Overview

Full belly: Despite favorable consumer preference trends, growth will decelerate

IBISWorld’s industry research report on Specialty Food Stores in New York can be used to help you understand the industry’s market size, growth potential and major companies. Five-year forecasts provide insight into the industry’s prospects, so you can make decisions with confidence. This information is perfectly suited to informing your business plans, pitch books, benchmarking and SWOT analysis.

REPORT SNAPSHOT

Industry Threats & Opportunities

  • The industry will be challenged by greater competition from natural food stores and regular supermarkets
  • The number of companies operating in this industry has been steadily expanding
  • The success of individual industry operators will be based on the variety of products offered

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    Industry Analysis & Industry Trends

    The Specialty Food Stores industry in New York sells specialty and premium food products, which include a variety of baked goods, candy and chocolates, nuts and snacks, artisanal cheese and yogurt, packaged coffee and tea and dozens of gourmet foods. Over the past five years, the industry has grown steadily as rising disposable income levels and higher consumer spending have driven overall economic recovery. In the coming years, the industry is expected to continue expanding steadily as economic conditions improve and a greater share of Americans develop a taste for specialty, premium or all-natural foods. Competition, however, will continue to hinder industry operations as consumers do the bulk of their shopping in grocery and wholesale stores...

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    Industry Report - Starting a New Business Chapter

    Barriers to entry into the Specialty Food Stores industry in New York are low because of the industry's highly fragmented nature. The low level of industry concentration is due to the absence of major players in this market, further reflected by the high share of nonemployers operating in the industry. No one company is expected to account for more than a 5.0% of industry revenue in 2017. 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 specialty food retailer are relatively less than the initial investments required for other food and beverage retailing industries. How..

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    Additional Insights for the Specialty Food Stores in New York Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Specialty Food Stores in New York Industry are

  • Maintenance of excellent customer relations
  • Having a clear market position
  • Attractive product presentation
  • IBISWorld analysts also discuss how external factors such as Per Capita Disposable Income in New York and Consumer Spending in New York in the Specialty Food Stores in New York industry impact industry performance..

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    Industry Products

    What is the Specialty Food Stores in New York Industry?

    Stores in this industry are specialized retailers of premium food products, including baked goods, candy and chocolate, snacks, dairy products, coffee, tea, soft drinks and gourmet foods. The industry only retails packaged products not sold for immediate consumption. This industry also does not include butcher shops, seafood markets or produce markets. Producers of chocolate, bread and bakery goods are excluded from this industry as well.

    Industry Products
    Bakery products
    Candy and snacks
    Dairy products
    Coffee and tea
    Meats and eggs
    Gourmet prepared foods
    Industry Activities
    Retailing candy
    Retailing confectionery products
    Retailing packaged nuts
    Retailing packaged coffee and tea
    Retailing dairy products
    Retailing gourmet foods
    Retailing soft drinks
    Retailing spices
    Retailing organic and health foods

    Table of Contents

    About this Industry
    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry at a Glance
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Industry Performance
    Executive Summary
    Key External Drivers
  • Per Capita Disposable Income in New York
  • Consumer Spending in New York
  • External competition for the Specialty Food Stores industry
  • Healthy eating index

  • Current Performance
  • Rising demand
  • Industry competition and structure
  • Chart: Revenue Growth

  • Industry Outlook
  • Participation and profit
  • External competition
  • Table: Specialty Food Stores in New York Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Specialty Food Stores in New York Industry Lifecycle vs The Economy

  • Products & Markets
    Supply Chains
    Key Buying Industries
  • Caterers
  • Consumers

  • Key Selling Industries
  • Bread Production
  • Coffee Production
  • Confectionery Wholesaling
  • Dairy Wholesaling
  • Seasoning, Sauce and Condiment Production
  • Soft Drink, Baked Goods & Other Grocery Wholesaling
  • Tea Production

  • Products & Services
  • Other
  • Bakery products
  • Candy and snacks
  • Dairy products
  • Coffee and tea
  • Meats and eggs
  • Gourmet prepared foods
  • Chart: Specialty Food Stores in New York Industry Products and Services Segmentation

  • Major Markets
  • Consumers aged 22 to 39
  • Consumers aged 40 to 51
  • Consumers aged 55 to 70
  • Consumers aged 70+
  • Chart: Major Market Segmentation for the Specialty Food Stores in New York Industry

  • Business Locations
    Chart: Business Locations by State
    Competitive Landscape
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
    ProfitPurchasesWagesOther
  • Chart: Cost Structure Benchmarking – Sector vs Specialty Food Stores in New York

  • Basis of Competition
  • Internal competition
  • External competition

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Specialty Food Stores in New York Industry

  • Major Companies
    Dylan's Candy BarIt'Sugar LLCMurray's Cheese ShopScarborough Fare
  • Table: Dylan's Candy Bar - financial performance
  • Table: It'Sugar LLC - financial performance
  • Table: Murray's Cheese Shop - financial performance
  • Table: Scarborough Fare - financial performance

  • Operating Conditions
    Capital Intensity
  • Chart: Level of Capital Intensity for the Specialty Food Stores in New York Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Key Statistics
    Table: Industry Data for the Specialty Food Stores in New York Industry
    Includes:
  • Industry Revenue (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Wages (2008-2022)
  • Per capita disposable income in New York (2008-2022)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Jargon & Glossary
    Big-Box Store
  • A retail store that is differentiated by its sheer size and large range of products, including electronics, household goods and other consumer products.
  • Brick-And-Mortar
  • A store that has a physical presence and location, as opposed to an online retailer.
  • Radio Frequency Identification (Rfid)
  • A technology that tracks products from the time they leave the assembly line to the time they leave the store by releasing continuous signals from a chip.
  • Why buy this report?

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Specialty Food Stores in New York:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Specialty Food Stores in New York market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Specialty Food Stores in New York, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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