$111.4bn
$X.Xbn
446k
8,422
$XX.Xbn
While supermarkets and grocery stores sell essential food products, they still fell victim to the pandemic-influenced volatility of recent years. At the pandemic's peak, supermarket revenue spiked as consumers had few other options for purchasing food items. In the following years, revenue sank as alternative options for food emerged, and largely home-bound consumers desperately craved different experiences. Concurrently, disposable income slumped and food prices spiked, forcing many to tighten their budgets. Economic conditions improved in the pandemic's wake and revenue returned to growth. Over the past five years, revenue has been rising at a CAGR of 0.5% and is expected to reach $111.5 billion in 2024, when it will expand 1.3%.
Industry revenue has grown at a CAGR of 0.5 % over the past five years, to reach an estimated $111.4bn in 2024.
Market size is projected to grow over the next five years.
Company | Market Share (%)
2024 | Revenue ($m)
2024 | Profit ($m)
2024 | Profit Margin (%)
2024 |
---|---|---|---|---|
Loblaw Companies Limited | 41,480.9 | 2,925.0 | 7.1 | |
Empire Company Limited | 39,623.3 | 1,679.7 | 4.2 | |
Metro Inc. | 15,810.0 | 1,163.9 | 7.4 |
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Industry revenue is measured across several distinct product and services lines, including Dairy products and eggs , Fish and seafood and Meat. Dairy products and eggs is the largest segment of the Supermarkets & Grocery Stores in Canada.
Grains are a staple in Canadian diets, maintaining a steady share of revenue
The Supermarkets and Grocery Stores industry in Canada comprises the largest food retail channel in Canada. These establishments retail general lines of food products, including fresh and prepared meats, poultry and seafood, canned and frozen foods, fresh fruits and vegetables and various dairy products. This industry excludes convenience stores, warehouse clubs and supercentres.
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NAICS 445110 - Supermarkets & Grocery Stores in Canada
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
The competition is intensifying for supermarkets due to the rise of substitutes like online stores and big-box retailers. This increased competition, along with higher food p...
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Rising health consciousness has heightened demand for fruits, nuts and vegetables. However, their price volatility has prompted consumers to explore alternative purchasing op...
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Ontario's high population and proximity to the US make it a prime supermarket location. The dense urban centers like Toronto and Ottawa attract numerous grocers due to the hi...
Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.
The legal requirements and start-up costs for new supermarkets in Canada present moderate but increasing barriers to entry. Obtaining a food sales license under the Safe Food...
Learn about the performance of the top companies in the industry.
The top four supermarkets in Canada comprise more than three-quarters of revenue. Concentration is high because of high start-up costs and recent acquisitions.
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
Canadian supermarkets benefit from robust support via programs like the AgriMarketing Program and organizations like the Retail Council of Canada. These resources boost growt...
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
Supermarkets have historically struggled with low profit, exacerbated by high competition and market saturation. The pandemic briefly boosted profitability due to a surge in ...
Including values and annual change:
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Key data sources in Canada include:
Analysts also use industry specific sources to complement catch-all sources, although their perspective may focus on a particular organization or representative body, rather than a clear overview of all industry operations. However, when balanced against other perspectives, industry-specific sources provide insights into industry trends.
These sources include:
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The market size of the Supermarkets & Grocery Stores industry in Canada is $111.4bn in 2024.
There are 8,422 businesses in the Supermarkets & Grocery Stores industry in Canada, which has grown at a CAGR of 0.9 % between 2019 and 2024.
The market size of the Supermarkets & Grocery Stores industry in Canada has been growing at a CAGR of 0.5 % between 2019 and 2024.
Over the next five years, the Supermarkets & Grocery Stores industry in Canada is expected to grow.
The biggest companies operating in the Supermarkets & Grocery Stores market in Canada are Loblaw Companies Limited, Empire Company Limited and Metro Inc.
Retailing a general line of food and Retailing health and beauty products are part of the Supermarkets & Grocery Stores industry.
The company holding the most market share in Canada is Loblaw Companies Limited.
The level of competition is high and increasing in the Supermarkets & Grocery Stores industry in Canada.