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 - Starting a New Business Chapter
The barriers to entry for chocolate retailers are relatively low. New entrants may have difficulty competing with established retailers who have achieved a reputation for quality and brand name recognition. However, the lack of a proven quality from smaller-scale operators and lack of market dominance may encourage new store retailers to enter this industry by creating an easier avenue to attract and maintain a market share. Moreover, operators planning to enter this industry are not particularly constrained by the capital investment required to open a store, as the entry costs of a retail store are relatively cheaper than other industries... purchase to read more