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Chocolate Stores: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Chocolate Stores Market Research Report | NAICS OD5339 | Jun 2016

Sweet stability: Innovation and luxury spending keep industry revenue growth steady

IBISWorld’s Chocolate Stores market research report provides the latest industry statistics and industry trends, allowing you to identify the products and customers driving revenue growth and profitability. The industry report identifies the leading companies and offers strategic industry analysis of the key factors influencing the market.

Report Snapshot
Industry Statistics & Market Size
Revenue
$2bn
Annual Growth 11-16
1.9%
Annual Growth 16-21
Annual Growth
Profit
Profit
Employment
20,538
Businesses
7,558
Industry Threats & Opportunities
  • Operators will continue to benefit from growing demand for premium chocolates
  • Passing costs downstream has boosted revenue while keeping profit margins stable
  • The industry will continue to expand, benefiting from ongoing demand for chocolate
  • ... purchase to read more

Industry Analysis & Industry Trends

Chocolate consumption seems to be a mainstay among US consumers. Over the five years to 2016, revenue for the Chocolate Stores industry has expanded and will continue to increase over the next five years. Rising per capita disposable income is expected to drive the majority of industry growth. Many consumers consider chocolates daily luxuries, in which they will indulge regardless of economic conditions. Although the majority of chocolate will be retailed at supermarkets and other retailers outside the industry, industry operators will continue to benefit from rising disposable incomes and growing demand for premium chocolates. Limited cocoa supply will also keep chocolate selling prices high, aiding industry revenue and profit... ... purchase to read more

Industry Report - Starting a New Business Chapter

The barriers to entry for chocolate retailers are relatively low. New entrants may have difficulty competing with established retailers who have achieved a reputation for quality and brand name recognition. However, the industry is not fully saturated nor is market share concentration very high, enabling new companies to enter especially into underserved markets. Moreover, 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 retail store are relatively cheaper than other industries. There are also few regulations binding retail operations, as opposed to manufacturing regulations which are extensive and entail compliance costs.

.. ... purchase to read more

Additional Insights for the Chocolate Stores Industry

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

  • Having a clear market position
  • Attractive product presentation
  • Production of premium goods/services
  • IBISWorld analysts also discuss how external factors such as Per capita disposable income and Per capita sugar and sweetener consumption in the Chocolate Stores industry impact industry performance... purchase to read more

     


    Industry ProductsRelated Reports

    What is the Chocolate Stores Industry?

    This industry includes specialty shops and boutiques that retail chocolate products to consumers. Supermarkets, department stores, drug stores, mass merchandisers and online retailers are excluded from this industry. Establishments such as coffee shops, bakeries and franchise retail establishments that sell chocolate products also are excluded from this industry.

    Industry Products
    Milk ChocolateDark Chocolate
     
    Industry Activities
    Retailing premium chocolatesRetailing seasonal chocolatesRetailing nonpremium chocolates


    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
  • Per capita sugar and sweetener consumption
  • Healthy eating index
  • World price of cocoa
  • Current Performance
  • An appetite for premium chocolate
  • Seasonal influences
  • High prices and profit margins
  • External competition
  • Chart: Revenue Growth
  • Industry Outlook
  • Rising consumption among adults
  • Industry structure
  • Table: Chocolate Stores Industry Revenue Outlook
  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Chocolate Stores Industry Lifecycle vs The Economy
  • Products & Markets
    Supply Chains
  • Key Buying Industries
  • Consumers
  • Key Selling Industries
  • Chocolate Production
  • Confectionery Wholesaling
  • Products & Services
  • Milk Chocolate
  • Dark Chocolate
  • Other
  • Chart: Chocolate Stores Industry Products and Services Segmentation
  • Demand Determinants
    Major Markets
  • Consumers aged 18 to 44
  • Consumers aged 45 to 64
  • Consumers aged 65 and older
  • Consumers aged 17 and younger
  • Chart: Major Market Segmentation for the Chocolate 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
  • Chart: Cost Structure Benchmarking – Sector vs Chocolate Stores
  • Basis of Competition
  • Internal
  • External
  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Chocolate Stores Industry
  • Industry Globalization
    Major Companies
    See's Candies
    Godiva
    Lindt & Sprungli
  • Table: See's Candies - financial performance
  • Table: Godiva - financial performance
  • Table: Lindt & Sprungli - financial performance
  • Operating Conditions
    Capital Intensity
  • Chart: Level of Capital Intensity for the Chocolate 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 Chocolate Stores Industry
  • Includes:
  • Industry Revenue (2007-2021)
  • Industry Gross Product (2007-2021)
  • Establishments (2007-2021)
  • Businesses (2007-2021)
  • Employment (2007-2021)
  • Wages (2007-2021)
  • Per capita disposable income (2007-2021)
  • Table: Annual Percentage Change for Key Industry Data
  • Table: Key Ratios for Industry Key Data
  • Jargon & Glossary
    Boxed Chocolate
  • Chocolate packaged together for sale in a presentation box.
  • Chocolate Bark
  • A sheet of chocolate that is typically covered in nuts, fruits or additional pieces of chocolate.
  • Cocoa
  • The bean from which cocoa butter, liquor and powder are extracted, and from which chocolate products are made.
  • Dark Chocolate
  • Also known as “semisweet” or “bittersweet” chocolate. A form of chocolate produced by using mostly cocoa solids and very little added milk and sugar, or no milk and added sugar at all.
  • Nonemployer
  • A business with no paid employees. Typically self-employed individuals with annual business revenue of at least $1,000 and subject to federal income taxes.
  • Premium
  • When producers charge consumers a price for their product that is more than its nominal value.
  • Seasonal
  • Products marketed for a specific holiday (i.e. Easter, Valentine’s Day.)

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

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