(I-BusinessNews.Com, June 05, 2021 ) Convenience, mom and pop stores are increasingly offering fresh, food-to-go and evening meal options to entice customers and to increase their revenues. To meet the changing consumer preference and to be more convenient for customers, convenience stores are increasingly providing their customers more food options. According to a study by Data essential in 2018, 36% of consumers frequently buy prepared foods when they visit c-stores, and 35% do so occasionally. Companies such as 7-Eleven, known for its slurpees and hotdogs, recently started selling locally made items in select markets, including chipotle chicken bowls, chicken parmesan and macaroni and cheese, to serve a more diverse set of consumers and thus increase their revenues.
The convenience, mom and pop stores market consists of sales of goods and some services through convenience, mom and pop stores by entities (usually sole traders or partnerships but in some cases organizations) that provide the retail service of supplying food, toiletries and other daily necessities to their consumers through conveniently located small stores.
Convenience, mom and pop stores are neighborhood retail outlets; in the case of this report, it refers only to those which sell a limited range of food and groceries such as prepared and ready-to-eat foods, bottled and fountain beverages, household staples, basic toiletries, tobacco products, periodicals and other essential items. These types of stores are mostly smaller in size, generally around 300 square meters, have limited employees and are open for extended hours. Convenience, mom and pop stores can be a family owned business or a retail chain business.
Convenience, Mom And Pop Stores Market Report Segments:
a. Convenience Stores
b. Mom And Pop Stores
a. Retail Chain
b. Independent Stores
Read More On The Global Convenience, Mom And Pop Stores Market Report:
Convenience, Mom And Pop Stores Market Size Forecast:
The global convenience, mom and pop stores market reached a value of nearly $960.8 billion in 2019, having grown at a compound annual growth rate (CAGR) of 5.5% since 2015, and is expected to grow at a CAGR of 5.7% to nearly $ 1,201.3 billion by 2023.Also the market is expected to growth to $1,370.6 billion in 2025 at a CAGR of 6.8% and to $1,851.1 billion in 2030 at a CAGR of 6.2%.
Major Players in the Convenience, Mom And Pop Stores Market:
Global Convenience Mom And Pop Stores Market - By Type (Convenience Stores, Mom And Pop Stores), By Ownership (Retail Chain, Independent Stores), And By Region, Opportunities And Strategies - Global Forecast To 2030 is one of a series of new reports from The Business Research Company that provide market overviews, analyze and forecast market size and growth for the whole market, segments and geographies, trends, drivers, restraints, leading competitors’ revenues, profiles and market shares in over 1,000 industry reports, covering over 2,500 market segments and 60 geographies. The report also gives in-depth analysis of the impact of COVID-19 on the market. The reports draw on 150,000 datasets, extensive secondary research, and exclusive insights from interviews with industry leaders. A highly experienced and expert team of analysts and modelers provides market analysis and forecasts. The reports identify top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
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