Specialty Food Stores in the US - Industry Market Research Report

Fully stocked: Profit will continue improving as consumer spending increases

Operators in the Specialty Food Stores industry sell specialty lines of food products that include baked goods, candy and snacks, artisanal cheeses and premium packaged coffee. Although improved economic conditions and shifts in consumer preferences have benefited the industry, rising competition from other industries has constrained growth for operators over the five years to 2023. Specifically, specialty food stores have experienced intense competition from the specialty food aisles of traditional supermarkets and grocery stores. 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 does not include butcher shops, seafood markets or produce markets. Producers of chocolate, bread and bakery goods are also excluded from this industry. 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.