Canada Nutritional Supplements Market Report 2022 to 2030

Canada Nutritional Supplements Market Analysis

$ 3999

By 2030, it is anticipated that the Canada Nutrition and Supplements market will reach a value of $58.62 Bn from $30.52 Bn in 2022, growing at a CAGR of 8.5% during 2022-2030. The market is primarily dominated by local players such as Amway the Hain Celestial Group Inc and Glanbia Performance Nutrition. The market for Nutrition and supplements in Canada is primarily driven by government regulations, increasing customer awareness, and e-commerce platforms. The Canada nutrition and supplements market in Canada is segmented by Type, Product, application, and Distribution Channel.

ID: IN10CAON002 CATEGORY: OTC & Nutraceuticals GEOGRAPHY: Canada AUTHOR: Dr. Vishwa Modhia

Buy Now

Canada Nutrition and Supplements Market Analysis Summary

By 2030, it is anticipated that the Canada Nutrition and Supplements market will reach a value of $58.62 Bn from $30.52 Bn in 2022, growing at a CAGR of 8.5% during 2022-2030.

Single vitamins like vitamins C, E, and D, multivitamins, and mineral supplements are the two types of dietary supplements that are used the most frequently in Canada. Dietary supplements, also known as "Natural Health Products" (NHPs) according to Health Canada, are considered over-the-counter medicines in Canada. Vitamins and minerals, herbal remedies, homeopathic medications, traditional medicines like traditional Chinese medicines (TCMs), probiotics, and other products like amino acids and essential fatty acids (EFAs) are all covered by the NHP Regulations, according to Health Canada.

In an effort to preserve their health, prevent illness, and enhance their general well-being, Canadians are spending more on dietary supplements. As more people learn about the advantages of these supplements and as demand for these products rises, market growth is anticipated to continue.

canada nutrition and supplements market

Market Dynamics

Market Growth Drivers Analysis

The demand for natural and organic dietary supplements has increased along with the popularity of natural and organic products. The popularity of social media and the internet has increased consumers' access to information about dietary supplements and their potential advantages, which has increased demand. The demand for natural and organic dietary supplements has increased along with the popularity of natural and organic products.

Market Restraints

In order to reduce potential health risks, new regulations, strict compositional limits, usage recommendations, and limitations on the kinds of foods that may be supplemented have been put in place. These regulations may have a limited impact on the overall nutrition and supplement market in Canada. Since reimbursement is not guaranteed in this market, fewer customers may choose to buy the products.

Competitive Landscape

Key Players

Glanbia Performance Nutrition (CAN)
The Hain Celestial Group (CAN)
Amway (CAN)
Herbalife Nutrition (CAN)
Nestlé Canada Inc. (CAN)
GNC Canada (CAN)
Shoppers Drug Mart (CAN)
Pharmasave (CAN)
Pfizer Inc
Bayer AG
Nestle Health Science

Notable Recent Deals

March 2021: Edge Nutrition (Canada), a traditional and online retailer of branded all-natural foods, sports, and nutrition specialty supplements aimed at healthy & active lifestyles, keto, paleo, vegan, and fasting conscious, is pleased to announce that Emergence Global Enterprises has completed its acquisition of all of the issued and outstanding capital shares in the capital. Emergence Global Enterprises is a buyer, creator, and builder of reputable natural health consumer foods, products, and brands. Along with its online store, Edge Nutrition currently owns and runs a retail location in Windsor, Ontario.

Healthcare Policies and Reimbursement Scenarios

Under the provisions of the Food and Drugs Act and its regulations, Health Canada is responsible for regulating dietary supplements and nutrition in Canada. Some dietary supplements fall under the category of Natural Health Products (NHPs), which require Health Canada's approval before being marketed in the nation.

In Canada, public healthcare plans typically do not pay for dietary supplements or nutrition. They must be paid out of pocket because they are regarded as personal expenses. Certain vitamins, minerals, or other dietary supplements may be covered by some private insurance plans, but this varies from plan to plan and may also call for a doctor's prescription.

1. Executive Summary
1.1 Product Overview
1.2 Global Scenario
1.3 Country Overview
1.4 Healthcare Scenario in Country
1.5 Government Regulation in Country
1.6 Recent Developments in the Country

2. Market Size and Forecasting
2.1 Epidemiology of Disease
2.2 Market Size (With Excel and Methodology)
2.3 Market Segmentation (Check all Segments in Segmentation Section)

3. Market Dynamics
3.1 Market Drivers
3.2 Market Restraints

4. Competitive Landscape
4.1 Major Market Share

4.2 Key Company Profile (Check all Companies in the Summary Section)

4.2.1 Company
4.2.1.1 Overview
4.2.1.2 Product Applications and Services
4.2.1.3 Recent Developments
4.2.1.4 Partnerships Ecosystem
4.2.1.5 Financials (Based on Availability)

5. Reimbursement Scenario
5.1 Reimbursement Regulation

6. Methodology and Scope

Nutritional Supplements Market Segmentation

The Nutritional Supplements Market is segmented as mentioned below:

By Product (Revenue, USD Billion):

Sports Nutrition
- Sports Food
- Sports Drinks
- Sports Supplements

Fat Burners
- Green Tea
- Fiber
- Protein
- Green Coffee
- Others (Turmeric, Ginseng, Cranberry, Garcinia Cambogia)?

Dietary Supplements
- Vitamins
- Minerals
- Enzymes
- Amino Acids
- Conjugated Linoleic Acids

Functional Foods
- Probiotics
- Omega-3
- Others

By Consumer Group (Revenue, USD Billion):

Infant
Children
Adults
Pregnant
Geriatric

By Formulation (Revenue, USD Billion):

Tablets
Capsules
Powder
Softgels
Liquid
Others

By Delivery Channel (Revenue, USD Billion):

Chemists/Pharmacists
Direct-to-Consumer Sales
E-commerce

Methodology for Database Creation

Our database offers a comprehensive list of healthcare centers, meticulously curated to provide detailed information on a wide range of specialties and services. It includes top-tier hospitals, clinics, and diagnostic facilities across 30 countries and 24 specialties, ensuring users can find the healthcare services they need.

Additionally, we provide a comprehensive list of Key Opinion Leaders (KOLs) based on your requirements. Our curated list captures various crucial aspects of the KOLs, offering more than just general information. Whether you're looking to boost brand awareness, drive engagement, or launch a new product, our extensive list of KOLs ensures you have the right experts by your side. Covering 30 countries and 36 specialties, our database guarantees access to the best KOLs in the healthcare industry, supporting strategic decisions and enhancing your initiatives.

How Do We Get It?

Our database is created and maintained through a combination of secondary and primary research methodologies.

1. Secondary Research

With many years of experience in the healthcare field, we have our own rich proprietary data from various past projects. This historical data serves as the foundation for our database. Our continuous process of gathering data involves:

Analyzing historical proprietary data collected from multiple projects.
Regularly updating our existing data sets with new findings and trends.
Ensuring data consistency and accuracy through rigorous validation processes.

With extensive experience in the field, we have developed a proprietary GenAI-based technology that is uniquely tailored to our organization. This advanced technology enables us to scan a wide array of relevant information sources across the internet. Our data-gathering process includes:

Searching through academic conferences, published research, citations, and social media platforms
Collecting and compiling diverse data to build a comprehensive and detailed database
Continuously updating our database with new information to ensure its relevance and accuracy

2. Primary Research

To complement and validate our secondary data, we engage in primary research through local tie-ups and partnerships. This process involves:

Collaborating with local healthcare providers, hospitals, and clinics to gather real-time data.
Conducting surveys, interviews, and field studies to collect fresh data directly from the source.
Continuously refreshing our database to ensure that the information remains current and reliable.
Validating secondary data through cross-referencing with primary data to ensure accuracy and relevance.

Combining Secondary and Primary Research

By integrating both secondary and primary research methodologies, we ensure that our database is comprehensive, accurate, and up-to-date. The combined process involves:

Merging historical data from secondary research with real-time data from primary research.
Conducting thorough data validation and cleansing to remove inconsistencies and errors.
Organizing data into a structured format that is easily accessible and usable for various applications.
Continuously monitoring and updating the database to reflect the latest developments and trends in the healthcare field.

Through this meticulous process, we create a final database tailored to each region and domain within the healthcare industry. This approach ensures that our clients receive reliable and relevant data, empowering them to make informed decisions and drive innovation in their respective fields.