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Canada Functional Foods and Natural Health Products Market - Forecast(2023 - 2028)
Canada Functional Foods and Natural Health Products Market Overview
Functional Foods & Natural Health Products market size is forecast to reach $19.2 billion by 2026, growing at a CAGR of 6.3% during the forecast period 2021-2026. Functional food offer micronutrient such as vitamins, minerals, fatty acids, fibers carbohydrates and other essential elements. They are medicinal meals that assist to boost immunity and reduce the risk of chronic diseases like diabetes, heart disease, cancer, obesity, and others. Functional foods are highly nutritious and linked to a variety of substantial health benefits. They protect against diseases, avoid vitamin deficiency, and support healthy growth and development. Natural health products are compounds that are found in nature that contain carotenoids, canola-based protein and can be utilised to maintain or restore health that include vitamins, minerals, herbs. The increasing prevalence of cardiovascular diseases such as heart attack, stoke and others coupled with growing consumption of healthy food products are the major factors driving the growth of the market. Increasing awareness about nutritional benefits of functional & natural health products is set to further enhance the overall market development of the Canada Functional Foods & Natural Health Products Market for the period 2021-2026.
Canada Functional Foods and Natural Health Products Market Report Coverage
The report: “Canada Functional Foods & Natural Health Products Market Forecast (2021-2026)”, by Industry ARC, covers an in-depth analysis of the following segments of the Canada Functional Foods & Natural Health Products Market.
By Functional Food Type: Bakery & Confectionery, Dairy, Fish & Eggs, Soy, Oils & Fats, Cereals & grains, Canola based, Hemp based, Others.
By Natural Health Product Type: Probiotics, Proteins & Amino Acids, Natural Vitamins, Fibers Carbohydrates, Carotenoids, Omega-3 Fatty Acids, Others.
By Form: Capsules, Tablets, Soft Gels, Others.
By Application: Sports Nutrition, Weight Management, Digestive Health, Cardio Health, Others.
Key Takeaways
- Canada Functional Foods & Natural Health Products Market is increasing in 2020 owing to increasing spending capacity of the people coupled with rising disposable income of the people. The Canada Functional Foods & Natural Health Products Market scope for different regions will be provided in the final report.
- Increasing prevalence of cardiovascular diseases set to aid the market growth of the Canada Functional Foods & Natural Health Products Market report.
- Detailed analysis of the Strength, Weakness, and Opportunities of the prominent players operating in the market will be provided in the Canada Functional Foods & Natural Health Products Market report.
- High cost of functional food products is poised to create the hurdles for the Canada Functional Foods & Natural Health Products Market.
Canada Functional Foods & Natural Health Products Market Revenue Share, By Form, 2020.
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Canada Functional Foods and Natural Health Products Market Segment Analysis – By Functional Food Type
Dairy held the largest share in the Canada Functional Foods & Natural Health Products Market in 2020 and is estimated to grow at a CAGR 5.1% during the forecast period 2021-2026. Dairy based products are loaded with essential vitamins and minerals, including carbohydrates, protein, calcium, phosphorus, potassium, vitamins A, D, B12, riboflavin and niacin. These products, which come in the form of multivitamin tablets, powder, and liquids, are expected to find use among working professionals and sports athletes thereby dairy are estimated to register the higher CAGR over the period 2021-2026.
Canada Functional Foods and Natural Health Products Market Segment Analysis – By Application
Cardio Health held the largest share in the Canada Functional Foods & Natural Health Products Market in 2020 and is estimated to grow at a CAGR 4.6% during the forecast period 2021-2026. Functional foods considered to be those whole, fortified, enriched or enhanced foods that provide health benefits such as it is effective in prevention of cardiovascular diseases. Functional food ensure good health and longevity as they contain physiologically active components and helps in lowering the risk of heart diseases thereby cardio health are estimated to register the higher CAGR over the period 2021-2026.
Canada Functional Foods and Natural Health Products Market Segment Analysis – By Natural Health Product Type
Carotenoids held the largest share in the Canada Functional Foods & Natural Health Products Market in 2020 and is estimated to grow at a CAGR 4.8% during the forecast period 2021-2026. Carotenoids are naturally occurring pigments found in most plants that provide protection. Plants, algae, and photosynthetic bacteria are the primary sources of these compounds also people and animals must rely on food as a source of these compounds. They are widely utilised in food, feed, and cosmetics as safe, natural colorants thereby carotenoids are estimated to register the higher CAGR over the period 2021-2026.
Canada Functional Foods and Natural Health Products Market Drivers
Increasing Prevalence of Cardiovascular Diseases
Increasing prevalence of cardiovascular diseases among the people is increasing the growth of the Canada Functional Foods & Natural Health Products Market. According to the report published by Heart and Stroke Foundation of Canada, around 35,000 cardiac arrests occur in Canada annually thereby increasing the growth of the Canada Functional Foods & Natural Health Products Market during the forecast period 2021-2026.
Rising Consumption of Functional Food
Increasing consumption of functional food product owing to rising awareness about health among the people is increasing the growth of the Canada Functional Foods & Natural Health Products Market. Consumer health consciousness is increasing as a result of increased awareness of various diseases, nutritional inadequacy, and a desire for healthy ageing, among other factors thereby increasing the growth of the Canada Functional Foods & Natural Health Products Market during the forecast period 2021-2026.
Canada Functional Foods and Natural Health Products Market Challenges
High Cost
The major factor that is set to impede the growth of the Canada Functional Foods & Natural Health Products Market is high prices functional food products compare to other to its alternatives. Another factor which hamper the growth of market is high investment required for R&D for production of new products.
Canada Functional Foods and Natural Health Products Landscape
Product launches, mergers and acquisitions, joint ventures, and R&D activities are key strategies adopted by players in the Canada Functional Foods & Natural Health Products Market. In 2020, the Canada Functional Foods & Natural Health Products Market share is consolidated by the top ten players present in the market. The Canada Functional Foods & Natural Health Products Market, top 10 companies are, General Mills Inc., GFR Pharma, Herbalife, DowDuPont, Archer Daniels Midland Company, BASF SE, Cargill, Arla Foods, Chr. Hansen, and Koninklijke DSM N.V.
Recent Development:
In May 2021, Cargill launched new probiotic EpiCor, which is a dry yeast fermentate and it is clinically proved to modify the gut microbiota and provide immune system support in dietary supplement trials.
Relevant Titles:
Report Code: FBR 0097
Report Code: FBR 0356
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1. Canada Functional Foods & Natural Health Products Market - Overview
1.1 Definitions and Scope
2. Canada Functional Foods & Natural Health Products Market - Executive Summary
2.1 Market Revenue and Key Trends
2.2 Key trends by Functional Food Type
2.3 Key trends by Natural Health Product Type
2.4 Key trends by Form
2.5 Key trends by Application
3. Canada Functional Foods & Natural Health Products Market – Comparative Analysis
3.1 Product Benchmarking – Key Companies
3.2 Financial Analysis – Key Companies
3.3 Market Value Split by Key Companies
3.4 Patent Analysis –
3.5 Pricing Analysis- Average Selling Price
4. Canada Functional Foods & Natural Health Products Market - Startup Companies Scenario Premium
4.1 Key Startup Company Analysis by
4.1.1 Investment
4.1.2 Revenue
4.1.3 Venture Capital and Funding Scenario
5. Canada Functional Foods & Natural Health Products Market – Industry Market Entry Scenario Premium Premium
5.1 Regulatory Framework Overview
5.2 New Business and Ease of Doing business index
5.3 Case Studies of Successful Ventures
6. Canada Functional Foods & Natural Health Products Market Forces
6.1 Market Drivers
6.2 Market Constraints/Challenges
6.3 Porters five force model
6.3.1 Bargaining power of suppliers
6.3.2 Bargaining powers of customers
6.3.3 Threat of new entrants
6.3.4 Rivalry among existing players
6.3.5 Threat of substitutes
7. Canada Functional Foods & Natural Health Products Market – Strategic Analysis
7.1 Value Chain Analysis
7.2 Opportunities Analysis
7.3 Market Life Cycle
8. Canada Functional Foods & Natural Health Products Market – By Functional Food Type(Market Size –$Million/$Billion)
8.1 Bakery & Confectionery
8.2 Dairy
8.3 Fish & Eggs
8.4 Soy
8.5 Oils & Fats
8.6 Cereals & Grains
8.7 Canola based
8.8 Hemp based
8.9 Others
9. Canada Functional Foods & Natural Health Products Market - By Natural Health Product Type (Market Size –$Million/$Billion)
9.1 Probiotics
9.2 Proteins & Amino Acids
9.3 Natural Vitamins
9.4 Fibers and Carbohydrates
9.5 Carotenoids
9.6 Omega-3 Fatty Acids
9.7 Others
10. Canada Functional Foods & Natural Health Products Market - By Form(Market Size –$Million/$Billion)
10.1 Functional Food Type
10.1.1 Capsules
10.1.2 Tablets
10.1.3 Soft Gels
10.1.4 Others
10.2 Natural Health Type
10.2.1 Capsules
10.2.2 Tablets
10.2.3 Soft Gels
10.2.4 Others
11. Canada Functional Foods & Natural Health Products Market - By Application(Market Size –$Million/$Billion)
11.1 Functional Food Type
11.1.1 Sports Nutrition
11.1.2 Weight Management
11.1.3 Digestive Health
11.1.4 Cardio Health
11.1.5 Others
11.2 Natural Health Type
11.2.1 Sports Nutrition
11.2.2 Weight Management
11.2.3 Digestive Health
11.2.4 Cardio Health
11.2.5 Others
12. Canada Functional Foods & Natural Health Products Market - Entropy
13. Canada Functional Foods & Natural Health Products Market Company Analysis
13.1 Company 1
13.2 Company 2
13.3 Company 3
13.4 Company 4
13.5 Company 5
13.6 Company 6
13.7 Company 7
13.8 Company 8
13.9 Company 9
13.10 Company 10
"*Financials for private companies would be provided on a best efforts basis”.
LIST OF TABLES
1.Global Competitive Analysis Market 2019-2024 ($M)1.1 Key Company/Competition Categorization Market 2019-2024 ($M) - Global Industry Research
1.2 Participant Categorisation Market 2019-2024 ($M) - Global Industry Research
1.3 Public Companies Market 2019-2024 ($M) - Global Industry Research
1.4 Private Companies Market 2019-2024 ($M) - Global Industry Research
1.4.1 List of Key Emerging Companies/ Technology Disruptors/ Innovators Market 2019-2024 ($M)
2.Global Competitive Analysis Market 2019-2024 (Volume/Units)
2.1 Key Company/Competition Categorization Market 2019-2024 (Volume/Units) - Global Industry Research
2.2 Participant Categorisation Market 2019-2024 (Volume/Units) - Global Industry Research
2.3 Public Companies Market 2019-2024 (Volume/Units) - Global Industry Research
2.4 Private Companies Market 2019-2024 (Volume/Units) - Global Industry Research
2.4.1 List of Key Emerging Companies/ Technology Disruptors/ Innovators Market 2019-2024 (Volume/Units)
3.North America Competitive Analysis Market 2019-2024 ($M)
3.1 Key Company/Competition Categorization Market 2019-2024 ($M) - Regional Industry Research
3.2 Participant Categorisation Market 2019-2024 ($M) - Regional Industry Research
3.3 Public Companies Market 2019-2024 ($M) - Regional Industry Research
3.4 Private Companies Market 2019-2024 ($M) - Regional Industry Research
3.4.1 List of Key Emerging Companies/ Technology Disruptors/ Innovators Market 2019-2024 ($M)
4.South America Competitive Analysis Market 2019-2024 ($M)
4.1 Key Company/Competition Categorization Market 2019-2024 ($M) - Regional Industry Research
4.2 Participant Categorisation Market 2019-2024 ($M) - Regional Industry Research
4.3 Public Companies Market 2019-2024 ($M) - Regional Industry Research
4.4 Private Companies Market 2019-2024 ($M) - Regional Industry Research
4.4.1 List of Key Emerging Companies/ Technology Disruptors/ Innovators Market 2019-2024 ($M)
5.Europe Competitive Analysis Market 2019-2024 ($M)
5.1 Key Company/Competition Categorization Market 2019-2024 ($M) - Regional Industry Research
5.2 Participant Categorisation Market 2019-2024 ($M) - Regional Industry Research
5.3 Public Companies Market 2019-2024 ($M) - Regional Industry Research
5.4 Private Companies Market 2019-2024 ($M) - Regional Industry Research
5.4.1 List of Key Emerging Companies/ Technology Disruptors/ Innovators Market 2019-2024 ($M)
6.APAC Competitive Analysis Market 2019-2024 ($M)
6.1 Key Company/Competition Categorization Market 2019-2024 ($M) - Regional Industry Research
6.2 Participant Categorisation Market 2019-2024 ($M) - Regional Industry Research
6.3 Public Companies Market 2019-2024 ($M) - Regional Industry Research
6.4 Private Companies Market 2019-2024 ($M) - Regional Industry Research
6.4.1 List of Key Emerging Companies/ Technology Disruptors/ Innovators Market 2019-2024 ($M)
7.MENA Competitive Analysis Market 2019-2024 ($M)
7.1 Key Company/Competition Categorization Market 2019-2024 ($M) - Regional Industry Research
7.2 Participant Categorisation Market 2019-2024 ($M) - Regional Industry Research
7.3 Public Companies Market 2019-2024 ($M) - Regional Industry Research
7.4 Private Companies Market 2019-2024 ($M) - Regional Industry Research
7.4.1 List of Key Emerging Companies/ Technology Disruptors/ Innovators Market 2019-2024 ($M)
LIST OF FIGURES
1.US Canada Functional Foods & Natural Health Products Market Revenue, 2019-2024 ($M)2.Canada Canada Functional Foods & Natural Health Products Market Revenue, 2019-2024 ($M)
3.Mexico Canada Functional Foods & Natural Health Products Market Revenue, 2019-2024 ($M)
4.Brazil Canada Functional Foods & Natural Health Products Market Revenue, 2019-2024 ($M)
5.Argentina Canada Functional Foods & Natural Health Products Market Revenue, 2019-2024 ($M)
6.Peru Canada Functional Foods & Natural Health Products Market Revenue, 2019-2024 ($M)
7.Colombia Canada Functional Foods & Natural Health Products Market Revenue, 2019-2024 ($M)
8.Chile Canada Functional Foods & Natural Health Products Market Revenue, 2019-2024 ($M)
9.Rest of South America Canada Functional Foods & Natural Health Products Market Revenue, 2019-2024 ($M)
10.UK Canada Functional Foods & Natural Health Products Market Revenue, 2019-2024 ($M)
11.Germany Canada Functional Foods & Natural Health Products Market Revenue, 2019-2024 ($M)
12.France Canada Functional Foods & Natural Health Products Market Revenue, 2019-2024 ($M)
13.Italy Canada Functional Foods & Natural Health Products Market Revenue, 2019-2024 ($M)
14.Spain Canada Functional Foods & Natural Health Products Market Revenue, 2019-2024 ($M)
15.Rest of Europe Canada Functional Foods & Natural Health Products Market Revenue, 2019-2024 ($M)
16.China Canada Functional Foods & Natural Health Products Market Revenue, 2019-2024 ($M)
17.India Canada Functional Foods & Natural Health Products Market Revenue, 2019-2024 ($M)
18.Japan Canada Functional Foods & Natural Health Products Market Revenue, 2019-2024 ($M)
19.South Korea Canada Functional Foods & Natural Health Products Market Revenue, 2019-2024 ($M)
20.South Africa Canada Functional Foods & Natural Health Products Market Revenue, 2019-2024 ($M)
21.North America Canada Functional Foods & Natural Health Products By Application
22.South America Canada Functional Foods & Natural Health Products By Application
23.Europe Canada Functional Foods & Natural Health Products By Application
24.APAC Canada Functional Foods & Natural Health Products By Application
25.MENA Canada Functional Foods & Natural Health Products By Application
26.GFR Pharma, Sales /Revenue, 2015-2018 ($Mn/$Bn)
27.Herballife, Sales /Revenue, 2015-2018 ($Mn/$Bn)
28.Cargill, Sales /Revenue, 2015-2018 ($Mn/$Bn)
29.Amway, Sales /Revenue, 2015-2018 ($Mn/$Bn)
30.Bremner Foods Ltd, Sales /Revenue, 2015-2018 ($Mn/$Bn)
31.Eurofins Experchem Laboratories, Sales /Revenue, 2015-2018 ($Mn/$Bn)
32.Aroma Borealis, Sales /Revenue, 2015-2018 ($Mn/$Bn)
33.Omega Nutrition, Sales /Revenue, 2015-2018 ($Mn/$Bn)
34.DPA Industries Inc., Sales /Revenue, 2015-2018 ($Mn/$Bn)