Based on the provided data, the sales of cosmetics and fragrances in non-store retailing in Canada have shown notable fluctuations between 2013 and 2023. The year 2017 marked a significant spike with a 74.93% increase, followed by a correction in 2018 with an 8.71% decrease. The years 2019 to 2022 saw more stable growth rates, with minor upticks and downturns, culminating in a 3.46% year-on-year increase in 2023, standing at 400.35 million CAD. The average annual variation (CAGR) over the last five years before 2023 was 3.91%.
Looking into the future, the forecasted data for 2024-2028 suggest a steady upward trend, with an expected 5-year CAGR of 2.53%, culminating in a total growth rate of 13.32% by 2028. This indicates a continued, albeit moderate, growth trajectory for non-store retail sales in this category.
Future trends to watch for include advancements in e-commerce technologies, shifts in consumer shopping behaviors post-pandemic, and potential market saturation. Additionally, the increasing preference for sustainable and organic products might influence the product offerings and sales strategies in this sector.
