Convenience stores total sales Philippines 2016-2024

Convenience stores in the Philippines generated total sales of about 2.2 billion U.S. dollars in 2023, indicating an increase of about 24 percent from the previous year. The revenue of convenience stores was forecast to continue expanding in the following year. 

International chain convenience stores’ dominance in the Philippines 

7-Eleven emerged as the most profitable convenience store in the Philippines in 2023, with total retail sales amounting to nearly four billion U.S. dollars. It also had the highest number of stores in the same year, twice as many as its nearest competitor, Alfamart. 7-Eleven is the largest convenience store chain across the globe, with most of its stores located in Japan as of January 2020. Meanwhile, Indonesian convenience store chain Alfamart opened its first store in 2014 and has since expanded to over 1,600 locations nationwide in 2023.

The rise of the online grocery market 

 Fueled by limited physical movement during the pandemic, retail outlets in the Philippines started offering online grocery delivery to their customers. In fact, between 2019 and 2021, e-commerce sales of food and beverages in the Philippines rose by about 820 percent as grocery stores started partnering with third-party providers to take care of delivery. The online grocery market in the Philippines is estimated to continue growing in the upcoming years.