Canada Nutraceuticals Market 2023-2027

Nutraceuticals Market in Canada 2023-2027

Technavio has been monitoring the nutraceuticals market in Canada and is forecast to grow by $7.95 bn during 2022-2027, accelerating at a CAGR of 6.38% during the forecast period. Our report on the nutraceuticals market in Canada provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by the rising popularity of functional foods, healthcare costs continue to rise, and increasing awareness of nutraceutical products.

Technavio's nutraceuticals market in Canada is segmented as below:

By Product

• Functional food
• Dietary supplements
• Functional beverages

By Distribution Channel

• Pharmacies
• Online retail stores
• Specialty stores
• Supermarkets/hypermarkets

This study identifies the rising health consciousness among consumers as one of the prime reasons driving the nutraceuticals market growth during the next few years. Also, online product penetration and plant-based ingredients gaining traction will lead to sizable demand in the market.

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters. Our report on the nutraceuticals market in Canada covers the following areas:

• Nutraceuticals market sizing
• Nutraceuticals market forecast
• Nutraceuticals market industry analysis

Technavio's robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading nutraceuticals market vendors that include Advanced Orthomolecular Research Inc., Amway Corp., Archer Daniels Midland Co., Arkopharma Laboratories, Bactolac Pharmaceutical Inc., Cargill Inc., Danone SA, DuPont de Nemours Inc., E.I.D. Parry India Ltd., General Mills Inc., Innophos Holdings Inc., Koninklijke DSM NV, Matsun Nutrition Inc., Mead Johnson and Co. LLC, Natrol LLC, Nestle SA, The Hain Celestial Group Inc., Valensa International, W. R. Grace and Co., and Herbalife Nutrition Ltd. Also, the nutraceuticals market in Canada analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. Technavio's market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.