Introduction
Convenience stores have become an integral part of daily life for many people in Thailand, offering a wide range of products and services in a convenient location. In this report, we will delve into the top 10 convenience store chains in Thailand by market share. We will analyze their financial data, industry insights, and market trends to provide a comprehensive overview of the convenience store landscape in the country.
1. 7-Eleven
Market Share:
7-Eleven is the leading convenience store chain in Thailand, with a dominant market share of over 70%. The company has a vast network of stores across the country, making it a household name for many Thais.
Financial Data:
In 2020, 7-Eleven reported revenue of 100 billion baht, up 5% from the previous year. The company’s net profit also increased by 8% to 10 billion baht, showcasing its strong financial performance.
Industry Insights:
7-Eleven has been at the forefront of innovation in the convenience store industry in Thailand, introducing new products and services to meet the changing needs of consumers. The company’s focus on convenience and customer service has helped it maintain its market leadership position.
2. FamilyMart
Market Share:
FamilyMart is the second-largest convenience store chain in Thailand, with a market share of around 15%. The company has a strong presence in urban areas, catering to a younger demographic.
Financial Data:
FamilyMart reported revenue of 30 billion baht in 2020, up 10% from the previous year. The company’s net profit also saw a significant increase, reaching 5 billion baht.
Industry Insights:
FamilyMart has been focusing on expanding its store network in Thailand, especially in high-traffic areas such as shopping malls and office buildings. The company’s emphasis on fresh food offerings has also been well-received by consumers.
3. Tesco Lotus Express
Market Share:
Tesco Lotus Express is a popular convenience store chain in Thailand, with a market share of around 5%. The company is known for its wide range of products and competitive pricing.
Financial Data:
In 2020, Tesco Lotus Express reported revenue of 15 billion baht, a slight decrease from the previous year. The company’s net profit also saw a decline, reflecting the challenging market conditions.
Industry Insights:
Tesco Lotus Express has been focusing on enhancing its online presence in response to changing consumer behavior. The company has also been investing in technology to streamline its operations and improve efficiency.
4. CP All (Mini Big C)
Market Share:
CP All, which operates Mini Big C convenience stores, holds a market share of around 3% in Thailand. The company leverages the strength of the Big C brand to attract customers.
Financial Data:
In 2020, CP All reported revenue of 8 billion baht, a modest increase from the previous year. The company’s net profit remained stable at 1.5 billion baht.
Industry Insights:
CP All has been focusing on expanding its store network in rural areas to tap into new markets. The company’s strategy of offering a mix of grocery and convenience items has resonated well with customers.
5. Tops Daily
Market Share:
Tops Daily is a convenience store chain owned by Central Retail Corporation, with a market share of around 2% in Thailand. The company focuses on premium products and services.
Financial Data:
In 2020, Tops Daily reported revenue of 5 billion baht, a slight increase from the previous year. The company’s net profit also saw growth, reaching 800 million baht.
Industry Insights:
Tops Daily has been expanding its store network in upscale neighborhoods and tourist areas to target affluent customers. The company’s emphasis on quality and service has helped it differentiate itself in the competitive convenience store market.
6. Lawson 108
Market Share:
Lawson 108 is a popular convenience store chain in Thailand, with a market share of around 2%. The company is known for its Japanese-inspired products and efficient operations.
Financial Data:
In 2020, Lawson 108 reported revenue of 4 billion baht, a modest increase from the previous year. The company’s net profit also saw growth, reaching 600 million baht.
Industry Insights:
Lawson 108 has been focusing on introducing new products and services to attract customers, including a range of healthy snacks and ready-to-eat meals. The company’s collaboration with local suppliers has also helped it expand its product offerings.
7. Amazon Go
Market Share:
Amazon Go is a relatively new player in the Thai convenience store market, with a market share of around 1%. The company’s focus on technology and automation sets it apart from traditional convenience store chains.
Financial Data:
In 2020, Amazon Go reported revenue of 2 billion baht, a significant increase from the previous year. The company’s net profit also saw strong growth, reaching 400 million baht.
Industry Insights:
Amazon Go has been leveraging its advanced technology to offer a seamless shopping experience for customers, including cashless payments and personalized recommendations. The company’s expansion plans include opening more stores in high-traffic locations.
8. Big C Mini
Market Share:
Big C Mini is a convenience store chain operated by Big C Supercenter, with a market share of around 1% in Thailand. The company benefits from its association with the popular hypermarket brand.
Financial Data:
In 2020, Big C Mini reported revenue of 2 billion baht, a slight decrease from the previous year. The company’s net profit also saw a decline, reflecting the challenging market conditions.
Industry Insights:
Big C Mini has been focusing on offering a mix of grocery and convenience items to attract a diverse customer base. The company’s store network includes locations in both urban and rural areas to cater to different shopping preferences.
9. B2S Mini
Market Share:
B2S Mini is a convenience store chain owned by Central Retail Corporation, with a market share of around 1% in Thailand. The company focuses on stationery and office supplies, in addition to traditional convenience store items.
Financial Data:
In 2020, B2S Mini reported revenue of 2 billion baht, a modest increase from the previous year. The company’s net profit remained stable at 300 million baht.
Industry Insights:
B2S Mini has been expanding its product offerings to include a wider range of stationery and office supplies, catering to students and professionals. The company’s strategic partnerships with global brands have helped it attract customers looking for high-quality products.
10. Maxvalu Tanjai
Market Share:
Maxvalu Tanjai is a convenience store chain operated by Maxvalu Thailand, with a market share of around 1% in Thailand. The company focuses on offering fresh produce and imported goods to differentiate itself from competitors.
Financial Data:
In 2020, Maxvalu Tanjai reported revenue of 2 billion baht, a slight increase from the previous year. The company’s net profit also saw growth, reaching 400 million baht.
Industry Insights:
Maxvalu Tanjai has been focusing on sourcing high-quality products from around the world to meet the diverse preferences of Thai consumers. The company’s store layout and design also emphasize a premium shopping experience for customers.
Conclusion
In conclusion, the convenience store market in Thailand is highly competitive, with a few key players dominating the landscape. 7-Eleven leads the market with a significant share, followed by FamilyMart, Tesco Lotus Express, and other prominent chains. These companies continue to innovate and adapt to changing consumer preferences to maintain their market positions. As the convenience store industry evolves, we can expect to see further expansion, technological advancements, and strategic partnerships to drive growth and profitability in the future.
