Global Mom and Pop Store Market Projected to Grow at 12.4% CAGR, Reaching $171.15 Billion by 2029

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What Will the Mom and Pop Store Industry Market Size Be by 2025?
In the last few years, the market size of mom and pop stores has expanded significantly. It is expected to rise from $95.62 billion in 2024 to $107.14 billion in 2025, indicating a compound annual growth rate (CAGR) of 12.1%. This previous period's growth can be credited to factors such as the support from local communities, individualized customer service, the provision of unique and specialized goods, adaptability, and community involvement.

What's the Long-Term Growth Forecast for the Mom and Pop Store Market Size Through 2029?
The market size for mom and pop stores is forecasted to witness swift enlargement in the upcoming years, expected to escalate to $171.15 billion by 2029, registering a compound annual growth rate (CAGR) of 12.4%. This expected progression during the projection period is due to factors such as the focus on locally sourced and sustainable goods, adapting to shifting consumer tastes, partnering with local craftspeople and manufacturers, improving the customer experience, resilience in crisis situations, and support from the local community. Upcoming trends within this projection time include the incorporation of a digital existence and e-commerce, digitally evolving for compact businesses, concentration on local and handcrafted goods, community involvement, personalized service, and integrating technology for increased efficiency.

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What Are the Key Growth Drivers Fueling the Mom and Pop Store Market Expansion?
The expansion of the mom-and-pop store market is anticipated to be driven by personalised customer service. This encompasses the specific attention and tailor-made services offered by store owners or staff to meet individual customer needs. The push towards such personalized service arises from customers becoming more aware of the implications of their buying choices and the desire for distinctive products. This boosts the overall customer experience and satisfaction, leading to higher customer retention and loyalty for mom-and-pop stores. For example, a report by InMoment, a US-based NGO, in October 2024 stated that 71% of consumers seek a personalised customer experience, and 78% are likely to return to brands that offer it. As a result, personalised customer service is a key growth stimulant for the mom-and-pop store market.

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What Trends Will Shape the Mom and Pop Store Market Through 2029 and Beyond?
Significant technological advances have become a prevalent trend in the mom-and-pop shops industry. Major businesses active in this market are consistently innovating and adopting advanced technologies to maintain their market footing. For example, Wisy Platforms, Inc., an American retail intelligence solutions firm, launched an AI platform in July 2022 aimed at simplifying the task of tracking items in inventory that are not presently on display for retailers. WisyAI provides a mechanism for retail personnel to quickly learn about inventory, reduce losses, and sell items more effectively, curtailing the need for manual tracking and minimizing errors.

How Is the Mom and Pop Store Market Segmented?
The mom and pop storemarket covered in this report is segmented -

1) By Type: Personal Care, Cribs And Strollers, Vitamins And Dietary Supplements, Feeding Suppliers, Toys
2) By Price Range: Premium, Mid-Range, Economy
3) By Ownership: Retail Chain, Independent Retailer
4) By Distribution Channel: Online Stores, Offline Stores

Subsegments:
1) By Personal Care: Baby Care Products, Skin Care Products, Hair Care Products
2) By Cribs and Strollers: Cribs, Playpens, Strollers and Car Seats
3) By Vitamins and Dietary Supplements: Infant Vitamins, Prenatal Vitamins, Probiotics
4) By Feeding Supplies: Baby Bottles, Pacifiers, High Chairs
5) By Toys: Educational Toys, Plush Toys, Activity Centers

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Which Companies Are Leading the Charge in Mom and Pop Store Market Innovation?
Major companies operating in the mom and pop store market include ITOCHU Corporation, Seven & i Holdings Co Ltd., 7-Eleven Inc. Alimentation Couche-Tard Inc., Auchan Holding SA, casino* Guichard-Perrachon SA, Murphy USA Inc., Love's Travel Stops & Country Stores Inc., Food Lion LLC, RaceTrac Petroleum Inc., Cumberland Farms Inc., Casey's General Stores Inc., Sheetz Inc., Wegmans Food Markets Inc., Wawa Inc., QuikTrip Corporation, Pilot Company, Circle K Stores Inc. Tesco PLC, Ingles Markets Inc., Raley's Family of Fine Stores Buc-ee's Ltd., GPM Investments LLC, Kwik Trip Inc., SPAR International, The Fresh Market Inc., Holiday Stationstores Inc., Royal Farms Inc., Farm Boy Inc., Maverik Inc., WinCo Foods LLC

Which Regions Are Leading the Global Mom and Pop Store Market in Revenue?
Asia-Pacific was the largest region in the mom and pop stores market in 2024. The regions covered in the mom and pop store market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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