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 Locations Chapter
The spread of establishments within the Chocolate Stores industry is concentrated mostly throughout the West and Mid-Atlantic regions, generally corresponding with the distribution of the population and high levels of chocolate consumption. Additionally, chocolate retailers tend to locate in areas of high demand for premium chocolate products.
In 2013, the West will account for the largest portion of industry establishments at roughly 21.8%. The West also generates the most revenue because of the high number of high earners within the region. The Mid-Atlantic region accounts for the second-largest share of industry establishments at roughly 21.7%. The Southeast will account for the third-largest share of industry establishments at roughly 16.9%... purchase to read more