Canada Dietary Supplements Market to be Dominated by Supermarkets and Hypermarkets through 2028
The increasing concern about health benefits is
expected to drive the growth of Canada dietary supplements market in the
forecast period, 2024-2028.
According to TechSci Research report, “Canada Dietary Supplements
Market - By Region, Competition, Forecast, and Opportunities, 2028”, the Canada dietary supplements market is anticipated to grow at a notable rate
in the forecast period, 2024-2028. This can be ascribed to the rising
demand for nutraceuticals with medical benefits such as managing health issues
like obesity, cardiovascular disease, cancer, cholesterol, arthritis, and
diabetes along with growing preference for personalized nutrition among people who
face gut related issues across the region. Additionally, the rapid advances in
science and technology, increasing healthcare costs, changes in food laws
affecting label and product claims, burgeoning aging population, and rising
interest in attaining wellness through diet will escalate the growth of Canada dietary
supplements market in coming years. Besides, the emergence of new plant-based
proteins such as soy, spirulina, and hemp will further be expected to support
the Canada dietary supplements market growth.
However, the
regulation of dietary supplements in Canada can be complex, and there are
strict regulations on the health claims that can be made which can slowing down
the growth of Canada dietary supplements market in the forecast period.
Similarly, there is a lot of misinformation regarding dietary supplements,
which can lead to confusion among consumers and in result, might hamper the
growth of the Canada dietary supplements market. Also, dietary supplements often
require long-term treatment, and non-adherence can lead to poor health outcomes
such as side effects. While
many dietary supplements are safe when taken as directed, there are still risks
such as side effects associated with their use and interactions with other
medications which can further restrict the growth of Canada dietary supplements
market.
Browse over XX market data
Figures spread through XX
Pages and an in-depth TOC on "Canada Dietary Supplements Market”
The Canada dietary
supplements market can be segmented by product type, form, distribution
channel, application, end user, and region.
Based on application, the Canada dietary
supplements market can be segmented into immunity,
general health, energy & weight management, bone & joint health, and
others. The energy
& weight management segment dominated the market in 2022 and is expected to
continue maintaining its dominance throughout the forecast period. This can be
ascribed to increasing demand for dietary supplements containing proteins and
vitamins in the form of nutrition bars, sports nutrition supplements, and
energy drinks across the region. Health enthusiasts are highly influenced by
such supplements.
Based on distribution channel, the market can
be segmented into pharmacies and drug stores, online, supermarkets
and hypermarkets, and others.
The supermarkets and hypermarkets segment is expected to dominate during the
forecast period on account of the rising awareness related to the promotes the
sales of dietary supplements through mobile and user-friendly websites,
e-mails, paid marketing, affiliate marketing, and paid promotions through
e-commerce websites. This takes lesser time to reach maximum population across
the region when compared to other marketing strategies.
Major companies operating in Canada dietary
supplements market are:
- Pfizer Canada Inc
- Bayer Inc.
- Vitabiotics Ltd
- Herbalife of Canada Ltd
- Glanbia Nutritionals Canada Inc.
- Abbott Products Canada Inc.
- Amway Canada Corp.
- GlaxoSmithKline Inc/Canada
In October 2022, with the launch of the VitaBeans product line, Nestlé
and Natures Bounty entered the Canadian vitamins and supplements market.
Besides being vegetarian, the beans also contain no gluten or gelatin and no
artificial colors or flavors.
In June 2022, Kellogg Company announced that it would split into three
companies focusing on cereals, snacks, and plant-based foods. As reported by
Kellogg's, the "Global Snacking Co" has plans to concentrate on
snacking, cereal, and noodles, as well as frozen breakfasts in North America. A
"North American Cereal Company" will focus on cereal in the United
States, Canada, and the Caribbean, and a "Plant Company" will
specialize in plant-based products, anchored by MorningStar Farms.
In September 2021, Lactalis Canada introduced Astro PROTEIN & FIBRE
Yogurt, a yogurt packed with protein and fiber. Astro PROTEIN & FIBER Yogurt
was launched in four flavors: Pineapple with Oats, Plain with a Touch of Honey
and Oats, Blueberry with a Touch of Honey and Oats, and Vanilla Flavor with
Oats.
Download Free Sample Report
Customers can also request
for 10% free customization on this report.
“Canada
dietary supplements market is expected to grow during the forecast period due
to the rising demand for nutraceuticals with medical benefits along with growing
preference for personalized nutrition across the region. Furthermore, trend of
personalized nutrition is growing, particularly among individuals with
gut-related medical conditions, which further contributes to growth of the Canada
dietary supplements market. Besides, increasing concern about healthy
lifestyles and increasing expenditure on health and wellness is further
expected to create lucrative opportunities for the market growth” said Mr.
Karan Chechi, Research Director with TechSci Research, a research based global
management consulting firm.
“Canada
Dietary Supplements Market By Product Type
(Vitamin, Combination Dietary Supplements, Protein, Herbal Supplements, Fish
Oil & Omega Fatty Acid, Others), By Form (Capsules, Tablets, Powder, Soft
Gels, Liquid), By Distribution Channel (Pharmacies and Drug Stores, Online,
Supermarkets and Hypermarkets, Others), By Application (Immunity, General
Health, Energy & Weight Management, Bone & Joint Health, Others), By
End User (Adults, Geriatric, Pregnant Females, Children, Infants), By Region,
Competition, Forecast, Opportunities, 2028”, has evaluated the future growth potential of Canada dietary
supplements market and provides statistics & information on market size,
structure, and future market growth. The report intends to provide cutting-edge
market intelligence and help decision makers take sound investment decisions.
Besides, the report also identifies and analyzes the emerging trends along with
essential drivers, challenges, and opportunities in Canada dietary supplements
market.
Contact
Mr. Ken Mathews
708 Third Avenue,
Manhattan, NY,
New York – 10017
Tel: +1-646-360-1656
Email: [email protected]
Web: https://www.techsciresearch.com