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Canada Retail Market Expected to Reach USD 1283.61 Billion by 2034
The Canada retail market reached USD 795.57B in 2024 and is projected to hit USD 1283.61B by 2034, driven by organised retail growth and rising online shopping demand.


Canada Retail Market
BriefingWire.com, 11/27/2025 - The Canada retail market continues to showcase steady and resilient growth, supported by rising consumer spending, widespread digital adoption, and stronger nationwide retail infrastructure. According to the latest industry analysis, the market was valued at USD 795.57 Billion in 2024 and is projected to expand at a CAGR of 4.90% from 2025 to 2034, ultimately reaching USD 1283.61 Billion by 2034. This growth trajectory reflects Canada’s increasingly diversified retail ecosystem, powered by both online and offline channels.

Consumers across Canada are shifting toward more convenient, omnichannel shopping experiences, resulting in rapid expansion of online retail platforms alongside traditional brick-and-mortar stores. Retailers are investing in digital payments, improved supply chains, and same-day delivery services to meet evolving expectations. The combination of strong demand for essentials, rising interest in home improvement, and the expansion of high-value product categories such as electronics and pharmaceuticals continues to support overall retail momentum.

Comprehensive Market Segmentation Highlights Strong Multi-Category Growth

The Canada retail market report provides detailed segmentation covering multiple product categories. Key product segments include Food, Beverage and Grocery, Personal and Household Care, Apparel, Footwear and Accessories, Furniture and Home Décor, Toys and Household Appliances, Industrial and Automotive, Electronic, Consumer Durables and IT, Pharmaceuticals, and Others. Essential categories like food and grocery remain dominant, while electronics, home décor, and pharmaceuticals continue to outperform due to changing lifestyles and a growing focus on wellness.

Receive a free sample report and check the expanded table of contents.

Organised Retail Set to Lead Future Expansion

Based on sector, the market is divided into Organised and Unorganised retail. Organised retail—including supermarkets, hypermarkets, branded stores, and major retail chains—is expected to capture an increasingly larger share of the market. Retail giants are strengthening store networks, expanding product assortments, and investing in automation and supply chain efficiency to improve customer experience. Meanwhile, unorganised retail continues to serve local communities and niche demand segments.

Distribution Channels Evolving with Consumer Behaviour

The market is further segmented by distribution channel into:

Hypermarkets/Supermarkets

Convenience Stores

Online Channels

Others

Hypermarkets and supermarkets remain preferred for household essentials, while convenience stores continue growing due to proximity shopping. Online channels represent the fastest-growing segment, driven by digital convenience, extensive product availability, and fast delivery services across major Canadian cities.

Regional Coverage Reflects Nationwide Retail Strength

The report covers major regions including British Columbia, Alberta, The Prairies, Central Canada, and Atlantic Canada. Central Canada leads the market due to its dense population, strong urban centres, and high retail penetration.

Key Market Players Strengthen Retail Presence

Leading companies driving Canada’s retail landscape include:

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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