Industry Analysis & Industry Trends
The Chocolate Stores industry is a mature one, providing widely accepted chocolate products to downstream consumers. Revenue growth is determined by demand from households, which is ultimately driven by consumer spending and preferences. During the five years to 2013, industry revenue has grown at an estimated average annual rate of 3.4% to $895.3 million, including anticipated growth of 3.8% in 2013. Sustained, albeit nominal, increases in disposable income have underpinned growth. The recession that started in 2008 and continued through 2009 only marginally hindered the industry, causing revenue to contract a slight 0.5% in 2008.
Consumers regard chocolate products as small, yet affordable luxuries.... purchase to read more
Industry Report - Industry Products Chapter
Premium chocolate products
Premium chocolate products, which are also known as gourmet, prestige or luxury, account for the largest share (about 52.4%) of industry revenue. This segment includes high-quality produced chocolate, which comes in various types, such as traditional unsweetened pure chocolates, milk chocolate and dark chocolate. These products typically contain special packaging and a higher price point relative to other segments. Premium chocolate products are the fastest-growing segment within the industry.
Seasonal and boxed chocolate products
Demand for seasonal and boxed chocolate products, which account for an estimated 23.7% of revenue, has increased during the past five years... purchase to read more