Canada Functional Foods Market Size & Outlook, 2023-2030
Canada Functional Foods Market, 2017-2030 (US$M)
Global Market
Related Markets
Canada functional foods market highlights
- The Canada functional foods market generated a revenue of USD 6,228.4 million in 2023 and is expected to reach USD 10,475.7 million by 2030.
- The Canada market is expected to grow at a CAGR of 7.7% from 2024 to 2030.
- In terms of segment, prebiotics & probiotics was the largest revenue generating ingredient in 2023.
- Vitamins is the most lucrative ingredient segment registering the fastest growth during the forecast period.
Functional foods market data book summary
| Market revenue in 2023 | USD 6,228.4 million |
| Market revenue in 2030 | USD 10,475.7 million |
| Growth rate | 7.7% (CAGR from 2023 to 2030) |
| Largest segment | Prebiotics & probiotics |
| Fastest growing segment | Vitamins |
| Historical data | 2017 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Carotenoids, Dietary Fibers, Fatty Acids, Minerals, Prebiotics & Probiotics, Vitamins |
| Key market players worldwide | Coca-Cola Co, Arla Foods, Amway Malaysia Holdings, Herbalife Ltd, Cargill, General Mills Inc, Basf SE |
Other key industry trends
- In terms of revenue, Canada accounted for 1.9% of the global functional foods market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In North America, U.S. functional foods market is projected to lead the regional market in terms of revenue in 2030.
- U.S. is the fastest growing regional market in North America and is projected to reach USD 131,454.8 million by 2030.
Canada is one of the global suppliers of functional foods and natural health products (FFNHP). The market is robust and growing at a faster pace than the overall agriculture and agro-food sector with more than 750 Canadian companies are specializing in this industry.
Canada produces a wide range of functional foods that are of high quality and nutrition owing to the country’s high investments in collaborative teamwork, R&D and abundant natural resources in the country.
The country is renowned for its initiatives such as the development of Saputo, a high protein Milk2Go sports drink and Biscuits Leclerc's Preventia biscuits that are enhanced with red wine and inulin from chicory. Other companies such as HapiFoods has also developed non-genetically modified organisms (GMO), gluten free, organic multi-grain breakfast cereals for specific functional food target markets.
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Functional Foods Market Scope
Functional Foods Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Basf SE | View profile | 111,855 | Carl-Bosch-Strasse 38, Ludwigshafen am Rhein, Germany, 67056 | www.basf.com |
| Herbalife Ltd | View profile | 9,200 | Ugland House, South Church Street, P.O. Box 309GT, Grand Cayman, Cayman Islands, KY1-1104 | www.herbalife.com |
| Cargill | View profile | 10001+ | Minneapolis, Minnesota, United States, North America | www.cargill.com |
| General Mills Inc | View profile | 34,000 | Number One General Mills Boulevard, Minneapolis, MN, United States, 55426 | www.generalmills.com |
| Arla Foods | View profile | 10001+ | Viby, Skane Lan, Sweden, Europe | www.arla.com |
| Amway Malaysia Holdings | View profile | - | Petaling Jaya, Selangor, Malaysia, Asia | www.amway.my |
| Coca-Cola Co | View profile | 79,100 | One Coca-Cola Plaza, Atlanta, GA, United States, 30313 | www.coca-colacompany.com |
| Standard Functional Foods Group | View profile | - | Nashville, Tennessee, United States, North America | www.sffgi.com/ |
| Nutri-Nation Functional Foods | View profile | 51-100 | Port Coquitlam, British Columbia, Canada, North America | nutri-nation.com |
Canada Functional Foods Market Outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to Functional Foods Market Outlook will help companies and investors design strategic landscapes.
Prebiotics & Probiotics was the largest segment with a revenue share of 33.79% in 2023.
Horizon Databook has segmented the Canada functional foods market based on carotenoids, dietary fibers, fatty acids, minerals, prebiotics & probiotics, vitamins covering the revenue growth of each sub-segment from 2017 to 2030.
Canada is one of the global suppliers of functional foods and natural health products (FFNHP). The market is robust and growing at a faster pace than the overall agriculture and agro-food sector with more than 750 Canadian companies are specializing in this industry.
Canada produces a wide range of functional foods that are of high quality and nutrition owing to the country’s high investments in collaborative teamwork, R&D and abundant natural resources in the country.
The country is renowned for its initiatives such as the development of Saputo, a high protein Milk2Go sports drink and Biscuits Leclerc's Preventia biscuits that are enhanced with red wine and inulin from chicory. Other companies such as HapiFoods has also developed non-genetically modified organisms (GMO), gluten free, organic multi-grain breakfast cereals for specific functional food target markets.
- Canada Functional Foods Market Ingredient Outlook (Revenue, USD Million , 2017-2030)
- Carotenoids
- Dietary Fibers
- Fatty Acids
- Minerals
- Prebiotics & Probiotics
- Vitamins
- Others
- Canada Functional Foods Market Product Outlook (Revenue, USD Million , 2017-2030)
- Bakery & Cereals
- Dairy Products
- Meat, Fish, & Eggs
- Soy Products
- Fats & Oils
- Others
- Canada Functional Foods Market Application Outlook (Revenue, USD Million , 2017-2030)
- Sports Nutrition
- Weight Management
- Immunity
- Digestive Health
- Clinical Nutrition
- Cardio Health
- Others
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Horizon Databook provides a detailed overview of country-level data and insights on the Canada Functional Foods Market Outlook, including forecasts for subscribers. This country databook contains high-level insights into Canada Functional Foods Market Outlook from 2017 to 2030, including revenue numbers, major trends, and company profiles.
Canada Functional Foods Market, 2017-2030 (US$M)
Canada functional foods market statistics, by ingredient, 2017-2030 (US$M)
