As of 2023, the sales of women's handbags, purses, and accessories in non-store retailing in Canada stood at CAD 110.6 million. For the years 2024 to 2028, forecasts predict a steady growth pattern, with values rising from CAD 112.84 million in 2024 to CAD 124.87 million in 2028. Year-on-year variations show consistent annual growth, with projected increases ranging from approximately 2.6% to 2.4% year-over-year. The compound annual growth rate (CAGR) over the five-year forecast period is anticipated to be around 2.5%.
Future trends to watch for include:
- The impact of increasing e-commerce penetration in Canada on non-store retail sales.
- Consumer preferences shifting towards sustainable and ethically-produced accessories.
- Potential macroeconomic factors influencing discretionary spending power.
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