Industry Analysis & Industry Trends
Over the past five years, the Speciality Food Stores industry has grown steadily as rising disposable incomes and higher consumer spending have driven strong sales across all grocery retail channels. In addition, favorable changes in consumer preferences, such as rapidly growing interest in all-natural or organic foods in place of processed alternatives, have helped boost industry performance. In the coming years, the industry is expected to face greater competitive pressure from natural food stores and regular supermarkets, both of which are increasingly focused on offering the same products sold by industry operators... purchase to read more
Industry Report - Industry Products Chapter
Candy and snacks
Confectioneries and snacks represent the largest line of products sold by specialty food stores, accounting for 28.8% of industry revenue in 2015. Specialty food stores that specialize in confections typically focus on premium candy varieties such as old-fashioned taffy or premium chocolate. Other specialty food stores sell a wide range of non-GMO, organic or otherwise all-natural snacks such as trail mix, snack bars, jerky and gourmet popcorn. This segment has grown steadily over the past five years, as Canadians have chosen to snack more often throughout the day.
Baked goods are estimated to account for 20.2% of industry revenue in 2015... purchase to read more