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Convenience Stores Market

Convenience Stores Market Size, Share and Segmentation by Product Types (Gasoline, Food, Fresh, Packed, Beverages, Tobacco, Snacks & Refreshments, Grocery Items, and Financial Services), by Store Types (Kiosks, Mini Convenience Store, Limited Selection Convenience Store, Traditional Convenience Store, Expanded Convenience Store, and Hyper Convenience Store), by Regions and Global Market Forecast 2022-2028

Report Id: SNS/F&B/1520 | May 2022 | Region: Global | 130 Pages

Report Scope & Overview:

The Convenience Stores Market Size was valued at USD 2.23 trillion in 2021 and is expected to reach USD 3.33 trillion by 2028, and grow at a CAGR of 5.9% over the forecast period 2022-2028.

The odds and ends shop contain organizations, foundations, and organizations that are associated with the retail of fundamental staple things. The odds and ends shop industry sells normal items that incorporate an assortment of item types like fuel, food, new, pressed, drinks, tobacco, snacks and rewards, and staple things. Odds and ends shops are supplied with stock that has been bought from wholesalers and producers. Accessibility of item, openness and simple exchanges permits buyers to visit odds and ends shops, and the odds and ends shop offers sound and new items and this will help the general stores market during the estimated time frame. General stores have kept up with development and productivity by offering comfort, esteem, and a more noteworthy assortment of new and solid items notwithstanding the extreme economy and ascend in cost and rivalry.

Convenience Stores Market Revenue Graph

General stores are moving their item blend to offer more food administration things that have higher edges and fulfill interest for speedy and simple food choices. Different present-day corner shops have organizations with the corner stores, dairy stores, and numerous others, and the design and configuration of odds and end shops keep on being moderately little, the business has had the option to persevere and develop over time, regardless flourishes through their variation to a persistently evolving market. Corner shop administrators are supposed to keep on confronting fierce opposition from significant basic food item chains. The odds and ends shops industry has a low, however expanding level of fixation. The odds and ends shops are additionally progressively moving their item blend to offer more food administration things that have higher edges and fulfill interest for speedy and simple food choices. The worldwide odds and ends shops market is fragmented into the items, store types, and areas.

Market Dynamics:

Driving Factors:

  • Longer open hours and less storage space.

  • Fast buying of important items.

Restraining Factors:

  • Improvement of various retail choices like online business, candy machines, and fast serve cafés.

Opportunities:

  • Amazon has opened its corner shop with the name of 'Amazon Go Store'.

Challenges:

  • Numerous retail locations are expanding in number and are giving a similar product offering at a quicker pace utilizing the trendsetting innovations.

Impact of Covid-19:

Corner shops are acquiring prevalence as these stores contain every single essential thing, helping clients to get the expected things at whatever point required in a crisis. Also, the market is flooding because of long opening times that furnishes clients with speedy buying choices of the essential items when contrasted with other retail locations. The COVID-19 flare-up decidedly affected the market. Corner shops all over the planet have stayed strong to the pandemic, as clients visited corner shops to keep away from swarmed places like huge stores or stores.

Market Estimation:

By Product Type:

Based on item types, the worldwide corner shops market is partitioned into fuel, food, new, stuffed, drinks, tobacco, snacks and rewards, staple things, and monetary administrations. Gas held the biggest piece of the pie lately and it is normal to overwhelm and grow during the estimated time frame. The tobacco portion is expected to witness the most elevated CAGR because of the accessibility of the item in the stores and long open hours. Different fragments will add to the development of the corner shops market during the estimated time frame.

By Store type:

In light of store types, the worldwide odds and ends shops market is parted into booths, smaller than usual general stores, restricted choice corner shops, customary odds and ends shops, extended corner shops, and hyper corner shops. Every one of the fragments is assessed to add to the development of the market during the gauge time frame because of ascending popularity of the different items across the globe. The accessibility of the item in a specific store type as per the interest of the item will prompt an expansion in the development pace of the section and it will support the development of the market during the figure time frame.

Key Market Segments:

By Product Types:

  • Gasoline

  • Food

  • Fresh

  • Packed

  • Beverages

  • Tobacco

  • Snacks & Refreshments

  • Grocery items

  • Financial services

By Store Type:

  • Kiosks

  • Mini Convenience Store

  • Limited Selection Convenience Store

  • Traditional Convenience Store

  • Expanded Convenience Store

  • Hyper Convenience Store

Convenience Stores Market Segment Chart

Regional Analysis:

  • North America

    • USA

    • Canada

    • Mexico

  • Europe

    • Germany

    • UK

    • France

    • Italy

    • Spain

    • The Netherlands

    • Rest of Europe

  • Asia-Pacific

    • Japan

    • south Korea

    • China

    • India

    • Australia

    • Rest of Asia-Pacific

  • The Middle East & Africa

    • Israel

    • UAE

    • South Africa

    • Rest of Middle East & Africa

  • Latin America

    • Brazil

    • Argentina

    • Rest of Latin America

Based on locales, the worldwide general stores market is portioned into Asia Pacific, Europe, North America, the Middle East and Africa, and Latin America. North America held the biggest offer as of late and it is normal to overwhelm the worldwide odds and ends shops market during the estimated time frame because of the accessibility of items and the least opportunity to buy the item. Asia-Pacific is projected to extend during the estimated time frame as nations in this locale like India, China, and Malaysia beat the worldwide retail advancement file (GRDI) list as far as both size and energy accordingly ending up the potential to foster corner shop market which is at an underlying stage. Different districts are supposed to extend during the figure time frame because of the accessibility of items across the globe.

Key Players:

Casey's General Stores, Inc, Alimentation Couche-Tard Inc., Murphy USA Inc., Parkland Corporation, 7-Eleven, Alibaba Group Holding Limited, Amazon.com, Inc., FamilyMart, OXXO (FEMSA), Lawson Inc.

Convenience Stores Market report Scope:
Report Attributes Details
Market Size in 2021 US$ 2.23 trillion
Market Size by 2028 US$ 3.33 trillion
CAGR CAGR 5.9% From 2022 to 2028
Base Year 2021
Forecast Period 2022-2028
Historical Data 2017-2020
Report Scope & Coverage Market Size, Segments Analysis, Competitive  Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook
Key Segments • by Product Types (Gasoline, Food, Fresh, Packed, Beverages, Tobacco, Snacks & Refreshments, Grocery Items, and Financial Services)
• by Store Types (Kiosks, Mini Convenience Store, Limited Selection Convenience Store, Traditional Convenience Store, Expanded Convenience Store, and Hyper Convenience Store)
Regional Analysis/Coverage North America (USA, Canada, Mexico), Europe
(Germany, UK, France, Italy, Spain, Netherlands,
Rest of Europe), Asia-Pacific (Japan, South Korea,
China, India, Australia, Rest of Asia-Pacific), The
Middle East & Africa (Israel, +D11UAE, South Africa,
Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America)
Company Profiles Casey's General Stores, Inc, Alimentation Couche-Tard Inc., Murphy USA Inc., Parkland Corporation, 7-Eleven, Alibaba Group Holding Limited, Amazon.com, Inc., FamilyMart, OXXO (FEMSA), Lawson Inc.
Key Drivers •Longer open hours and less storage space.
•Fast buying of important items.
Market Challenges: •Numerous retail locations are expanding in number and are giving a similar product offering at a quicker pace utilizing the trendsetting innovations.


Frequently Asked Questions (FAQ) :


Table of Contents

 

1. Introduction

1.1 Market Definition

1.2 Scope

1.3 Research Assumptions

 

2. Research Methodology

 

3. Market Dynamics

3.1 Drivers

3.2 Restraints

3.3 Opportunities

3.4 Challenges

 

4. Impact Analysis

4.1 Covid 19 Impact Analysis

4.2 Impact of the Ukraine and Russia war

 

5. Value chain analysis

 

6. Porter’s 5 forces model

 

7. PEST analysis

 

8. Global Convenience Stores Market segmentation, by Product Types:

8.1 Gasoline

8.2 Food

8.3 Fresh

8.4 Packed

8.5 Beverages

8.6 Tobacco

8.7 Snacks & Refreshments

8.8 Grocery items

8.9 Financial services

 

9.  Global Convenience Stores Market segmentation, by Store Type:

9.1 Kiosks

9.2 Mini Convenience Store

9.3 Limited Selection Convenience Store

9.4 Traditional Convenience Store

9.5 Expanded Convenience Store

9.6 Hyper Convenience Store

 

10. Global Convenience Stores Market, by region/ country

10.1 Introduction

10.2 North America

10.2.1 USA

10.2.2 Canada

10.2.3 Mexico

10.3 Europe

10.3.1 Germany

10.3.2 UK

10.3.3 France

10.3.4 Italy

10.3.5 Spain

10.3.6 The Netherlands

10.3.7 Rest of Europe

10.4 Asia-Pacific

10.4.1 Japan

10.4.2 South Korea

10.4.3 China

10.4.4 India

10.4.5 Australia

10.4.6 Rest of Asia-Pacific

10.5 The Middle East & Africa

10.5.1 Israel

10.5.2 UAE

10.5.3 South Africa

10.5.4 Rest

10.6 Latin America

10.6.1 Brazil

10.6.2 Argentina

10.6.3 Rest of Latin America

 

11. Company profiles

11.1 Casey's General Stores, Inc

11.1.1 Financial

11.1.2 Products/ Services Offered

11.1.3 Swot Analysis

11.1.4 The SNS View

11.2 Alimentation Couche-Tard Inc.

11.3 Murphy USA Inc.

11.4 Parkland Corporation

11.5 7-Eleven

11.6 Alibaba Group Holding Limited

11.7 Amazon.com, Inc.

11.8 FamilyMart

11.9 OXXO (FEMSA)

11.10 Lawson Inc.

 

12. Competitive Landscape

12.1 Competitive Bench Marking

12.2 Market Share Analysis

12.3 Recent Developments

 

13. Conclusion

An accurate research report requires proper strategizing as well as implementation. There are multiple factors involved in the completion of good and accurate research report and selecting the best methodology to compete the research is the toughest part. Since the research reports we provide play a crucial role in any company’s decision-making process, therefore we at SNS Insider always believe that we should choose the best method which gives us results closer to reality. This allows us to reach at a stage wherein we can provide our clients best and accurate investment to output ratio.

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The 5 steps process:

Step 1: Secondary Research:

Secondary Research or Desk Research is as the name suggests is a research process wherein, we collect data through the readily available information. In this process we use various paid and unpaid databases which our team has access to and gather data through the same. This includes examining of listed companies’ annual reports, Journals, SEC filling etc. Apart from this our team has access to various associations across the globe across different industries. Lastly, we have exchange relationships with various university as well as individual libraries.

Secondary Research

Step 2: Primary Research

When we talk about primary research, it is a type of study in which the researchers collect relevant data samples directly, rather than relying on previously collected data.  This type of research is focused on gaining content specific facts that can be sued to solve specific problems. Since the collected data is fresh and first hand therefore it makes the study more accurate and genuine.

We at SNS Insider have divided Primary Research into 2 parts.

Part 1 wherein we interview the KOLs of major players as well as the upcoming ones across various geographic regions. This allows us to have their view over the market scenario and acts as an important tool to come closer to the accurate market numbers. As many as 45 paid and unpaid primary interviews are taken from both the demand and supply side of the industry to make sure we land at an accurate judgement and analysis of the market.

This step involves the triangulation of data wherein our team analyses the interview transcripts, online survey responses and observation of on filed participants. The below mentioned chart should give a better understanding of the part 1 of the primary interview.

Part 2: In this part of primary research the data collected via secondary research and the part 1 of the primary research is validated with the interviews from individual consultants and subject matter experts.

Consultants are those set of people who have at least 12 years of experience and expertise within the industry whereas Subject Matter Experts are those with at least 15 years of experience behind their back within the same space. The data with the help of two main processes i.e., FGDs (Focused Group Discussions) and IDs (Individual Discussions). This gives us a 3rd party nonbiased primary view of the market scenario making it a more dependable one while collation of the data pointers.

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