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Convenience Stores Market Is Expected to Exhibit Significant Growth Over 2031 Casey's General Stores, Inc, Alimentation Couche-Tard Inc., Murphy USA Inc., FEMSA, 7-Eleven Inc. and FamilyMart Co.

05-03-2024 07:16 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Orion Market Research

Convenience Stores Market Is Expected to Exhibit Significant

Global convenience stores market is anticipated to grow at a considerable 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

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 rea

To Request a Sample of our Report on Convenience Stores Market: https://www.omrglobal.com/request-sample/convenience-stores-market

Market Coverage

• The market number available for - 2023-2031

• Base year- 2023

• Forecast period- 2024-2031

Segment Covered-

• By Product Type

• By Store Type

• By Ownership

Regions Covered-

• North America

• Europe

• Asia-Pacific

• Rest of the World

Competitive Landscape- includes Casey's General Stores, Inc, Alimentation Couche-Tard Inc., Murphy USA Inc., FEMSA, 7-Eleven Inc. and FamilyMart Co. Ltd.,among others.

Convenience Stores Market Report Segment

By Product Type

• Staples

• Snacks & Beverages

• Packaged Food

• Personal & Baby Care

• Household Care

• Dairy & Eggs

• Home & Kitchen

By Store Type

• Kiosks

• Mini Convenience Stores

• Limited Selection Convenience Stores

• Traditional Convenience Stores

• Expanded Convenience Stores

• Hyper Convenience Stores

By Ownership

• Independent retailer

• Retail chain

A full Report of Convenience Stores Market is Available @ https://www.omrglobal.com/industry-reports/convenience-stores-market

Convenience Stores Market Report Segment by Region

North America

· United States

· Canada

Europe

· UK

· Germany

· Spain

· France

· Italy

· Rest of Europe

Asia-Pacific

· India

· China

· Japan

· South Korea

· Rest of APAC

Rest of the World

• Latin America

• Middle East and Africa

Company Profiles

• Alfamart

• FamilyMart Co. Ltd.

• FEMSA

• Indomaret

• Lawson Inc.

• Magnit

• Meiyijia

• Murphy USA Inc.

• Parkland

• Pyaterochka

• uSmile

Reasons to buy from us -

1. We cover more than 15 major industries, further segmented into more than 90 sectors.

2. More than 120 countries are for analysis.

3. Over 100+ paid data sources mined for investigation.

4. Our expert research analysts answer all your questions before and after purchasing your report.

For More Customized Data, Request for Report Customization @ https://www.omrglobal.com/report-customization/convenience-stores-market

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Media Contact:

Company Name: Orion Market Research

Contact Person: Mr. Anurag Tiwari

Email: info@omrglobal.com

Contact no: +91 7803040404

About Orion Market Research
Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services. The company also offer Digital Marketing services through its subsidiary OMR Digital and Software development and Consulting Services through another subsidiary Encanto Technologies.

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