Industry Analysis & Industry Trends
Over the five years to 2014, the Coffee and Snack Shops industry has experienced steady growth thanks to an increase in consumer spending resulting from a healthier economic outlook and higher disposable incomes. Additionally, the industry has had to alter its product offerings in order to appease changing consumer preferences over the period. Consequently, industry operators have reduced the amount of products offered that contain high levels of salt and fat. Over the next five years, major industry operators are expected to increase their international operations in order to capitalize on emerging markets abroad. Furthermore, industry operators will also increase their menu options to increase sales and profitability... purchase to read more
Industry Report - Industry Locations Chapter
The industry's business locations are primarily distributed according to the population. Because the industry provides quick meals to consumers, industry establishments need to be located near their customer base. The level of household income per capita also plays a role, as those households with higher incomes are more likely to spend higher amounts on food and beverages consumed outside the home.
The West region contains the highest number of establishments, with 25.8% of the industry total. This high percentage is due to the large population of the region (17.0%) and the fact that the region is a tourism and business hub. Other regions with a significant number of establishments include the Mid-Atlantic (18.7%), the Great Lakes (12.4%) and the Southeast (15.6%)... purchase to read more