Overview

Getting full: Despite favorable consumer preference trends, growth will decelerate

IBISWorld’s industry research report on Specialty Food Stores provides up-to-date sales and market data, allowing you to identify the product and customer segments driving revenue growth. The report identifies the leading companies in the industry, and offers strategic analysis of the key factors influencing the market. Our data forecasts are accompanied by full analysis to illustrate how the market is responding to dominant and emerging trends.

REPORT SNAPSHOT

Market Share of Companies
There are no companies with a dominant market share in this industry
Industry Statistics & Market Size
Revenue
$10bn
Annual Growth
12-17
2.5%
Annual Growth
17-22
Profit
Employment
130,320
Business
53,870

Industry Threats & Opportunities

  • The industry is expected to face greater competitive pressure from natural food stores and regular supermarkets
  • Growth in demand for specialty and premium foods has been particularly rapid
  • The success of individual industry operators will be based on the variety of products offered
  • Industry Analysis & Industry Trends

    The Specialty Food Stores industry 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 during the next five years as economic conditions improve and a greater share of Americans develop a taste for specialty, premium or all-natural foods.

    Industry Report - Industry Products Chapter

    Candy, chocolate and snacks

    Confections and snacks represent the single largest line of products sold by specialty retail stores, accounting for an expected 26.8% of industry revenue in 2017. 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 non-GMO, 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

    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..

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    Industry Products

    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 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, chocolate and snacks
    Dairy products
    Coffee and tea
    Refrigerated and frozen meats, seafood and eggs
    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
  • 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

  • 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
  • Candy, chocolate and snacks
  • Bakery products
  • Refrigerated and frozen meats, seafood and eggs
  • Coffee and tea
  • Dairy products
  • 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
    Competitive Landscape
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Profit
  • Purchases
  • Wages
  • Other costs
  • Chart: Cost Structure Benchmarking – Sector vs Specialty Food Stores

  • Basis of Competition
  • Internal competition
  • External competition

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

  • Industry Globalization
    Major Companies
    There are no major players in this industry
    Operating Conditions
    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
    Key Statistics
    Table: Industry Data for the Specialty Food Stores Industry
    Includes:
  • Industry Revenue (2008-2022)
  • Industry Gross Product (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Wages (2008-2022)
  • Consumer spending (2008-2022)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Table: Industry Financial Ratios
    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:
    • 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.

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