The convenience stores market size has grown rapidly in recent years. It will grow from $1.14 trillion in 2024 to $1.26 trillion in 2025 at a compound annual growth rate (CAGR) of 11.2%. The growth in the historic period can be attributed to changing consumer lifestyles, urbanization trends, product assortment and convenience, extended operating hours, rise in single-person households.
The convenience stores market size is expected to see strong growth in the next few years. It will grow to $1.75 trillion in 2029 at a compound annual growth rate (CAGR) of 8.4%. The growth in the forecast period can be attributed to digital and contactless payments, focus on health and wellness, integration of e-commerce and delivery services, sustainability initiatives, diverse and ethnic product offerings. Major trends in the forecast period include contactless shopping and payment options, integration of ai and analytics for customer insights, collaborations with food delivery platforms, innovations in store design and layout, rise of micro-fulfillment centers.
The projected increase in consumer disposable income is anticipated to significantly drive the growth of the convenience store market in the near future. Disposable income, which denotes the remaining amount after income tax deductions, is pivotal in influencing consumer spending behaviors. With higher disposable incomes, consumers tend to allocate more funds towards purchasing goods and services, consequently amplifying the demand for convenience stores. For instance, data released in December 2022 by the Ministry of Statistics and Program Implementation in India showcased an upsurge in consumer disposable income, reaching 274.13 million in 2022 from 238.57 million in 2021. A global surge in disposable incomes and family expenditures by 2.6% in 2022 further highlights this trend, indicating a propensity for increased convenience store patronage.
The ongoing trend of urbanization is expected to be a driving force behind the escalating growth of the convenience store market. Urbanization refers to the transformation of rural regions into urban areas due to economic development and industrial growth. Convenience stores play a crucial role in densely populated urban locales by offering swift and accessible solutions for everyday necessities. As per a report from the World Bank Group in April 2023, over half of the world's population currently resides in urban settings. Projections suggest a surge in urban populations to 6 billion by 2045, signifying a 1.5 times increase. This escalating urbanization trend directly contributes to the burgeoning demand for convenience stores due to their suitability and relevance in meeting the needs of urban dwellers.
The integration of technological advancements stands as a pivotal trend propelling growth within the convenience store market. Major companies invested in this market are actively leveraging new technologies to enhance their business operations. For instance, in January 2022, Amazon, a prominent US-based e-commerce company, introduced its groundbreaking 'Just Walk Out' technology in convenience stores. This technology facilitates a rapid, hassle-free shopping experience for customers by eliminating the need for traditional checkouts. Designed to cater to varying industries and store sizes, the technology offers swift transactions, particularly beneficial in high-demand scenarios or for time-pressed customers. Its scalability enables retailers to efficiently manage diverse customer volumes and product assortments within their stores.
Major companies in the convenience store market are introducing advanced products, such as autonomous micro-retail stores, to enhance consumer accessibility and improve the shopping experience. Autonomous micro-retail stores are compact, often automated retail environments that offer a curated selection of essential items, providing convenience to customers in urban areas or locations with high foot traffic. For example, in August 2023, Juxta, a US-based technology company specializing in autonomous retail solutions, launched Nomad, its first autonomous micro-retail store. This innovative concept focuses on delivering a mobile, autonomous shopping experience that enhances convenience retailing. It employs advanced technologies, including artificial intelligence (AI) and computer vision, to monitor customer selections and facilitate an automated checkout process.
In March 2022, Majors Management, LLC, a US-based property management company, executed a strategic acquisition of sixty-nine convenience store locations from Circle K Stores, Inc., a renowned US-based convenience store company, for an undisclosed sum. This acquisition marks Majors Management's expansion into additional states within the US. The move signifies Majors Management's strategic growth initiative, expanding its operational footprint and market presence within the convenience store industry.
Major companies operating in the convenience stores market include Casey's General Stores Inc., Alimentation Couche-Tard Inc., Murphy USA Inc., Parkland Corporation, 7-Eleven Inc., FamilyMart Co. Ltd., OXXO, Amazon.com Inc., Best-One, BGF Retail Co. Ltd., Sunoco LP, Bargain Booze Ltd., Speedway LLC, Lawson Inc., Wawa Inc., Cumberland Farms Inc., Al Madina Hypermarket, ConocoPhillips, Love's Travel Stops & Country Stores, Pilot Corporation, QuickChek Corporation, QuickTrip Corporation, RaceTrac Inc., Royal Farms Inc., Rutter's Holdings Inc., Sheetz Inc., Stripes Convenience Stores, SuperAmerica LLC, Thorntons LLC, Tom Thumb Food Stores, Turkey Hill Dairy, United Dairy Farmers Inc., Yesway Holdings Inc.
North America was the largest region in the convenience stores market in 2024. The regions covered in the convenience stores market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the convenience stores market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
Convenience stores are retail establishments that offer a limited assortment of essential items, including packaged foods and medicines, and are known for their extended operating hours to cater to customer convenience. These stores are strategically located to provide quick access to a diverse range of products, including groceries, food, gasoline, and more.
The main types of convenience stores include kiosks, mini convenience stores, limited selection convenience stores, traditional convenience stores, expanded convenience stores, and hyper-convenience stores. Cigarettes and tobacco products consist of narrow cylinders containing combustible substances, typically tobacco, rolled into thin paper for smoking. These products are sold by retail chains and independent retailers and encompass various categories such as cigarettes and tobacco, foodservice, packaged beverages, center store items, low-alcoholic beverages, and others.
The convenience stores market research report is one of a series of new reports 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.
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.
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 organizations 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 supply chain or as part of other products.
This product will be delivered within 3-5 business days.
The convenience stores market size is expected to see strong growth in the next few years. It will grow to $1.75 trillion in 2029 at a compound annual growth rate (CAGR) of 8.4%. The growth in the forecast period can be attributed to digital and contactless payments, focus on health and wellness, integration of e-commerce and delivery services, sustainability initiatives, diverse and ethnic product offerings. Major trends in the forecast period include contactless shopping and payment options, integration of ai and analytics for customer insights, collaborations with food delivery platforms, innovations in store design and layout, rise of micro-fulfillment centers.
The projected increase in consumer disposable income is anticipated to significantly drive the growth of the convenience store market in the near future. Disposable income, which denotes the remaining amount after income tax deductions, is pivotal in influencing consumer spending behaviors. With higher disposable incomes, consumers tend to allocate more funds towards purchasing goods and services, consequently amplifying the demand for convenience stores. For instance, data released in December 2022 by the Ministry of Statistics and Program Implementation in India showcased an upsurge in consumer disposable income, reaching 274.13 million in 2022 from 238.57 million in 2021. A global surge in disposable incomes and family expenditures by 2.6% in 2022 further highlights this trend, indicating a propensity for increased convenience store patronage.
The ongoing trend of urbanization is expected to be a driving force behind the escalating growth of the convenience store market. Urbanization refers to the transformation of rural regions into urban areas due to economic development and industrial growth. Convenience stores play a crucial role in densely populated urban locales by offering swift and accessible solutions for everyday necessities. As per a report from the World Bank Group in April 2023, over half of the world's population currently resides in urban settings. Projections suggest a surge in urban populations to 6 billion by 2045, signifying a 1.5 times increase. This escalating urbanization trend directly contributes to the burgeoning demand for convenience stores due to their suitability and relevance in meeting the needs of urban dwellers.
The integration of technological advancements stands as a pivotal trend propelling growth within the convenience store market. Major companies invested in this market are actively leveraging new technologies to enhance their business operations. For instance, in January 2022, Amazon, a prominent US-based e-commerce company, introduced its groundbreaking 'Just Walk Out' technology in convenience stores. This technology facilitates a rapid, hassle-free shopping experience for customers by eliminating the need for traditional checkouts. Designed to cater to varying industries and store sizes, the technology offers swift transactions, particularly beneficial in high-demand scenarios or for time-pressed customers. Its scalability enables retailers to efficiently manage diverse customer volumes and product assortments within their stores.
Major companies in the convenience store market are introducing advanced products, such as autonomous micro-retail stores, to enhance consumer accessibility and improve the shopping experience. Autonomous micro-retail stores are compact, often automated retail environments that offer a curated selection of essential items, providing convenience to customers in urban areas or locations with high foot traffic. For example, in August 2023, Juxta, a US-based technology company specializing in autonomous retail solutions, launched Nomad, its first autonomous micro-retail store. This innovative concept focuses on delivering a mobile, autonomous shopping experience that enhances convenience retailing. It employs advanced technologies, including artificial intelligence (AI) and computer vision, to monitor customer selections and facilitate an automated checkout process.
In March 2022, Majors Management, LLC, a US-based property management company, executed a strategic acquisition of sixty-nine convenience store locations from Circle K Stores, Inc., a renowned US-based convenience store company, for an undisclosed sum. This acquisition marks Majors Management's expansion into additional states within the US. The move signifies Majors Management's strategic growth initiative, expanding its operational footprint and market presence within the convenience store industry.
Major companies operating in the convenience stores market include Casey's General Stores Inc., Alimentation Couche-Tard Inc., Murphy USA Inc., Parkland Corporation, 7-Eleven Inc., FamilyMart Co. Ltd., OXXO, Amazon.com Inc., Best-One, BGF Retail Co. Ltd., Sunoco LP, Bargain Booze Ltd., Speedway LLC, Lawson Inc., Wawa Inc., Cumberland Farms Inc., Al Madina Hypermarket, ConocoPhillips, Love's Travel Stops & Country Stores, Pilot Corporation, QuickChek Corporation, QuickTrip Corporation, RaceTrac Inc., Royal Farms Inc., Rutter's Holdings Inc., Sheetz Inc., Stripes Convenience Stores, SuperAmerica LLC, Thorntons LLC, Tom Thumb Food Stores, Turkey Hill Dairy, United Dairy Farmers Inc., Yesway Holdings Inc.
North America was the largest region in the convenience stores market in 2024. The regions covered in the convenience stores market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the convenience stores market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
Convenience stores are retail establishments that offer a limited assortment of essential items, including packaged foods and medicines, and are known for their extended operating hours to cater to customer convenience. These stores are strategically located to provide quick access to a diverse range of products, including groceries, food, gasoline, and more.
The main types of convenience stores include kiosks, mini convenience stores, limited selection convenience stores, traditional convenience stores, expanded convenience stores, and hyper-convenience stores. Cigarettes and tobacco products consist of narrow cylinders containing combustible substances, typically tobacco, rolled into thin paper for smoking. These products are sold by retail chains and independent retailers and encompass various categories such as cigarettes and tobacco, foodservice, packaged beverages, center store items, low-alcoholic beverages, and others.
The convenience stores market research report is one of a series of new reports 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.
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.
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 organizations 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 supply chain or as part of other products.
This product will be delivered within 3-5 business days.
Table of Contents
1. Executive Summary2. Convenience Stores Market Characteristics3. Convenience Stores Market Trends and Strategies4. Convenience Stores Market - Macro Economic Scenario Including the Impact of Interest Rates, Inflation, Geopolitics, and the Recovery from COVID-19 on the Market32. Global Convenience Stores Market Competitive Benchmarking and Dashboard33. Key Mergers and Acquisitions in the Convenience Stores Market34. Recent Developments in the Convenience Stores Market
5. Global Convenience Stores Growth Analysis and Strategic Analysis Framework
6. Convenience Stores Market Segmentation
7. Convenience Stores Market Regional and Country Analysis
8. Asia-Pacific Convenience Stores Market
9. China Convenience Stores Market
10. India Convenience Stores Market
11. Japan Convenience Stores Market
12. Australia Convenience Stores Market
13. Indonesia Convenience Stores Market
14. South Korea Convenience Stores Market
15. Western Europe Convenience Stores Market
16. UK Convenience Stores Market
17. Germany Convenience Stores Market
18. France Convenience Stores Market
19. Italy Convenience Stores Market
20. Spain Convenience Stores Market
21. Eastern Europe Convenience Stores Market
22. Russia Convenience Stores Market
23. North America Convenience Stores Market
24. USA Convenience Stores Market
25. Canada Convenience Stores Market
26. South America Convenience Stores Market
27. Brazil Convenience Stores Market
28. Middle East Convenience Stores Market
29. Africa Convenience Stores Market
30. Convenience Stores Market Competitive Landscape and Company Profiles
31. Convenience Stores Market Other Major and Innovative Companies
35. Convenience Stores Market High Potential Countries, Segments and Strategies
36. Appendix
Executive Summary
Convenience Stores Global Market Report 2025 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.
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Description
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 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.
- the market characteristics section of the report defines and explains the market.
- the market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
- the forecasts are made after considering the major factors currently impacting the market. These include:
- the forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.
- Market segmentations break down the market into sub markets.
- the regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
- the competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
- the trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
Scope
Markets Covered:
1) by Store Type: Kiosks; Mini Convenience Store; Limited Selection Convenience Store; Traditional Convenience Store; Expanded Convenience Store; Hyper Convenience Store2) by Ownership: Retail Chain; Independent Retailer
3) by Product Type: Cigarettes and Tobacco; Foodservice; Packaged Beverages; Center Store; Low Alcoholic Beverages; Other Product Types
Subsegments:
1) by Kiosks: Mobile Kiosks; Stationary Kiosks2) by Mini Convenience Store: Small-Format Stores; Express Stores
3) by Limited Selection Convenience Store: Narrow Product Range Stores; Focused Offering Stores
4) by Traditional Convenience Store: Standard Convenience Stores; Neighborhood Stores
5) by Expanded Convenience Store: Larger Footprint Stores; Broader Product Offerings
6) by Hyper Convenience Store: High-Volume Convenience Stores; Supermarket-Style Convenience Stores
Key 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; Canada; Italy; Spain
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 Segmentation: 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.
Companies Mentioned
Some of the major companies featured in this Convenience Stores market report include:- Casey's General Stores Inc.
- Alimentation Couche-Tard Inc.
- Murphy USA Inc.
- Parkland Corporation
- 7-Eleven Inc.
- FamilyMart Co. Ltd.
- OXXO
- Amazon.com Inc.
- Best-One
- BGF Retail Co. Ltd.
- Sunoco LP
- Bargain Booze Ltd.
- Speedway LLC
- Lawson Inc.
- Wawa Inc.
- Cumberland Farms Inc.
- Al Madina Hypermarket
- ConocoPhillips
- Love's Travel Stops & Country Stores
- Pilot Corporation
- QuickChek Corporation
- QuickTrip Corporation
- RaceTrac Inc.
- Royal Farms Inc.
- Rutter's Holdings Inc.
- Sheetz Inc.
- Stripes Convenience Stores
- SuperAmerica LLC
- Thorntons LLC
- Tom Thumb Food Stores
- Turkey Hill Dairy
- United Dairy Farmers Inc.
- Yesway Holdings Inc.
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 200 |
| Published | February 2025 |
| Forecast Period | 2025 - 2029 |
| Estimated Market Value ( USD | $ 1268.27 Billion |
| Forecasted Market Value ( USD | $ 1753.22 Billion |
| Compound Annual Growth Rate | 8.4% |
| Regions Covered | Global |
| No. of Companies Mentioned | 34 |
