|$420||CDN millions in sales|
Data compiled for the Québec City metropolitan region
The potential market for health food or functional food should reach CDN $3 billion in Canada by 2012. Québec alone represents more than 19% of Canada's functional foods. With annual growth expected between 6% to 8%, the nearby American market offers plentiful opportunities.
A unique Canadian research center, the Institute of Nutraceuticals and Functional Foods (INAF) is located in the heart of Québec City's metropolitan region. Biochemists, nutritional engineers, nutritionists, doctors and pharmacologists perform research in food and nutrition as well as in disease prevention and the effects of aging. This state-of-the-art research center brings companies to the forefront of new markets and consumer trends by developing new health foods suitable for both gourmets and global consumers.
The member companies of the Québec City Health Food Consortium foster the development, production, processing and marketing of new health foods.
According to KPMG's 2010 study, Competitive Alternatives, the food processing sector of Québec City's metropolitan region ranks first. The region's companies benefit from a 3% advantage in start-up and operational costs.
The Québec City metropolitan region has a lot to offer. To find out more, read our brochure Invest in the Quebec City metropolitan region or the Choose Québec section to learn more :