Industry Analysis & Industry Trends
Over the past five years, the Coffee and Snack Shops industry has been buoyed by increased consumer spending, driven by higher disposable incomes and greater confidence in the economic outlook. Demand for coffee and snack shops has increased at a faster rate than most segments in the foodservice sector, as consumers increasingly seek convenience at an affordable price. Additionally, the industry has adapted to changing consumer preferences, especially those relating to health and diet. Over the next five years, these trends are expected to continue bolstering demand. As a result, major chains will invest in expansion and international growth, strengthening industry revenue... purchase to read more
Industry Report - Industry Products Chapter
The Coffee and Snack Shops industry includes a range of store types that generally promote and sell a specific snack or beverage, such as coffee, bagels, ice cream, frozen yogurt or cookies. The product mix for individual stores varies considerably; however, the industry average is weighted towards coffee shops such as Starbucks and Dunkin' Donuts due to their large market share. Both these chains generate well over 50.0% of their revenue from beverages, with Starbucks earning an estimated 75.0% and Dunkin' Donuts earning 63.0% from beverage sales.
Coffee is by far the largest product segment in the industry, accounting for an estimated 51 percent of industry revenue... purchase to read more