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Report Overview

2023

Base Year

2018-2023

Historical Year

2024-2032

Forecast Year

Canada Retail Market Size

The Canada retail market was valued at USD 795.57 billion in 2023. The market is further projected to grow at a CAGR of 4.90% between 2024 and 2032, reaching a value of USD 1,234.15 billion by 2032.

Canada Retail Market Outlook

  • As per industry reports, in 2022, Canada was home to around 236,235 retail establishments.
  • A significant number of Canadian retail firms have adopted technologies, such as wireless technology and internet-based systems to enhance their business-to-consumer and business-to-business relations.
  • Food manufacturers distribute their products via major chains, including Walmart, Metro, and Loblaws.

Canada Retail Market Growth

Self-service technologies and interactive staff a key to enhancing the retail experiences of Canadian consumers and solidifying their in-store shopping habits. Several grocery stores and pharmacies allow shoppers to scan and pay for their purchases at kiosks bypassing human cashiers. Fashion retailers in Canada attach radio-frequency identification (or RFID) tags to clothing. These tags automatically tabulate a shopper’s purchase when they place their basket at a self-serve checkout. The integration of smart cameras, artificial intelligence, and the Internet of Things is playing a crucial role in the Canadian retail sector.

In 2022, there were more than 27 million eCommerce users in Canada, accounting for around 75% of the Canadian population. This number is anticipated to rise to 77.6% in 2025. According to the Canada retail market analysis, Canadians widely purchase electronics, fashion goods, and furniture online. In 2022, around 59% of Canadians used credit cards when making purchases online while 20% used PayPal. The use of digital wallets is steadily rising and is expected to account for 27% of online payments by 2025.

Canada Retail Market

Canada Retail Industry Segmentation

Canada Retail Market Report and Forecast 2024-2032 offers a detailed analysis of the market based on the following segments.

Market Breakup by Product

  • Food, Beverage and Grocery
  • Personal and Household Care
  • Apparel, Footwear and Accessories
  • Furniture and Home Décor
  • Toys, Hobby, and Household Appliances
  • Industrial and Automotive
  • Electronic, Consumer Durables and IT
  • Pharmaceuticals
  • Others

Market Breakup by Sector

  • Organised
  • Unorganised

Market Breakup by Distribution Channel

  • Hypermarkets/Supermarkets
  • Convenience Stores
  • Online Channels
  • Others

Market Breakup by Region

  • British Columbia
  • Alberta
  • The Prairies
  • Central Canada
  • Atlantic Canada

Canada Retail Market Share

In 2023, the sales revenue of the Canadian beauty market expanded by 18% through September, compared to the same 9-month period in 2022. With beauty new brands entering the market and investing in product innovation, Canadians are increasingly demanding personal care and beauty products, which is aiding the market growth. The demand is also driven as consumers purchase the goods to meet their personal needs as well as for gifting purposes.

Leading Companies in Canada Retail Market

The key players in the market are investing in strategies to boost their retail network and grab a larger market share.

  • Walmart Inc.
  • Amazon.com Inc.
  • Costco Wholesale Corporation
  • The Home Depot, Inc. 
  • George Weston Limited
  • Empire Company Limited 
  • Metro Inc. 
  • Others

Key Highlights of the Report

REPORT FEATURES DETAILS
Base Year 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Scope of the Report

Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:

  • Product
  • Sector
  • Distribution Channel
  • Region
Breakup by Product
  • Food, Beverage and Grocery
  • Personal and Household Care
  • Apparel, Footwear and Accessories
  • Furniture and Home Décor
  • Toys, Hobby, and Household Appliances
  • Industrial and Automotive
  • Electronic, Consumer Durables and IT
  • Pharmaceuticals
  • Others
Breakup by Sector
  • Organised
  • Unorganised
Breakup by Distribution Channel
  • Hypermarkets/Supermarkets
  • Convenience Stores
  • Online Channels
  • Others
Breakup by Region
  • British Columbia
  • Alberta
  • The Prairies
  • Central Canada
  • Atlantic Canada
Market Dynamics
  • SWOT Analysis
  • Porter's Five Forces Analysis
  • Key Indicators for Demand
  • Key Indicators for Price
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • Walmart Inc.
  • Amazon.com Inc.
  • Costco Wholesale Corporation
  • The Home Depot, Inc. 
  • George Weston Limited
  • Empire Company Limited 
  • Metro Inc. 
  • Others

*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*

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Key Questions Answered in the Report

In 2023, the retail market reached an approximate value of USD 795.57 billion.

The market is expected to grow at a CAGR of 4.90% between 2024 and 2032.

The market is estimated to witness healthy growth in the forecast period of 2024-2032 to USD 1,234.15 billion by 2032.

The Canadian retail trade sector comprises establishments engaged in retailing merchandise and rendering services to increase the sale of merchandise.

The products most popularly sold in Canada include foods and beverages, personal care items, electronics, and clothing. Popular food items include dairy products, meat, fish, and fruits and vegetables.

The major drivers of the market include rising demand for beauty and personal care products, expansion of physical and online sales channels, and rising demand for electronics.

Key trends aiding market expansion include the adoption of technology in retail stores to serve customers, rising disposable income, and rising popularity of online sales channels.

Major countries in the market are British Columbia, Alberta, The Prairies, Central Canada, and Atlantic Canada.

The key sectors of retail are organised and unorganised.

Key players in the market are Walmart Inc., Amazon.com Inc., Costco Wholesale Corporation, The Home Depot, Inc., George Weston Limited, Empire Company Limited, Metro Inc., and others.

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+44-753-713-2163

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