Convenience Stores Market size is estimated to reach USD 3.12 trillion by 2028
Convenience Stores Industry Overview The global convenience stores market size was valued at USD 2.12 trillion in 2021 and is expected to grow at a compound annual growth rate (CAGR) of 5.6% from 2022 to 2028. Strong economic growth in emerging markets, increased population density in urban areas, expanding investments in the retail business in developing nations, and rising popularity of the franchising idea all contributed to the growth of the market. Convenience stores are gaining popularity as these stores contain each and every necessary item, benefitting customers to get the required items whenever needed in an emergency. Moreover, the market is surging due to long opening hours that provides customers with quick purchasing option of the necessary products when compared to other retail stores. The COVID-19 outbreak positively impacted the market. Convenience stores around the world have remained resilient to the pandemic, as customers visited convenience stores to...