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Convenience Stores in Canada - Industry Market Research Report

Convenience Stores in Canada - Industry Market Research Report

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Convenience Stores in Canada - Industry Market Research Report
Convenience Stores in Canada

The Convenience Stores industry in Canada has withstood increasing competition by offering convenience, value and a variety of fresh and healthful products. The small size and accessibility of convenience stores enable operators to adapt to changing environments and consumer preferences, making them more resilient than supermarkets and other food retailers. Industry operators have increasingly shifted product mixes to include food service products that are more profitable than items such as cigarettes, focusing more on satisfying demand for quick and easy meal options. However, continued competition from supermarkets and gas stations with convenience stores has somewhat pressured industry growth. Consequently, industry revenue is expected to increase at a CAGR of 0.6% to $12.6 billion over the past five years, including an increase of 1.6% in 2023 alone.

This industry consists of retail businesses that primarily sell basic food, beverage and tobacco merchandise in convenient locations during extended hours of operation. This report excludes gas stations, gas stations with convenience stores, grocery stores and small kiosks. See IBISWorld report 44711CA for information on gas stations with convenience stores and IBISWorld report 44719CA for information on standalone gas stations.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.

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