The rapid rise of premiumisation as a consumer trend has driven strong growth for the Specialty Chocolate Stores industry over the past five years. New players have entered the industry, and existing enterprises have expanded or franchised – with the unfortunate exception of Darrell Lea Chocolate Shops. With the industry's products in high demand, revenue is forecast to grow at a compound annual rate of 4.6% over the five years through 2015-16. Consumers purchase premium chocolates as an affordable indulgence or as a gift for special occasions. Industry revenue is expected to grow by 2.8% over 2015-16, bringing revenue to $307.5 million.
Industry operators are primarily engaged in the retail of chocolate and chocolate products. This includes specialty and boutique chocolate stores that may also retail products such as hot chocolates, cakes and pastries. Supermarkets and department stores are excluded from the industry.
The report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecast, growth rates and an analysis of the industry key players and their market shares.