Industry Analysis & Industry Trends
Chocolate consumption seems to be a mainstay among US consumers. Over the five years to 2015, revenue for the Chocolate Stores industry has expanded and will continue to increase during the five years to 2020. This growth, though facilitated by high cocoa prices, will be mostly driven by rising per capita disposable income. 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 Products Chapter
Retailing premium chocolate products
Premium chocolate products are the largest industry offering, accounting for an estimated 52.4% of industry revenue in 2015. Premium products, also known as gourmet, prestige or luxury, are made of high-quality cocoa beans and come in a variety of flavors. Dark premium chocolate is especially popular because of its rich taste and high nutritional value, including antioxidants. Premium chocolates come in a variety of shapes and forms as well, including chocolate bars, boxes, truffles and bark, and are typically contained in special packaging.
Premium chocolates are offered at a higher price point relative to other segments and help support this industry's growth and profit margins... purchase to read more