Industry Analysis & Industry Trends
The Ice Cream and Gelato Store Franchises industry has increased during the current five-year period. Several factors have been influencing demand for ice cream and gelato, especially the increasing health consciousness of consumers, higher input costs and the emergence of frozen yogurt. Industry revenue growth will be more subdued over the next five years, as competition from healthier, frozen yogurt substitutes intensifies. Consumers are increasingly moving away from ice cream and gelato stores, as the level of health consciousness in the United States rises. However, ice cream and gelato's popularity during warm summer months is expected to cushion the industry from any serious declines in demand.... purchase to read more
Industry Report - Industry SWOT Analysis Chapter
The Ice Cream and Gelato Store Franchises industry is in the growth phase of its life cycle. The industry's value added, which measures the industry's contribution to the overall economy, is projected to rise at an annualized rate of 3.7% in the ten years to 2021. This compares to GDP growth of 2.2% over the same period. Ice cream and gelato franchises provide popular frozen snacks to consumers, and there is wide market acceptance of these products. However, increasing the health consciousness of consumers has discouraged some people from indulging in the fatty and sugary treats industry operators provide.
Furthermore, the number of industry establishments is projected to increase at an annualized rate of 0.9% in the 10 years to 2021... purchase to read more