In 2022, Canada experienced a decline in consumer confidence, which was attributed to an increase in inflation resulting from rising energy prices caused by the Russian-Ukraine war and global recession. This increase in energy costs also led to a rise in agricultural expenses, subsequently resulting in increased food prices, contributing to an overall inflation rate of 6.
There are several key trends in the home and garden industry in Canada. The main trend is the increased focus on sustainability and eco-friendliness.
In 2022, Behr (Behr Process Corp) maintained its lead the largest brand in home improvement, closely followed private label Mastercraft (Canadian Tire Corp Ltd). This growth can be attributed to the company’s DIY flooring, which is easy to install, offers waterproof options for bathroom renovations, and noise-insulating carpets.
In 2022, there was a noticeable trend among consumers to buy home and garden products from brick-and-mortar retail stores. The reason behind this was that consumers preferred to examine the products physically before making a purchase.
Canada’s home and garden market is forecast to witness a steady growth over 2023-2027, maintaining value growth rates slightly lower than seen in 2021-2022, albeit still healthy and stable. One key reason behind this is the ongoing shift towards online shopping, as e-commerce stores have witnessed increased demand for home delivery, offer greater access to a wider variety of products, easier price comparisons, and increased convenience.
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Understand the latest market trends and future growth opportunities for the Home and Garden industry in Canada with research from Euromonitor International's team of in-country analysts – experts by industry and geographic specialisation.
Key trends are clearly and succinctly summarised alongside the most current research data available. Understand and assess competitive threats and plan corporate strategy with our qualitative analysis, insight and confident growth projections.
Data and analysis in this report provides further detailed coverage dedicated to the following key categories, where applicable:
If you're in the Home and Garden industry in Canada, our research will help you to make informed, intelligent decisions; to recognise and profit from opportunity, or to offer resilience amidst market uncertainty.
Home and Garden
This project has a strict focus on sales to consumers only. Trade and professional sales are excluded. Home and garden refers to gardening, home improvement, homewares and home furnishings.See All of Our Definitions
This report originates from Passport, our Home and Garden research and analysis database.
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