Nutraceuticals Market in Canada: A Comprehensive Breakdown of the Entry, Regulatory & Strategic Outlook 2030

Once a niche segment, nutraceuticals is now a fast-growing global industry. And it’s proving to be disruptive, impacting everything from beverage production to lifestyle industry. Even in a tough economic climate, the nutrition industry is growing around the world. The industry is forecasted to have continued growth, although the pace of growth is expected to level off around 6% through 2018.Canada's total nutraceutical market is significant, potentially reaching nearly $7.2 billion by 2019-with sales making up more than half of that. And a new kind of consumer will be buying a good portion of that product: middle-aged, university-educated Canadians juggling many responsibilities and looking for the occasional toke.

Knowledgeable staff, clear pricing, convenience, customer experience, product choice, and product and location safety will all play a key role in their success. Those who get the essentials right could secure a strong competitive advantage.

The insurance solution includes products liability coverage, commercial general liability, cyber, and has the option to include broad product recall, to protect against a wide range of risks such as accidental contamination, malicious product tampering, cyber malicious product tampering, product extortion and government action.Finally, while Canada is well-positioned to become a global leader in nutraceuticals space, the publisher firmly believes that Nutraceuticals have a significant ready base and a robust & sustainable future market potential. Given the traction on promoting natural products and success realized, the publisher presents its strategic market research report titled, “Nutraceuticals market in Canada”.

Globally, nutraceuticals are gaining prominence and becoming a part of the average consumer’s daily diet. The key reasons for this have been the increased incidence of lifestyle diseases the world over, increase in life expectancy and inadequate nutrition due to the current lifestyle choices people make today. In fact, in developing nations, mortality due to nutrition related factors is nearly 40 percent, underscoring the need for nutraceutical products, to balance the nutritional intake of the individual.