The Global Convenience, Mom and Pop Stores Market Was Valued at USD 4 Trillion

Posted by praneeth on August 28th, 2018

Convenience, mom and pop stores are small, independent, usually family-owned, controlled, and operated businesses that have a minimum amount of employees, have only a small amount of business volume, and are typically not franchised.

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The global convenience, mom and pop stores market was valued at USD 4 trillion in 2017, and is expected to be driven by emerging markets of developing nations.Asia Pacific was the largest geographic region in the market, accounting for nearly 30% of the global market share.

The convenience, mom and pop stores market in The Business Research Company’s report is segmented into: convenience stores, and mom and pop stores.

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The USA was the largest country in the market, accounting for one-fifth share of the global convenience, mom and pop stores market in 2017.

The top five competitors in the markets are 7-Eleven, FamilyMart, Alimentation Couche-Tard, Lawson, and OXXO. 7-Eleven was the biggest player in convenience, mom and pop stores market in 2017. It operates, franchises, and licenses a chain of convenience stores in the United States, Canada, Japan, Taiwan, Thailand, South Korea, China, Malaysia, Mexico, Singapore, Australia, the Philippines, Indonesia, Norway, Sweden, and Denmark. The company offers off the shelf items, frozen carbonated beverages, fresh vegetables, fountain drinks, electronic items, office supplies, money orders etc.

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