Convenience Stores Market Size Is Expected To Reach USD 3.12 Trillion By 2028
San Francisco, 22 July 2022: The Report Convenience Stores Market Size, Share & Trends Analysis Report By Type (Cigarettes & Tobacco, Foodservice, Packaged Beverages, Center Store, Low Alcoholic Beverages), By Region, And Segment Forecasts, 2022 - 2028 The global convenience stores market size is estimated to reach USD 3.12 trillion by 2028 and is expected to grow at a CAGR of 5.6% from 2022 to 2028, according to a new report by Grand View Research, Inc. The market is surging due to long opening hours which provides easy access to customers to quickly purchase their necessary products when compared to other retail channels. In addition, many stores remain open 24/7 near busy locations such as fuel stations or near a locality, so customers can grab their required items on the go. This is again influencing the growth of the market. Also, convenience stores are getting high challenges from the development of various retail sectors such as vending machines, e-commerce, and qui