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 SWOT Analysis Chapter
The Chocolate Stores industry is in the mature phase of its life cycle. IBISWorld expects industry value added (IVA), which measures the industry's contribution to the economy, to increase an annualized 4.2% in the 10 years to 2020. By contrast, US GDP is expected to grow an annualized 2.5% over the period. The industry's contribution to the economy is growing because of a combination of rising disposable incomes in the aftermath of recovery and rising cocoa and chocolate prices. Contribution to the economy is expected to stabilize once these factors moderate.
Other industry characteristics are more reflective of maturity. Chocolate stores have developed few new services and generally differentiate themselves by the quality of products and prices that they offer... purchase to read more