
Convenience Stores Market by Product (Center Store, Cigarettes & Tobacco, Foodservice), Store Type (Expanded Convenience Store, Hyper Convenience Store, Kiosks & Mini Convenience Store) - Global Forecast 2024-2030
Description
Convenience Stores Market by Product (Center Store, Cigarettes & Tobacco, Foodservice), Store Type (Expanded Convenience Store, Hyper Convenience Store, Kiosks & Mini Convenience Store) - Global Forecast 2024-2030
The Convenience Stores Market size was estimated at USD 2.18 trillion in 2023 and expected to reach USD 2.28 trillion in 2024, at a CAGR 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 InsightsIn 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?
Note: PDF & Excel + Online Access - 1 Year
Table of Contents
194 Pages
- 1. Preface
- 1.1. Objectives of the Study
- 1.2. Market Segmentation & Coverage
- 1.3. Years Considered for the Study
- 1.4. Currency & Pricing
- 1.5. Language
- 1.6. Limitations
- 1.7. Assumptions
- 1.8. Stakeholders
- 2. Research Methodology
- 2.1. Define: Research Objective
- 2.2. Determine: Research Design
- 2.3. Prepare: Research Instrument
- 2.4. Collect: Data Source
- 2.5. Analyze: Data Interpretation
- 2.6. Formulate: Data Verification
- 2.7. Publish: Research Report
- 2.8. Repeat: Report Update
- 3. Executive Summary
- 4. Market Overview
- 4.1. Introduction
- 4.2. Convenience Stores Market, by Region
- 5. Market Insights
- 5.1. Market Dynamics
- 5.1.1. Drivers
- 5.1.1.1. Rising popularity of convenience stores
- 5.1.1.2. Increasing use by consumers due to long operating hours and better functionality
- 5.1.1.3. Ongoing digital transformations of convenience stores
- 5.1.2. Restraints
- 5.1.2.1. Concerns regarding local criminal elements
- 5.1.3. Opportunities
- 5.1.3.1. Increase in number of supermarkets in developing and developed regions
- 5.1.3.2. Potential usage of AI to broaden & tailor the assortment
- 5.1.4. Challenges
- 5.1.4.1. Rapid shift towards the online platform
- 5.2. Market Segmentation Analysis
- 5.3. Market Trend Analysis
- 5.4. Cumulative Impact of High Inflation
- 5.5. Porter’s Five Forces Analysis
- 5.5.1. Threat of New Entrants
- 5.5.2. Threat of Substitutes
- 5.5.3. Bargaining Power of Customers
- 5.5.4. Bargaining Power of Suppliers
- 5.5.5. Industry Rivalry
- 5.6. Value Chain & Critical Path Analysis
- 5.7. Regulatory Framework
- 6. Convenience Stores Market, by Product
- 6.1. Introduction
- 6.2. Center Store
- 6.3. Cigarettes & Tobacco
- 6.4. Foodservice
- 6.5. Low Alcoholic Beverages
- 6.6. Packaged Beverages
- 7. Convenience Stores Market, by Store Type
- 7.1. Introduction
- 7.2. Expanded Convenience Store
- 7.3. Hyper Convenience Store
- 7.4. Kiosks & Mini Convenience Store
- 8. Americas Convenience Stores Market
- 8.1. Introduction
- 8.2. Argentina
- 8.3. Brazil
- 8.4. Canada
- 8.5. Mexico
- 8.6. United States
- 9. Asia-Pacific Convenience Stores Market
- 9.1. Introduction
- 9.2. Australia
- 9.3. China
- 9.4. India
- 9.5. Indonesia
- 9.6. Japan
- 9.7. Malaysia
- 9.8. Philippines
- 9.9. Singapore
- 9.10. South Korea
- 9.11. Taiwan
- 9.12. Thailand
- 9.13. Vietnam
- 10. Europe, Middle East & Africa Convenience Stores Market
- 10.1. Introduction
- 10.2. Denmark
- 10.3. Egypt
- 10.4. Finland
- 10.5. France
- 10.6. Germany
- 10.7. Israel
- 10.8. Italy
- 10.9. Netherlands
- 10.10. Nigeria
- 10.11. Norway
- 10.12. Poland
- 10.13. Qatar
- 10.14. Russia
- 10.15. Saudi Arabia
- 10.16. South Africa
- 10.17. Spain
- 10.18. Sweden
- 10.19. Switzerland
- 10.20. Turkey
- 10.21. United Arab Emirates
- 10.22. United Kingdom
- 11. Competitive Landscape
- 11.1. FPNV Positioning Matrix
- 11.2. Market Share Analysis, By Key Player
- 11.3. Competitive Scenario Analysis, By Key Player
- 11.3.1. Merger & Acquisition
- 11.3.1.1. Kroger and Albertsons plan merger to combine 2 largest supermarket chains
- 11.3.1.2. Asda confirms plans to acquire 132 convenience stores from The Co-op
- 11.3.1.3. Global Partners Expands Portfolio with Acquisition of Consumers Petroleum of Connecticut’s Wheels Retail Fuel and Convenience Stores
- 11.3.2. Agreement, Collaboration, & Partnership
- 11.3.2.1. M&S extends convenience store agreement with BP
- 11.3.3. Investment & Funding
- 11.3.3.1. Yesway Raises $190M for New Convenience Store Construction
- 11.3.3.2. CENTRA TO INVEST €23 MILLION IN STORE EXPANSION PROGRAMME FOR 2023
- 11.3.3.3. IFC eyes $20M investment in convenience store chain GS25
- 11.3.3.4. Snappy Shopper raises seven-figure investment to fund growth
- 11.3.4. Award, Recognition, & Expansion
- 11.3.4.1. Wawa plans to bring convenience stores to Kentucky, Indiana
- 11.3.4.2. BP expands its ampm convenience store brand to East Coast
- 12. Competitive Portfolio
- 12.1. Key Company Profiles
- 12.1.1. 24seven by Godfrey Phillips India Limited
- 12.1.2. 7-Eleven, Inc.
- 12.1.3. Al Madina Distribution Centre LLC
- 12.1.4. Alibaba Group Holdings Ltd.
- 12.1.5. Alimentation Couche-Tard Inc.
- 12.1.6. Amazon.com, Inc.
- 12.1.7. Casey's General Stores, Inc.
- 12.1.8. Chevron Corporation
- 12.1.9. Cumberland Farms by EG America, LLC
- 12.1.10. Dorfin Inc.
- 12.1.11. Falls Wholesale
- 12.1.12. FamilyMart Co., Ltd.
- 12.1.13. Groupe Beaudry
- 12.1.14. Hess Express by Speedway LLC
- 12.1.15. Jacksons Food Stores, Inc.
- 12.1.16. Lawson, Inc.
- 12.1.17. Mayrand Food Service Group
- 12.1.18. Metcash Limited
- 12.1.19. Parkland Fuel Corporation
- 12.1.20. Plaid Pantry, Inc.
- 12.1.21. QuickChek Corp.
- 12.1.22. QuikTrip Corporation
- 12.1.23. Ricco Food Distributors
- 12.1.24. Royal Farms
- 12.1.25. Rutter’s Dairy and Rutter’s Stores
- 12.1.26. Stewart’s Shops Corp.
- 12.1.27. Thorntons LLC
- 12.1.28. United Dairy Farmers
- 12.1.29. Wawa, Inc.
- 12.1.30. Xtra Mart by Alliance Energy LLC
- 12.2. Key Product Portfolio
- 13. Appendix
- 13.1. Discussion Guide
- 13.2. License & Pricing
- FIGURE 1. CONVENIENCE STORES MARKET RESEARCH PROCESS
- FIGURE 2. CONVENIENCE STORES MARKET SIZE, 2023 VS 2030
- FIGURE 3. CONVENIENCE STORES MARKET SIZE, 2018-2030 (USD MILLION)
- FIGURE 4. CONVENIENCE STORES MARKET SIZE, BY REGION, 2023 VS 2030 (%)
- FIGURE 5. CONVENIENCE STORES MARKET SIZE, BY REGION, 2023 VS 2024 VS 2030 (USD MILLION)
- FIGURE 6. CONVENIENCE STORES MARKET DYNAMICS
- FIGURE 7. CONVENIENCE STORES MARKET SIZE, BY PRODUCT, 2023 VS 2030 (%)
- FIGURE 8. CONVENIENCE STORES MARKET SIZE, BY PRODUCT, 2023 VS 2024 VS 2030 (USD MILLION)
- FIGURE 9. CONVENIENCE STORES MARKET SIZE, BY STORE TYPE, 2023 VS 2030 (%)
- FIGURE 10. CONVENIENCE STORES MARKET SIZE, BY STORE TYPE, 2023 VS 2024 VS 2030 (USD MILLION)
- FIGURE 11. AMERICAS CONVENIENCE STORES MARKET SIZE, BY COUNTRY, 2023 VS 2030 (%)
- FIGURE 12. AMERICAS CONVENIENCE STORES MARKET SIZE, BY COUNTRY, 2023 VS 2024 VS 2030 (USD MILLION)
- FIGURE 13. UNITED STATES CONVENIENCE STORES MARKET SIZE, BY STATE, 2023 VS 2030 (%)
- FIGURE 14. UNITED STATES CONVENIENCE STORES MARKET SIZE, BY STATE, 2023 VS 2024 VS 2030 (USD MILLION)
- FIGURE 15. ASIA-PACIFIC CONVENIENCE STORES MARKET SIZE, BY COUNTRY, 2023 VS 2030 (%)
- FIGURE 16. ASIA-PACIFIC CONVENIENCE STORES MARKET SIZE, BY COUNTRY, 2023 VS 2024 VS 2030 (USD MILLION)
- FIGURE 17. EUROPE, MIDDLE EAST & AFRICA CONVENIENCE STORES MARKET SIZE, BY COUNTRY, 2023 VS 2030 (%)
- FIGURE 18. EUROPE, MIDDLE EAST & AFRICA CONVENIENCE STORES MARKET SIZE, BY COUNTRY, 2023 VS 2024 VS 2030 (USD MILLION)
- FIGURE 19. CONVENIENCE STORES MARKET, FPNV POSITIONING MATRIX, 2023
- FIGURE 20. CONVENIENCE STORES MARKET SHARE, BY KEY PLAYER, 2023
Pricing
Currency Rates
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