Canada: leading food retailers 2022, by market share

In 2022, Loblaws held the top spot with an estimated 29 percent share of the grocery retail industry in Canada. Walmart, which is an American multinational retail company, owned roughly eight percent of the Canadian market.

Loblaws’ competitor: Metro Inc.

One of Loblaws’ top competitors in the past few years has been Metro Inc. In 2022, Metro generated a net income of approximately 922 million Canadian dollars, the highest amount the company has seen in the past ten years. That year, most of the company’s store properties could be found in Québec, one of the more populated provinces within the country.

Most popular stores in Canada

In 2019, the most popular store in Canada for purchasing food and beverages was Walmart: in August of that year, roughly half of Canadian consumers stated they regularly shopped for food and drink products here. Real Canadian Superstore and Costco ranked second and third respectively in that year.