Canada Gummy Market Size & Outlook, 2023-2030
Canada gummy market, 2018-2030 (US$M)
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Canada gummy market highlights
- The Canada gummy market generated a revenue of USD 244.0 million in 2023 and is expected to reach USD 652.4 million by 2030.
- The Canada market is expected to grow at a CAGR of 15.1% from 2024 to 2030.
- In terms of segment, vitamins was the largest revenue generating product in 2023.
- CBD/CBN is the most lucrative product segment registering the fastest growth during the forecast period.
Gummy market data book summary
| Market revenue in 2023 | USD 244.0 million |
| Market revenue in 2030 | USD 652.4 million |
| Growth rate | 15.1% (CAGR from 2023 to 2030) |
| Largest segment | Vitamins |
| Fastest growing segment | CBD/CBN |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Vitamins, Minerals, Carbohydrates, Omega Fatty Acids, Proteins & Amino Acids, Probiotics & Prebiotics, Dietary Fibers, CBD/CBN, Psylocybin/Psychedelic Mushroom, Melotonin |
| Key market players worldwide | Procaps Group SA, Catalent Inc, NutraStar, Santa Cruz Nutritionals, Amapharm, Allseps, Boscogen, Better Nutritionals, Prime Health, AJES Pharmaceuticals, Lactonova, SMP Nutra, Superior Supplement Manufacturing, Well Aliments, Supplement Factory |
Other key industry trends
- In terms of revenue, Canada accounted for 2.5% of the global gummy 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. gummy 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 652.4 million by 2030.
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Gummy Market Scope
Gummy Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Canada gummy 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 gummy market will help companies and investors design strategic landscapes.
Vitamins was the largest segment with a revenue share of 25.94% in 2023. Horizon Databook has segmented the Canada gummy market based on vitamins, minerals, carbohydrates, omega fatty acids, proteins & amino acids, probiotics & prebiotics, dietary fibers, cbd/cbn, psylocybin/psychedelic mushroom, melotonin covering the revenue growth of each sub-segment from 2018 to 2030.
The increased consumption of gummy supplements in Canada can be attributed to several factors and trends. These include a growing interest in health and wellness, the appeal of gummies as a more palatable and pleasant alternative to traditional supplement formats, and the convenience associated with gummy supplements, especially for children or adults who may have difficulty swallowing pills.
In addition, the increasing demand for natural and organic gummy supplements offers the Canada gummy market with strong growth opportunities. Increased marketing efforts by supplement manufacturers and greater availability of gummy supplements in pharmacies, health food stores, and online platforms have increased their popularity among Canadian consumers.
For instance, in June 2022, Honibe, a Canadian company, unveiled its latest offerings, including Apple Cider Vinegar Gummie Bees, collectible Williams Racing products, and a partnership with the iconic fashion doll brand Barbie. Honibe products are made without artificial colors, sweeteners, flavors, or preservatives.
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Horizon Databook provides a detailed overview of country-level data and insights on the Canada gummy market , including forecasts for subscribers. This country databook contains high-level insights into Canada gummy market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Canada gummy market size, by product, 2018-2030 (US$M)
Canada Gummy Market Outlook Share, 2023 & 2030 (US$M)
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