Can you make $Money$ in Canada?
Aug 27, 2018
YES! The increasing baby boomer population and growing health awareness among adults is good news for the Canadian nutritional supplement industry. Canada ranks in the Top-10countries for global supplement sales.
The rising aging population have boosted demand for industry products. Plus, Sports Nutrition products have surged in popularity among younger demographics.
Industry value added is forecast to grow at a rate of 4.0% over the next 10-year period.
An estimated 14 million Canadians take vitamins = sales of about $370 million/yr.
This industry in Canada is currently valued at over CAN$3 billion, while vitamin and supplement sales alone are going to reach CAN$1.3 billionin 2017.
Canada is one of the Global Leaders in vitamin and supplement usage. 71% of the population use natural health products and 38% claim to take at least one nutritional supplement every day.
- Canadian Natural Health Products Regulations are some of the world's most stringent when it comes to nutritional supplements. These tight regulations are to ensure only the highest-quality products reach consumers. These Regulations also open your products to the Global market, as many International Health Organizations model their import/sale Regulations after Canada.
Need Help or Want to Learn More?