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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Canada Functional Foods and Natural Health Products Market Outlook
The Canada functional foods and natural health products market stood at a value of USD 28.6 billion in 2023.
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Due to the increasing demand for healthy foods and altering lifestyles of consumers, producers are focused on offering protein and vitamin-rich supplements, which is helping the Canada functional foods and natural health products industry to grow. It is estimated that over 45% of Canadians do not meet the recommended requirement for omega-3 goods, which puts them at risk for heart disease. Also, 43.2% of individuals were estimated to be at an elevated risk of heart diseases, whereas only 1.5% were at low risk.
Properties and Applications
The Canada functional foods and natural health products industry can be divided on the basis of segments like product and form. The industry can be divided based on its product into:
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- Bakery and Confectionery
- Dairy
- Fish and Eggs
- Canola
- Pulses
- Hemp
- Oats
- Barley
- Soy Products
- Oils and Fats
- Other
The industry can be broadly categorised on the basis of its form into capsules, tablets, and soft gels, and others.
Market Analysis
The Canada functional foods and natural health products industry is being driven by the growing geriatric population, rising investment in the healthcare sector, changing lifestyle, food innovation, improved medical technology, and growing health concern. Rising consumer interest in a healthy diet and wellness benefits has led to a thriving food and beverage industry, and the trend is anticipated to continue over the forecast period. Due to their nutritional content, such as omega-3 fatty acids, proteins, and fibres, functional foods provide outstanding health advantages. The consumer’s approach to functional foods with health and wellness advantages is very positive; thus, aiding the industry further.
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Competitive Landscape
The report presents a detailed analysis of the following key players in the Canada functional foods and natural health products industry, looking into their capacity, competitive landscape, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:
- General Mills Inc.
- GFR Pharma Ltd
- Herbalife International, Inc.
- Cargill, Incorporated
- Amway Corp.
- Bremner Foods Ltd
- Eurofins Experchem Laboratories
- Aroma Borealis
- Omega Nutrition Canada
- DPA Industries Inc.
- Others
The EMR report gives an in-depth insight into the industry by providing a SWOT analysis as well as an analysis of Porter’s five forces.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Product |
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| Breakup by Nutrition Type |
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| Breakup by Form |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
The Canada functional foods and natural health products market reached a value of USD 28.6 billion in 2023.
The major drivers of the market include the rising investments in the healthcare sector, evolving habits, nutritional creativity, advanced medical technologies, and growing prevalence of health issues.
The growing consumer interest in a balanced diet and in natural health products are key trends influencing the Canada functional foods and natural health products market.
The major regions in the industry are British Columbia, Alberta, The Prairies, Central Canada, and Atlantic Canada.
The leading products in the market are bakery and confectionery, dairy, fish and eggs, canola, pulses, hemp, oats, barley, soy products, and oil and fats, among others.
The major forms of functional foods and natural health in the market are capsules, tablets, and soft gels, among others.
The key players in the market are General Mills Inc., GFR Pharma Ltd, Herbalife International, Inc., Cargill, Incorporated, Amway Corp., Bremner Foods Ltd, Eurofins Experchem Laboratories, Aroma Borealis, Omega Nutrition Canada, DPA Industries Inc. and Others.
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