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 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