Press release
Convenience, Mom And Pop Stores Market: A Dynamic Landscape of Rapid Growth and Diverse Trends
Convenience, Mom And Pop Stores Market Size
What Is The Projected Market Size Of The Global Convenience, Mom And Pop Stores Market And Its Growth Rate?
The convenience and mom-and-pop stores market has witnessed significant expansion in recent years. Key data includes:
- The market's size was $1289.14 billion in 2024 and is forecasted to grow to $1443.7 billion in 2025 at a CAGR of 12.0%.
- Factors contributing to this growth include increasing population density in urban areas, FDI in retail in developing countries, and the rising popularity of franchising concepts.
- Looking ahead, the market is set to reach $2045.14 billion in 2029 at a CAGR of 9.1%.
- Population growth trends are set to be significantly influenced by technological advancements, the impact of data analytics, growing consumer preference for shopping local, and the opportunity offered by longer open hours and lesser store spaces.
What Is Driving The Growth In The Convenience, Mom And Pop Stores Market?
Convenience, mom-and-pop stores are increasingly making data analytics an integral part of their management strategies. This approach is being leveraged to enhance supply chain efficiency, streamline operations, boost customer engagement, and foster loyalty. Data has become critical to the operational efficiency of retail businesses. For instance, the World Economic Forum reported in July 2023 that 60% of corporations consider big data and analytics capabilities increasingly important, with the potential to create up to 1.4 million new jobs between 2023 and 2027. This trend, alongside technological advancements that facilitate the analysis of retail data, will undoubtedly drive the market's growth in the future.
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Who Are the Key Players Driving Convenience, Mom And Pop Stores Market Growth?
- Seven & I Holdings Co. Ltd.
- Carrefour SA
- Auchan Holding SA
- Alimentation Couche-Tard Inc.
- FamilyMart
- Wawa Inc.
- Kwik Trip Inc.
- EG Group
- Love's Travel Stops & Country Stores
- Bianlifeng
- Suning Xiaodian
- Lawson
- Ministop
- Metcash
- Think Convenience
- GS25
- SPAR
- Tesco
- Musgrave
- Sainsbury's
- Co-operative Group Limited
- McColl's
- Groupe Casin*o
- Profi
- Stokrotka Sp. z o.o.
- Perekrestok Express
- Magnit
- Zabka
- Spolem
- Groszek
- Eurocash
- Casey's general stores
- Marathon Petroleum Corporation
- Raízen Conveniências
- Cencosud
- Cia Brasileira de Distribuicao
- Savola
- Almeera Group
- Al Madina Group
- Lulu
- Circle K
- FreshStop
- Food Lover's Market
- Pick n Pay
- Shoprite
- Freshzo Foods
What Are The Key Trends In The Convenience, Mom And Pop Stores Market?
Key trends shaping the market's future include:
- Investing in contact-free convenience stores for ease of maintenance and cost reduction.
- Automation techniques to streamline store operations.
- Investing in IoT solutions to improve efficiency and decision-making in store operations.
- Adopting robotics to enhance customer convenience and store productivity.
- Offering diverse food options to maximize revenue.
- Collaborating with renowned brands to grow their customer base and reduce cost while increasing sales.
What Are The Segments Of The Global Convenience, Mom And Pop Stores Market?
The convenience and mom and pop stores market can be segmented as follows:
- By Type: Convenience Stores, Mom And Pop Stores
- By Ownership: Retail Chain, Independent Retailer
- By Price Range: Premium, Mid-Range, Economy
Which Region Leads The Convenience, Mom And Pop Stores Market?
Asia-Pacific stood as the largest region in the convenience, mom and pop stores market in 2024, followed by Africa. The market report covers various regions including Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
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What Is Covered In The Convenience, Mom And Pop Stores Market Global Market Report?
- Market Size Analysis: Analyze the Convenience, Mom And Pop Stores Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Convenience, Mom And Pop Stores Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Convenience, Mom And Pop Stores Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Convenience, Mom And Pop Stores Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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