By Brittney Sherman
The global convenience store market is projected to grow by $930 billion by 2028, with a compound annual growth rate of 6.78% from 2024 to 2028, according to a report by Technavio. This growth is fueled by increasing demand for private-label products, which offer high-quality items like frozen foods, snacks, and beverages at lower prices. As consumers seek affordability without sacrificing quality, private-label brands are driving the rise of discount convenience stores, creating new opportunities in the market.
Convenience stores continue evolving to meet changing consumer needs, positioning themselves as essential destinations for both household staples and impulse purchases like snacks and soft drinks. While e-commerce poses challenges, the industry continues to adapt with premium private-label offerings that balance quality and price.
Read the full article by Greg Sleter HERE