Top Growth Trends in the Mom and Pop Store Market: Insights into Market Size and Opportunities for 2025-2034
2025 Market Reports Update: Market Size Forecasts to 2034, Key Trends, Leading Players, and Top Regions – Get Ahead of the Competition Today!
How Are Key Drivers in the Industry Acting as Catalysts for the Growth of theMom and Pop Store Market?
The expansion of the mom-and-pop store market is anticipated owing to the anticipated upsurge in personalized customer service. Defined as tailor-made service rendered by shop owners or employees to fit the unique needs of every customer, personalized customer service is a growing trend. The switch to such services stems from the increasing customer consciousness of their buying choices and a desire for exclusive products, contributing to an improved shopping experience. This consequently raises customer satisfaction, resulting in greater customer retention and loyalty for these small-scale shops. As per the InMoment, a US-based NGO, in October 2024, around 71% of consumers preferred personalized customer experiences, and 78% were likely to be repeat customers of brands offering such services. Hence, personalized customer service is fuelling the growth of the mom-and-pop store market.
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#What is the Anticipated CAGR of theMom and Pop Store Market, and What Factors Will Drive It?
In recent times, the market size of the mom and pop store has expanded significantly. Expanding from $149.03 billion in 2024, it’s anticipated to reach $175.43 billion in 2025, which would equate to a compound annual growth rate (CAGR) of 17.7%. Factors leading to this growth during the historic period include the support from local communities, bespoke client service, unique and distinctive product offerings, adaptable and nimble operations, and an increase in community engagement.
The market size of mom and pop stores is forecasted to experience a swift expansion in the coming years, escalating to a substantial $291.92 billion by 2029 with a compound annual growth rate (CAGR) of 13.6%. Reasons behind this surge during the forecast period include a focus on locally sourced and sustainable goods, adapting to shifting consumer tastes, partnerships with local craftspeople and manufacturers, elevated customer service, resilience during crises, and community backing. Key trends in this forecast period encompass becoming digitally active and integrating e-commerce, digital transformation targeted towards small businesses, concentration on local and artisan goods, community involvement, personalized customer service, and employing technology for improved efficiency.
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What Are the Current Market Growth and Trends in theMom and Pop Store Market That Industry Players Should Watch?
The rise of technological advancements is becoming a prominent trend in the market of mom-and-pop stores. Major firms in this sector are focusing on the creation of new and enhanced technology to secure their market standing. For instance, in July 2022, American retail intelligence solutions company Wisy Platforms, Inc., launched an AI platform aimed at simplifying the process for retailers to monitor products that are in stock but not yet displayed. This platform, known as WisyAI, enables retail staff to quickly understand the inventory, minimize losses, and sell products more effectively. This circumvents the need for manual inventory tracking and decreases errors.
What Are the Major Market Players Making an Impact on theMom and Pop Store Market Growth?
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
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How Are the Key Segments of the Mom and Pop Store Market Driving Opportunities and Innovations?
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 Regions Are At the Forefront of #How Are Key Drivers in the Industry Acting as Catalysts for the Growth of theMom and Pop Store Market?# Market Expansion?
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.
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