PROSPECTS AND OPPORTUNITIES
Sustainable practices expected to contribute to growth in personal luxury
Personal luxury in Canada is anticipated to see a compound annual growth rate (CAGR) of 4% in current value terms (2% CAGR in constant 2025 value terms), reaching CAD14.7 billion in 2030, with increases across all categories.
Luxury brands prioritise transparency and consumer engagement initiatives
Over 2025-2030, key players in personal luxury in Canada are expected to intensify their efforts to enhance product authenticity and consumer engagement. This trend will be driven by the increasing demand for responsible luxury consumption, as brands prioritise transparency in their sourcing and manufacturing processes.
Luxury retailers will continue to adapt to evolving consumer shopping preferences
Over the forecast period, significant evolution is expected in the personal luxury retail landscape in Canada, driven by the ongoing convergence of physical and digital channels. Luxury department stores are anticipated to solidify their position thanks to the creation of curated, category-specific spaces, thereby enhancing the in-store experience, which remains crucial for categories like luxury jewellery and timepieces.
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Overview:
Understand the latest market trends and future growth opportunities for the Personal Luxury 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.
If you're in the Personal Luxury 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.
The Personal Luxury in Canada report includes:
- Analysis of key supply-side and demand trends
- Detailed segmentation of international and local products
- Historic volume and value sizes, company and brand market shares
- Five year forecasts of market trends and market growth
- Robust and transparent research methodology, conducted in-country
This report answers:
- What is the market size of Personal Luxury in Canada?
- Which are the leading brands in Personal Luxury in Canada?
- How are products distributed in Personal Luxury in Canada?
- How important is tourism in evaluating demand for Personal Luxury in Canada?
- How is the rise of e-commerce changing the retail and competitive landscape?
- How has COVID-19 and global recession impacted demand for luxury goods? What are the opportunities amidst the adversity?
- Where is future growth expected to be most dynamic?
Personal Luxury in Canada - Category analysis
KEY DATA FINDINGS
Designer apparel and footwear (ready-to-wear)
Luxury eyewear
Luxury jewellery
Luxury leather goods
Luxury wearables electronics
Luxury timepieces
Luxury writing instruments and stationery
Super premium beauty and personal care
Sustainable practices expected to contribute to growth in personal luxury
Luxury brands prioritise transparency and consumer engagement initiatives
Luxury retailers will continue to adapt to evolving consumer shopping preferences
Luxury Goods in Canada - Industry Overview
Luxury goods in 2025: The big picture
2025 key trends
Competitive landscape
Retail developments
What next for luxury goods?
COUNTRY REPORTS DISCLAIMER
The following categories and subcategories are included:
Personal Luxury
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- Men's Designer Apparel
- Women's Designer Apparel
- Designer Childrenswear
- Designer Clothing Accessories and Hosiery
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- Children's Designer Footwear
- Men's Designer Footwear
- Women's Designer Footwear
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- Luxury Spectacle Frames
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- Men's Luxury Sun Glasses
- Women's Luxury Sun Glasses
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- Luxury Costume Jewellery
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- Men's Luxury Fine Jewellery
- Women's Luxury Fine Jewellery
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- Men's Luxury Bags and Small Leather Goods
- Women's Luxury Bags and Small Leather Goods
- Luxury Travel Goods
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- Luxury Wearables Electronics
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- Men's Luxury Timepieces
- Women's Luxury Timepieces
- Luxury Writing Instruments and Stationery
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- Super Premium Colour Cosmetics
- Super Premium Fragrances
- Super Premium Skin Care
- Other Super Premium Beauty and Personal Care
Personal Luxury
This is an aggregation of Designer Clothing and Footwear (Ready-to-Wear), Luxury Eyewear, Luxury Jewellery, Luxury Timepieces, Luxury Leather Goods, Luxury Writing Instruments and Stationery, Luxury Portable Consumer Electronics and Super Premium Beauty and Personal Care.
See all of our definitionsWhy buy this report?
- Gain competitive intelligence about market leaders
- Track key industry trends, opportunities and threats
- Inform your marketing, brand, strategy and market development, sales and supply functions
This report originates from Passport, our Personal Luxury research and analysis database.
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