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 Key Buyers Chapter
Concentration in the Chocolate Stores industry is moderate. In 2013, the largest three operators account for an estimated 60.6% of industry revenue. Market share has increased over the past five years because a number of companies exited the industry during the recession. Additionally, larger companies are looking to expand their footprint in nearby areas, where they can add value and turn once-struggling operations into profitable ventures. Smaller chocolate shops operate locally and provide services to a small segment of the population... purchase to read more