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PUBLISHER: Grand View Research | PRODUCT CODE: 1092437
PUBLISHER: Grand View Research | PRODUCT CODE: 1092437
Convenience Stores Market Size, Share & Trends Analysis Report By Type (Cigarettes & Tobacco, Foodservice, Packaged Beverages, Center Store, Low Alcoholic Beverages), By Region, And Segment Forecasts, 2022 - 2028
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Convenience Stores Market Growth & Trends:
The global convenience stores market size is estimated to reach USD 3.12 trillion by 2028 and is expected to grow at a CAGR of 5.6% from 2022 to 2028, according to a new report by Grand View Research, Inc. The market is surging due to long opening hours which provides easy access to customers to quickly purchase their necessary products when compared to other retail channels.
In addition, many stores remain open 24/7 near busy locations such as fuel stations or near a locality, so customers can grab their required items on the go. This is again influencing the growth of the market. Also, convenience stores are getting high challenges from the development of various retail sectors such as vending machines, e-commerce, and quick-serve restaurants. Therefore, these factors are restraining the market growth. Most of the key players operating in the market are adopting the strategy of partnership & acquisition to fulfill the growing needs and capture maximum market share globally.
The COVID-19 pandemic has positively impacted the market. Due to the global lockdown and the spread of deadly disease, customers were more likely to visit small stores such as convenience stores where the crowd is comparatively less than the supermarkets. In addition, a survey from the National Association of Convenience Stores (NACS), reported that in-store sales have noticed an increase of 1.5% during the pandemic. As most of the brick-and-mortar retail stores were closed owing to restricting the virus's spread. Also, the basket size in convenience stores surged by 18.5% which reflects the positive side of the market.
The cigarettes & tobacco segment contributed to the global market revenue share of around 38% in 2021. The availability of tobacco products among all convenience stores is easily accessible which is again accelerating the segment growth. Among, every item offered by convenience stores the demand for cigarettes & tobacco is comparatively higher. Thus, cigarette & tobacco demand is growing at a high speed and contributes more to the market revenue.
North America accounted for the largest market share of more than 47% in 2021. The convenience stores in this region is expanding their business by increasing stores and quickly offering emergency products such as over-the-counter medicines, milk, ice, and others, thereby generating more revenue for the market in North America. Convenience stores in the United States captured the largest share in the brick-and-mortar retail sector, thereby increasing the revenue generation in this region. Moreover, the pandemic and changing shopping habits among customers have expanded its growth beyond expectation. Thus, it contributes to more revenue generation in North America.
Convenience Stores Market Report Highlights:
- Asia Pacific is projected to grow at the highest CAGR of 6.4% from 2022 to 2028. The growing purchasing power of the middle-class population and the development of stores in this region have attributed to the growth of convenience store
- Additionally, local grocery stores are partnering with convenience stores to increase their presence in this market again attributing to the growth in this region. Thus, expected to drive the market during the forecast period
- The foodservice segment is likely to register the highest CAGR of 6.4% from 2022 to 2028. The increasing spending on ready-to-eat food items or prepared foods by the ongoing customers is driving the overall revenue of the segment
- Moreover, the home delivery service by local convenience stores is again attracting more customers to purchase food items from the stores. Thus, foodservice segment is expected to grow at the highest CAGR during the forecast period
Product Code: GVR-4-68039-929-0
Table of Contents
Chapter 1. Methodology & Scope
- 1.1. Market Segmentation & Scope
- 1.2. Market Definition
- 1.3. Information Procurement
- 1.3.1. Purchased Database
- 1.3.2. GVR's Internal Database
- 1.3.3. Secondary Sources & Third-Party Perspectives
- 1.3.4. Primary Research
- 1.4. Information Analysis
- 1.4.1. Data Analysis Models
- 1.5. Market Formulation & Data Visualization
- 1.6. Data Validation & Publishing
Chapter 2. Executive Summary
- 2.1. Market Outlook
- 2.2. Type Outlook
- 2.3. Regional Outlook
Chapter 3. Convenience Store Market Variables, Trends & Scope
- 3.1. Market Introduction
- 3.2. Penetration & Growth Prospect Mapping
- 3.3. Industry Value Chain Analysis
- 3.3.1. Sales/Retail Channel Analysis
- 3.3.2. Profit Margin Analysis
- 3.4. Market Dynamics
- 3.4.1. Market Driver Analysis
- 3.4.2. Market Restraint Analysis
- 3.4.3. Industry Challenges
- 3.4.4. Industry Opportunities
- 3.5. Business Environment Analysis
- 3.5.1. Industry Analysis - Porter's
- 3.5.1.1. Supplier Power
- 3.5.1.2. Buyer Power
- 3.5.1.3. Substitution Threat
- 3.5.1.4. Threat from New Entrant
- 3.5.1.5. Competitive Rivalry
- 3.5.1. Industry Analysis - Porter's
- 3.6. Roadmap of Convenience Store Market
- 3.7. Market Entry Strategies
- 3.8. Impact of COVID-19 on the Convenience Stores Market
Chapter 4. Consumer Behavior Analysis
- 4.1. Consumer Trends & Preferences
- 4.2. Factors Affecting Buying Decision
- 4.3. Consumer Type Adoption
- 4.4. Observations & Recommendations
Chapter 5. Convenience Store Market: Type Estimates & Trend Analysis
- 5.1. Type Movement Analysis & Market Share, 2021 & 2028
- 5.2. Cigarettes & Tobacco
- 5.2.1. Market Estimates & Forecast, 2017 - 2028 (USD Billion)
- 5.3. Foodservice
- 5.3.1. Market Estimates & Forecast, 2017 - 2028 (USD Billion)
- 5.4. Packaged Beverages
- 5.4.1. Market Estimates & Forecast, 2017 - 2028 (USD Billion)
- 5.5. Center Store
- 5.5.1. Market Estimates & Forecast, 2017 - 2028 (USD Billion)
- 5.6. Low Alcoholic Beverages
- 5.6.1. Market Estimates & Forecast, 2017 - 2028 (USD Billion)
- 5.7. Others
- 5.7.1. Market Estimates & Forecast, 2017 - 2028 (USD Billion)
Chapter 6. Convenience Store Market: Regional Estimates & Trend Analysis
- 6.1. Regional Movement Analysis & Market Share, 2021 & 2028
- 6.2. North America
- 6.2.1. Market Estimates & Forecast, 2017 - 2028 (USD Billion)
- 6.2.2. Market Estimates & Forecast, by Type, 2017 - 2028 (USD Billion)
- 6.2.3. U.S.
- 6.2.3.1. Market Estimates & Forecast, 2017 - 2028 (USD Billion)
- 6.2.3.2. Market Estimates & Forecast, by Type, 2017 - 2028 (USD Billion)
- 6.2.4. Canada
- 6.2.4.1. Market Estimates & Forecast, 2017 - 2028 (USD Billion)
- 6.2.4.2. Market Estimates & Forecast, by Type, 2017 - 2028 (USD Billion)
- 6.3. Europe
- 6.3.1. Market Estimates & Forecast, 2017 - 2028 (USD Billion)
- 6.3.2. Market Estimates & Forecast, by Type, 2017 - 2028 (USD Billion)
- 6.3.3. U.K.
- 6.3.3.1. Market Estimates & Forecast, 2017 - 2028 (USD Billion)
- 6.3.3.2. Market Estimates & Forecast, by Type, 2017 - 2028 (USD Billion)
- 6.3.4. Germany
- 6.3.4.1. Market Estimates & Forecast, 2017 - 2028 (USD Billion)
- 6.3.4.2. Market Estimates & Forecast, by Type, 2017 - 2028 (USD Billion)
- 6.3.5. France
- 6.3.5.1. Market Estimates & Forecast, 2017 - 2028 (USD Billion)
- 6.3.5.2. Market Estimates & Forecast, by Type, 2017 - 2028 (USD Billion)
- 6.4. Asia Pacific
- 6.4.1. Market Estimates & Forecast, 2017 - 2028 (USD Billion)
- 6.4.2. Market Estimates & Forecast, by Type, 2017 - 2028 (USD Billion)
- 6.4.3. China
- 6.4.3.1. Market Estimates & Forecast, 2017 - 2028 (USD Billion)
- 6.4.3.2. Market Estimates & Forecast, by Type, 2017 - 2028 (USD Billion)
- 6.4.4. Vietnam
- 6.4.4.1. Market Estimates & Forecast, 2017 - 2028 (USD Billion)
- 6.4.4.2. Market Estimates & Forecast, by Type, 2017 - 2028 (USD Billion)
- 6.4.5. Japan
- 6.4.5.1. Market Estimates & Forecast, 2017 - 2028 (USD Billion)
- 6.4.5.2. Market Estimates & Forecast, by Type, 2017 - 2028 (USD Billion)
- 6.5. Central & South America
- 6.5.1. Market Estimates & Forecast, 2017 - 2028 (USD Billion)
- 6.5.2. Market Estimates & Forecast, by Type, 2017 - 2028 (USD Billion)
- 6.5.3. Brazil
- 6.5.3.1. Market Estimates & Forecast, 2017 - 2028 (USD Billion)
- 6.5.3.2. Market Estimates & Forecast, by Type, 2017 - 2028 (USD Billion)
- 6.5.4. Argentina
- 6.5.4.1. Market Estimates & Forecast, 2017 - 2028 (USD Billion)
- 6.5.4.2. Market Estimates & Forecast, by Type, 2017 - 2028 (USD Billion)
- 6.6. Middle East & Africa
- 6.6.1. Market Estimates & Forecast, 2017 - 2028 (USD Billion)
- 6.6.2. Market Estimates & Forecast, by Type, 2017 - 2028 (USD Billion)
- 6.6.3. GCC
- 6.6.3.1. Market Estimates & Forecast, 2017 - 2028 (USD Billion)
- 6.6.3.2. Market Estimates & Forecast, by Type, 2017 - 2028 (USD Billion)
- 6.6.4. South Africa
- 6.6.4.1. Market Estimates & Forecast, 2017 - 2028 (USD Billion)
- 6.6.4.2. Market Estimates & Forecast, by Type, 2017 - 2028 (USD Billion)
Chapter 7. Competitive Analysis
- 7.1. Key Global Players, Recent Developments & their Impact on the Industry
- 7.2. Key Company/Competition Categorization (Key Innovators, Market Leaders, Emerging Players)
- 7.3. Vendor Landscape
- 7.3.1. Key Company Market Share Analysis, 2021
Chapter 8. Company Profiles
- 8.1. Casey's General Stores, Inc
- 8.1.1. Company Overview
- 8.1.2. Financial Performance
- 8.1.3. Product Benchmarking
- 8.1.4. Strategic Initiatives
- 8.2. Alimentation Couche-Tard Inc.
- 8.2.1. Company Overview
- 8.2.2. Financial Performance
- 8.2.3. Product Benchmarking
- 8.2.4. Strategic Initiatives
- 8.3. Murphy USA Inc.
- 8.3.1. Company Overview
- 8.3.2. Financial Performance
- 8.3.3. Product Benchmarking
- 8.3.4. Strategic Initiatives
- 8.4. Parkland Corporation
- 8.4.1. Company Overview
- 8.4.2. Financial Performance
- 8.4.3. Product Benchmarking
- 8.4.4. Strategic Initiatives
- 8.5. 7-Eleven
- 8.5.1. Company Overview
- 8.5.2. Financial Performance
- 8.5.3. Product Benchmarking
- 8.5.4. Strategic Initiatives
- 8.6. Alibaba Group Holding Limited
- 8.6.1. Company Overview
- 8.6.2. Financial Performance
- 8.6.3. Product Benchmarking
- 8.6.4. Strategic Initiatives
- 8.7. Amazon.com, Inc.
- 8.7.1. Company Overview
- 8.7.2. Financial Performance
- 8.7.3. Product Benchmarking
- 8.7.4. Strategic Initiatives
- 8.8. FamilyMart
- 8.8.1. Company Overview
- 8.8.2. Financial Performance
- 8.8.3. Product Benchmarking
- 8.8.4. Strategic Initiatives
- 8.9. OXXO (FEMSA)
- 8.9.1. Company Overview
- 8.9.2. Financial Performance
- 8.9.3. Product Benchmarking
- 8.9.4. Strategic Initiatives
- 8.10. Lawson Inc.
- 8.10.1. Company Overview
- 8.10.2. Financial Performance
- 8.10.3. Product Benchmarking
- 8.10.4. Strategic Initiatives
Product Code: GVR-4-68039-929-0
List of Tables
- 1. Convenience Store Market - Key Market Driver Analysis
- 2. Convenience Store Market - Key Market Restraint Analysis
- 3. Global Cigarettes & Tobacco Convenience Store Market Revenue Estimates & Forecast by Type, from 2017 - 2028 (USD Billion)
- 4. Global Foodservice Convenience Store Market Revenue Estimates & Forecast by Type, from 2017 - 2028 (USD Billion)
- 5. Global Packaged Beverages Convenience Store Market Revenue Estimates & Forecast by Type, from 2017 - 2028 (USD Billion)
- 6. Global Center Store Convenience Store Market Revenue Estimates & Forecast by Type, from 2017 - 2028 (USD Billion)
- 7. Global Low Alcoholic Beverages Convenience Store Market Revenue Estimates & Forecast by Type, from 2017 - 2028 (USD Billion)
- 8. Global Others Convenience Store Market Revenue Estimates & Forecast by Type, from 2017 - 2028 (USD Billion)
- 9. Global Convenience Store Market Estimates & Forecast, by region 2017 - 2028 (USD Billion)
- 10. Global Convenience Store Market Revenue Estimates & Forecast by Type, 2017 - 2028 (USD Billion)
- 11. North America Convenience Store Market Estimates & Forecast, 2017 - 2028 (USD Billion)
- 12. North America Convenience Store Market Revenue Estimates & Forecast, by Type, 2017 - 2028 (USD Billion)
- 13. U.S. Convenience Store Market Estimates & Forecast, 2017 - 2028 (USD Billion)
- 14. U.S. Convenience Store Market Revenue Estimates & Forecast by Type, 2017 - 2028 (USD Billion)
- 15. Canada Convenience Store Market Estimates & Forecast, 2017 - 2028 (USD Billion)
- 16. Canada Convenience Store Market Revenue Estimates & Forecast by Type, 2017 - 2028 (USD Billion)
- 17. Europe Convenience Store Market Estimates & Forecast, 2017 - 2028 (USD Billion)
- 18. Europe Convenience Store Market Revenue Estimates & Forecast by Type, 2017 - 2028 (USD Billion)
- 19. U.K. Convenience Store Market Estimates & Forecast, 2017 - 2028 (USD Billion)
- 20. U.K. Convenience Store Market Revenue Estimates & Forecast by Type, 2017 - 2028 (USD Billion)
- 21. Germany Convenience Store Market Estimates & Forecast, 2017 - 2028 (USD Billion)
- 22. Germany Convenience Store Market Revenue Estimates & Forecast by Type, 2017 - 2028 (USD Billion)
- 23. France Convenience Store Market Estimates & Forecast, 2017 - 2028 (USD Billion)
- 24. France Convenience Store Market Revenue Estimates & Forecast by Type, 2017 - 2028 (USD Billion)
- 25. Asia Pacific Convenience Store Market Estimates & Forecast, 2017 - 2028 (USD Billion)
- 26. Asia Pacific Convenience Store Market Revenue Estimates & Forecast by Type, 2017 - 2028 (USD Billion)
- 27. China Convenience Store Market Estimates & Forecast, 2017 - 2028 (USD Billion)
- 28. China Convenience Store Market Revenue Estimates & Forecast by Type, 2017 - 2028 (USD Billion)
- 29. Vietnam Convenience Store Market Estimates & Forecast, 2017 - 2028 (USD Billion)
- 30. Vietnam Convenience Store Market Revenue Estimates & Forecast by Type, 2017 - 2028 (USD Billion)
- 31. Japan Convenience Store Market Estimates & Forecast, 2017 - 2028 (USD Billion)
- 32. Japan Convenience Store Market Revenue Estimates & Forecast by Type, 2017 - 2028 (USD Billion)
- 33. Central & South America Convenience Store Market Estimates & Forecast, 2017 - 2028 (USD Billion)
- 34. Central & South America Convenience Store Market Revenue Estimates & Forecast by Type, 2017 - 2028 (USD Billion)
- 35. Brazil Convenience Store Market Estimates & Forecast, 2017 - 2028 (USD Billion)
- 36. Brazil Convenience Store Market Revenue Estimates & Forecast by Type, 2017 - 2028 (USD Billion)
- 37. Argentina Convenience Store Market Estimates & Forecast, 2017 - 2028 (USD Billion)
- 38. Argentina Convenience Store Market Revenue Estimates & Forecast by Type, 2017 - 2028 (USD Billion)
- 39. Middle East & Africa Convenience Store Market Estimates & Forecast, 2017 - 2028 (USD Billion)
- 40. Middle East & Africa Convenience Store Market Revenue Estimates & Forecast by Type, 2017 - 2028 (USD Billion)
- 41. GCC Convenience Store Market Estimates & Forecast, 2017 - 2028 (USD Billion)
- 42. GCC Convenience Store Market Revenue Estimates & Forecast by Type, 2017 - 2028 (USD Billion)
- 43. South Africa Convenience Store Market Estimates & Forecast, 2017 - 2028 (USD Billion)
- 44. South Africa Convenience Store Market Revenue Estimates & Forecast by Type, 2017 - 2028 (USD Billion)
- 45. Vendor Landscape
List of Figures
- 1. Convenience Store Market Snapshot
- 2. Convenience Store Market Segmentation & Scope
- 3. Convenience Store Market Penetration & Growth Prospect Mapping
- 4. Convenience Store Market Value Chain Analysis
- 5. Convenience Store Market Dynamics
- 6. Convenience Store Market Porter's Analysis
- 7. Convenience Store Market: Type Movement Analysis
- 8. Convenience Store Market: Regional Movement Analysis
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