Health Stores in Canada
The Health Stores industry in Canada has experienced strong expansion over the five years to 2019. However, mounting demand from online retailers and mass merchandisers has challenged industry operators to reinvent their niche as per capita disposable income and consumer sentiment steadily edge up. Thus far, industry operators have capitalized on offering superior value-added services to bolster revenue. Over the past five years, rising health expenditure and an aging population have boosted demand for industry products. Additionally, sports nutrition products have surged in popularity, further elevating demand for industry goods. Although these factors have boosted demand, online operators and mass merchandisers have cut into this industry's share of the market for such goods. Over the five years to 2024, the industry is expected to exhibit steady growth.
The Health Stores industry in Canada retails products designed to affect an individual’s general condition, such as nutritional supplement stores, convalescent and prosthetic supply stores and specialized medical supply stores. The industry excludes drug stores, pharmacies and optical goods stores, as well as perfume, cosmetics and beauty supply stores.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
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