PROSPECTS AND OPPORTUNITIES
Evolving consumer demand for digital and contactless services
Overall, retail value (constant 2024 prices) sales and outlet numbers of convenience retailers are projected to see marginal-to-slight increases over the forecast period. However, this is due to the expected positive growth performance of forecourt retailers, as many convenience stores continue to struggle to stay in business or compete.
Increasing focus on fresh, healthy food offerings
Convenience retailers like Circle K and Canadian Tire are set to expand their fresh food and ready meals options, as they aim to cater to broadening health-conscious and on-the-go consumer bases. This shift is expected to provide convenience stores with higher-margin products and help operators to differentiate their outlets from traditional grocery stores.
Sustainability as a driver of customer loyalty
Sustainability initiatives are expected to play an increasingly important role for convenience retailers in Canada in the forecast period. The owners of brands like 7-Eleven and Couche-Tard may focus on reducing waste, introducing reuseable packaging and offering more ecologically-minded products to appeal to younger, eco-conscious consumers.
Delivery:
Files are delivered directly into your account soon after payment is received and any tax is certification is verified (where applicable).
This report comes in PDF with additional info in Excel included.
Overview:
Understand the latest market trends and future growth opportunities for the Convenience Retailers industry in Canada with research from Euromonitor International's team of in-country analysts – experts by industry and geographic specialisation.
Key trends are clearly and succinctly summarised alongside the most current research data available. Understand and assess competitive threats and plan corporate strategy with our qualitative analysis, insight and confident growth projections.
If you're in the Convenience Retailers industry in Canada, our research will help you to make informed, intelligent decisions; to recognise and profit from opportunity, or to offer resilience amidst market uncertainty.
The Convenience Retailers in Canada report includes:
- Analysis of key supply-side and demand trends
- Detailed segmentation of international and local products
- Historic volume and value sizes, company and brand market shares
- Five year forecasts of market trends and market growth
- Robust and transparent research methodology, conducted in-country
This report answers:
- What is the market size of Convenience Retailers in Canada?
- Which are the leading retailers in Convenience Retailers in Canada?
- How is the rise of e-commerce and the expansion of modern grocery retail impacting traditional retail?
- How has the impact of COVID-19 and national lockdown impacted consumer demand?
- Which formats have benefited the most from stockpiling and enforced home seclusion?
- How will the wider economic impact of COVID-19 shape the retail landscape in the future?
- Where is future growth expected to be most dynamic?
Convenience Retailers in Canada - Category analysis
KEY DATA FINDINGS
Impact of inflation on impulse buying and product choices
Digital expansion and the struggles of independent retailers
Hybrid grocery-foodservice stores gain popularity
Evolving consumer demand for digital and contactless services
Increasing focus on fresh, healthy food offerings
Sustainability as a driver of customer loyalty
Retail in Canada - Industry Overview
Retail in 2024: The big picture
Seamless shopping with the rise of omnichannel experiences in retail in 2024
Health and wellness takes centre stage in 2024
What next for retail?
Informal retail
Opening hours for physical retail
Seasonality
New Year’s Day
Valentine’s Day
Easter
Mother’s Day
Father’s Day
Canada Day
Back-to-School
Thanksgiving
Halloween
Black Friday
Cyber Monday
Christmas
Boxing Day
DISCLAIMER
The following categories and subcategories are included:
Convenience Retailers
- Convenience Stores
- Forecourt Retailers
Convenience Retailers
The aggregation of convenience stores and forecourt retailers.
See all of our definitionsWhy buy this report?
- Gain competitive intelligence about market leaders
- Track key industry trends, opportunities and threats
- Inform your marketing, brand, strategy and market development, sales and supply functions
This report originates from Passport, our Convenience Retailers research and analysis database.
NEW REPORT GUARANTEE
If you purchase a report that is updated in the next 60 days, we will send you the new edition and data extraction Free!