Navigation Links
Coffee & Snack Shops in the US Industry Market Research Report Now Available from IBISWorld
Date:12/31/2012

Los Angeles, CA (PRWEB) December 31, 2012

After surging over the past decade, the Coffee and Snack Shops industry experienced a major slowdown in 2009 due to a struggling economy and, to a lesser extent, changing consumer tastes. Over the five years to 2012, IBISWorld estimates revenue will grow at an average annual rate of 1.2% to $27.8 billion, says IBISWorld industry analyst Nima Samadi. After revenue declined 6.6% to $25.3 billion in 2009, it resumed its upward climb in 2010 and 2011, with growth of 3.0% and 3.1%, respectively. In 2012, industry revenue is expected to continue its rebound with an increase of 3.4%.
During the recession, consumers spent less on luxuries like eating out, and they purchased lower-priced items when they did spend. This caused high-priced coffee drinks and other nonessential snacks to lose the battle over people's shrinking budgets. Consumers have also become increasingly health-conscious over the five years to 2012, continues Samadi. Many retailers, such as Jamba Juice, have responded by expanding their healthy options and, therefore, have experienced growth due to the health benefits of their products. Still, the general trend toward healthy eating has hurt the industry's unhealthier segments, such as donut and ice cream shops. Furthermore, in response to weak market conditions, the number of establishments is expected to increase more slowly than in the past, at an annualized rate of 2.8% to 56,041. IBISWorld estimates that in 2012, the top players in the Coffee and Snack Shops industry are Starbucks Corporation and Dunkin’ Brands Inc., which gives them considerable market power in determining industry trends and also creates a formidable barrier for non-franchised players. Given the diversity of snack and beverage styles and industry operations, it is not surprising that nearly 48.0% of establishments are small-business operators with nine or fewer employees. Over time, the industry's concentration has been increasing. The recent increase in acquisitions indicates that companies are making a concerted effort to increase profitability by claiming larger portions of market share.
To combat slumping sales, major operators like Starbucks and Dunkin' Donuts are anticipated to expand their menus over the next five years and increase their offerings of nontraditional, high-margin menu items like iced coffee drinks, breakfast items and healthy wraps. These additions are expected to aid these companies in their turnaround. Many major chains are also investing in international growth as part of a long-term strategy. Larger players view China, in particular, as a market with huge potential for growth and long-term profitability. Over the five years to 2017, revenue is forecast to grow. For more information, visit IBISWorld’s Coffee and Snack Shops in the US industry report page.

Follow IBISWorld on Twitter: https://twitter.com/#!/IBISWorld
Friend IBISWorld on Facebook: http://www.facebook.com/pages/IBISWorld/121347533189

IBISWorld industry Report Key Topics

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 or sodas. Purchases may be consumed on-site, taken out or delivered.

Industry Performance
Executive Summary
Key External Drivers
Current Performance
Industry Outlook
Industry Life Cycle
Products & Markets
Supply Chain
Products & Services
Major Markets
Globalization & Trade
Business Locations
Competitive Landscape
Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Barriers to Entry
Major Companies
Operating Conditions
Capital Intensity
Key Statistics
Industry Data
Annual Change
Key Ratios

About IBISWorld Inc.
Recognized as the nation’s most trusted independent source of industry and market research, IBISWorld offers a comprehensive database of unique information and analysis on every US industry. With an extensive online portfolio, valued for its depth and scope, the company equips clients with the insight necessary to make better business decisions. Headquartered in Los Angeles, IBISWorld serves a range of business, professional service and government organizations through more than 10 locations worldwide. For more information, visit http://www.ibisworld.com or call 1-800-330-3772.

Read the full story at http://www.prweb.com/releases/2012/12/prweb10279371.htm.


'/>"/>
Source: PRWeb
Copyright©2012 Vocus, Inc.
All rights reserved

Related medicine news :

1. Author/Designer Perla Lichi Links Her Coffee Table Book "Palaces" With Upcoming On-Line Training Course
2. Coffee May Lower Risk of Death From Mouth Cancer: Study
3. Caffeinated coffee may reduce the risk of oral cancers
4. New L-Carnitine and Green Coffee Bean Supplement, L-Carnitine Plus Now Available
5. Moderate coffee consumption may reduce risk of diabetes by up to 25 percent
6. Latest coffee and health research to be debated at the World Congress on Prevention of Diabetes
7. Heavy Coffee Intake May Affect Fertility Treatments: Study
8. 5 or more cups of coffee a day reduce the chance of IVF success by around 50 percent
9. Coffee May Cut Your Risk for Common Form of Skin Cancer
10. Coffee consumption inversely associated with risk of most common form of skin cancer
11. Coffee Might Actually Help Your Heart
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:1/17/2017)... ... January 17, 2017 , ... In the ... Activewear is a stand-out company for several differences from other mainstream brands. ... on demand, this is called 'Agile' manufacturing - http://www.leanproduction.com/agile-manufacturing.html . It allows ...
(Date:1/17/2017)... ... 17, 2017 , ... Healthful Balance announces the national release ... operated by Ed Stroup, was created to offer the highest quality vitamins and ... customer service. Healthful Balance products can be purchased online through their website, or ...
(Date:1/17/2017)... , ... January 17, 2017 , ... ... enthusiasts at the National Association of Music Merchants (NAMM) winter trade show, Booth ... 2017. , Etymotic’s ER•4® has long been the gold standard for high-definition, in-ear ...
(Date:1/17/2017)... ... , ... Mirror Mirror Beauty Boutique, Houston’s premiere CoolSculpting provider , is ... Crystal Rewards Program. Practice founder, Paul Vitenas, MD FACS, is delighted that Mirror Mirror ... Produced by Zeltiq, CoolSculpting is approved by the Food and Drug Administration as a ...
(Date:1/17/2017)... ... January 17, 2017 , ... Surgeons from New ... eye care practitioners on the latest breakthroughs in the prevention, diagnosis and treatment ... Symposium, according to eye surgeon, Jeffrey Martin, MD, FACS, Chief Executive Officer of ...
Breaking Medicine News(10 mins):
(Date:1/18/2017)... After the recent election cycle, it ... cannabis both for medical and recreational purposes are shifting. The ... the use of cannabis, but the focus is coming from ... Research, the North American legal cannabis market posted $6.7 billion ... The research projects sales will grow at a compound annual ...
(Date:1/18/2017)... National Regulatory Authority Chinese Food and Drug Administration ... Flanders Institute Food and Drug Administration FORT ... Alliance Glaxo Smith Klein GlaxoWellcome ... Japan Immune Targeting Systems Indian ... of oxford Johnson & Johnson Krka Pharmaceuticals ...
(Date:1/17/2017)... , Jan. 17, 2017 Secretary of ... Alcohol Programs Secretary Gary Tennis are warning ... following two recent overdose deaths from the drug in ... "Carfentanil is intended to sedate large animals and is ... anyone who comes into contact with it," Secretary Murphy ...
Breaking Medicine Technology: