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 SWOT Analysis Chapter
The Chocolate Stores industry is in the mature phase of its life cycle. Growth within the industry has been minimal, but sustained demand for the industry's products has kept the sector in a mature stage. Chocolate stores have developed few new services and generally differentiate themselves by the quality of products and prices that they offer. Technological developments also have been nominal, with most technological changes occurring at the manufacturing level. Moreover, the industry experiences an increasing level of external competition. For example, supermarkets, drug stores and mass merchandisers offer low prices along with the convenience of one-stop shopping.
Over the 10 years to 2018, industry value added (i.e... purchase to read more