Introduction
Convenience stores have become an integral part of Filipino daily life, offering a wide range of products and services in a convenient location. In this report, we will explore the top 10 convenience store chains in the Philippines based on market share, providing insights into their financial performance, market position, and industry trends.
1. 7-Eleven
Market Share:
7-Eleven is the leading convenience store chain in the Philippines, with a market share of over 60%. The company operates over 2,500 stores nationwide, offering a wide range of products, including snacks, beverages, groceries, and ready-to-eat meals.
Financial Data:
7-Eleven Philippines is a subsidiary of Philippine Seven Corporation, which reported a net income of PHP 1.5 billion in 2020. The company’s revenue reached PHP 33.7 billion, reflecting its strong market position and growth prospects.
Industry Insights:
7-Eleven has been successful in expanding its footprint in the Philippines by focusing on convenience, affordability, and innovation. The company has introduced digital payment options, loyalty programs, and exclusive product offerings to attract customers and drive sales.
2. Ministop
Market Share:
Ministop is another key player in the Philippine convenience store market, with a market share of around 15%. The chain operates over 500 stores in the country, offering a mix of Japanese and local products, including bento meals, snacks, and beverages.
Financial Data:
Ministop Philippines is owned by Robinsons Retail Holdings, Inc., which reported a net income of PHP 3.4 billion in 2020. The company’s revenue from its convenience store segment reached PHP 12.5 billion, reflecting steady growth and profitability.
Industry Insights:
Ministop has differentiated itself in the market by focusing on fresh and quality food offerings, as well as a customer-centric approach. The chain has expanded its store network in key urban areas, catering to the needs of busy consumers looking for convenient meal solutions.
3. FamilyMart
Market Share:
FamilyMart is a popular convenience store chain in the Philippines, with a market share of approximately 10%. The company operates over 200 stores nationwide, offering a mix of Japanese and international products, including onigiri, sandwiches, and pastries.
Financial Data:
FamilyMart Philippines is a joint venture between Ayala Corporation and SSI Group, Inc. The company reported a net income of PHP 800 million in 2020, with revenue reaching PHP 8.2 billion. FamilyMart has continued to invest in store expansion and product innovation to drive growth.
Industry Insights:
FamilyMart has positioned itself as a premium convenience store brand, focusing on high-quality food and beverage offerings. The chain has introduced new product lines, such as artisanal coffee, gourmet sandwiches, and healthy snacks, to attract a more affluent customer base.
4. Lawson
Market Share:
Lawson is a Japanese convenience store chain that has made significant strides in the Philippine market, with a market share of around 5%. The company operates over 100 stores in the country, offering a range of Japanese and local products, including rice meals, noodles, and pastries.
Financial Data:
Lawson Philippines is a franchisee of Lawson, Inc., based in Japan. The company reported a net income of PHP 300 million in 2020, with revenue reaching PHP 4.5 billion. Lawson has focused on store localization, product customization, and digital initiatives to appeal to Filipino consumers.
Industry Insights:
Lawson has differentiated itself in the market by offering a mix of Japanese and Filipino products, targeting both expatriates and local customers. The chain has also invested in store design, technology upgrades, and customer service training to enhance the overall shopping experience.
5. Alfamart
Market Share:
Alfamart is an Indonesian convenience store chain that has gained a foothold in the Philippine market, with a market share of around 3%. The company operates over 50 stores in the country, offering a mix of Indonesian and local products, including snacks, beverages, and household items.
Financial Data:
Alfamart Philippines is owned by SM Investments Corporation, one of the largest conglomerates in the country. The company reported a net income of PHP 150 million in 2020, with revenue reaching PHP 2.5 billion. Alfamart has focused on store expansion, product diversification, and operational efficiency to drive profitability.
Industry Insights:
Alfamart has positioned itself as a value-oriented convenience store brand, focusing on affordable prices and basic necessities. The chain has targeted underserved communities in suburban areas, offering a mix of staple goods, fresh produce, and daily essentials to meet the needs of budget-conscious consumers.
6. AllDay Supermarket
Market Share:
AllDay Supermarket is a hybrid convenience store and grocery chain that has gained popularity in the Philippines, with a market share of around 3%. The company operates over 30 stores in key urban areas, offering a wide range of fresh produce, groceries, household items, and ready-to-eat meals.
Financial Data:
AllDay Supermarket is a subsidiary of AllValue Holdings, Inc., a local retail conglomerate. The company reported a net income of PHP 100 million in 2020, with revenue reaching PHP 2 billion. AllDay has focused on store differentiation, product assortment, and customer service to compete in the competitive convenience store market.
Industry Insights:
AllDay Supermarket has positioned itself as a one-stop shop for urban consumers, offering a mix of convenience store and grocery store products. The chain has focused on store layout, merchandising strategies, and promotional activities to attract shoppers looking for a convenient shopping experience.
7. FamilyMart
Market Share:
FamilyMart is a popular convenience store chain in the Philippines, with a market share of approximately 10%. The company operates over 200 stores nationwide, offering a mix of Japanese and international products, including onigiri, sandwiches, and pastries.
Financial Data:
FamilyMart Philippines is a joint venture between Ayala Corporation and SSI Group, Inc. The company reported a net income of PHP 800 million in 2020, with revenue reaching PHP 8.2 billion. FamilyMart has continued to invest in store expansion and product innovation to drive growth.
Industry Insights:
FamilyMart has positioned itself as a premium convenience store brand, focusing on high-quality food and beverage offerings. The chain has introduced new product lines, such as artisanal coffee, gourmet sandwiches, and healthy snacks, to attract a more affluent customer base.
8. San Mig Food Ave.
Market Share:
San Mig Food Ave. is a convenience store chain operated by San Miguel Corporation, one of the largest conglomerates in the Philippines. The company has a market share of around 2%, with over 50 stores nationwide offering a mix of San Miguel products, snacks, beverages, and quick meals.
Financial Data:
San Miguel Corporation reported a net income of PHP 10 billion in 2020, with revenue reaching PHP 500 billion. San Mig Food Ave. has continued to expand its store network, introduce new product lines, and enhance its food service offerings to cater to a diverse customer base.
Industry Insights:
San Mig Food Ave. has leveraged its strong brand presence and product portfolio to attract customers seeking quality food and beverage options. The chain has focused on store branding, product placement, and promotional activities to drive foot traffic and sales in a competitive market environment.
9. Circle K
Market Share:
Circle K is an international convenience store chain that has expanded its presence in the Philippines, with a market share of around 2%. The company operates over 50 stores in major urban centers, offering a mix of global and local products, including snacks, beverages, and household items.
Financial Data:
Circle K Philippines is a franchisee of Circle K International, based in the United States. The company reported a net income of PHP 50 million in 2020, with revenue reaching PHP 1 billion. Circle K has focused on store localization, product assortment, and promotional campaigns to attract a diverse customer base.
Industry Insights:
Circle K has differentiated itself in the market by offering a mix of international and Filipino products, appealing to both expatriates and local consumers. The chain has also focused on store design, customer engagement, and digital initiatives to enhance the overall shopping experience and drive loyalty among customers.
10. FamilyMart
Market Share:
FamilyMart is a popular convenience store chain in the Philippines, with a market share of approximately 10%. The company operates over 200 stores nationwide, offering a mix of Japanese and international products, including onigiri, sandwiches, and pastries.
Financial Data:
FamilyMart Philippines is a joint venture between Ayala Corporation and SSI Group, Inc. The company reported a net income of PHP 800 million in 2020, with revenue reaching PHP 8.2 billion. FamilyMart has continued to invest in store expansion and product innovation to drive growth.
Industry Insights:
FamilyMart has positioned itself as a premium convenience store brand, focusing on high-quality food and beverage offerings. The chain has introduced new product lines, such as artisanal coffee, gourmet sandwiches, and healthy snacks, to attract a more affluent customer base.
