Specialty Food Stores in California
Operators within the Specialty Food Stores industry in California sell a variety of specialty food products, including baked goods, candy and snacks, artisanal cheeses and premium packaged coffee and tea. Although improved economic conditions and shifts in consumer preferences have been beneficial to the industry, rising competition from supermarkets and traditional grocery stores has constrained growth for specialty food stores over the past five years. Over the next five years, the industry is expected to face rising competitive pressure from natural food store chains and conventional supermarkets, both of which are increasingly focused on offering the same products sold by industry operators. Since these larger stores are generally able to sell products at lower prices than specialty retailers, industry operators will likely be forced to drive down prices or focus more on niche markets.
Stores in this industry are specialized retailers of premium food products including baked goods, candy, chocolate, snacks, dairy products, coffee, tea, soft drinks and gourmet foods. The industry only retails packaged products not sold for immediate consumption. This industry also 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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