Canada Probiotics Market Size & Outlook, 2023-2030
Canada probiotics market, 2017-2030 (US$M)
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Canada probiotics market highlights
- The Canada probiotics market generated a revenue of USD 2,542.8 million in 2023 and is expected to reach USD 6,024.8 million by 2030.
- The Canada market is expected to grow at a CAGR of 13.1% from 2024 to 2030.
- In terms of segment, probiotic food & beverages was the largest revenue generating form in 2023.
- Probiotic Dietary Supplements is the most lucrative form segment registering the fastest growth during the forecast period.
Probiotics market data book summary
| Market revenue in 2023 | USD 2,542.8 million |
| Market revenue in 2030 | USD 6,024.8 million |
| Growth rate | 13.1% (CAGR from 2023 to 2030) |
| Largest segment | Probiotic food & beverages |
| Fastest growing segment | Probiotic Dietary Supplements |
| Historical data | 2017 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Probiotic Food & Beverages, Probiotic Dietary Supplements, Animal Feed Probiotics |
| Key market players worldwide | Arla Foods, BioGaia AB Class B, Danone SA, DuPont de Nemours Inc, General Mills Inc, Lifeway Foods Inc, Kerry Group PLC Class A, Nestle SA, Probi AB, Yakult Honsha Co Ltd, Chr. Hansen, i-Health, Lallemand, Mother Dairy |
Other key industry trends
- In terms of revenue, Canada accounted for 2.9% of the global probiotics 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. probiotics market is projected to lead the regional market in terms of revenue in 2030.
- U.S. is the fastest growing regional market in North America and is projected to reach USD 47,205.0 million by 2030.
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Probiotics Market Scope
Probiotics Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Canada probiotics 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 probiotics market will help companies and investors design strategic landscapes.
Probiotic food & beverages was the largest segment with a revenue share of 61.8% in 2023. Horizon Databook has segmented the Canada probiotics market based on probiotic food & beverages, probiotic dietary supplements, animal feed probiotics covering the revenue growth of each sub-segment from 2017 to 2030.
The population of Canada demands food items that are not only inexpensive but are also the most suitable alternative for premium-quality and specialty foods. This implies that buyers in the country are inclined to consume natural, specialty, and organic food items that fall in the middle-aisle category in the largest outlets across Canada.
The surging demand for organic food items, especially from high-income consumers, is driving the growth of retail groceries containing probiotics in the country. The food and drink retail sector of the country is flourishing owing to the increasing population, which creates opportunities for the growth of probiotics in Canada.
Moreover, the increasing awareness among consumers to have healthy food has led to the incorporation of probiotics in animal feed to ensure the health of livestock and prevent diseases caused by meat consumption.
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Our clientele includes a mix of probiotics 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 probiotics market , including forecasts for subscribers. This country databook contains high-level insights into Canada probiotics market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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Canada probiotics market size, by form, 2017-2030 (US$M)
Canada Probiotics Market Outlook Share, 2023 & 2030 (US$M)
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