Canada Nutraceuticals Market Size & Outlook, 2024-2030
Canada nutraceuticals market, 2018-2030 (US$M)
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Canada nutraceuticals market highlights
- The Canada nutraceuticals market generated a revenue of USD 7,874.3 million in 2023 and is expected to reach USD 14,033.1 million by 2030.
- The Canada market is expected to grow at a CAGR of 8.6% from 2024 to 2030.
- In terms of segment, probiotics was the largest revenue generating ingredient in 2023.
- Probiotics is the most lucrative ingredient segment registering the fastest growth during the forecast period.
Nutraceuticals market data book summary
| Market revenue in 2023 | USD 7,874.3 million |
| Market revenue in 2030 | USD 14,033.1 million |
| Growth rate | 8.6% (CAGR from 2023 to 2030) |
| Largest segment | Probiotics |
| Fastest growing segment | Probiotics |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Aloe vera, Amino acids, Botanical Ingredients, Cannabidiol, Carbohydrates, Carnitine, Food Color, Carotenoids, Spirulina, Collagen, Colostrum, Cultures and fermentation starters, Dairy ingredients, Emulsifiers, Enzymes, Essential oils, Fat replacers, Fats and oils, Fibres, Flavours, Fruit and vegetable products, Glucosamine / Chondroitin, Isoflavones, Juices and concentrates, Krill, Lipids / Fatty Acids, Marine ingredients, Minerals, Omega-3s, Prebiotics, Probiotics, Proteins, Sweeteners, Vitamins, Whey proteins |
| Key market players worldwide | DSM, Alticor Corporate Enterprises, Pfizer Inc, Nestle SA, The Kraft Heinz Co, The Hain Celestial Group Inc, Nature's Brands, General Mills Inc, Danone SA, Tyson Foods Inc Class A |
Other key industry trends
- In terms of revenue, Canada accounted for 2.5% of the global nutraceuticals 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. nutraceuticals market is projected to lead the regional market in terms of revenue in 2030.
- Mexico is the fastest growing regional market in North America and is projected to reach USD 26,569.1 million by 2030.
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Nutraceuticals Market Scope
Nutraceuticals Market Companies
| Name | Profile | # Employees | HQ | Website |
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Canada nutraceuticals 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 nutraceuticals market will help companies and investors design strategic landscapes.
Probiotics was the largest segment with a revenue share of 24.66% in 2024. Horizon Databook has segmented the Canada nutraceuticals market based on aloe vera, amino acids, botanical ingredients, cannabidiol, carbohydrates, carnitine, food color, carotenoids, spirulina, collagen, colostrum, cultures and fermentation starters, dairy ingredients, emulsifiers, enzymes, essential oils, fat replacers, fats and oils, fibres, flavours, fruit and vegetable products, glucosamine / chondroitin, isoflavones, juices and concentrates, krill, lipids / fatty acids, marine ingredients, minerals, omega-3s, prebiotics, probiotics, proteins, sweeteners, vitamins, whey proteins covering the revenue growth of each sub-segment from 2018 to 2030.
The efforts of manufacturers of vitamins, minerals, herbs, and supplements (VMHS) in Canada, in terms of marketing, have been driving consumer awareness regarding digestive health supplements. Such marketing efforts include creating awareness about preventive healthcare while creating opportunities to attract new consumers.
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Our clientele includes a mix of nutraceuticals 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 nutraceuticals market , including forecasts for subscribers. This country databook contains high-level insights into Canada nutraceuticals market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Canada nutraceuticals market size, by ingredient, 2018-2030 (US$M)
Canada Nutraceuticals Market Outlook Share, 2024 & 2030 (US$M)
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