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Asia to Drive Global Convenience Market
May 19, 2010
 
According to our latest research report "Global Convenience Store Market Analysis", the global c-store industry has shown tremendous growth over the past few years. Developing economies like China and Indonesia have reported strong c-store sales even in tough times of global recession, indicating the shift in consumer interest from conventional retailing to modern retailing. The share of traditional grocery stores is gradually shrinking with the increasing popularity of organized retail stores.
 
The report reveals that the South Asian c-store market will experience the fastest growth rate on account of large untapped markets. As compared to the Asian countries, the European market has demonstrated less growth due to high degree of saturation.
 
The South Asian c-store market is dominated by the sales in China and Indonesia. The c-store sales in China and Indonesia have grown significantly over the past few years, and are further expected to grow at CAGRs of over 21% and 34% respectively during 2010-2012.
 
The report also talks about the untapped growth opportunity that lies in the Indian market. As the Indian market is mainly dominated by the unorganized form of retailing, huge opportunity exists in organized retailing such as convenience stores. As India will be hosting the Common Wealth Games later this year and the Cricket World Cup next year, tourist arrivals in the country is set to increase, making the Indian market more lucrative from the growth perspective.
 
Our report Global Convenience Store Market Analysis provides an extensive analysis on the booming c-store market. It provides an insight into the c-store industry across Asia, Europe and North America, and gives a brief overview on the consumer behavior in these regions. The report helps client analyze the trends in c-store retailing across the world and identify the key emerging markets. Future growth areas and challenges for the industry mentioned in the research help clients to align their business strategies according to the changing market dynamics.

For more information visit: http://www.newsonretail.com/Report/IM119.htm


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