Coffee break: Operators will likely expand menu options to appeal to more consumers
Coffee & Snack Shops in the US Over the five years to 2019, the Coffee and Snack Shops industry has been bolstered by growth in the domestic economy. Increases in consumer spending, driven by higher disposable income and rising consumer confidence, have led to increased spending at industry locations when coupled with the falling unemployment rate. Demand for coffee and snack shops has increased at a faster rate than most segments of the food service sector as consumers are increasingly seeking convenience at an affordable price. Major operators are expected to expand their menus and remodel their location designs to increase sales and draw a wider range of customers over the five years to 2024. This expansion includes more offerings of nontraditional, high-margin menu items, such as specialized coffee drinks, breakfast items and wraps. These enterprises plan on rolling out hundreds of new stores over the next five years and expanding into unsaturated markets while experimenting with different store formats.
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.
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