Canada Functional Foods & Natural Health Products Market - Forecast(2021 - 2026)

Report Code: FBR 20110 Report Format: PDF + Excel (Delivery in 48 Hrs)

Canada Functional Foods & Natural Health Products Market Overview 

Canada Functional Foods & Natural Health Products Market size was valued at $ 18.52 Billion by 2020, and is anticipated to grow at a CAGR of 6.8% during the forecast period 2021-2026. The Canada Functional Foods & Natural Health Products Market growth rate is attributed to the increasing demand for healthy foods and altering lifestyles of consumers, producers are focused on offering protein and vitamin-rich supplements, which is helping the Canada functional foods and natural health products industry to grow and is anticipated to have a favorable impact on the industry through the forecast period 2021-2026. Rising geriatric population, increasing healthcare costs, changing lifestyle, food innovation, medical discoveries, and expectations regarding their higher prices have aided the overall growth.

Canada Functional Foods & Natural Health Products Market Report Coverage

The report: “Canada Functional Foods & Natural Health Products Market Forecast (2020-2025)”, by Industry ARC, covers an in-depth analysis of the following segments of the Canada Functional Foods & Natural Health Products Market:
By Source: Natural and Synthetic.
By Functional Food Type: Bakery & Confectionery, Dairy, Fish & Eggs, Soy, Oils & Fats and Others.
By Natural Health Product Type: Probiotics, Proteins & Amino Acids, Phytochemical & Plant Extracts, Prebiotics, Fibers & Specialty Carbohydrates, Omega-3 Fatty Acids, Carotenoids, Natural Vitamins and Natural Minerals.
By Product Form: Capsules, Tablets, Soft Gels and Others.
By Application: Food and Beverages.

Key Takeaways

  • The factors such as growing consumer interest in the benefits of a healthy diet and wellness is one of the major factors projected to impel growth of Canada Functional Foods & Natural Health Products Market.
  • Rising demand for healthy foods and changing consumer lifestyles, manufacturers are focusing on providing supplements rich in proteins and vitamins are the key factors owing the growth in the segment during forecast period 2021-2026.

Canada Functional Foods & Natural Health Products Market Segment Analysis - By Functional Food Type

On the basis of functional food type, dairy segment held the highest segmental revenue share in 2020. This can be attributed to the fact that the diary-based drinks, spreads, and yogurts are rich in compounds and have good delivery systems for functional foods which has surged the demand of functional foods. Furthermore, these products are anticipated to find applications among working professionals and sports athletes in the form of multivitamin tablets, powder, and liquids over the forecast period 2021-2026.
On the contrary, fats and oils segment is anticipated to witness significant rise along the forecast period 2021-2026 as fats and oils are witnessing an increased application in food and beverage industry owing to the ascending demand for healthy and clean-labeled foods. Furthermore, rising awareness among the elderly population to enhance their body resistance has led to increased expenditure on food items with a substantial amount of fats and oils. 

Canada Functional Foods & Natural Health Products Market Segment Analysis - By Product Form

On the basis of product form, tablets segment accounted for the largest segmental revenue of the Canada Functional Foods & Natural Health Products market in 2020 owing to their cost effectiveness and easy packaging techniques. However the segmental market is poised to witness downfall during the forecast years to the capsules and soft gel segment owing to its bitter taste and the presence of lubricants that are not suitable for consumption.
On the contrary, the capsules are poised to hold the highest growth rate with a CAGR of 6.89% over the forecast period 2021-2026. This is attributed to the fact that Capsules are widely accepted since they enable unique mixes of ingredients, provide protection from sensitive ingredients, reduce gastrointestinal irritation, and ensure oil and fat-soluble nutrient delivery, which positively influence the segmental regional market during the forecast period 2021-2026. However, capsules are expensive and are characterized by significant space and potency limitations, which are anticipated to restrict the growth in the upcoming years.

Canada Functional Foods & Natural Health Products Market Drivers

Growth in health awareness among consumers 

The Canada Functional Foods & Natural Health Products market is poised to receive upswing owing to the consumer consciousness toward healthy food products has been fuelling the market for health food products. Consumers today perceive food products not just as a means to combat hunger, but also to provide essential nutrients to the body, to be able to prevent nutrition deficiency and also improve physical & mental well-being.

Canada Functional Foods & Natural Health Products Market Challenges

Higher cost for functional food products 

Despite several drivers, development and commerce aspects of functional food ingredients are complex, expensive, and uncertain. Moreover, substantial investment is required for the R&D of a strain to be used for the production of new functional ingredients, hence higher cost for functional food products owing to the inclusion of healthier or naturally sourced ingredients is one of the major factor which is to hinder the market growth in the forecast period 2021-2026.

Canada Functional Foods & Natural Health Products Industry Outlook

Product launches, mergers and acquisitions, joint ventures and geographical expansions are key strategies adopted by players in the Canada Functional Foods & Natural Health Products Market. In 2019, Canada Functional Foods & Natural Health Products Market share is fragmented by the top ten players present in the market. 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, Koninklijke DSM N.V. and others.

Acquisitions/Product Launches
  • In November 2017, ADM expanded its product portfolio by introducing Nutriance, a new range of innovative wheat protein concentrates, which find applications in sports nutrition and senior nutrition products.
  • In December 2017, DSM acquired BioCare Copenhagen A/S, through this acquisition; the company expanded its offering in gut health ingredients with probiotics.

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, Market Size and Key Trends
    2.2 Key trends by Functional Food Type
    2.3 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 Patent Analysis – Key Companies
    3.4 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 Source (Market Size –$Million/$Billion)
    8.1 Natural
    8.2 Synthetic
9. Canada Functional Foods & Natural Health Products Market – By Functional Food Type (Market Size –$Million/$Billion)
    9.1 Bakery & Confectionery
    9.2 Dairy
    9.3 Fish & Eggs
    9.4 Soy
    9.5 Oils & Fats
    9.6 Others
10. Canada Functional Foods & Natural Health Products Market – By Natural Health Product Type (Market Size –$Million/$Billion)
    10.1 Probiotics
    10.2 Proteins & Amino Acids
    10.3 Phytochemical & Plant Extracts
    10.4 Prebiotics
    10.5 Fibers & Specialty Carbohydrates
    10.6 Omega-3 Fatty Acids
    10.7 Carotenoids
    10.8 Natural Vitamins
    10.9 Natural Minerals
11. Canada Functional Foods & Natural Health Products Market - By Product Form (Market Size –$Million/$Billion)
    11.1 Capsules
    11.2 Tablets
    11.3 Soft Gels
    11.4 Other
12. Canada Functional Foods & Natural Health Products Market - By Application (Market Size –$Million/$Billion)
    12.1 Food
    12.2 Beverages
13. Canada Functional Foods & Natural Health Products Market - Entropy
14. Canada Functional Foods & Natural Health Products Market Company Analysis
    14.1 Company 1
    14.2 Company 2
    14.3 Company 3
    14.4 Company 4
    14.5 Company 5
    14.6 Company 6
    14.7 Company 7
    14.8 Company 8
    14.9 Company 9
    14.10 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)