Coffee & Snack Shops in the US
Over the five years to 2018, the Coffee and Snack Shops industry has been bolstered by the growth in the domestic economy. Increases in consumer spending, driven by higher disposable incomes and rising consumer confidence, coupled with the falling unemployment rate, has led to increased spending at industry locations. Over the five years to 2018, industry revenue is expected to increase. The industry has had to adapt to changing consumer preferences over the past five years, especially those relating to health and diet. Major operators, such as Starbucks Corporation and Dunkin' Brands Inc., are expected to expand their menus and remodel the designs of their locations over the five years to 2023 to increase sales and draw a wider range of customers.
This industry is composed of establishments that prepare or serve specialty snacks and nonalcoholic beverages including ice cream, frozen yogurt, cookies, doughnuts, 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.
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