The import of Vitamin B12 to Canada evolved significantly from 2013 to 2023. The import value stood at $13.332 million USD in 2023, reflecting a 4.76% year-on-year growth from 2022. The CAGR over the past five years was 4.16%, indicating steady growth despite some fluctuations.
Future trends suggest a continued upward trajectory with a forecasted 5-year CAGR of 3.31%, leading to a 17.66% growth by 2028. Key factors to watch include global supply chain stability, governmental health policies, and potential market shifts towards alternative health supplements.
