Industry Analysis & Industry Trends
Chocolate consumption seems to be a mainstay among US consumers. Over the five years to 2016, revenue for the Chocolate Stores industry has expanded and will continue to increase over the next five years. Rising per capita disposable income is expected to drive the majority of industry growth. Many consumers consider chocolates daily luxuries, in which they will indulge regardless of economic conditions. Although the majority of chocolate will be retailed at supermarkets and other retailers outside the industry, industry operators will continue to benefit from rising disposable incomes and growing demand for premium chocolates. Limited cocoa supply will also keep chocolate selling prices high, aiding industry revenue and profit.... purchase to read more
Industry Report - Industry Analysis Chapter
The Chocolate Stores industry includes specialty shops and boutiques which exclusively sell chocolates to consumers. Chocolates sold in industry establishments are often considered premium and of higher quality than generic brands found at other retailers (i.e. convenience and grocery stores), thus they are sold at higher prices. Prices are closely linked to the world price of cocoa, which determines the cost of chocolate before the retail markup price is applied. Also considered a discretionary good, specialty chocolates fare best when disposable incomes increase.
Despite increasing incomes in the past five years, revenue was slightly contained by growing health concerns surrounding the consumption of confectionery goods... purchase to read more