Global Convenience Stores Market by Product (Center Store, Cigarettes & Tobacco, Foodservice), Store Type (Expanded Convenience Store, Hyper Convenience Store, Kiosks & Mini Convenience Store) - Forecast 2024-2030

The Convenience Stores Market size was estimated at USD 2.18 trillion in 2023, USD 2.28 trillion in 2024, and is expected to grow at a CAGR of 5.18% to reach USD 3.11 trillion by 2030.

A convenience store is a retail establishment offering a limited selection of food, beverages, and other merchandise. These stores typically offer items such as snacks, candy, dairy products, soft drinks, and grocery items in the same place. Convenience stores are generally located in close proximity to residential areas and often in locations where there is high foot traffic. The primary purpose of a convenience store is to offer customers quick and easy access to everyday items they may need.  However, convenience stores are typically more expensive than larger retail outlets due to their higher overhead costs. Market players are consistently working on improving the operational efficiency of convenience stores by adding AI and ML-based technologies for inventory management. They are also making investments in expanding franchises of their stores to elevate the commercialization of the business. 

Regional Insights

In the United States, the convenience store count is considerably higher than other trade channels such as supermarkets and grocery stores. The changing shopping conduct and the pandemic reformed the U.S. retail sector, resulting in increased functioning and the expansion of convenience stores. Customers are more likely to visit convenience stores due to fewer crowds than supermarkets, which increases the overall sales of convenience stores in this region. The increase in purchasing power of the middle-class population in China and Vietnam is attributed to the surge in demand for convenience stores. Countries such as India and Japan noticed significant growth in convenience stores, especially in urban areas, due to lifestyle changes and consumers living a fast-paced life. In Europe, the development of infrastructure, the increased number of stores, and the introduction of convenience formats by major grocery chains to attract customers by offering high standards of convenience are surging the overall demand for convenience stores. Convenience stores in the Middle East & Africa are expected to grow in the forecast period due to increasing infrastructural development.

FPNV Positioning Matrix

The FPNV Positioning Matrix is pivotal in evaluating the Convenience Stores Market. It offers a comprehensive assessment of vendors, examining key metrics related to Business Strategy and Product Satisfaction. This in-depth analysis empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The Market Share Analysis is a comprehensive tool that provides an insightful and in-depth examination of the current state of vendors in the Convenience Stores Market. By meticulously comparing and analyzing vendor contributions in terms of overall revenue, customer base, and other key metrics, we can offer companies a greater understanding of their performance and the challenges they face when competing for market share. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With this expanded level of detail, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Key Company Profiles

The report delves into recent significant developments in the Convenience Stores Market, highlighting leading vendors and their innovative profiles. These include 24seven by Godfrey Phillips India Limited, 7-Eleven, Inc., Al Madina Distribution Centre LLC, Alibaba Group Holdings Ltd., Alimentation Couche-Tard Inc., Amazon.com, Inc., Casey's General Stores, Inc., Chevron Corporation, Cumberland Farms by EG America, LLC, Dorfin Inc., Falls Wholesale, FamilyMart Co., Ltd., Groupe Beaudry, Hess Express by Speedway LLC, Jacksons Food Stores, Inc., Lawson, Inc., Mayrand Food Service Group, Metcash Limited, Parkland Fuel Corporation, Plaid Pantry, Inc., QuickChek Corp., QuikTrip Corporation, Ricco Food Distributors, Royal Farms, Rutter’s Dairy and Rutter’s Stores, Stewart’s Shops Corp., Thorntons LLC, United Dairy Farmers, Wawa, Inc., and Xtra Mart by Alliance Energy LLC.

Market Segmentation & Coverage

This research report categorizes the Convenience Stores Market to forecast the revenues and analyze trends in each of the following sub-markets:

• Product
  • Center Store
  • Cigarettes & Tobacco
  • Foodservice
  • Low Alcoholic Beverages
  • Packaged Beverages
• Store Type
  • Expanded Convenience Store
  • Hyper Convenience Store
  • Kiosks & Mini Convenience Store

• Region
  • Americas
    • Argentina
    • Brazil
    • Canada
    • Mexico
    • United States
      • California
      • Florida
      • Illinois
      • New York
      • Ohio
      • Pennsylvania
      • Texas
  • Asia-Pacific
    • Australia
    • China
    • India
    • Indonesia
    • Japan
    • Malaysia
    • Philippines
    • Singapore
    • South Korea
    • Taiwan
    • Thailand
    • Vietnam
  • Europe, Middle East & Africa
    • Denmark
    • Egypt
    • Finland
    • France
    • Germany
    • Israel
    • Italy
    • Netherlands
    • Nigeria
    • Norway
    • Poland
    • Qatar
    • Russia
    • Saudi Arabia
    • South Africa
    • Spain
    • Sweden
    • Switzerland
    • Turkey
    • United Arab Emirates
    • United Kingdom

The report offers valuable insights on the following aspects

1. Market Penetration: It presents comprehensive information on the market provided by key players.
2. Market Development: It delves deep into lucrative emerging markets and analyzes the penetration across mature market segments.
3. Market Diversification: It provides detailed information on new product launches, untapped geographic regions, recent developments, and investments.
4. Competitive Assessment & Intelligence: It conducts an exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players.
5. Product Development & Innovation: It offers intelligent insights on future technologies, R&D activities, and breakthrough product developments.

The report addresses key questions such as

1. What is the market size and forecast of the Convenience Stores Market?
2. Which products, segments, applications, and areas should one consider investing in over the forecast period in the Convenience Stores Market?
3. What are the technology trends and regulatory frameworks in the Convenience Stores Market?
4. What is the market share of the leading vendors in the Convenience Stores Market?
5. Which modes and strategic moves are suitable for entering the Convenience Stores Market?

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