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Yahoo
08-07-2025
- Business
- Yahoo
Convenience Service Research Report 2025-2030 Featuring Key Players - Canteen Vending Services, Aramark Refreshment Services, and 365 Retail Markets
The Convenience Services Market, valued at USD 28.20 billion in 2024, is projected to reach USD 42.20 billion by 2030, achieving a CAGR of 6.95%. This growth is driven by the rising demand for contactless payment systems, observed in 85% of North American consumers. Major brands like Starbucks and McDonald's exemplify this trend, reporting substantial increases in contactless transaction volumes. Enhanced food service offerings also contribute to market dynamics, with customizable and healthier options driving sales. North America leads market dominance, while APAC's urbanization fuels further growth. Leading companies leverage AI and logistics optimization to meet evolving consumer expectations in this competitive landscape. Convenience Service Market Dublin, July 08, 2025 (GLOBE NEWSWIRE) -- The "Convenience Service Market Research Report 2025-2030" report has been added to Convenience Service Market was valued at USD 28.20 billion in 2024, and is projected to reach USD 42.20 billion by 2030, rising at a CAGR of 6.95%. The global convenience services market has evolved into a highly competitive and moderately fragmented landscape, shaped by a diverse mix of established service aggregators, innovative digital platforms, and nimble hyperlocal startups. This intensifying competition is fueled by rapid urbanization, shifting consumer behaviors, and an increasing demand for on-demand, contactless services across a broad range of categories, including food delivery, laundry, personal care, home repairs, and parcel management. The convenience of accessing multiple essential services quickly and efficiently has become a key driver, prompting companies to continuously innovate and diversify their offerings. Leading players in the global convenience services market such as Canteen Vending Services, Aramark Refreshment Services, and 365 Retail Markets have strengthened their market positions by leveraging advanced technologies like AI for customer behavior analysis, optimizing their last-mile logistics, and broadening their service portfolios to meet evolving consumer expectations. Moreover, the global convenience services market is in a dynamic phase of evolution, marked by rapid growth, technological innovation, and changing consumer expectations. The competitive landscape is shaped by a diverse set of players - from industry giants with extensive resources to nimble startups with localized focus - each adopting unique strategies to capture market established companies leverage scale, AI, and service diversification to lead, regional and niche providers capitalize on hyperlocal expertise and personalized experiences to compete effectively. However, the surge of small-scale entrants and fragmented service standards presents ongoing challenges that could hinder market consolidation and consistent ahead, success in the convenience services market will depend on a company's ability to innovate technologically, optimize logistics, ensure reliable service quality, and adapt rapidly to evolving consumer preferences. Those who can integrate advanced AI-driven insights, develop strategic partnerships, and offer sustainable, customer-centric solutions will dominate the future landscape of convenience SERVICES MARKET TRENDS & DRIVERS Rising Consumer Preference for Contactless Payment in Convenience ServicesThe convenience services market is experiencing a profound shift driven by consumers' increasing preference for fast, hygienic, and frictionless payment options. Accelerated by the post-pandemic demand for minimal contact transactions and the widespread adoption of mobile wallets and NFC technology, contactless payments have become a central feature of self-service environments such as vending machines, kiosks, and unattended retail 2024, 85% of consumers in North America reported preferring contactless payment options at convenience service points like vending machines, self-service kiosks, and food and beverage stations. This shift is largely attributed to heightened hygiene concerns, faster transaction speeds, and the seamless integration of mobile wallets such as Apple Pay, Google Pay, and Samsung brands and retail chains are rapidly adapting to this trend. Starbucks, for instance, experienced a 50% increase in contactless payment usage in 2023 across its 15,000 U.S. locations, particularly during peak hours, improving transaction efficiency and reducing wait times. Similarly, McDonald's reported that by the end of 2023, over 60% of transactions at select North American locations were conducted through mobile wallets, enhancing customer convenience while supporting operational trend extends beyond North America. In the European Union, countries such as the UK, France, and Germany witnessed 70% of all retail payments made via contactless methods in 2023, reflecting a 15% year-over-year growth. In Japan, by 2024, more than 90% of vending machines in Tokyo and Osaka now support contactless payments, with regional payment systems like Suica and Pasmo cards driving this transition in high-footfall urban rapid adoption of contactless payments in the convenience services market is fundamentally reshaping consumer expectations and operational strategies. Backed by proven efficiencies in transaction speed, enhanced hygiene, and growing integration with mobile wallets, this trend is set to remain a cornerstone of convenience service operations globally. As businesses invest in smart, contact-free payment infrastructure, the market will continue evolving toward faster, safer, and more seamless service Food Service Offerings in the Convenience Services MarketThe convenience services market is undergoing a major transformation as consumer expectations evolve beyond basic grab-and-go items. Modern consumers increasingly seek quality, variety, and customization in their food choices, even in traditionally fast, transactional retail environments. To meet this demand and drive higher in-store traffic and transaction values, convenience retailers are significantly enhancing their food service offerings - from fresh, made-to-order meals to healthier, premium of the most noticeable trends is the widespread adoption of customizable food options via digital touchpoints. For example, 7-Eleven introduced a feature within its app that allows customers to personalize their hot and cold sandwich orders. This initiative has successfully increased in-store transaction values by 10-15% per visit, with consumers showing a clear willingness to pay extra for freshly made, customizable Casey's General Stores reported a strong performance in its food service division, with prepared food and dispensed beverage same-store sales rising by 4.7% year-over-year. This growth can be attributed to Casey's focused strategy of offering premium, freshly made items like pizza and sandwiches, which have become core traffic drivers for its retailers are also forming strategic partnerships with well-known food and beverage brands to elevate their offerings. Circle K's collaboration with Keurig Dr Pepper introduced luxury specialty coffee beverages and fresh-baked bread, resulting in a 20% increase in beverage sales and significant growth in morning foot traffic - demonstrating the value of premium, branded options in boosting both sales and customer as health-conscious consumer behavior becomes mainstream, many convenience stores are responding with nutritious, on-the-go options. QuikTrip, for instance, has expanded its menu to include fresh fruit cups, salads, and gluten-free snacks. This health-focused approach is paying off, with sales in this category seeing 30% year-over-year growth, capturing a valuable demographic often underserved by traditional convenience modernization of food service offerings is redefining the role of convenience stores in the retail landscape. By embracing customization, premium partnerships, and health-centric options, convenience retailers are not only improving transaction values but also reshaping consumer perceptions of convenience retail. As competition intensifies, those investing in diverse, high-quality, and health-conscious food service programs will be best positioned to capture evolving customer preferences and maintain long-term growth in the convenience services market. GEOGRAPHICAL ANALYSISNorth America has become the dominant geography in the global convenience services market, driven by high consumer demand for innovative and technology-enabled convenience solutions. The United States and Canada lead this growth, supported by the widespread adoption of contactless payments, on-demand delivery services, and smart vending machines across urban centers, corporate offices, and transportation hubs. In the U.S., convenience retailers have heavily invested in digital platforms and mobile apps to enhance customer experience, streamline transactions, and expand delivery options. Strong infrastructure, high smartphone penetration, and changing consumer lifestyles focused on speed and convenience have solidified North America's leading position in the global convenience services market. This region continues to drive innovation and set trends that influence global convenience retail rapid urbanization is one of the primary drivers for the growth of the convenience services market in the region. As cities expand, there is an increased demand for efficient, scalable services, which are facilitated by advanced technologies such as AI, IoT, and automation. Also, the adoption of smart technologies like AI, IoT, and big data analytics is accelerating across various industries in APAC, including transportation, retail, and urban development. These technologies help optimize convenience service delivery, creating better customer experiences and improved operational Europe's strong commitment to environmental sustainability and green energy initiatives is fueling demand for eco-friendly convenience services. Businesses are increasingly adopting sustainable practices, such as electric vehicle fleets, energy-efficient solutions, and waste management services, to align with the region's environmental goals. The region continues to experience urbanization, particularly in large cities, leading to an increased need for efficient, accessible, and scalable convenience services and supporting the convenience services market growth. As urban populations grow, there is a heightened demand for services that simplify daily activities, such as mobility solutions, smart homes, and on-demand retail services. KEY QUESTIONS ANSWERED How big is the global convenience services market? What is the growth rate of the global convenience services market? Which region dominates the global convenience services market share? What are the significant trends in the global convenience services market? Who are the key players in the global convenience services market? Key Attributes: Report Attribute Details No. of Pages 170 Forecast Period 2024 - 2030 Estimated Market Value (USD) in 2024 $28.2 Billion Forecasted Market Value (USD) by 2030 $42.2 Billion Compound Annual Growth Rate 6.9% Regions Covered Global Market Opportunities & Trends Increased Adoption of Convenience Service Across Multifunctional Use Cases. Rising Consumer Preference for Contactless Payment in Convenience Services. Rising Number of Smart Cities and Smart Infrastructure in Convenience Services. Invention of Self-Service Technologies in Convenience Services. Market Growth Enablers Rising Demand for Customized Convenience Services. User-Friendly Services in the Convenience Market. Enhanced Food Service Offerings in the Convenience Market. Expansion of Online Ordering and Delivery Services. Market Restraints High Operational Costs in Convenience Services. Consumer Privacy Concerns in Convenience Services Market. Intense Competition for Convenience Service Market. Regulatory and Compliance Challenges. Key Company Profiles Canteen Vending Services Aramark Refreshment Services 365 Retail Markets Cantaloupe Inc. Vistar USConnectMe First Class Vending Five Star Breaktime Solutions Other Prominent Company Profiles Three Square Market Parlevel Systems Sandstar Shekel Brainweigh Selecta Group Crane Merchandising Systems Nayax Ltd Seaga Manufacturing Inc VendNet USA Betson Enterprises Royal Vendors Inc. Azkoyen Group Bianchi Vending Group Jofemar Corporation SandenVendo America Sielaff GmbH & Co. KG Rheavendors Group Fastcorp Vending LLC U-Select-It Vend-Rite Manufacturing Co Dixie-Narco Crane Co. For more information about this report visit About is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends. Attachment Convenience Service Market CONTACT: CONTACT: Laura Wood,Senior Press Manager press@ For E.S.T Office Hours Call 1-917-300-0470 For U.S./ CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900
Yahoo
24-05-2025
- Business
- Yahoo
KFC restaurant in Sutton wants to stay open until 2am every day
Fast food chain KFC has applied their Sutton High Street branch to stay open until 2am. An application submitted by TRC Realty Limited, trading as KFC, is seeking permission to serve hot food and drink from 11pm to 2am daily at the branch located at 200–202 High Street. The application is being considered under the Licensing Act 2003, and would, if approved, extend the store's trading hours into the early hours of the morning. Full details of the application can be viewed at Sutton Council's Civic Offices on St Nicholas Way. Residents and other interested parties have until June 4, 2025, to submit written comments or objections which can be sent to licensing@ READ MORE: The council notes that making a false statement in connection with a licensing application is a criminal offence and could result in an unlimited fine. The application was dated April 30, 2025. Want to find out all the latest planning applications, alcohol licensing applications and planned road closures near you? Then search the Public Notice Portal. The Public Notice Portal is owned and operated by the News Media Association, the voice of UK national, regional, and local newspapers in all their print and digital forms. NMA members include nearly 900 local and regional news titles which reach 40 million people across the length and breadth of the country each month. Many of these publications have served their communities for centuries and remain the most reliable source of verified news and information. Created by local news publishers and supported by the Google News Initiative, the portal carries statutory public notices published in local newspapers and is the fastest and most effective way of finding out what is happening in YOUR neighbourhood.
