Over the past five years, the Coffee and Snack Shops industry has been buoyed by increased consumer spending, driven by higher disposable incomes and greater confidence in the economic outlook. Demand for coffee and snack shops has increased at a faster rate than most segments in the foodservice sector, as consumers increasingly seek convenience at an affordable price. Additionally, the industry has adapted to changing consumer preferences, especially those relating to health and diet. Over the next five years, these trends are expected to continue bolstering demand. As a result, major chains will invest in expansion and international growth, strengthening industry revenue.
This industry is composed of establishments that prepare or serve specialty snacks and nonalcoholic beverages including ice cream, frozen yogurt, cookies, donuts, bagels, coffee, juices, smoothies and sodas. Purchases may be consumed on site, taken to go or delivered.
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.