Canada Bioactive Ingredients Market Size & Outlook
Related Markets
Canada bioactive ingredients market highlights
- The Canada bioactive ingredients market generated a revenue of USD 3,757.0 million in 2022 and is expected to reach USD 7,124.6 million by 2030.
- The Canada market is expected to grow at a CAGR of 8.3% from 2023 to 2030.
- In terms of segment, fiber was the largest revenue generating product in 2022.
- Omega 3 PUFA is the most lucrative product segment registering the fastest growth during the forecast period.
Bioactive ingredients market data book summary
| Market revenue in 2022 | USD 3,757.0 million |
| Market revenue in 2030 | USD 7,124.6 million |
| Growth rate | 8.3% (CAGR from 2023 to 2030) |
| Largest segment | Fiber |
| Fastest growing segment | Omega 3 PUFA |
| Historical data | 2018 - 2021 |
| Base year | 2022 |
| Forecast period | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Fiber, Vitamins, Omega 3 PUFA, Plant Extracts, Minerals, Carotenoids & Antioxidants, Probiotics, Other Ingredients |
| Key market players worldwide | Archer-Daniels Midland Co, Basf SE, Cargill, Ingredion Inc, Ajinomoto Co Inc, Owens & Minor Inc, Sensient Technologies Corp, DuPont de Nemours Inc |
Other key industry trends
- In terms of revenue, Canada accounted for 2.2% of the global bioactive ingredients market in 2022.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In North America, U.S. bioactive ingredients market is projected to lead the regional market in terms of revenue in 2030.
- Canada is the fastest growing regional market in North America and is projected to reach USD 7,124.6 million by 2030.
Fiber was the largest segment with a revenue share of 23.62% in 2022. Horizon Databook has segmented the Canada bioactive ingredients market based on fiber, vitamins, omega 3 pufa, plant extracts, minerals, carotenoids & antioxidants, probiotics, other ingredients covering the revenue growth of each sub-segment from 2018 to 2030.
In Canada, bioactive ingredients market is growing at a rapid pace owing to the flourishing cosmetics industry and the rising adoption of personal care and beauty products in the country. The demand for nail, hair, and skin care products has grown substantially in Canada in recent years.
Customers in the country are interested in products such as the Kevin Murphy Hydrate-ME conditioner and shampoo that contain sunflower seed extracts. These extracts provide necessary antioxidants to hair. Additionally, oat, aloe vera, prebiotics, pro-vitamin B5, etc. have been included in the formulation of various products, such as restorative skin treatment itch relief balm offered by Aveeno.
The market for cosmetic bioactive components is expanding in Canada owing to the increased development of natural personal care products and surged manufacturing of men-specific cosmetic products in the country.
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Bioactive Ingredients Market Scope
Bioactive Ingredients Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Ajinomoto Co Inc | View profile | 43318 | 15-1, Kyobashi 1-chome, Chuo-ku, Tokyo, Japan, 104-8315 | http://www.ajinomoto.co.jp |
| Owens & Minor Inc | View profile | 13700 | 9120 Lockwood Boulevard, Mechanicsville, VA, United States, 23116 | https://www.owens-minor.com |
| Cargill | View profile | 10001+ | Minneapolis, Minnesota, United States, North America | http://www.cargill.com |
| Ingredion Inc | View profile | 11600 | 5 Westbrook Corporate Center, Westchester, IL, United States, 60154 | https://www.ingredion.com |
| DuPont de Nemours Inc | View profile | 24000 | 974 Centre Road, Building 730, Wilmington, DE, United States, 19805 | https://www.dupont.com |
| Archer-Daniels Midland Co | View profile | 41802 | 77 West Wacker Drive, Suite 4600, Chicago, IL, United States, 60601 | https://www.adm.com |
| Sensient Technologies Corp | View profile | 3956 | 777 East Wisconsin Avenue, Milwaukee, WI, United States, 53202-5304 | https://www.sensient.com |
| Basf SE | View profile | 111855 | Carl-Bosch-Strasse 38, Ludwigshafen am Rhein, Germany, 67056 | https://www.basf.com |
Canada bioactive ingredients market size, by product, 2018-2030 (US$M)
Canada Bioactive Ingredients Market Outlook Share, 2022 & 2030 (US$M)
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