Canada Nutraceutical Contract Manufacturing Services Market Size & Outlook
Canada nutraceutical contract manufacturing services market, 2018-2030 (US$M)
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Canada nutraceutical contract manufacturing services market highlights
- The Canada nutraceutical contract manufacturing services market generated a revenue of USD 2,594.1 million in 2023 and is expected to reach USD 5,887.6 million by 2030.
- The Canada market is expected to grow at a CAGR of 12.4% from 2024 to 2030.
- In terms of segment, tablets was the largest revenue generating service type in 2023.
- Liquid Oral is the most lucrative service type segment registering the fastest growth during the forecast period.
Nutraceutical contract manufacturing services market data book summary
| Market revenue in 2023 | USD 2,594.1 million |
| Market revenue in 2030 | USD 5,887.6 million |
| Growth rate | 12.4% (CAGR from 2023 to 2030) |
| Largest segment | Tablets |
| Fastest growing segment | Liquid Oral |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Tablets, Capsules, Liquid Oral, Powder In Sachet / Jar, Gummies, Energy Bars, Other suitable forms (Diskettes, etc.) |
| Key market players worldwide | Ashland Inc, Glanbia PLC, Herbalife Ltd, Menadiona, Twinlab Consolidated Holdings Inc, Nutrivo, Gemini Pharmaceuticals, Rain Nutrience |
Other key industry trends
- In terms of revenue, Canada accounted for 1.7% of the global nutraceutical contract manufacturing services 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. nutraceutical contract manufacturing services 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 5,887.6 million by 2030.
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Nutraceutical Contract Manufacturing Services Market Scope
Nutraceutical Contract Manufacturing Services Market Companies
| Name | Profile | # Employees | HQ | Website |
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Canada nutraceutical contract manufacturing services 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 nutraceutical contract manufacturing services market will help companies and investors design strategic landscapes.
Tablets was the largest segment with a revenue share of 25.27% in 2023. Horizon Databook has segmented the Canada nutraceutical contract manufacturing services market based on tablets, capsules, liquid oral, powder in sachet / jar, gummies, energy bars, other suitable forms (diskettes, etc.) covering the revenue growth of each sub-segment from 2018 to 2030.
Canada is expected to witness exponential growth over the coming years. Nutraceuticals, also known as Natural Health Products (NHPs) in Canada, include various products, such as vitamins, minerals, herbal cures, homeopathic medications, and other natural supplements.
The Natural Health Products Regulations (NHPR), which went into force in 2004, govern NHPs. The laws and classifications governing dietary supplements, known as NHPs, vary significantly in Canada. Under NHPR, NHPs are governed by Health Canada (HC).
Furthermore, the growing aging population and increasing retail distribution channels are expected to propel market growth. The availability of nutraceutical products through various retail channels, including pharmacies, health food stores, and online platforms, has expanded significantly in recent years.
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Target buyers of Canada nutraceutical contract manufacturing services market databook
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Our clientele includes a mix of nutraceutical contract manufacturing services 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 nutraceutical contract manufacturing services market , including forecasts for subscribers. This country databook contains high-level insights into Canada nutraceutical contract manufacturing services market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Canada nutraceutical contract manufacturing services market size, by service type, 2018-2030 (US$M)
Canada Nutraceutical Contract Manufacturing Services Market Outlook Share, 2023 & 2030 (US$M)
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