Canada Mineral Supplements Market Size & Outlook
Canada mineral supplements market, 2018-2030 (US$M)
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Canada mineral supplements market highlights
- The Canada mineral supplements market generated a revenue of USD 479.2 million in 2023 and is expected to reach USD 712.9 million by 2030.
- The Canada market is expected to grow at a CAGR of 5.8% from 2024 to 2030.
- In terms of segment, calcium was the largest revenue generating product in 2023.
- Calcium is the most lucrative product segment registering the fastest growth during the forecast period.
Mineral supplements market data book summary
| Market revenue in 2023 | USD 479.2 million |
| Market revenue in 2030 | USD 712.9 million |
| Growth rate | 5.8% (CAGR from 2023 to 2030) |
| Largest segment | Calcium |
| Fastest growing segment | Calcium |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Calcium, Magnesium, Iron, Potassium, Zinc, Chromium, Selenium |
| Key market players worldwide | Glanbia PLC, Abbott Laboratories, Nestle SA, Dassault Systemes SE, Herbalife Ltd, Sanofi SA, Amway Malaysia Holdings, Bayer AG, Otsuka Pharmaceutical, DSM, Nu Skin Enterprises Inc Class A, Omega Protein, Bio-Botanica |
Other key industry trends
- In terms of revenue, Canada accounted for 3.0% of the global mineral 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. mineral 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 712.9 million by 2030.
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Mineral Supplements Market Scope
Mineral Supplements Market Companies
| Name | Profile | # Employees | HQ | Website |
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Canada mineral 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 mineral supplements market will help companies and investors design strategic landscapes.
Calcium was the largest segment with a revenue share of 40.48% in 2023. Horizon Databook has segmented the Canada mineral supplements market based on calcium, magnesium, iron, potassium, zinc, chromium, selenium covering the revenue growth of each sub-segment from 2018 to 2030.
The mineral supplements market in Canada is expected to exhibit significant growth over the forecast period due to the presence of several manufacturers, pharmacies, and retailers, such as Well.ca, Supplements Canada, Canadian Protein, and Supplement Source Health ULC, providing mineral supplements in the market.
Moreover, the prevalence of mineral deficiency among Canadians is expected to boost the demand for mineral supplements. For instance, as per the article published by NATURAL CALM CANADA, a provider of mineral supplements, in January 2019, many Canadians did not meet the recommended intake for magnesium.
Furthermore, the article published by the University Of Columbia in November 2022 stated that over 80% of pregnant women investigated were likely iron-deficient. This investigation was conducted in Metro Vancouver, Canada. Thus, the prevalence of mineral deficiency across the country is expected to boost the market growth in Canada over the forecast period.
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Our clientele includes a mix of mineral supplements market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of country-level data and insights on the Canada mineral supplements market , including forecasts for subscribers. This country databook contains high-level insights into Canada mineral supplements market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Canada mineral supplements market size, by product, 2018-2030 (US$M)
Canada Mineral Supplements Market Outlook Share, 2023 & 2030 (US$M)
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