The Canadian Functional Foods and Natural Health Products Market to be Driven by Rising Health Concerns During the Forecast Period 2021-2026

Expert Market Research’s new report titled ‘Canada Functional Foods and Natural Health Products Market Report and Forecast 2021-2026’, gives an in-depth analysis of the Canada Functional Foods and Natural Health Products Market, assessing the market based on its product, shape and major regions. The report tracks the latest industry trends and studies their impact on the overall market. It also assesses market dynamics, covering key demand and price indicators, as well as market analysis based on SWOT and Porter’s Five Forces models.

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Key highlights of the report include:

Market Overview (2016-2026)

• Historical market size (2018): 19.35 billion USD

The growth of the Canadian functional foods and natural health products market is accelerating as manufacturers focus on providing supplements rich in protein and vitamins in response to the growing demand for healthy foods and changing consumer lifestyles. It is estimated that more than 45% of Canadians are deficient in omega-3 fatty acids, which puts them at risk of heart attack. In addition, 43.2% of people would be at high risk for heart disease, while only 1.5% were at low risk. A positive outlook for the medical and healthcare industry, owing to the increased use of natural health remedies for the treatment of cardiovascular disorders and poor nutrition, is expected to boost the market growth.

Industry definition and major segments

Micronutrients such as vitamins, minerals, fatty acids, fiber, carbohydrates and other essential components are found in functional foods. Natural health foods are natural compounds containing carotenoids, canola proteins and can be used to restore and maintain health, such as vitamins, minerals and herbs.

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Based on Product, the market is split into:

• Bakery and confectionery
• Dairy products, fish and eggs
• Rapeseed
• Legumes
• Hemp
• Oats
• Barley
• Soy products
• Oils and fats
• Others

Based on form, the industry is segmented into:

• Capsules
• Tablets
• Soft capsules
• Others

On the basis of region, the market is split into:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa

Market trends

Rising geriatric population, increasing medical investment, changing demographics, advancement in diet, improving medical technology and burgeoning health issues are driving the industry Canada for Functional Foods and Natural Health Products. Growing consumer participation in a balanced diet and wellness benefits has resulted in a thriving food and beverage industry, which is expected to continue during the forecast period. Functional foods offer exceptional health benefits due to their nutritional content, which includes omega-3 fatty acids, protein, and fiber. Consumer attitude towards functional ingredients with health and wellness benefits is very positive.

Main market players

The main players in the market are General Mills [NYSE: GIS]GFR Pharma, Herballife [NYSE: HLF], Cargill, Amway, Bremner Foods Ltd, Eurofins Experchem Laboratories, Aroma Borealis, Omega Nutrition Canada, DPA Industries Inc., among others. The report covers market shares, capacities, plant rotations, expansions, investments, and mergers and acquisitions, among other latest developments of these market players.

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Contact: Eliana Grace, Business Consultant
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* At Expert Market Research, we always strive to give you the latest information. The figures in the article are only indicative and may differ from the actual report.

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