Coffee & Snack Shops in the US
Over the five years to 2017, the Coffee and Snack Shops industry has been buoyed by increased consumer spending, which was 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 of the foodservice sector, as consumers increasingly seek convenience at an affordable price. Major operators, such as Starbucks and Dunkin' Donuts, are expected to expand their menus over the five years to 2022 to increase sales and profit margins. This expansion includes more offerings of nontraditional, high-margin menu items, such as iced coffee drinks, breakfast items and wraps. Both Starbucks and Dunkin' Donuts plan on rolling out hundreds of new stores over the next five years, expanding into unsaturated markets, while also experimenting with different store formats.
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.