Canada Nutritional Supplements Market Size & Outlook
Canada nutritional supplements market, 2018-2030 (US$M)
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Canada nutritional supplements market highlights
- The Canada nutritional supplements market generated a revenue of USD 11,823.7 million in 2023 and is expected to reach USD 18,025.0 million by 2030.
- The Canada market is expected to grow at a CAGR of 6.2% from 2024 to 2030.
- In terms of segment, functional foods and beverages was the largest revenue generating product in 2023.
- Sports Nutrition is the most lucrative product segment registering the fastest growth during the forecast period.
Nutritional supplements market data book summary
| Market revenue in 2023 | USD 11,823.7 million |
| Market revenue in 2030 | USD 18,025.0 million |
| Growth rate | 6.2% (CAGR from 2023 to 2030) |
| Largest segment | Functional foods and beverages |
| Fastest growing segment | Sports Nutrition |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Sports Nutrition, Fat Burners, Dietary Supplements, Functional Foods and Beverages |
| Key market players worldwide | Glanbia PLC, Abbott Laboratories, Nestle SA, Herbalife Ltd, Amway Malaysia Holdings, PepsiCo Inc, Clif Bar, Science in Sport, THG PLC Ordinary Share, Chesnara PLC |
Other key industry trends
- In terms of revenue, Canada accounted for 2.9% of the global nutritional 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. nutritional 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 18,025.0 million by 2030.
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Nutritional Supplements Market Scope
Nutritional Supplements Market Companies
| Name | Profile | # Employees | HQ | Website |
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Canada nutritional 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 nutritional supplements market will help companies and investors design strategic landscapes.
Functional foods and beverages was the largest segment with a revenue share of 55.51% in 2023. Horizon Databook has segmented the Canada nutritional supplements market based on sports nutrition, fat burners, dietary supplements, functional foods and beverages covering the revenue growth of each sub-segment from 2018 to 2030.
In Canada, a large number of people do not meet daily requirements of nutrients for the maintenance of health and wellbeing. With changing lifestyle and rising awareness about health & wellbeing, many people are adopting various supplements to maintain their health.
Growing geriatric population and high demand for nutritional supplements across working individuals are anticipated to drive the demand for such nutraceuticals in the country. As per a report by Osteoporosis Canada published in October 2022, more than 2.3 million Canadians had osteoporosis and more than 80% of fractures occur in people aged 50 years & above, which are caused by osteoporosis.
On average, about 1 in 3 women and 1 in 5 men suffer from osteoporotic fractures during their lifetime.
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Horizon Databook provides a detailed overview of country-level data and insights on the Canada nutritional supplements market , including forecasts for subscribers. This country databook contains high-level insights into Canada nutritional supplements market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Canada nutritional supplements market size, by product, 2018-2030 (US$M)
Canada Nutritional Supplements Market Outlook Share, 2023 & 2030 (US$M)
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