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The global Vitamin D supplement market is projected to grow at a CAGR of 7.34% during the forecast period (2022–2027). It is segmented into two (02) product types:
- Vitamin D2 Supplements
- Vitamin D3 Supplements
In Canada, the Vitamin D supplement market has witnessed significant growth in recent years, with over two hundred and fifty (250) active brands approved by Health Canada (HC). Vitamin D supplementation is widely acknowledged for its role in improving bone health, immune function, and overall well-being. The expansion of the industry can be attributed to increasing awareness of these benefits and the prevalence of Vitamin D deficiency among people. In fact, this scenario is an ideal opportunity for manufacturers looking to introduce Vitamin D supplements in the Canadian market, and engaging a Regulatory expert like Freyr can help them achieve a successful market entry.
Vitamin D supplementation proves beneficial for individuals residing in regions like Canada, which have long, dark winters. During the winter months, reduced exposure to sunlight can lead to a decrease in the production of Vitamin D in the body, which potentially increases the risk of deficiency.
The following are some of the key factors that have fuelled the growth of the Vitamin D supplements market in Canada:
- Rising Health Consciousness: Canadians are becoming increasingly health-conscious and proactive in taking care of their well-being. They are aware of the importance of maintaining adequate Vitamin D levels in their bodies, particularly during the long winters when exposure to sunlight is limited.
- Prevalence of Vitamin D Deficiency: Studies have shown that a majority of the Canadian population suffers from insufficient Vitamin D levels, particularly during winter. Limited exposure to sunlight during the harsh and cold winter reduces the body’s ability to naturally produce sufficient quantities of Vitamin D. This has, in turn, led to an increased demand for Vitamin D supplements as a means to address this deficiency.
- The COVID-19 Pandemic: The pandemic period, with subsequent lockdowns and stay-at-home orders, led to increased indoor activities and reduced exposure to sunlight. This left an impact on the body’s ability to naturally produce Vitamin D, subsequently driving the demand for supplements.
- Aging Population: Canada has a growing aging population, and older individuals are more prone to Vitamin D deficiency. As a result, there is a growing demand for Vitamin D supplements among the older population who wish to improve their bone health and reduce the risk of age-related conditions such as osteoporosis.Top of Form
- HC Recommendations: HC has recognized the importance of Vitamin D supplementation, particularly during winter, and has therefore established a set of guidelines outlining appropriate dosage recommendations. These guidelines have played a crucial role in fostering the growth of the industry, as they have streamlined the process of bringing the supplements to the market.
Thus, manufacturers must have a solid awareness of compliance best practices and Health Authorities (HAs)’ regulations. Seeking assistance from a Regulatory service provider to achieve compliance can significantly accelerate the process.
The Canadian market for Vitamin D supplements consists of various manufacturers, including pharmaceutical companies, nutraceutical companies, and dietary supplement brands. These companies produce and distribute a wide range of Vitamin D supplements, including tablets, capsules, soft gels, and liquid formulations.
HC sets guidelines for product safety, labeling, and health claims, and having a solid knowledge of the compliance best practices is important. The Canadian government’s regulations for Vitamin D propose four hundred (400) International Units (IU) daily for infants, six hundred (600) IU daily for children (over one [01] year old) and adults, and eight hundred (800) IU daily for people over seventy (70) years.
It can be concluded that the Vitamin D supplements industry in Canada is on the rise, driven by the increasing awareness of its numerous benefits and the growing importance of preventive healthcare. However, in this dynamic Regulatory landscape, compliance with safety standards and staying up to date with the ever-evolving regulations is crucial.
To navigate the complex Regulatory environment and ensure compliance with the latest requirements, rely on the Freyr team’s expertise. Stay informed, stay compliant, and seize the opportunities in the thriving Vitamin D supplements market! Reach out to Freyr for further details and end-to-end Regulatory support.
