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

Operators within the Specialty Food Stores industry sell a specialty line of food products that includes baked goods, candy and snacks, artisanal cheeses and premium packaged coffee. Although improved economic conditions and shifts in consumer preferences have been beneficial to the industry, rising competition from other industries has constrained growth for specialty food stores over the past five years. However, these conditions were more than offset by rising health awareness and a shifting consumer preference toward premium, all-natural foods...purchase to read more.

Industry Statistics & Market Size
Annual Growth 13-18
Forecast Growth 18-23
Market Share of Companies
There are no companies with a dominant market share in this industry

Industry Threats & Opportunities

  • The industry is expected to experience greater competitive pressure from natural food stores and regular supermarkets
  • Growth in demand for specialty and premium foods has been particularly rapid
  • Households will likely increase spending on discretionary products, such as specialty foods
  • Industry Report - Industry Products Chapter

    Candy, chocolate and snacksConfections and snacks represent the single largest line of products sold by specialty retail stores, accounting for an expected 26.4% of industry revenue in 2018. Specialty food stores that specialize in confections typically focus on premium candy varieties such as old-fashioned taffy or premium chocolate varieties such as handmade fudge or bitter chocolate. Other specialty food stores sell a wide range of nonGMO, organic or otherwise all-natural snacks such as trail mix, snack bars, jerky and gourmet popcorn. This segment has grown steadily over the past five years, as Americans increasingly choose to eat snacks throughout the day rather than full meals. Acc...purchase to read more.

    Additional Insights for the Specialty Food Stores Industry

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

  • Maintenance of excellent customer relations
  • Having a clear market position
  • Attractive product presentation
  • IBISWorld analysts also discuss how external factors such as External competition for the Specialty Food Stores industry and Per capita disposable income in the Specialty Food Stores industry impact industry performance..

    shopping_cartPURCHASE OPTIONS

    What's in this report

    What is the Specialty Food Stores 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 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, chocolate and snacks
  • Dairy products
  • Meat, eggs and seafood
  • 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

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • External competition for the Specialty Food Stores industry
  • Per capita disposable income
  • Consumer Confidence Index
  • Healthy eating index

  • Current Performance
  • Natural appeal
  • Shifts in industry structure from competition
  • Chart: Revenue Growth

  • Industry Outlook
  • Favorable economic conditions
  • External competition
  • Table: Specialty Food Stores Industry Revenue Outlook

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

  • 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
  • Candy, chocolate and snacks
  • Bakery products
  • Dairy products
  • Meat, eggs and seafood
  • Chart: Specialty Food Stores Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Millennials
  • Generation X
  • Baby boomers
  • Swing generation
  • Chart: Major Market Segmentation for the Specialty Food Stores Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
    ProfitPurchasesWagesOther costs
  • Chart: Cost Structure Benchmarking – Sector vs Specialty Food Stores

  • Basis of Competition
    Internal competitionExternal competition
    Barriers to Entry
  • Table: Barrier to Entry Checklist for the Specialty Food Stores Industry

  • Industry Globalization
    There are no major players in this industry. This report includes analysis of other companies.
    Capital Intensity
  • Chart: Level of Capital Intensity for the Specialty Food Stores Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

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

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Specialty Food Stores Industry
  • Industry Revenue (2009-2023)
  • Industry Gross Product (2009-2023)
  • Establishments (2009-2023)
  • Businesses (2009-2023)
  • Employment (2009-2023)
  • Wages (2009-2023)
  • Consumer spending (2009-2023)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Table: Industry Financial Ratios
    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.
  • What Our Customers Say

    Why buy this report?

    The Specialty Food Stores Industry Research Report measures market size, analyses current and future trends, and provides an indication of market share for the industry’s largest companies. IBISWorld’s collection of industry market research reports gives you insightful, up-to-date information on the supply chains, economic drivers, and key buyers and markets for hundreds of industries.

    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:
    • 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 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, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

    Contact Us

    Want to speak to a representative? Call us.