Convenience stores grow in Taiwan and the Philippines

In our latest quarterly Asia Consumer Insights, we put the spotlight on Taiwan and the Philippines.
Get in touch

General Manager - Vietnam

Get in touch

Consumers’ need for instant fulfilment with ready-to-eat meals, drinks and a wide variety of fast-moving consumer goods (FMCG) products has contributed to the growth of convenience stores across Asia.

In our latest quarterly Asia Consumer Insights, we put the spotlight on Taiwan and the Philippines focusing on the development of convenience stores in these two major markets.

Global FMCG value share by channel indicates that convenience stores now account for only 4.2% of the market with a healthy growth of 2.5%. It’s forecast that there will not be much change by 2025 in terms of value contribution. In contrast, across almost all Asian markets there is huge potential of growth for convenience stores, especially in developing markets where this retail format is showing a solid performance and expanding rapidly.

The paper also reveals that Asian FMCG has maintained a stable growth of 4.7% in Q3 2019 while the non-food sector has continuously grown ahead of total FMCG market. Finally, we identify challenges and opportunities for convenience stores to acquire new shoppers to continue growing.

Download the full paper by entering your details below, or contact our expert to get a full picture of the key FMCG performance indicators, consumer insights, trends and opportunities across Asia.

Get in touch
Related solutions
Get useful insights and trends data from our consumer panels for food and beverages consumption and use outside of home.
Understand where opportunities lie, and which occasions should drive your growth in FMCG.
We monitor FMCG purchases and trends across all retail channels, through the biggest consumer panels globally.