The Canada functional foods and natural health products market size is
projected to reach USD 30.32 billion by 2025, according to a new report by
Grand View Research, Inc. It is anticipated to expand at a CAGR of 7.5% during
the forecast period. Rising prevalence of chronic diseases such as arthritis,
cardiovascular problems, and diabetes coupled with the advantages associated
with plant-extracted drugs over synthetic drugs are the factors expected to
propel the overall demand.
Additionally, introduction of innovative
products and technological advancements in health and wellness industry are
anticipated to boost the market growth. A majority of food manufacturing
companies have started using prebiotics as the primary ingredient to provide
better nourishment and reduce health problems caused by harmful bacteria.
Increasing demand for high functional foods to boost immunity and digestion is
expected to drive the segment over the forecast period.
Although the presence of stringent
regulations pertaining to the use of prebiotics and other dietary supplements
is expected to restrict the segment growth, increasing involvement of
regulating bodies in healthcare sector is expected to stimulate the growth in
the forthcoming years.
Dairy products had the highest penetration
in 2018 in terms of value. Milk-based drinks, spreads, and yogurts are rich in
compounds and have good delivery systems for functional foods. Milk and dairy
products contain constituents such as bioactive peptides, proteins, conjugated
linoleic acid, calcium, omega-3 fatty acids, and vitamin D. These constituents
have proven to show remarkable results including anti-carcinogenic,
antihypertensive, anti-inflammatory, immune-modulating, hypocholesterolemic,
and antimicrobial properties. These constituents help lower cholesterol
absorption, drastically reduce blood pressure, and also reduces obesity-related
metabolic disorders which is anticipated to boost the product demand during the
forecast period.
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https://www.grandviewresearch.com/industry-analysis/canada-functional-foods-natural-health-products-market
https://www.grandviewresearch.com/industry-analysis/canada-functional-foods-natural-health-products-market
Further key findings from the report suggest:
· Phytochemical and plant extracts segment is
expected to lead with a 15% market share of natural health products by 2025,
owing to rising prevalence of chronic diseases such as arthritis,
cardiovascular problems, and diabetes as well as the advantages associated with
plant-extracted drugs over synthetic drugs
· Tablets are the most commonly used type of
natural health products owing to their cost effectiveness. Canada natural
health tablets market is expected to expand at a CAGR of 7.5% over the forecast
period. High availability of multivitamin products in the form of tablets on
account of easy dosage patterns is expected to have a positive impact on the
segment growth
· Manufacturers are highly fragmented and are
looking for new channels to reach a wide range of customers. The Canada
functional foods and natural health products market is led by small and medium
enterprises. Some of the manufacturers are Absorb Science Inc.; Bio Lonreco
Inc.; CanCap Pharmaceutical Ltd.; JP Vitale; Nutra Canada; Earth Notions Inc.;
and others
Grand View Research has segmented the
Canada functional foods and natural health products market on the basis of
product and form:
Canada Functional Foods Product Outlook
(Revenue, USD Million, 2014 - 2025)
·
Bakery & Confectionery
·
Dairy
·
Fish & Eggs
·
Canola-based
·
Pulses-based
·
Hemp-based
·
Flax-based
·
Oats-based
·
Barley-based
·
Soy
·
Oils & Fats
·
Others
Canada Natural Health Products Outlook
(Revenue, USD Million, 2014 - 2025)
·
Probiotics
·
Proteins & Amino Acids
·
Phytochemical & Plant Extracts
·
Prebiotics
·
Fibers & Specialty Carbohydrates
·
Omega-3 Fatty Acids
·
Carotenoids
·
Natural Vitamins
·
Natural Minerals
Canada Natural Health Products Form Outlook
(Revenue, USD Million, 2014 - 2025)
·
Capsules
·
Tablets
·
Soft gels
·
Others
About Grand View Research
Grand View Research, Inc. is a
U.S. based market research and consulting company, registered in the State of California
and headquartered in San Francisco. The company provides syndicated
research reports, customized research reports, and consulting services. To help
clients make informed business decisions, we offer market intelligence studies
ensuring relevant and fact-based research across a range of industries, from
technology to chemicals, materials and healthcare.
