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Coffee & Snack Shops in the US - Industry Market Research Report

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    Report

  • 72 Pages
  • November 2023
  • Region: United States
  • IBISWorld
  • ID: 1718385

Snack time: The industry landscape may remain changed following COVID-19

The Coffee and Snack Shops industry has experienced increasing volatility because of domestic and global economic changes. Before the worldwide spread and economic impact of COVID-19, the industry was bolstered by growth in the domestic economy. Increases in consumer spending led to increased spending at industry locations. For most of the period, demand for coffee and snack shops has grown faster than most segments of the food service sector as consumers have increasingly sought out convenience at an affordable price. Nonetheless, the coronavirus heavily affected the industry as it caused a sharp decline in demand for coffee and snacks and forced some establishments to curtail their sit-down operations. Industry revenue increased at a CAGR of 1.4% to $54.5 billion over the past five years, despite a 0.7% decline in 2023 alone.

This industry comprises operators 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.

Table of Contents

ABOUT THIS INDUSTRY
  • Industry Definition
  • Main Activities
  • Similar Industries
  • Additional Resources
INDUSTRY AT A GLANCE
INDUSTRY PERFORMANCE
  • Executive Summary
  • Key External Drivers
  • Current Performance
  • Industry Outlook
  • Industry Life Cycle
PRODUCTS & MARKETS
  • Supply Chain
  • Products & Services
  • Demand Determinants
  • Major Markets
  • International Trade
  • Business Locations
COMPETITIVE LANDSCAPE
  • Market Share Concentration
  • Key Success Factors
  • Cost Structure Benchmarks
  • Basis of Competition
  • Barriers to Entry
  • Industry Globalization
MAJOR COMPANIES
OPERATING CONDITIONS
  • Capital Intensity
  • Technology & Systems
  • Revenue Volatility
  • Regulation & Policy
  • Industry Assistance
KEY STATISTICS
  • Industry Data
  • Annual Change
  • Key Ratios
JARGON & GLOSSARY

Companies Mentioned (Partial List)

A selection of companies mentioned in this report includes, but is not limited to:

  • Starbucks Corporation
  • Krispy Kreme Doughnuts Inc.

Methodology

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