids |
| Key market players worldwide | Amway Malaysia Holdings, Abbott Laboratories, Bayer AG, Glanbia PLC, Pfizer Inc, Archer-Daniels Midland Co, Nu Skin Enterprises Inc Class A, GlaxoSmithKline, Herbalife Ltd, Natures Sunshine Products Inc, DuPont de Nemours Inc, Nestle SA, NOW Foods, RBK Nutraceuticals, Goodhealth |
Other key industry trends
- In terms of revenue, Canada accounted for 2.4% of the global dietary supplements 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. dietary 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 6,550.9 million by 2030.
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Dietary Supplements Market Scope
Dietary Supplements Market Companies
| Name | Profile | # Employees | HQ | Website |
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Canada dietary supplements 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 dietary supplements market will help companies and investors design strategic landscapes.
Vitamins was the largest segment with a revenue share of 29.39% in 2023. Horizon Databook has segmented the Canada dietary supplements market based on vitamins, botanicals, minerals, protiens & amino acids, fibers & specialty carbohydrates, omega fatty acids covering the revenue growth of each sub-segment from 2018 to 2030.
Canadians are becoming more health-conscious, and there is a growing trend towards preventive healthcare. People are increasingly seeking ways to maintain and improve their health, and dietary supplements are viewed as a convenient and accessible means to support overall well-being. This heightened health consciousness has led to a greater demand for vitamins, minerals, herbal extracts, and other dietary supplements.
In July 2022, Health Canada announced new regulations for supplemented foods. The latest guidelines introduce a fresh definition for enhanced foods, categorizing them as food items with additional mineral nutrients, vitamins, amino acids, or other substances not typically present or in quantities exceeding the norm.
Additionally, these regulations mandate that enhanced foods must feature a standardized "Supplemented Food Facts" table, disclosing the precise quantities of each supplemental ingredient included. In cases where specific ingredients are present, labels must offer consumers guidance on precautions and usage instructions associated with these enhanced food products.
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Our clientele includes a mix of dietary supplements market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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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 dietary supplements market , including forecasts for subscribers. This country databook contains high-level insights into Canada dietary supplements market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Canada dietary supplements market size, by ingredient, 2018-2030 (US$M)
Canada Dietary Supplements Market Outlook Share, 2023 & 2030 (US$M)
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