The Bakery Cafes industry is heating up as consumers become more interested in moderately priced, high-quality menu offerings. The industry has surged ahead and outperformed the overall food service sector, driven largely by changing consumer preferences. As operators add more stores and consumer awareness of this relatively new segment increases within the food sector, industry revenue is expected to rise. Economic fundamentals, such as consumer spending and disposable income, are anticipated to perform strongly during the outlook period, creating a favorable operating environment for bakery cafes. To avoid price-based competition and to protect profit margins, operators are expected to target markets with greater potential for growth, such as the breakfast crowd.
This industry comprises companies that produce food that is flour-based in an on-site oven for immediate consumption. Typical products include bread, cakes, pastries, pies and bagels, as well as complementary products, such as sandwiches, soups and salads. Purchases may be consumed on-site or taken to go.
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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