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The convenience, mom and pop stores market has experienced rapid growth, surging from $1133.71 billion in 2023 to $1255.47 billion in 2024, with a compound annual growth rate (CAGR) of 10.7%. The historic period’s growth is attributed to strong economic growth in emerging markets, increasing population density in urban areas, foreign direct investment (FDI) in retail in developing countries, and the rising popularity of the franchising concept. Looking forward, the market is expected to witness strong growth, reaching $1822.13 billion in 2028 at a CAGR of 9.8%. The forecast period’s growth can be attributed to technological advancement, the impact of data analytics, growing consumer preference for shopping locally, longer open hours, and less store space. Significant trends for the forecast period include investments in contact-free convenience stores for ease of maintenance and cost reduction, automation techniques to streamline store operations, investing in IoT solutions to improve efficiency and enhance decision-making processes, adopting robotics to improve customer convenience and store productivity, offering different food options to increase revenues, collaborating with well-known brands to expand the customer base, and reducing costs and increasing sales by considering digital platforms.

The adoption of robust data analytics strategies by convenience stores and mom-and-pop shops is becoming increasingly crucial for streamlined operations, enhanced supply chain efficiency, and customer engagement. In July 2023, the World Economic Forum highlighted the growing importance of big data and analytics capabilities in corporations, with 60% of businesses recognizing their significance. This technology is expected to create new jobs in data science and analytics between 2023 and 2027, with up to 1.4 million new jobs anticipated. The rapid growth in retail data and advancements in data analysis technologies enable smaller stores to identify and meet customer needs effectively, driving the consumer electronics repair and maintenance market forward.

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What Are The Key Trends That Influence Convenience, Mom And Pop Stores Market Share Analysis?

Convenience and mom-and-pop stores are increasingly adopting the concept of unmanned convenience stores. These stores use artificial intelligence and smartphone technology to eliminate the need for service personnel or cashiers. Each customer has a virtual cart where products are added or removed based on their actions, and payment is made when the customer scans the product using a smartphone. In January 2022, Omantel launched E-Dukkan, the Middle East’s first unmanned convenience store. Other examples include Amazon Go, Alibaba’s Hema, and Bingo Box.

Which Market Players Are Driving Growth In The Convenience, Mom And Pop Stores Market?

Major companies operating in the convenience, mom and pop stores market report are 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, Casey’s General Stores, Inc., 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, 7-Eleven, Yesway, Casey’s general stores, Marathon Petroleum Corporation, Raízen Conveniências, 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

How Is The Global Convenience, Mom And Pop Stores Market Segmented?

The convenience, mom and pop stores market covered in this report is segmented –

1) By Type: Convenience Stores, Mom And Pop Stores
2) By Ownership: Retail Chain, Independent Retailer
3) By Price Range: Premium, Mid-Range, Economy

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The Convenience, Mom And Pop Stores Global Market Report 2024 provides an overview of the convenience, mom and pop storesmarket for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The convenience, mom and pop stores market forecast analyzes convenience, mom and pop stores market size, convenience, mom and pop stores market share, leading competitor and their market positions.

The Table Of Content For The Convenience, Mom And Pop Stores Market Include

1. Convenience, Mom And Pop Stores Market Executive Summary
2. Convenience, Mom And Pop Stores Market Segments
3. Convenience, Mom And Pop Stores Market Size And Template Market Growth Rate
4.  Key Convenience, Mom And Pop Stores Market Trends
5. Major Convenience, Mom And Pop Stores Market Drivers
……
25. Key Mergers And Acquisitions In The Convenience, Mom And Pop Stores Market
26. Top Convenience, Mom And Pop Stores Companies
27. Convenience, Mom And Pop Stores Market Opportunities And Strategies
28. Convenience, Mom And Pop Stores Market, Conclusions And Recommendations
29. Appendix

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