Over the past five years, the industry has grown steadily in line with overall economic recovery driven by rising disposable income levels and higher consumer spending. Favorable changes in consumer preferences, such as growing interest in all natural, organic or otherwise unprocessed foods instead of processed alternatives, has also helped boost industry performance. However, external competition from other industries, such as natural good grocery store chains, has diverted demand away from industry operators. In the next five years, intense competition will continue, limiting revenue growth .
Stores in this industry are specialized retailers of premium food products including baked goods, candy and 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.
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.