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Convenience Stores Market Analysis, Trends, Growth, Research And Forecast 2032
Convenience Stores Market
Convenience Stores Market Size, Growth Rate, And Forecast
The global convenience stores market size is expected to grow from $928.87 billion in 2022 to $1019.71 billion in 2023 at a compound annual growth rate (CAGR) of 9.9%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global convenience stores market size is expected to reach $1434.72 billion in 2027 at a CAGR of 8.9%.
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Convenience Stores Market Drivers
The rise in disposable income of consumers is expected to propel the growth of the convenience store market going forward. Disposable income of the consumer refers to the amount of money left to spend and save after income tax has been deducted. The increase in consumer disposable income causes them to spend more money on goods and services, which boosts total product consumption. Thus, increasing the demand for convenience store.
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Convenience Stores Market Segments
• By Store Type: Kiosks, Mini Convenience Store, Limited Selection Convenience Store, Traditional Convenience Store, Expanded Convenience Store, Hyper Convenience Store
• By Ownership: Retail Chain, Independent Retailer
• By Product Type: Cigarettes and Tobacco, Foodservice, Packaged Beverages, Center Store, Low Alcoholic Beverages, Other Product Types
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the convenience stores market.
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Convenience Stores Market Key Players
Major competitors in the convenience stores market include Casey's General Stores Inc., Alimentation Couche-Tard Inc., Murphy USA Inc., Parkland Corporation, 7-Eleven Inc., FamilyMart Co. Ltd., Alibaba Group, OXXO.
The Business Research Company's "Global Convenience Stores Market Report 2023" is a comprehensive report of the market, covering over 60 geographies and high level market segmentation per geography. The section on regional and country breakdowns examines the market in each geography as well as market size by region and country. Furthermore, it evaluates the market's historical and projected growth and identifies significant trends and strategies that businesses can use to expand their operations.
The Table Of Content For The Convenience Stores Market Include:
1. Executive Summary
2. Convenience Stores Market Characteristics
3. Convenience Stores Market Trends And Strategies
4. Convenience Stores Market - Macro Economic Scenario
5. Convenience Stores Market Size And Growth
……
26. Africa Convenience Stores Market
27. Convenience Stores Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Convenience Stores Market
29. Convenience Stores Market Future Outlook and Potential Analysis
30. Appendix
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