What's Inside

Despite persistent spending pressures and increased competition from grocery and mass merchandisers, convenience stores remain a crucial retail channel in the US, valued for their accessibility, speed and on-the-go essentials. However, to stay ahead, industry players must adapt to fundamental shifts, including declining tobacco sales, fuel gross margin expansions, evolving foodservice offerings and greater M&A (mergers and acquisitions) activity.

In this Market Outlook, we explore the size and trajectory of the US convenience store sector and key factors impacting growth. We also detail the overall sector’s competitive landscape and present key themes we are watching in 2025 and beyond.

Each Market Outlook offers our analysts’ definitive view of their sector. This research report includes proprietary forecasts, analysis of company metrics, exclusive consumer survey data and our analysts’ consideration of factors and themes in the market.

Data in this research report include:

• Total sales and year-over-year growth at US convenience stores, 2020–2029E
• Proprietary survey data on the types of prepared food consumers purchase from convenience stores and what factors influence these purchases
• Top 10 categories at convenience stores by sales, 2023 and 2024
• Private-label penetration rate at convenience stores, 2019–2024

Companies mentioned in this report include: Alimentation Couche-Tard, Casey’s General Stores, DoorDash, Gopuff, Instacart, Love’s Travel Stops, Maverik, Murphy USA, QuikTrip, Seven & i Holdings

Other relevant research:

• US Grocery—Retail 2025 Sector Outlook: Volume Growth Headwinds To Continue
• Visit the Coresight Research Food, Grocery and CPG Retail Hub to explore sector data, reports and company profiles.