Product Code: r6839
“Convenience Stores Global Market Report 2023 ” from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on convenience stores market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Reasons to Purchase
- Gain a truly global perspective with the most comprehensive report available on this market covering 50+ geographies.
- Understand how the market has been affected by the COVID-19 and how it is responding as the impact of the virus abates.
- Assess the Russia - Ukraine war's impact on agriculture, energy and mineral commodity supply and its direct and indirect impact on the market.
- Measure the impact of high global inflation on market growth.
- Create regional and country strategies on the basis of local data and analysis.
- Identify growth segments for investment.
- Outperform competitors using forecast data and the drivers and trends shaping the market.
- Understand customers based on the latest market shares.
- Benchmark performance against key competitors.
- Suitable for supporting your internal and external presentations with reliable high quality data and analysis
- Report will be updated with the latest data and delivered to you within 3-5 working days of order along with an Excel data sheet for easy data extraction and analysis.
- All data from the report will also be delivered in an excel dashboard format.
Where is the largest and fastest growing market for convenience stores? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The convenience stores market global report ” from The Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
Scope
Markets Covered:
- 1) By Store Type: Kiosks; Mini Convenience Store; Limited Selection Convenience Store; Traditional Convenience Store; Expanded Convenience Store; Hyper Convenience Store
- 2) By Ownership: Retail Chain; Independent Retailer
- 3) By Product Type: Cigarettes and Tobacco; Foodservice; Packaged Beverages; Center Store; Low Alcoholic Beverages; Other Product Types
- Companies Mentioned: Casey's General Stores Inc.; Alimentation Couche-Tard Inc.; Murphy USA Inc.; Parkland Corporation; 7-Eleven Inc.
- Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA
- Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
- Time series: Five years historic and ten years forecast.
- Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
- Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
- Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
- Delivery format: PDF, Word and Excel Data Dashboard.
Executive Summary
Major players in the convenience stores market are: Casey's General Stores Inc., Alimentation Couche-Tard Inc., Murphy USA Inc., Parkland Corporation, 7-Eleven Inc., FamilyMart Co. Ltd., Alibaba Group, OXXO, Amazon.com Inc., GasBuddy, Best-One, BGF Retail, Sunoco LP, Bargain Booze, Speedway, Lawson Inc., Wawa Inc., Cumberland Farms, and Al Madina Hypermarket.
The global convenience stores market 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 convenience stores market is expected to reach $1434.72 billion in 2027 at a CAGR of 8.9%.
The convenience store market includes revenues earned by entities by providings services related to packaged foods, groceries, newspapers, tobacco products, and confectionery purchases. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.
Convenience stores refer to retail establishments that offer a small assortment of essential items, such as packaged foods and medicines, and are open late to accommodate customers. These stores are conveniently located where customers can rapidly obtain a wide range of products such as groceries, food, gasoline, and others.
North America was the largest region in the convenience stores market in 2022. The regions covered in convenience stores report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The main convenience stores are kiosks, mini convenience store, limited selection convenience store, traditional convenience store, expanded convenience store, and hyper convenience store. Cigarettes and tobacco refer to a narrow cylinder containing a combustible substance, usually tobacco, that is rolled into thin paper for smoking. These are owned by retail chain and independent retailer for various types of products including cigarettes and tobacco, foodservice, packaged beverages, center store, low alcoholic beverages, and others.
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. For instance, in December 2022, according to the Ministry of Statistics and Program Implementation, an India-based commercial organization, the rise in disposable income of consumers increased to 274.13 million in 2022 from 238.57 million in 2021. Global disposable incomes and family spending are both projected to increase by 2.6% in 2022. Therefore, the rise in disposable income of consumers is driving the growth of the convenience stores market.
Technological advancement is a key trend gaining popularity in the convenience store market. Major companies operating in the convenience store market are introducing new technologies to develop their businesses in the market. For instance, in January 2022, Amazon, a US-based online e-commerce company, launched its Just Walk Out technology in convenience stores. It enables companies to provide customers with a quick, frictionless shopping experience without the bother of checking out. The technology can be used in a wide range of industries and store sizes, particularly where there is high demand, a need to reduce wait times, or where customers are pressed for time. The technology is readily scalable for retailers to handle any volume of customers or products in the store.
In March 2022, Majors Management, LLC, a US-based property management company acquired sixty-nine convenience store locations from Circle K Stores, Inc. for an undisclosed amount. The acquisition extends Majors' footprints into the other state of US. Circle K Stores, Inc. is a US-based convenience store company.
The countries covered in the convenience stores market report are: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organisations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the chain or as part of other products.
The convenience stores market research report is one of a series of new reports from The Business Research Company that provides convenience stores market statistics, including convenience stores industry global market size, regional shares, competitors with a convenience stores market share, detailed convenience stores market segments, market trends, and opportunities, and any further data you may need to thrive in the convenience stores industry. This convenience stores market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
Table of Contents
1. Executive Summary
2. Convenience Stores Market Characteristics
3. Convenience Stores Market Trends And Strategies
4. Convenience Stores Market - Macro Economic Scenario
- 4.1. COVID-19 Impact On Convenience Stores Market
- 4.2. Ukraine-Russia War Impact On Convenience Stores Market
- 4.3. Impact Of High Inflation On Convenience Stores Market
5. Convenience Stores Market Size And Growth
- 5.1. Global Convenience Stores Historic Market, 2017-2022, $ Billion
- 5.1.1. Drivers Of The Market
- 5.1.2. Restraints On The Market
- 5.2. Global Convenience Stores Forecast Market, 2022-2027F, 2032F, $ Billion
- 5.2.1. Drivers Of The Market
- 5.2.2. Restraints On the Market
6. Convenience Stores Market Segmentation
- 6.1. Global Convenience Stores Market, Segmentation By Store Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- Kiosks
- Mini Convenience Store
- Limited Selection Convenience Store
- Traditional Convenience Store
- Expanded Convenience Store
- Hyper Convenience Store
- 6.2. Global Convenience Stores Market, Segmentation By Ownership, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- Retail Chain
- Independent Retailer
- 6.3. Global Convenience Stores Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- Cigarettes and Tobacco
- Foodservice
- Packaged Beverages
- Center Store
- Low Alcoholic Beverages
- Other Product Types
7. Convenience Stores Market Regional And Country Analysis
- 7.1. Global Convenience Stores Market, Split By Region, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 7.2. Global Convenience Stores Market, Split By Country, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
8. Asia-Pacific Convenience Stores Market
- 8.1. Asia-Pacific Convenience Stores Market Overview
- Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
- 8.2. Asia-Pacific Convenience Stores Market, Segmentation By Store Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 8.3. Asia-Pacific Convenience Stores Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
9. China Convenience Stores Market
- 9.1. China Convenience Stores Market Overview
- 9.2. China Convenience Stores Market, Segmentation By Store Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F,$ Billion
- 9.3. China Convenience Stores Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F,$ Billion
10. India Convenience Stores Market
- 10.1. India Convenience Stores Market, Segmentation By Store Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 10.2. India Convenience Stores Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
11. Japan Convenience Stores Market
- 11.1. Japan Convenience Stores Market, Segmentation By Store Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 11.2. Japan Convenience Stores Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
12. Australia Convenience Stores Market
- 12.1. Australia Convenience Stores Market, Segmentation By Store Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 12.2. Australia Convenience Stores Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
13. Indonesia Convenience Stores Market
- 13.1. Indonesia Convenience Stores Market, Segmentation By Store Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 13.2. Indonesia Convenience Stores Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
14. South Korea Convenience Stores Market
- 14.1. South Korea Convenience Stores Market, Segmentation By Store Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 14.2. South Korea Convenience Stores Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
15. Western Europe Convenience Stores Market
- 15.1. Western Europe Convenience Stores Market Overview
- 15.2. Western Europe Convenience Stores Market, Segmentation By Store Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 15.3. Western Europe Convenience Stores Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
16. UK Convenience Stores Market
- 16.1. UK Convenience Stores Market, Segmentation By Store Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 16.2. UK Convenience Stores Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
17. Germany Convenience Stores Market
- 17.1. Germany Convenience Stores Market, Segmentation By Store Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 17.2. Germany Convenience Stores Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
18. France Convenience Stores Market
- 18.1. France Convenience Stores Market, Segmentation By Store Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 18.2. France Convenience Stores Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
19. Eastern Europe Convenience Stores Market
- 19.1. Eastern Europe Convenience Stores Market Overview
- 19.2. Eastern Europe Convenience Stores Market, Segmentation By Store Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 19.3. Eastern Europe Convenience Stores Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
20. Russia Convenience Stores Market
- 20.1. Russia Convenience Stores Market, Segmentation By Store Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 20.2. Russia Convenience Stores Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
21. North America Convenience Stores Market
- 21.1. North America Convenience Stores Market Overview
- 21.2. North America Convenience Stores Market, Segmentation By Store Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 21.3. North America Convenience Stores Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
22. USA Convenience Stores Market
- 22.1. USA Convenience Stores Market Overview
- 22.2. USA Convenience Stores Market, Segmentation By Store Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 22.3. USA Convenience Stores Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
23. South America Convenience Stores Market
- 23.1. South America Convenience Stores Market Overview
- 23.2. South America Convenience Stores Market, Segmentation By Store Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 23.3. South America Convenience Stores Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
24. Brazil Convenience Stores Market
- 24.1. Brazil Convenience Stores Market, Segmentation By Store Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 24.2. Brazil Convenience Stores Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
25. Middle East Convenience Stores Market
- 25.1. Middle East Convenience Stores Market Overview
- 25.2. Middle East Convenience Stores Market, Segmentation By Store Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 25.3. Middle East Convenience Stores Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
26. Africa Convenience Stores Market
- 26.1. Africa Convenience Stores Market Overview
- 26.2. Africa Convenience Stores Market, Segmentation By Store Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 26.3. Africa Convenience Stores Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
27. Convenience Stores Market Competitive Landscape And Company Profiles
- 27.1. Convenience Stores Market Competitive Landscape
- 27.2. Convenience Stores Market Company Profiles
- 27.2.1. Casey's General Stores Inc.
- 27.2.1.1. Overview
- 27.2.1.2. Products and Services
- 27.2.1.3. Strategy
- 27.2.1.4. Financial Performance
- 27.2.2. Alimentation Couche-Tard Inc.
- 27.2.2.1. Overview
- 27.2.2.2. Products and Services
- 27.2.2.3. Strategy
- 27.2.2.4. Financial Performance
- 27.2.3. Murphy USA Inc.
- 27.2.3.1. Overview
- 27.2.3.2. Products and Services
- 27.2.3.3. Strategy
- 27.2.3.4. Financial Performance
- 27.2.4. Parkland Corporation
- 27.2.4.1. Overview
- 27.2.4.2. Products and Services
- 27.2.4.3. Strategy
- 27.2.4.4. Financial Performance
- 27.2.5. 7-Eleven Inc.
- 27.2.5.1. Overview
- 27.2.5.2. Products and Services
- 27.2.5.3. Strategy
- 27.2.5.4. Financial Performance
28. Key Mergers And Acquisitions In The Convenience Stores Market
29. Convenience Stores Market Future Outlook and Potential Analysis
30. Appendix
- 30.1. Abbreviations
- 30.2. Currencies
- 30.3. Historic And Forecast Inflation Rates
- 30.4. Research Inquiries
- 30.5. The Business Research Company
- 30.6. Copyright And Disclaimer