Canada Retail Market Size by Sector and Channel Including Online Retail, Key Players and Forecast to 2027
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Canada Retail Market Report Overview
The Canada retail market size was CAD 473 billion in 2022. The market is expected to grow at a CAGR of more than 4% during 2022-2027. The Canada retail market research report provides both historic and forecast market data for total retail sales in Canada.
Canada Retail Market Outlook 2022 – 2027 (CAD Billion)
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It illustrates the data with charts, graphs, and tables, summarizing the value trends, with individual sector details in overall retail. The databook also reveals major retailers in each sector and their market share along with their price and market positioning in 2022.
Market Size (2022) | CAD 473 billion |
CAGR (2022-2027) | >4% |
Historical Period | 2017-2022 |
Forecast Period | 2023-2027 |
Key Sectors | · Food & Grocery
· Clothing & Footwear · Home · Electricals · Health & Beauty |
Key Distribution Channels | · Hypermarkets, Supermarkets & Hard Discounters
· Online · Drug Stores and Health & Beauty Stores · Home Improvement and Gardening Supplies Specialists · Food and Drinks Specialists · Clothing, Footwear, and Accessories Specialists · Convenience Stores (Including Independents) and Gas Stations · Electrical and electronics specialists |
Leading Retailers | · Winners
· Mark’s · Real Canadian Superstore · BC Liquor Stores · Apple · Best Buy · Shoppers Drug Mart · Pharmasave · Home Depot · Home Hardware |
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Canada Retail Market Segmentation by Sectors
The key sectors in the Canadian retail market are food & grocery, clothing & footwear, home, electricals, health & beauty, among others. Food & grocery had the highest value share in 2022 and has the highest growth rate during the forecast period as well.
Canada Retail Market Analysis by Sectors, 2022 (%)
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Canada Retail Market Segmentation by Distribution Channels
Some of the key distribution channels in the Canada retail market are hypermarkets, supermarkets & hard discounters, online, drug stores and health & beauty stores, home improvement and gardening supplies specialists, food and drinks specialists, clothing, footwear, and accessories specialists, convenience stores (including independents) and gas stations, and electrical and electronics specialists. Hypermarkets, supermarkets & hard discounters had the highest value share in 2022.
Canada Retail Market Analysis by Distribution Channels, 2022 (%)
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Canada Retail Market - Competitive Landscape
Some of the leading retailers in the Canadian retail market are Winners, Mark’s, Real Canadian Superstore, BC Liquor Stores, Apple, Best Buy, Shoppers Drug Mart, Pharmasave, Home Depot, and Home Hardware.
Canada Retail Market Analysis by Retailers, 2022
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Segments Covered in the Report
Canada Retail Market Sectors Outlook (Value, CAD Billion, 2017-2027)
- Food & Grocery
- Clothing & Footwear
- Home
- Electricals
- Health & Beauty
Canada Retail Market Distribution Channels Outlook (Value, CAD Billion, 2017-2027)
- Hypermarkets, Supermarkets & Hard Discounters
- Online
- Drug Stores and Health & Beauty Stores
- Home Improvement and Gardening Supplies Specialists
- Food and Drinks Specialists
- Clothing, Footwear, and Accessories Specialists
- Convenience Stores (Including Independents) and Gas Stations
- Electrical and electronics specialists
Key Highlights
• Retail in Canada to grow at 4.1% CAGR over 2022-2027 driven by inflation and economic recovery
• Online electricals sales share of Canada is expected to reach 36.9% in 2027, the highest among all sectors
• Home sector sales to grow by CAD 104.4bn by 2027
Reasons to Buy
- Gain a comprehensive view of the Canada retail industry and forecasts to 2027
- Explore new opportunities that will allow you to align your product offerings and strategies to meet demand following the impact of recent events on the retail market in Canada
- Investigate current and forecast trends in the Canadian retail sectors to identify the opportunities offering the most potential
- Understand who the main competitors are in the sectors and their price positioning
Mark's
Real Canadian SuperStore
Apple
Best Buy
Shoppers Drug Mart
Pharmasave
Home Depot
Home Hardware
Table of Contents
Frequently asked questions
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What was the Canada retail market size in 2022?
The retail market size in Canada was CAD 473 billion in 2022.
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What is the Canada retail market growth rate?
The retail market in Canada is expected to grow at a CAGR of more than 4% during 2022-2027.
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Which was the leading sector in the Canada retail market in 2022?
Food & grocery was the leading sector in the Canadian retail market in 2022.
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Which was the leading distribution channel in the Canada retail market in 2022?
Hypermarkets, supermarkets & hard discounters was the leading distribution channel in the Canada retail market in 2022.
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Which are the leading retailers in the Canada retail market?
Some of the leading retailers in the Canadian retail market are Winners, Mark’s, Real Canadian Superstore, BC Liquor Stores, Apple, Best Buy, Shoppers Drug Mart, Pharmasave, Home Depot, and Home Hardware.
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