What Has Been Mom and Pop Store Market in Recent Years?
The mom and pop store market has seen considerable growth due to a variety of factors.
• The sector of small, family-run businesses has seen swift expansion in recent periods. Its market size will surge from $149.03 billion in 2024 to $175.43 billion in 2025, boasting a compound annual growth rate (CAGR) of 17.7%.
The upsurge in the past duration has been due to local community backing, tailored customer service, unique and particular services and products, nimbleness, and community participation.
What is the Forecasted Market Size and CAGR for the Mom and Pop Store Market?
The mom and pop store market is expected to maintain its strong growth trajectory in upcoming years.
• Expectations are high for the mom and pop store market, with ambitious forecasts of rapid expansion in the upcoming years. By 2029, the market is predicted to be worth $291.92 billion, growing at a compound annual growth rate (CAGR) of 13.6%.
Reasons for this growth can be connected with increased focus on sustainable and local products, accommodating evolving consumer tastes, collaborations with local craftspeople and manufacturers, enhanced shopping experiences, the ability to withstand crises, and local patronage. Noteworthy trends for the forecasted period encompass establishing a digital footprint and integrating with e-commerce, initiating digital transition for smaller businesses, emphasizing local and craftsmen products, fostering community involvement and customized services, and incorporating technology for effective operations.
What Main Forces Are Fueling Expansion In The Mom and Pop Store Market?
The enhancement in the mom-and-pop store market seems likely due to the anticipated surge in personalized customer service. Personalized customer service in this context is understood as a specialized service offered to shoppers by the store's owners or staff, designed exclusively to cater to each customer's distinctive requirements. This turning point towards such individualized service arises out of shoppers' cognizance of the influence of their buying choices and the desire for unconventional products. This, in turn, elevates the overall customer service milieu and customer contentment. The result? An increase in customer preservation and loyalty for these mom-and-pop shops. To illustrate, in October 2024, as per data from InMoment, a non-government organization in the USA, about 71% of consumers prioritize a tailored customer experience, and 78% tend to re-patronize brands offering this personalized touch. Hence, it's clear that individualized customer service is the driving force behind the expansion of the mom-and-pop store market.
What are the Market Segments in the Mom and Pop Store Market?
The mom and pop store market covered in this report is segmented –
1) By Type: Personal Care, Cribs And Strollers, Vitamins And Dietary Supplements, Feeding Suppliers, Toys
2) By Price Range: Premium, Mid-Range, Economy
3) By Ownership: Retail Chain, Independent Retailer
4) By Distribution Channel: Online Stores, Offline Stores
Subsegments:
1) By Personal Care: Baby Care Products, Skin Care Products, Hair Care Products
2) By Cribs and Strollers: Cribs, Playpens, Strollers and Car Seats
3) By Vitamins and Dietary Supplements: Infant Vitamins, Prenatal Vitamins, Probiotics
4) By Feeding Supplies: Baby Bottles, Pacifiers, High Chairs
5) By Toys: Educational Toys, Plush Toys, Activity Centers
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What Trends are Shaping the Mom and Pop Store Market?
Technological advancements are a prevalent trend being embraced in the mom-and-pop stores market. Key companies operating in this market are striving to maintain their market standing by creating state-of-the-art technology. For example, in July 2022, US-based Wisy Platforms, Inc., a firm offering retail intelligence solutions, launched an artificial intelligence platform. The goal of this platform is to simplify inventory tracking, such as identifying products available but not yet displayed, for retailers. With WisyAI, retail workers can quickly understand the inventory, reduce losses, and sell products more efficiently. This technology mitigates the need for manual inventory tracking and minimizes mistakes.
Who Are the Key Players in the Mom and Pop Store Market?
Major companies operating in the mom and pop store market include:
• ITOCHU Corporation
• Seven & i Holdings Co Ltd.
• 7-Eleven Inc. Alimentation Couche-Tard Inc.
• Auchan Holding SA
• Casino Guichard-Perrachon SA
• Murphy USA Inc.
• Love's Travel Stops & Country Stores Inc.
• Food Lion LLC
• RaceTrac Petroleum Inc.
• Cumberland Farms Inc.
• Casey's General Stores Inc.
• Sheetz Inc.
• Wegmans Food Markets Inc.
• Wawa Inc.
• QuikTrip Corporation
• Pilot Company
• Circle K Stores Inc. Tesco PLC
• Ingles Markets Inc.
• Raley's Family of Fine Stores Buc-ee's Ltd.
• GPM Investments LLC
• Kwik Trip Inc.
• SPAR International
• The Fresh Market Inc.
• Holiday Stationstores Inc.
• Royal Farms Inc.
• Farm Boy Inc.
• Maverik Inc.
• WinCo Foods LLC
What are the Regional Insights into the Mom and Pop Store Market?
Asia-Pacific was the largest region in the mom and pop stores market in 2024. The regions covered in the mom and pop store market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
