Ideas That Generate Results

Round the Clock Service Driving the Industry

Aug 30, 2016

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The Asian convenience store industry has witnessed growth in recent years on account of increased disposable income fuelled by the rising demand due to hectic lifestyle. The growth in this segment has been led by improved government regulations and the increasing competition amongst the players in Asian countries. With such developments The Asian convenience store market have grown at a CAGR of 8% from 2016-2022, says RNCOS in its latest research report.
According to our report, “Asian Convenience Store Market Outlook 2022”, the modern retail format has been successfully serving its customers of all age group, from young to old. Increasing dependence of working population on round the clock service due to busy lifestyle has continued to drive the convenience store industry in Asia.
Further, snacking behavior in the Asian countries has largely influenced the expansion of such retail formats. The late night demand window is supposedly most common amongst the young generation and working population. The convenience stores also attract the consumers with lucrative offers which further increases footfall in the store driving the industry.
With the increasing number of convenience store, the modern retail format has grown popularity amongst the Asian population owing to the convenience offered in terms of quality and constantly improved services. Backed by such factors convenience store industry is expected to rise in the future.
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