The Canada retail market was valued at USD 795.57 Billion in 2024. The market is further projected to grow at a CAGR of 4.90% between 2025 and 2034, reaching a value of USD 1283.61 Billion by 2034.
Base Year
Historical Year
Forecast Year
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.
Value in USD Billion
2025-2034
Canada Retail Market Outlook
*this image is indicative*
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 Report and Forecast 2025-2034 offers a detailed analysis of the market based on the following segments.
Market Breakup by Product
Market Breakup by Sector
Market Breakup by Distribution Channel
Market Breakup by Region
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.
The key players in the market are investing in strategies to boost their retail network and grab a larger market share.
*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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In 2024, 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 2025 and 2034.
The market is estimated to witness healthy growth in the forecast period of 2025-2034 to USD 1283.61 Billion by 2034.
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.
Explore our key highlights of the report and gain a concise overview of key findings, trends, and actionable insights that will empower your strategic decisions.
| REPORT FEATURES | DETAILS |
| Base Year | 2024 |
| Historical Period | 2018-2024 |
| Forecast Period | 2025-2034 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Product |
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| Breakup by Sector |
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| Breakup by Distribution Channel |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61-448-061-727
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-723-689-1189
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63-287-899-028, +63-967-048-3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84-865-399-124
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