Global convenience stores market is anticipated to grow at a consideable CAGR of 29.4 during the forecast period (2024-2031). The consumers' growing preference for convenient shopping options due to their busy lifestyles is a key factor driving the global convenience stoes market. Convenience businesses are adopting cashier less checkout and AI-assisted scheduling with the artificially powered technologies. AI has made it possible for convenience stores to reduce some of the costs related to conducting business through transactions, particularly in light of the rising labour costs in Western countries.
Browse the full report description of “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)” at https://www.omrglobal.com/industry-reports/convenience-stores-market
Convenience stores offers customer’s discounts on purchases made through digital transactions as to promote more cashless transaction. In response, these stores are introducing loyalty programs, which provide customers membership-specific rates and other rewards for their purchases in an effort to foster consumer loyalty. Global convenience shop revenues and customer loyalty are rising due to the use of technology-enabled solutions and other strategies.
In February 2024, the convenience store chain 7-Eleven Japan, beginsthe operation of small outlets without any storefront staff in the spring. This is a turning point in Japan's retail industry as the country is facing a serious labour shortage. Seven-Eleven is open unmanned stores in locations where it is difficult to open stores in the past, such as tower condominiums and inside factories. Smartphone payments is used to streamline the checkout operations.
Further, in January 2022, Parkland Corp. announced an agreement to acquire M&M Food Market. M&M is a premium, restaurant-quality frozen food retailer which is very popular in Canada. This acquisition represents one of many steps takenfor retail diversification strategy and to expand proprietary food offered by the company to increase the customer reach.
Market Coverage
• The market number available for – 2023-203
• Base year- 2023
• Forecast period- 2024-2031
• Segment Covered-
o By Product Type
o By Store Type
o By Ownership
• Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World
• Competitive Landscape- includesCasey's General Stores, Inc, Alimentation Couche-Tard Inc., Murphy USA Inc., FEMSA, 7-Eleven Inc. and FamilyMart Co. Ltd.,among others.
Key questions addressed by the report.
Global Convenience Stores Market Report Segment
By Product Type
By Store Type
By Ownership
Global Convenience Stores Market Report Segment by Region
North America
• United States
• Canada
Europe
• UK
• Germany
• Italy
• Spain
• France
• Rest of Europe
Asia-Pacific
• China
• India
• Japan
• South Korea
• Rest of Asia-Pacific
Rest of the World
• Latin America
• Middle East & Africa
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