Trade Market Intelligence (TMI) Report: Nutraceutical Product Regulations in Canada and the U.S.

Invest Nova Scotia’s Trade Market Intelligence (TMI) service helps Nova Scotia companies uncover growth opportunities and access the insights they need to succeed.

This report takes a closer look at Natural Health & Personal Care Product Regulations in Canada and the U.S., a sector experiencing rapid growth.

Today, the global wellness market is valued at $1.5 trillion USD and continues to expand at a remarkable pace. With the future of wellness becoming increasingly personalized, digital, and fast-growing, this sector presents significant opportunities for businesses right here in Nova Scotia.

North America is expected to be the most opportunistic during the forecast period. The health and wellness industry in North America is growing as consumer disposable income rises, health consciousnessgrows, and demand for healthy products increase. The presence of leading industry players, as well astheir development plans, have a substantial impact on market growth. The rising incidence of chronicillnesses, along with restricted activity time, highlights the need for the supply of diet, lifestyle, and fitnessinstruction to reduce the impact of these ailments.

Read Nutraceutical Product Regulations in Canada and the U.S.

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