$45.5bn
$XXX.Xm
186k
49,759
$X.Xbn
The Convenience Stores industry in the US has withstood fierce competition by continuing to offer convenience and value and expanding the variety of fresh and healthy products available. Businesses have increasingly shifted product mixes to include food service products to counteract declining cigarette use and have focused more on satisfying demand for quick and easy meal options. As a result, companies have benefited from consumers' need for time-efficient and healthy food-service locations. However, because of COVID-19 and the subsequent economic lockdown in 2020, consumer spending collapsed as unemployment soared – which depressed demand for convenience stores. In 2021 and 2022, new technology, mass vaccination, pent-up demand and the lifting of restrictions enabled the industry to rebound from the effects of the pandemic. Overall, industry revenue is expected to have grown at a CAGR of 2.8% to an estimated $45.5 billion over the last few years, including an anticipated increase of 1.6% in 2024 alone.
Industry revenue has grown at a CAGR of 2.8 % over the past five years, to reach an estimated $45.5bn in 2024.
Market size is projected to grow over the next five years.
Company | Market Share (%)
2024 | Revenue ($m)
2024 | Profit ($m)
2024 | Profit Margin (%)
2024 |
---|---|---|---|---|
Alimentation Couche-Tard Inc. | 13,559.8 | 699.3 | 5.2 | |
7-Eleven, Inc. | 12,713.4 | 706.3 | 5.6 | |
Wawa, Inc. | 7,020.4 | 127.1 | 1.8 |
To view the market share and analysis for all 5 top companies in this industry, view purchase options.
Industry revenue is measured across several distinct product and services lines, including Tobacco products, Food service and Packaged beverages. Tobacco products is the largest segment of the Convenience Stores in the US.
Despite declining smoking rates, tobacco still leads convenience store sales
Operators in the Convenience Stores industry primarily sell basic food, beverage and tobacco merchandise in convenient locations that are generally open during extended hours. This report also includes e-commerce sales from these establishments.
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NAICS 44512 - Convenience Stores in the US
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
The COVID-19 pandemic hurt the industry in 2020. Because convenience stores rely heavily on foot traffic, temporary lockdowns, social distancing guidelines, and work-from-hom...
Learn about an industry's products and services, markets and trends in international trade.
An overall dip in the number of smokers in the US has shifted demand for products in the Convenience Stores industry. A drop in demand for cigarettes has given way to an incr...
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
Most establishments in this industry are located in densely populated areas of the US. Because this industry does not include convenience stores with gas stations, companies ...
Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.
Convenience stores in the US compete with each other in various ways. Price, product selection and establishment location are all vital competitive factors within the industr...
Learn about the performance of the top companies in the industry.
7-Eleven is the largest company in the US convenience store industry. It has gained market share by expanding its physical footprint, implementing innovative strategies and f...
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
Convenience Stores in the US must adhere to all common labor and safety regulations. Also, since convenience stores sell food, they are subject to rules set by the US Food an...
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
Purchases are the most significant cost for Convenience Stores in the US. This is typical of most retail industries since they must purchase inventory from upstream suppliers...
Including values and annual change:
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Key data sources in the US include:
Analysts also use industry specific sources to complement catch-all sources, although their perspective may focus on a particular organization or representative body, rather than a clear overview of all industry operations. However, when balanced against other perspectives, industry-specific sources provide insights into industry trends.
These sources include:
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The market size of the Convenience Stores in the US industry in United States is $45.5bn in 2024.
There are 49,759 businesses in the Convenience Stores in the US industry in United States, which has grown at a CAGR of 4.0 % between 2019 and 2024.
The market size of the Convenience Stores in the US industry in United States has been growing at a CAGR of 2.8 % between 2019 and 2024.
Over the next five years, the Convenience Stores in the US industry in United States is expected to grow.
The biggest companies operating in the Convenience Stores market in United States are Alimentation Couche-Tard Inc., 7-Eleven, Inc. and Wawa, Inc.
Tobacco products and Food service are part of the Convenience Stores in the US industry.
The company holding the most market share in United States is Alimentation Couche-Tard Inc..
The level of competition is high and steady in the Convenience Stores in the US industry in United States.