Canada Vitamin Supplements Market Size & Outlook
Canada vitamin supplements market, 2017-2030 (US$M)
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Canada vitamin supplements market highlights
- The Canada vitamin supplements market generated a revenue of USD 1,245.4 million in 2022 and is expected to reach USD 1,821.5 million by 2030.
- The Canada market is expected to grow at a CAGR of 4.9% from 2023 to 2030.
- In terms of segment, multivitamin was the largest revenue generating type in 2022.
- Vitamin E is the most lucrative type segment registering the fastest growth during the forecast period.
Vitamin supplements market data book summary
| Market revenue in 2022 | USD 1,245.4 million |
| Market revenue in 2030 | USD 1,821.5 million |
| Growth rate | 4.9% (CAGR from 2022 to 2030) |
| Largest segment | Multivitamin |
| Fastest growing segment | Vitamin E |
| Historical data | 2017 - 2021 |
| Base year | 2022 |
| Forecast period | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Multivitamin, Vitamin A, Vitamin B, Vitamin C, Vitamin D, Vitamin E, Vitamin K |
| Key market players worldwide | Glanbia PLC, Pfizer Inc, Bayer AG, Amway Malaysia Holdings, GlaxoSmithKline, Nestle SA, NOW Foods, Abbott Laboratories, Herbalife Ltd, Natures Sunshine Products Inc, Nu Skin Enterprises Inc Class A, Pharmavite, Good Health, RBK Nutraceuticals |
Other key industry trends
- In terms of revenue, Canada accounted for 2.6% of the global vitamin supplements market in 2022.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In North America, U.S. vitamin 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 1,821.5 million by 2030.
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Vitamin Supplements Market Scope
Vitamin Supplements Market Companies
| Name | Profile | # Employees | HQ | Website |
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Canada vitamin 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 vitamin supplements market will help companies and investors design strategic landscapes.
Multivitamin was the largest segment with a revenue share of 42.28% in 2022. Horizon Databook has segmented the Canada vitamin supplements market based on multivitamin, vitamin a, vitamin b, vitamin c, vitamin d, vitamin e, vitamin k covering the revenue growth of each sub-segment from 2017 to 2030.
The efforts of vitamin, mineral, and herb supplement manufacturers in Canada, in terms of marketing, have been driving consumer awareness regarding vitamin supplements. Such marketing efforts include creating awareness about preventive healthcare while generating opportunities to attract new consumers.
The growing demand for vitamin supplements in Canada is expected to contribute significantly to the growth of the gummies segment over the forecast period. As for multivitamins and vitamin C capsules, tablets are being increasingly consumed in the country and are preferred due to their ease of consumption.
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Our clientele includes a mix of vitamin supplements 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 vitamin supplements market , including forecasts for subscribers. This country databook contains high-level insights into Canada vitamin supplements market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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Canada vitamin supplements market size, by type, 2017-2030 (US$M)
Canada Vitamin Supplements Market Outlook Share, 2022 & 2030 (US$M)
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