PUBLISHER: The Business Research Company | PRODUCT CODE: 1680357
PUBLISHER: The Business Research Company | PRODUCT CODE: 1680357
Convenience, Mom and Pop Stores are small, independently owned retail businesses that offer a limited selection of products and services. They provide local customers with quick access to everyday essentials, often promoting a sense of community and personalized service. Typically located in neighborhoods, these stores cater specifically to the needs of their surrounding clientele.
These stores primarily consist of convenience stores and mom-and-pop establishments. A convenience store, often franchised, typically operates for extended hours compared to standard stores. Convenience and mom-and-pop stores encompass a mix of retail chains and independent retailers, offering products across premium, mid-range, and economy price ranges.
The convenience, mom and pop stores market research report is one of a series of new reports from The Business Research Company that provides convenience, mom and pop stores market statistics, including convenience, mom and pop stores industry global market size, regional shares, competitors with a convenience, mom and pop stores market share, detailed convenience, mom and pop stores market segments, market trends and opportunities, and any further data you may need to thrive in the convenience, mom and pop stores industry. This convenience, mom-and-pop 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, mom and pop stores market size has grown rapidly in recent years. It will grow from $1289.14 billion in 2024 to $1443.7 billion in 2025 at a compound annual growth rate (CAGR) of 12.0%. The growth in the historic period can be attributed to strong economic growth in emerging markets, increasing population density in urban areas, FDI in retail in developing countries and rising popularity of the franchising concept.
The convenience, mom and pop stores market size is expected to see strong growth in the next few years. It will grow to $2045.14 billion in 2029 at a compound annual growth rate (CAGR) of 9.1%. The growth in the forecast period can be attributed to technological advancement, impact of data analytics, growing consumer preference for shopping local and longer open hours and the less store space. Major trends in the forecast period include investing in contact-free convenience store for ease of maintenance and cost reduction, automation techniques to streamline store operations, investing in IoT solutions to improve efficiency and enhance the decision-making process in store operations, adopting robotics to improve customers' convenience and the store's productivity, offering different food options to their consumers to increase their revenues, collaborating with well-known brands to grow their customer base, and reduce cost and increase sales, convenience, mom and pop stores must consider adopting digital platforms.
Convenience, mom-and-pop stores are strategically adopting a robust and integrated approach to data analytics in their management strategies. This technology is being leveraged to enhance supply chain efficiency, streamline operations, engage customers, and foster loyalty. Data has become a critical component for most retail operations, with a notable recognition of its significance. According to the World Economic Forum in July 2023, 60% of corporations view big data and analytics capabilities as increasingly crucial, and this technology is anticipated to create new jobs over the next 5 years. The forecast suggests that between 2023 and 2027, data science and data analytics may generate up to 1.4 million new jobs. As retail data experiences rapid growth and technologies for data analysis become more accessible, convenience stores and mom-and-pop stores are better positioned to identify and meet the needs and expectations of their customers, thereby driving market growth.
The convenience, mom-and-pop stores market is further poised for growth due to the rising consumer preference for personalized shopping experiences. Personalized shopping entails a tailored retail experience that aligns with individual customer preferences, behaviors, and purchasing history. These small-scale, often family-run businesses optimize their earnings by providing hands-on and personalized services tailored to the unique needs of their customers. For instance, a survey conducted by Adobe in June 2022 with 1,115 consumers across the US revealed that 67% of consumers expressed a desire for personalized offers based on their spending habits. This growing consumer preference for personalized shopping experiences is a key driver propelling the convenience, mom-and-pop stores market forward.
Convenience, mom-and-pop stores are increasingly embracing the concept of unmanned convenience stores, leveraging artificial intelligence and smartphone technology to eliminate the need for service personnel or cashiers. In these unmanned stores, each customer is assigned a virtual cart upon entry, and products are added or removed based on their actions. The deduction of the purchase amount occurs when the customer scans the products using a smartphone. Reflecting this trend, in January 2022, Omantel introduced E-Dukkan, the Middle East's first unmanned convenience store. Other examples of unmanned convenience stores include Amazon Go, Alibaba's Hema, and Bingo Box.
Leading companies in the convenience, mom-and-pop stores market are prioritizing the development of advanced solutions, such as infotainment platforms, to boost customer engagement and optimize operations. An infotainment platform is an integrated system combining information and entertainment services, commonly used in vehicles or retail settings. It provides users with access to multimedia content, real-time data, and interactive features, enriching the overall user experience. For example, in July 2023, PayNearby, an India-based fintech company offering financial services through retail stores, launched PayNearby Radio for small retailers, delivering life skills content. This platform provides substantial benefits by offering easily accessible, bite-sized content that merges entertainment with crucial life-skill guidance. It enhances retailer engagement with customized advice on shop modernization, income growth, and health care, enabling users to incorporate valuable insights into their daily routines.
Major companies operating in the convenience, mom and pop stores market include Seven & I Holdings Co. Ltd., Carrefour SA, Auchan Holding SA, Alimentation Couche-Tard Inc., FamilyMart, Wawa Inc., Kwik Trip Inc., EG Group, Love's Travel Stops & Country Stores, Bianlifeng, Suning Xiaodian, Lawson, Ministop, Metcash, Think Convenience, GS25, SPAR, Tesco, Musgrave, Sainsbury's, Co-operative Group Limited, McColl's, Groupe Casino, Profi, Stokrotka Sp. z o.o., Perekrestok Express, Magnit, Zabka, Spolem, Groszek, Eurocash, Casey's general stores, Marathon Petroleum Corporation, Raizen Conveniencias, Cencosud, Cia Brasileira de Distribuicao, Savola, Almeera Group, Al Madina Group, Lulu, Circle K, FreshStop, Food Lover's Market, Pick n Pay, Shoprite, Freshzo Foods
Asia-Pacific was the largest region in the convenience, mom, and pop stores market in 2024. Africa was the second-largest region in the convenience, mom, and pop stores market. The regions covered in the convenience, mom and pop stores market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
The countries covered in the convenience, mom and pop stores market report are Australia, China, India, Indonesia, Japan, South Korea, Bangladesh, Thailand, Vietnam, Malaysia, Singapore, Philippines, Hong Kong, New Zealand, USA, Canada, Mexico, Brazil, Chile, Argentina, Colombia, Peru, France, Germany, UK, Austria, Belgium, Denmark, Finland, Ireland, Italy, Netherlands, Norway, Portugal, Spain, Sweden, Switzerland, Russia, Czech Republic, Poland, Romania, Ukraine, Saudi Arabia, Israel, Iran, Turkey, UAE, Egypt, Nigeria, South Africa
The convenience, mom and pop stores market include revenues earned by entities by providing services through kiosks, limited format stores, traditional stores and hyper stores. 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.
Convenience, Mom And Pop Stores Global Market Report 2025 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, mom and pop 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.
Where is the largest and fastest growing market for convenience, mom and pop 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, mom and pop 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.
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.