Dublin, December 28, 2020 (GLOBE NEWSWIRE) – Added to the report “Global Resources, Mama and Pop Market Opportunities and Strategies to 2030: Impact and Recovery of COVID-19” ResearchAndMarkets.com’s offering.
The global convenience, mama and pop resource market reached nearly $ 960.8 billion in 2019, after growing at a complex annual growth rate (CAGR) of 5.5% since 2015, and is expected to grow at a CAGR of 5.7 % to nearly $ 1,201.3 billion by 2023. Also, the market is expected to grow to $ 1,370.6 billion in 2025 at a CAGR of 6.8% and to $ 1,851.1 billion in 2030 at a CAGR of 6.2%.
Growth in the historic period was due to strong economic growth in emerging markets and increasing population density in urban areas. Factors that have adversely affected growth in the historical period have been an increase in costs and a shortage of skilled workers.
Going forward, technological advances are expected to dominate the market. Factors that could hinder future market growth of resources, mama and pop stores include pandemic and geopolitical tensions of COVID-19.
Asia-Pacific was the largest segment in the pop, mom and pop stores market, accounting for 52.1% of the global market in 2019. It was followed by Africa, the Middle East and other regions. Going forward, the Middle East and Asia-Pacific are the fastest growing segments in the pop, mom and pop stores market, where CAGRs will grow by 7.5% and 6.5% respectively from 2019 -2023.
The global, mom and pop convenience market is divided by a large number of major market players. The top ten competitors in the market accounted for 12.47% of the total market in 2019. Key market players include Seven & I Holdings Co. Ltd, Auchan Holding SA, Carrefour SA, Alimentation Couche-Tard Inc., FamilyMart, and others.
The key opportunities in the utilities market, mom and pop segmented by type will rise in the convenience stores market segment, which will receive $ 129.8 billion of global annual sales by 2023. The key opportunities in the utilities market, mama and pop separated by rising property in the independent sales sector, which will receive $ 137.7 billion of global annual sales by 2023. The market size of most convenience stores in India will reach $ 57.96 billion.
Market-based strategies for convenience, mama and pop stores include a focus on collaborating with e-commerce players, enhancing brand partnerships, offering fresh food and take-away and developing stylish shelves. Strategies used by players in the resource market, mama and pop stores include strategic and construction alliances to increase geographic presence.
To take advantage of the opportunities, the publisher recommends storage, mama and pop companies to embrace new technologies, focus on providing more food choices, establish activity in emerging markets. emerge, design an established distribution channel, offer competitive pricing, focus on Omni-channel approach, in personal sales, offer discount coupons or discount cards, focus on millennials and focus on audiences.
Markets covered:
The global, mom and pop resource market is divided –
- By type: Convenient Stores; Stuthan Mam is Pop
- Owned by: Independent Seller; Sales chain
Countries: China, Australia, Hong Kong, India, Indonesia, Japan, Malaysia, New Zealand, Philippines, Singapore, South Korea, Thailand, Vietnam, Canada, Mexico, USA, Argentina, Brazil, Chile, Colombia, Peru , Venezuela, Austria, Belgium, Denmark, Finland, France, Germany, Ireland, Italy, Holland, Norway, Portugal, Spain, Sweden, Switzerland, UK, Republic of Czech, Poland, Romania, Russia, Saudi Arabia, Israel, Turkey, UAE, Egypt, Nigeria, South. Africa
Categories: Asia Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Time series: Five years of history and foresight.
Data: Ratios of market size and growth to related markets, GDP allowances, per capita expenditure
Data types: rural and regional historical and forecast data, market share of competitors, market segments.
Companies mentioned
- 7-eleven
- Al Madina Group
- Alimentation Couche-Tard Inc.
- Almeera Group
- Arrefour
- Auchan
- Auchan holds the US
- Bianlifeng
- Carrefour SA
- Casey General Store, Inc.
- Cencosud
- Cia Brasileira de Distribuicao (GPA)
- Circle K.
- Co-operative Group Limited
- EG Group
- Eurocash
- FamilyMart
- Food Lover Market
- FreshStop
- Freshzo Food
- Groszek
- Casino Groupe
- Kwik Tour Inc.
- Love Travel Stops & Country Store
- Lulu
- Magnit
- Marathon Petroleum Corporation
- McColl’s
- Musgrave
- all right
- Perekrestok Express
- Select n Pay
- Profi
- Raizen Conveniencias
- Sainsbury’s
- Savola
- Seachd & I Holdings Co. Earr
- Shoprite
- SPAR
- Spolem
- Stokrotka Sp. z oo
- Suning Xiaodian
- Tesco
- Wawa Inc.
- Yes
- Zabka
For more information on this report, visit https://www.researchandmarkets.com/r/1zjrkb
About ResearchAndMarkets.com
ResearchAndMarkets.com is the world’s leading source for international market research reports and market data. We bring you the latest data on international and regional markets, key industries, major companies, new products and the latest trends.
Research and Markets also offers Custom Search services providing targeted, complete and unique search.
CONTACT: ResearchAndMarkets.com Laura Wood, Senior Press Manager [email protected] For E.S.T Office Hours Call 1-917-300-0470 For U.S./CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900