A new market research report, “U.S. Convenience Stores Market Outlook to 2013”, recently released by RNCOS said that despite the global economic slowdown, the US convenience store industry is expected to grow to more than $650 billion by 2013 on growing income level and increasing working population in the country.
Personal disposable income is one of the key drivers of the convenience store industry in the U.S. Consumers are spending a big proportion of their income on food and non-food items as income levels rise. Moreover, personal disposable income in the U.S. is anticipated to grow more than 15% to reach nearly $41,000 per head by 2013, which will further boost consumer expenditure on various products available in convenience stores.
Apart from growing disposable income, the US convenience store industry is driven by rising working population in the country, said the RNCOS report. People have shown inclination to spend little extra at convenience stores for saving time and convenience.
Commuting and travel time are also increasing, with many consumers seeking to minimize the effect of this on their leisure time by multi-tasking while traveling.
Besides, increasing popularity of food-to-go, takeaways, snacks and ready-to-eat meals have created plethora of opportunities for c-store chains to expand their network. Thus, c-stores have benefited from changing consumers habits of shopping, eating and drinking while on the way, the report said.
“U.S. Convenience Stores Market Outlook to 2013” provides an exhaustive research and rational analysis on convenience stores industry in the US. The report helps clients to identify market trends and evaluate the leading-edge opportunities critical for the success of the convenience store industry in the US. It also gives an overview on various factors driving the convenience store industry along with the forces blocking its growth.
The report supplements the past and current information on the US convenience store industry with forecast on various important industry aspects, including the market size of convenience store industry, retail industry, working population in U.S., middle class population, personal disposable income and GDP per head, number of internet users and breakup of population.