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Canada Retail Market Size, Share, Trends, Report, Analysis: By Product: Food, Beverage and Grocery, Personal and Household Care, Apparel, Footwear and Accessories, Furniture and Home Décor, Toys, Hobby, and Household Appliances, Others; By Sector; By Distribution Channel; Regional Analysis; Competitive Landscape; 2024-2032
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 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:
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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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*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.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
7 Opportunities and Challenges in the Market
8 North America Retail Market Overview
8.1 Key Industry Highlights
8.2 North America Retail Historical Market (2018-2023)
8.3 North America Retail Market Forecast (2024-2032)
8.4 North America Retail Market Share by Country
8.4.1 United States
8.4.2 Canada
9 Canada Retail Market Overview
9.1 Key Industry Highlights
9.2 Canada Retail Historical Market (2018-2023)
9.3 Canada Retail Market Forecast (2024-2032)
10 Canada Retail Market by Product
10.1 Food, Beverage and Grocery
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Personal and Household Care
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 Apparel, Footwear and Accessories
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Furniture and Home Décor
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Toys, Hobby, and Household Appliances
10.5.1 Historical Trend (2018-2023)
10.5.2 Forecast Trend (2024-2032)
10.6 Industrial and Automotive
10.6.1 Historical Trend (2018-2023)
10.6.2 Forecast Trend (2024-2032)
10.7 Electronic, Consumer Durables and IT
10.7.1 Historical Trend (2018-2023)
10.7.2 Forecast Trend (2024-2032)
10.8 Pharmaceuticals
10.8.1 Historical Trend (2018-2023)
10.8.2 Forecast Trend (2024-2032)
10.9 Others
11 Canada Retail Market by Sector
11.1 Organised
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Unorganised
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
12 Canada Retail Market by Distribution Channel
12.1 Hypermarkets/Supermarkets
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Convenience Stores
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Online Channels
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 Canada Retail Market by Region
13.1 British Columbia
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 Alberta
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 The Prairies
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 Central Canada
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Atlantic Canada
13.5.1 Historical Trend (2018-2023)
13.5.2 Forecast Trend (2024-2032)
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Competitive Landscape
15.1 Market Structure
15.2 Company Profiles
15.2.1 Walmart Inc.
15.2.1.1 Company Overview
15.2.1.2 Product Portfolio
15.2.1.3 Demographic Reach and Achievements
15.2.1.4 Certifications
15.2.2 Amazon.com Inc.
15.2.2.1 Product Portfolio
15.2.2.2 Demographic Reach and Achievements
15.2.2.3 Certifications
15.2.3 Costco Wholesale Corporation
15.2.3.1 Company Overview
15.2.3.2 Product Portfolio
15.2.3.3 Demographic Reach and Achievements
15.2.3.4 Certifications
15.2.4 The Home Depot, Inc.
15.2.4.1 Company Overview
15.2.4.2 Product Portfolio
15.2.4.3 Demographic Reach and Achievements
15.2.4.4 Certifications
15.2.5 George Weston Limited
15.2.5.1 Company Overview
15.2.5.2 Product Portfolio
15.2.5.3 Demographic Reach and Achievements
15.2.5.4 Certifications
15.2.6 Empire Company Limited
15.2.6.1 Company Overview
15.2.6.2 Product Portfolio
15.2.6.3 Demographic Reach and Achievements
15.2.6.4 Certifications
15.2.7 Metro Inc.
15.2.7.1 Company Overview
15.2.7.2 Product Portfolio
15.2.7.3 Demographic Reach and Achievements
15.2.7.4 Certifications
15.2.8 Others
16 Key Trends and Developments in the Market
List of Key Figures and Tables
1. North America Retail Market: Key Industry Highlights, 2018 and 2032
2. Canada Retail Market: Key Industry Highlights, 2018 and 2032
3. Canada Retail Historical Market: Breakup by Product (USD Billion), 2018-2023
4. Canada Retail Market Forecast: Breakup by Product (USD Billion), 2024-2032
5. Canada Retail Historical Market: Breakup by Sector (USD Billion), 2018-2023
6. Canada Retail Market Forecast: Breakup by Sector (USD Billion), 2024-2032
7. Canada Retail Historical Market: Breakup by Distribution Channel (USD Billion), 2018-2023
8. Canada Retail Market Forecast: Breakup by Distribution Channel (USD Billion), 2024-2032
9. Canada Retail Historical Market: Breakup by Region (USD Billion), 2018-2023
10. Canada Retail Market Forecast: Breakup by Region (USD Billion), 2024-2032
11. Canada Retail Market Structure
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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