The global convenience, mom and pop stores market size is expected to grow from $0.92 trillion in 2021 to $1.04 trillion in 2022 at a compound annual growth rate (CAGR) of 13.0%. The global convenience, mom and pop store market size is expected to grow to $1.66 trillion in 2026 at a CAGR of 12.3%.
What is the Global Convenience, Mom And Pop Stores Market?
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.
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What drives the Global Convenience, Mom And Pop Stores Market?
The convenience, mom and pop stores are adopting a robust and cohesive strategy for data analytics in management. This technology is being deployed to enhance supply chain efficiency, streamline operations to engage customers, and build loyalty, data has become critical for most retail operations. For instance, the global retail analytics market raised $5.1 billion in 2020. With the rapid growth in retail data and the availability of technologies to analyze data, it will become easier for convenience, mom and pop stores to identify and meet the needs and expectations of their customers, thus it is expected to drive the market going forward.
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Global Convenience, Mom And Pop Stores Market Segments
The global convenience, mom and pop stores market is segmented:
By Type: Convenience Stores, Mom and Pop Stores
By Ownership: Retail Chain, Independent Retailer
By Price Range: Premium, Mid-Range, Economy
By Geography: 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, and Africa.
Convenience, Mom And Pop Stores Global Market Report 2022provides market size and growth forecasts for the global convenience, mom and pop stores market, global convenience, mom and pop stores market share, convenience, mom and pop stores market segments and geographies, convenience, mom and pop stores market competitive landscape including leading competitors’ revenues, profiles and market shares. The convenience, mom and pop stores market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
Global Convenience, Mom And Pop Stores Industry Playersinclude Itochu Corp, Seven & i Holdings Co. Ltd., Auchan Holding SA, Casino Guichard-Perrachon SA, SPAR International, Magnit, Amazon.com Inc, Tesco PLC, Love's Travel Stops & Country Stores, and Alimentation Couche-Tard Inc. Based on industry trends and company analysis, the report explains a number of strategies for companies in the market.
