Canada Sports Nutrition Market Size & Outlook, 2023-2030
Canada sports nutrition market, 2018-2030 (US$M)
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Canada sports nutrition market highlights
- The Canada sports nutrition market generated a revenue of USD 1,277.5 million in 2023 and is expected to reach USD 2,100.3 million by 2030.
- The Canada market is expected to grow at a CAGR of 7.4% from 2024 to 2030.
- In terms of segment, sports supplements was the largest revenue generating product in 2023.
- Sports Foods is the most lucrative product segment registering the fastest growth during the forecast period.
Sports nutrition market data book summary
| Market revenue in 2023 | USD 1,277.5 million |
| Market revenue in 2030 | USD 2,100.3 million |
| Growth rate | 7.4% (CAGR from 2023 to 2030) |
| Largest segment | Sports supplements |
| Fastest growing segment | Sports Foods |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Sports Supplements, Sports Drinks, Sports Foods, Meal Replacement Products, Weight Loss Product |
| Key market players worldwide | Iovate Health Sciences International, Abbott Laboratories, Quest Nutrition, PepsiCo Inc, Mondelez International Inc Class A, The Coca-Cola Company, MusclePharm Corp, The Bountiful Company, Post Holdings Inc, Nestle SA |
Other key industry trends
- In terms of revenue, Canada accounted for 2.8% of the global sports nutrition 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. sports nutrition 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 2,100.3 million by 2030.
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Sports Nutrition Market Scope
Sports Nutrition Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Canada sports nutrition 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 sports nutrition market will help companies and investors design strategic landscapes.
Sports supplements was the largest segment with a revenue share of 54.43% in 2023. Horizon Databook has segmented the Canada sports nutrition market based on sports supplements, sports drinks, sports foods, meal replacement products, weight loss product covering the revenue growth of each sub-segment from 2018 to 2030.
Rise in demand for innovative, effective, novel, and proven ingredients, which aid in increasing endurance and building muscle is expected to drive demand for sports nutrition products in Canada. Early adoption of sports nutrition by bodybuilders and athletes was observed in the country.
Sports nutrition companies in the country are targeting the growing consumers of lifestyle category (mainly young, affluent consumers who invest heavily in fitness, as a fundamental aspect of healthy, high performance lifestyle) and recreational users (athletes & gym goers).
Various sports nutrition manufacturers in the country are creating high demand for their products, such as sports drinks, supplements, and foods, by making their products more accessible to a wide consumer group, by selling them through mass-market retail outlets, such as supermarkets, convenience stores, and hypermarkets.
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Horizon Databook provides a detailed overview of country-level data and insights on the Canada sports nutrition market , including forecasts for subscribers. This country databook contains high-level insights into Canada sports nutrition market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Canada sports nutrition market size, by product, 2018-2030 (US$M)
Canada Sports Nutrition Market Outlook Share, 2023 & 2030 (US$M)
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