Nutraceuticals Market in Canada 2024-2028
Nutraceuticals Market In Canada 2024-2028
The nutraceuticals market in Canada is forecasted to grow by USD 7.9 mn during 2023-2028, accelerating at a CAGR of 6.06% during the forecast period. The 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 rising popularity of functional foods, rising healthcare costs and need for preventive healthcare, and increasing awareness of nutraceutical products.
Technavio's nutraceuticals market in Canada is segmented as below:
By Distribution Channel
- Pharmacies
- Online retail stores
- Specialty stores
- Supermarkets or hypermarkets
By Product
- Functional food
- Dietary supplements
- Functional beverages
By Geographical Landscape
This study identifies the rising health consciousness among consumers as one of the prime reasons driving the nutraceuticals market in Canada growth during the next few years. Also, online product penetration and plant-based ingredients gaining traction will lead to sizable demand in the market.
The report on the nutraceuticals market in Canada covers the following areas:
- Nutraceuticals market in Canada sizing
- Nutraceuticals market in Canada forecast
- Nutraceuticals market in Canada industry analysis
The 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 in Canada 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., EID 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, and W. R. Grace and Co.. 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.
The publisher 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. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.