Convenience Stores Market
Convenience Stores Market Size, Share & Trends Analysis Report by Type (Staples, Snacks & Beverages, Packaged Food, Personal & Baby Care, Household Care, Dairy & Eggs and Home & Kitchen), by Store Type (Kiosks, Mini Convenience Stores, Limited Selection Convenience Stores, Traditional Convenience Stores, Expanded Convenience Stores and Hyper Convenience Stores), and by Ownership (Independent retailer and Retail chain) Forecast Period (2024-2031)
Convenience stores market is anticipated to grow at a considerable CAGR of 6.6% during the forecast period (2024-2031). As the population is increasing, the demand for convenience store is also increasing. Convenience stores offer convenient access to goods from neighboring stores, and since some of them are open 24 hours a day, customers can get their goods whenever they need them.
Market Dynamics
Convenience stores emerging as a community hub
Convenience stores have become hubs for the community as well, where people go for food, drink, and entertainment rather than just completing their usual retail shopping. Convenience stores are expanding their business horizons as a result of these growing opportunities.Convenience stores are experiencing a boost in customer due to the presence of coffee shops, indoor and outdoor seating areas, and mobile charging stations, which is indirectly contributing to their marketing and promotional efforts. The states with the most convenience stores in the US are Texas, California, Florida, and New York, and they are the ones that keep implementing this strategy of turning these establishments into community centers.
Availability of necessities in the convenience store
Customers may conveniently and swiftly buy for their daily necessities at convenience stores. Convenience store growth is being driven by consumers' growing preference for convenient shopping options due to their busy lifestyles.Ready-to-eat food that requires minimal preparation before consumption is called available in convenience store. Convenient food products, such as processed beef and poultry products, are becoming more popular than home-cooked meals since more women are working and have busy schedules. As a result, consumers are now more likely to choose quick food options and dining outside (fast food and takeaway restaurants) rather than the conventional cooking approach.
Market Segmentation
Our in-depth analysis of the global convenience stores market includes the following segments by product type, store type, and ownership:
- Based on product type, the market is sub-segmented intostaples, snacks & beverages, packaged food, personal & baby care, household care, dairy & eggs and home & kitchen.
- Based on store type, the market is bifurcated into Kiosks, mini convenience stores, limited selection convenience stores, traditional convenience stores, expanded convenience stores and hyper convenience stores.
- Based on ownership, the market is augmented into independent retailer and retail chain.
Independent Retailer Sub-segment to Hold a Considerable Market Share
The independent retailer sub-segment holds considerable share in the global market. An independent retailer is a privately held company or partnership that sells products manufactured by other businesses. Independent retailers come in two varieties big and small size stores. Independent small-scale businesses primarily specialize in a certain kind of goods that larger chains do not provide, like photographic gear or vinyl records. Larger independent businesses continue to have a greater selection of goods, but they also provide smaller companies and products room to market, much like a boutique.
Regional Outlook
The globalconvenience stores market is further segmented based on geography including North America (the US, and Canada), Europe (UK, Italy, Spain, Germany, France, and the Rest of Europe), Asia-Pacific (India, China, Japan, South Korea, and Rest of Asia-Pacific), and the Rest of the World (the Middle East & Africa, and Latin America).
Changes in lifestyle and increased purchasing power in Asia-Pacific region
- Changes in purchasing power of middleclass population in countries such as China and Vietnam have increased the popularity of convenience stores in Asia-Pacific region.
- Rising tourism, changing consumer lifestyles and fast-paced living has also increased the overall market sales.
Global Convenience Stores Market Growth by Region 2024-2031
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North America Holds Major Market Share
North America holds the largest share in the global market %.The pandemic and evolving consumer behavior have changed the retail landscape in the US, and convenience store operations have exceeded initial projections.There are 152,396 convenience stores operating in the US, a 1.5% increase from the 2023 store count, reversing a four-year decline, according to the 2024 NACS/NIQ Convenience Industry Store Count. This has resulted in rise of overall sales in the convenience store market in the North American region.
Market Players Outlook
*Note: Major Players Sorted in No Particular Order.
The major companies serving the global convenience stores market include Casey's General Stores, Inc, Alimentation Couche-Tard Inc., Murphy USA Inc., FEMSA, 7-Eleven Inc. and FamilyMart Co. Ltd.among others. The market players are increasingly focusing on business expansion and product development by applying strategies such as collaborations, mergers, and acquisitions to stay competitive in the market. For instance, in August 2023, Casey’s acquiredthe Select EG Group Stores. This acquisition added 63 stores in the portfolio of midwestern c-store.
The Report Covers
- Market value data analysis of 2023 and forecast to 2031.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global convenience storesmarket. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
1. Report Summary
• Current Industry Analysis and Growth Potential Outlook
1.1. Research Methods and Tools
1.2. Market Breakdown
1.2.1. By Segments
1.2.2. By Region
2. Market Overview and Insights
2.1. Scope of the Report
2.2. Analyst Insight & Current Market Trends
2.2.1. Key Findings
2.2.2. Recommendations
2.2.3. Conclusion
3. Competitive Landscape
3.1. Key Company Analysis
3.2. Alimentation Couche-Tard Inc.
3.2.1. Overview
3.2.2. Financial Analysis
3.2.3. SWOT Analysis
3.2.4. Recent Developments
3.3. Casey's General Stores, Inc
3.3.1. Overview
3.3.2. Financial Analysis
3.3.3. SWOT Analysis
3.3.4. Recent Developments
3.4. 7-Eleven Inc.
3.4.1. Overview
3.4.2. Financial Analysis
3.4.3. SWOT Analysis
3.4.4. Recent Developments
3.5. Key Strategy Analysis
4. Market Segmentation
4.1. Global Convenience Stores Market by ProductType
4.1.1. Staples
4.1.2. Snacks & Beverages
4.1.3. Packaged Food
4.1.4. Personal & Baby Care
4.1.5. Household Care
4.1.6. Dairy & Eggs
4.1.7. Home & Kitchen
4.2. Global Convenience Stores Market byStore Type
4.2.1. Kiosks
4.2.2. Mini Convenience Stores
4.2.3. Limited Selection Convenience Stores
4.2.4. Traditional Convenience Stores
4.2.5. Expanded Convenience Stores
4.2.6. Hyper Convenience Stores
4.3. Global Convenience Stores Market by Ownership
4.3.1. Independent retailer
4.3.2. Retail chain
5. Regional Analysis
5.1. North America
5.1.1. United States
5.1.2. Canada
5.2. Europe
5.2.1. UK
5.2.2. Germany
5.2.3. Italy
5.2.4. Spain
5.2.5. France
5.2.6. Rest of Europe
5.3. Asia-Pacific
5.3.1. China
5.3.2. India
5.3.3. Japan
5.3.4. South Korea
5.3.5. Rest of Asia-Pacific
5.4. Rest of the World
5.4.1. Latin America
5.4.2. The Middle East & Afica
6. Company Profiles
6.1. Alfamart
6.2. FamilyMart Co. Ltd.
6.3. FEMSA
6.4. Indomaret
6.5. Lawson Inc.
6.6. Magnit
6.7. Meiyijia
6.8. Murphy USA Inc.
6.9. Parkland
6.10. Pyaterochka
6.11. uSmile
1. GLOBAL CONVENIENCE STORES MARKET RESEARCH AND ANALYSIS BY PRODUCT TYPE, 2023-2031 ($ MILLION)
2. GLOBAL CONVENIENCE STORES FOR STAPLES MARKET RESEARCH AND ANALYSIS BY REGION, 2023-2031 ($ MILLION)
3. GLOBAL CONVENIENCE STORES FOR SNACKS & BEVERAGES MARKET RESEARCH AND ANALYSIS BY REGION, 2023-2031 ($ MILLION)
4. GLOBAL CONVENIENCE STORES FOR PACKAGED FOOD MARKET RESEARCH AND ANALYSIS BY REGION, 2023-2031 ($ MILLION)
5. GLOBAL CONVENIENCE STORES FOR PERSONAL & BABY CARE MARKET RESEARCH AND ANALYSIS BY REGION, 2023-2031 ($ MILLION)
6. GLOBAL CONVENIENCE STORES FOR HOUSEHOLD CARE MARKET RESEARCH AND ANALYSIS BY REGION, 2023-2031 ($ MILLION)
7. GLOBAL CONVENIENCE STORES FOR DAIRY & EGGS MARKET RESEARCH AND ANALYSIS BY REGION, 2023-2031 ($ MILLION)
8. GLOBAL CONVENIENCE STORES FOR HOME & KITCHEN MARKET RESEARCH AND ANALYSIS BY REGION, 2023-2031 ($ MILLION)
9. GLOBAL CONVENIENCE STORES MARKET RESEARCH AND ANALYSIS BY STORE TYPE, 2023-2031 ($ MILLION)
10. GLOBAL KIOSKS CONVENIENCE STORES MARKET RESEARCH AND ANALYSIS BY REGION, 2023-2031 ($ MILLION)
11. GLOBAL MINI CONVENIENCE STORES MARKET RESEARCH AND ANALYSIS BY REGION, 2023-2031 ($ MILLION)
12. GLOBAL LIMITED SELECTION CONVENIENCE STORES MARKET RESEARCH AND ANALYSIS BY REGION, 2023-2031 ($ MILLION)
13. GLOBAL TRADITIONAL CONVENIENCE STORES MARKET RESEARCH AND ANALYSIS BY REGION, 2023-2031 ($ MILLION)
14. GLOBAL EXPANDED CONVENIENCE STORES MARKET RESEARCH AND ANALYSIS BY REGION, 2023-2031 ($ MILLION)
15. GLOBAL HYPER CONVENIENCE STORES MARKET RESEARCH AND ANALYSIS BY REGION, 2023-2031 ($ MILLION)
16. GLOBAL CONVENIENCE STORES MARKET RESEARCH AND ANALYSIS BY OWNERSHIP, 2023-2031 ($ MILLION)
17. GLOBAL INDEPENDENT RETAILER IN CONVENIENCE STORES MARKET RESEARCH AND ANALYSIS BY REGION, 2023-2031 ($ MILLION)
18. GLOBAL RETAIL CHAIN IN CONVENIENCE STORES MARKET RESEARCH AND ANALYSIS BY REGION, 2023-2031 ($ MILLION)
19. GLOBAL CONVENIENCE STORES MARKET RESEARCH AND ANALYSIS BY REGION, 2023-2031 ($ MILLION)
20. NORTH AMERICAN CONVENIENCE STORES MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2023-2031 ($ MILLION)
21. NORTH AMERICAN CONVENIENCE STORES MARKET RESEARCH AND ANALYSIS BY PRODUCT TYPE, 2023-2031 ($ MILLION)
22. NORTH AMERICAN CONVENIENCE STORES MARKET RESEARCH AND ANALYSIS BY STORE TYPE, 2023-2031 ($ MILLION)
23. NORTH AMERICAN CONVENIENCE STORES MARKET RESEARCH AND ANALYSIS BY OWNERSHIP,2023-2031 ($ MILLION)
24. EUROPEAN CONVENIENCE STORES MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2023-2031 ($ MILLION)
25. EUROPEAN CONVENIENCE STORES MARKET RESEARCH AND ANALYSIS BY PRODUCT TYPE, 2023-2031 ($ MILLION)
26. EUROPEAN CONVENIENCE STORES MARKET RESEARCH AND ANALYSIS BY STORE TYPE, 2023-2031 ($ MILLION)
27. EUROPEAN CONVENIENCE STORES MARKET RESEARCH AND ANALYSIS BY OWNERSHIP, 2023-2031 ($ MILLION)
28. ASIA-PACIFIC CONVENIENCE STORES MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2023-2031 ($ MILLION)
29. ASIA-PACIFICCONVENIENCE STORES MARKET RESEARCH AND ANALYSIS BY PRODUCT TYPE, 2023-2031 ($ MILLION)
30. ASIA-PACIFICCONVENIENCE STORES MARKET RESEARCH AND ANALYSIS BY STORE TYPE, 2023-2031 ($ MILLION)
31. ASIA-PACIFICCONVENIENCE STORES MARKET RESEARCH AND ANALYSIS BY OWNERSHIP, 2023-2031 ($ MILLION)
32. REST OF THE WORLD CONVENIENCE STORES MARKET RESEARCH AND ANALYSIS BY REGION, 2023-2031 ($ MILLION)
33. REST OF THE WORLD CONVENIENCE STORES MARKET RESEARCH AND ANALYSIS BY PRODUCT TYPE, 2023-2031 ($ MILLION)
34. REST OF THE WORLD CONVENIENCE STORES MARKET RESEARCH AND ANALYSIS BY STORE TYPE, 2023-2031 ($ MILLION)
35. REST OF THE WORLD CONVENIENCE STORES MARKET RESEARCH AND ANALYSIS BY OWNERSHIP, 2023-2031 ($ MILLION)
1. GLOBAL CONVENIENCE STORES MARKETSHARE BY PRODUCT TYPE, 2023 VS 2031 (%)
2. GLOBAL CONVENIENCE STORES FOR STAPLES MARKETSHARE BY REGION, 2023 VS 2031 (%)
3. GLOBAL CONVENIENCE STORES FOR SNACKS & BEVERAGES MARKETSHARE BY REGION, 2023 VS 2031 (%)
4. GLOBAL CONVENIENCE STORES FOR PACKAGED FOOD MARKETSHARE BY REGION, 2023 VS 2031 (%)
5. GLOBAL CONVENIENCE STORES FOR PERSONAL & BABY CARE MARKETSHARE BY REGION, 2023 VS 2031 (%)
6. GLOBAL CONVENIENCE STORES FOR HOUSEHOLD CARE MARKETSHARE BY REGION, 2023 VS 2031 (%)
7. GLOBAL CONVENIENCE STORES FOR DAIRY & EGGS MARKETSHARE BY REGION, 2023 VS 2031 (%)
8. GLOBAL CONVENIENCE STORES FOR HOME & KITCHEN MARKETSHARE BY REGION, 2023 VS 2031 (%)
9. GLOBAL CONVENIENCE STORES MARKETSHAREBY STORE TYPE, 2023 VS 2031 (%)
10. GLOBAL KIOSKS CONVENIENCE STORES MARKET SHARE BY REGION, 2023 VS 2031 (%)
11. GLOBALMINI CONVENIENCE STORES MARKET SHARE BY REGION, 2023 VS 2031 (%)
12. GLOBAL LIMITED SELECTION CONVENIENCE STORES MARKET SHARE BY REGION, 2023 VS 2031 (%)
13. GLOBALTRADITIONAL CONVENIENCE STORES MARKET SHARE BY REGION, 2023 VS 2031 (%)
14. GLOBAL EXPANDED CONVENIENCE STORES MARKET SHARE BY REGION, 2023 VS 2031 (%)
15. GLOBAL HYPER CONVENIENCE STORES MARKET SHARE BY REGION, 2023 VS 2031 (%)
16. GLOBAL CONVENIENCE STORES MARKETSHAREBY OWNERSHIP, 2023 VS 2031 (%)
17. GLOBAL INDEPENDENT RETAILER IN CONVENIENCE STORES MARKETSHARE BY REGION, 2023 VS 2031 (%)
18. GLOBAL RETAIL CHAIN IN CONVENIENCE STORES MARKETSHARE BY REGION, 2023 VS 2031 (%)
19. GLOBAL THERMOCHEMICAL IN CONVENIENCE STORES MARKETSHARE BY REGION, 2023 VS 2031 (%)
20. GLOBAL CONVENIENCE STORES MARKETSHARE BY REGION, 2023 VS 2031 (%)
21. US CONVENIENCE STORES MARKET SIZE, 2023-2031 ($ MILLION)
22. CANADA CONVENIENCE STORES MARKET SIZE, 2023-2031 ($ MILLION)
23. UK CONVENIENCE STORES MARKET SIZE, 2023-2031 ($ MILLION)
24. FRANCE CONVENIENCE STORES MARKET SIZE, 2023-2031 ($ MILLION)
25. GERMANY CONVENIENCE STORES MARKET SIZE, 2023-2031 ($ MILLION)
26. ITALY CONVENIENCE STORES MARKET SIZE, 2023-2031 ($ MILLION)
27. SPAIN CONVENIENCE STORES MARKET SIZE, 2023-2031 ($ MILLION)
28. REST OF EUROPE CONVENIENCE STORES MARKET SIZE, 2023-2031 ($ MILLION)
29. INDIA CONVENIENCE STORES MARKET SIZE, 2023-2031 ($ MILLION)
30. CHINA CONVENIENCE STORES MARKET SIZE, 2023-2031 ($ MILLION)
31. JAPAN CONVENIENCE STORES MARKET SIZE, 2023-2031 ($ MILLION)
32. SOUTH KOREA CONVENIENCE STORES MARKET SIZE, 2023-2031 ($ MILLION)
33. REST OF ASIA-PACIFIC CONVENIENCE STORES MARKET SIZE, 2023-2031 ($ MILLION)
34. LATIN AMERICACONVENIENCE STORES MARKET SIZE, 2023-2031 ($ MILLION)
35. MIDDLE EAST AND AFRICACONVENIENCE STORES MARKET SIZE, 2023-2031 ($ MILLION)
