NIQ
Exploring Unique Opportunities in the Quebec Market
Pages
47
Time to read
15 mins
Publication
Language
English
Pages
47
Time to read
15 mins
Publication
Language
English
This document is a report detailing the unique opportunities present in the Quebec market. It outlines the significance of Quebec within Canada, noting that it constitutes a quarter of the country's Consumer Packaged Goods (CPG) market. The report presents demographic insights, highlighting that 24% of Canadian households reside in Quebec and that the province accounts for 23% of CPG growth. It discusses the changing population dynamics, including fertility rates and the aging population, as well as the implications of these factors for consumer behavior. The report also examines the economic landscape, including household income levels and the employment rate among women, which has contributed to increased spending power. Additionally, it addresses the market's response to inflation and the trends in consumer purchasing habits, particularly the shift towards discount retailers and online shopping. Overall, the report provides a comprehensive analysis of the Quebec market's characteristics and trends, offering valuable insights for businesses operating in this region.