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Specialty Food Stores in the US - Industry Market Research Report

Specialty Food Stores in the US - Industry Market Research Report

  • July 2018
  • 33 pages
  • ID: 237441
  • Format: PDF
  • By Ibisworld

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

Abstract

Specialty Food Stores in the US
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. Over the five years to 2023, the industry is expected to experience greater competitive pressure from natural food stores and regular supermarkets, both of which are increasingly focused on offering the same products sold by industry operators.

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.

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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