The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

Personalised customer service is likely to foster innovation in mom and pop store production, propelling the market throughout the forecast period.

The global mom and pop store market is expected to grow from $107.89 billion in 2022 to $126.15 billion in 2023 at a compound annual growth rate (CAGR) of 16.9%. The global mom and pop stores market size is expected to reach $227.21 billion in 2027 at a CAGR of 15.8%.

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Global Mom And Pop Store Market Segments Include:

• By Type: Personal Care, Cribs And Strollers, Vitamins And Dietary Supplements, Feeding Suppliers, Toys
• By Price Range: Premium, Mid-Range, Economy
• By Ownership: Retail Chain, Independent Retailer
• By Distribution Channel: Online Stores, Offline Stores
• By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia Pacific is the largest region in the global mom and pop store market in 2021.

Major Market Players in the mom and pop store market include Itochu Corporation, Seven & I Holdings Co Ltd, Auchan Holding SA, SPAR International, Tesco plc, Love’s Travel Stops & Country Stores, Alimentation Couche-Tard Inc, 7-Eleven Inc.

Technological advancements are a crucial trend that is gaining traction in the mom-and-pop store sector. To maintain their market position, major corporations in the mom-and-pop stores sector are introducing new and enhanced advanced technology. Wisy Platforms, Inc, a US-based business that provides retail intelligence solutions, for example, released an AI platform in July 2022 to make it easier for merchants to keep track of any products that are available but have not yet been exhibited. WisyAI enables shop personnel to quickly learn about inventory, decrease losses, and sell products more successfully, avoiding human inventory tracking and reducing errors.

The Mom And Pop Store Global Market Report 2023  provides a mom and pop store market overview for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The mom and pop store market forecast analyzes mom and pop store market size, mom and pop store market share, leading competitor market positions. The regions covered in the report include Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa and the countries include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Small, independent family-owned businesses such as restaurants, bookshops, grocery stores, medicine stores, and other retail offerings that operate in a single location and serve clients in their local community with a small employment base are referred to as mom-and-pop stores. Mom-and-pop stores provide a welcoming and personalised shopping experience.

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