Who are the key players in Convenience Store Market?

Parkland Corporation, Family Mart, 7 Eleven, 24 SEVEN and Alfamart are the major companies operating in the Convenience Store Market. Read More

What years does this Convenience Store Market cover, and what was the market size in 2023?

In 2023, the Convenience Store Market size was estimated at USD 622.89 billion. The report covers the Convenience Store Market historical market size for years: 2020, 2021, 2022 and 2023. The report also forecasts the Convenience Store Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

What are the major market trends in the Convenience Store Market?

The major market trends in the Convenience Store Market are a) Emphasis on digital transformation: mobile payment options, self-checkout and inventory management systems b) Growing importance of private label brands c) Focus on sustainability: reducing plastic waste and offering eco-friendly packaging options Read More

Convenience Store Market Size

Market Size of Convenience Store Industry

Study Period	2020 - 2029
Base Year For Estimation	2023
Market Size (2024)	USD 663.5 Billion
Market Size (2029)	USD 892.95 Billion
CAGR (2024 - 2029)	6.12 %
Market Concentration	Low
Major Players *Disclaimer: Major Players sorted in no particular order

Convenience Store Market Analysis

The Convenience Store Market size is estimated at USD 663.5 billion in 2024, and is expected to reach USD 892.95 billion by 2029, growing at a CAGR of 6.12% during the forecast period (2024-2029).

The global convenience store industry is expanding, meeting the demands of time-pressed customers who appreciate easy access to necessities and convenience. Convenience stores are ubiquitous across nearly all nations, providing diverse products and services. In many countries, convenience stores are an integral part of daily life. They allow people to grab snacks, beverages, basic groceries, and other daily necessities without visiting larger supermarkets. The extended operating hours of convenience stores make them accessible even during evenings and weekends when other stores may be closed.

The global population and population density are continuously rising; existing retail convenience stores are rising to meet the increasing demand. A convenience store provides easy access to products from nearby stores, and with some stores opening 24 hours a day, customers can access their products when needed. One of the critical advantages of convenience stores is their strategic locations. They are often found in residential areas, near transportation hubs, or in commercial districts, facilitating their easy accessibility to a diverse clientele. In recent years, technology has also had a big impact on the convenience store industry. Some stores have implemented self-checkout systems, contactless payment options, and mobile apps for seamless shopping experiences.

Convenience Store Industry Segmentation

A convenience store is a retail shop that makes available essential goods consisting of groceries like eggs, bread, butter, and milk, over-the-counter medicines, soft drinks, etc., with a few convenience stores selling limited alcohol products.

The convenience store market is segmented by product types, store types, and region. By product types, the market is sub-segmented into staple products, impulse products, and emergency products. By store types, the market is sub-segmented into kiosks, mini convenience stores, limited selection convenience stores, traditional convenience stores, expanded convenience stores, and hyper convenience stores. By region, the market is sub-segmented into North America, Latin America, Europe, the Middle East and Africa, and Asia Pacific.

The report offers market size and forecasts for the convenience store market in value (USD) for all the above segments.

By Product types
		Staple Products
		Impulse Products
		Emergency Products

By Store Types
		Kiosks
		Mini Convenience Stores
		Limited Selection Convenience Stores
		Traditional Convenience Stores
		Expanded Convenience Stores
		Hyper Convenience Stores

By Region
		North America
		Latin America
		Europe
		Middle East and Africa
		Asia-Pacific

Need A Different Region Or Segment?

Customize Now

Convenience Store Market Size Summary

The convenience store market is experiencing significant growth, driven by the increasing demand for accessible and time-saving shopping options. These stores are strategically located in residential areas, near transportation hubs, and commercial districts, making them easily accessible to a diverse customer base. The extended operating hours, often 24/7, cater to consumers' needs for convenience, especially during evenings and weekends. The integration of technology, such as self-checkout systems and mobile apps, has further enhanced the shopping experience, attracting more customers. The market is characterized by a diversification of product offerings, including fresh food and healthier options, which align with changing consumer preferences and the demand for nutritious choices.

In the Asia-Pacific region, the convenience store market is witnessing substantial growth due to rapid urbanization and the rising purchasing power of the middle class, particularly in countries like China and Vietnam. The proliferation of convenience stores is supported by improved infrastructure and collaborative agreements among local businesses. Independent convenience stores are emerging globally, contributing to increased foot traffic as they offer fresh products. Major players in the market, such as 7-Eleven, Family Mart, and Alfamart, continue to lead with significant market shares. Recent acquisitions, like those by 7-Eleven and Casey's General Stores, highlight the ongoing expansion and rebranding efforts within the industry, further driving market growth.

Explore More

Convenience Store Market Size - Table of Contents

1. MARKET DYNAMICS AND INSIGHTS
1. 1.1 Market Overview
2. 1.2 Market Drivers
3. 1.3 Market Restraints
4. 1.4 Industry Value Chain Analysis
5. 1.5 Industry Attractiveness - Porter's Five Forces Analysis
  1. 1.5.1 Bargaining Power of Buyers
  2. 1.5.2 Bargaining Power of Suppliers
  3. 1.5.3 Threat of New Entrants
  4. 1.5.4 Threat of Substitutes
  5. 1.5.5 Intensity of Competitive Rivalry
6. 1.6 Insights of Technology Innovations in the Market
7. 1.7 Impact of COVID-19 on the Market
2. MARKET SEGMENTATION
1. 2.1 By Product types
  1. 2.1.1 Staple Products
  2. 2.1.2 Impulse Products
  3. 2.1.3 Emergency Products
2. 2.2 By Store Types
  1. 2.2.1 Kiosks
  2. 2.2.2 Mini Convenience Stores
  3. 2.2.3 Limited Selection Convenience Stores
  4. 2.2.4 Traditional Convenience Stores
  5. 2.2.5 Expanded Convenience Stores
  6. 2.2.6 Hyper Convenience Stores
3. 2.3 By Region
  1. 2.3.1 North America
  2. 2.3.2 Latin America
  3. 2.3.3 Europe
  4. 2.3.4 Middle East and Africa
  5. 2.3.5 Asia-Pacific