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Specialty Food Stores in the US - Industry Market Research Report

  • November 2016
  • 33 pages
  • Ibisworld
Report ID: 237441

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



Abstract

Specialty Food Stores in the US

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.

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.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.



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