Sales of toiletries in non-store retailing in Canada showed fluctuating trends from 2013 to 2023. The peak year was 2016 with significant growth of 11.61% over the previous year, followed by a substantial dip in 2017 by -49.53%. Since 2018, the market experienced slight changes with values stabilizing around the mid-90 million Canadian dollars, culminating in a slight decline in 2023 to 90.43 million Canadian dollars, marking a -1.19% drop from the previous year. The compound annual growth rate (CAGR) over the last five years has been -1.21%.
Future trends to watch for include:
- The projected CAGR for the next five years stands at -0.97%, indicating a slight but steady decline.
- Potential shifts in consumer behavior towards more sustainable and eco-friendly products could impact non-store retailing.
- Technological advancements in e-commerce and personalized marketing strategies might counteract the downward trend.
