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 Key Buyers Chapter
The highly fragmented Specialty Food Stores industry has a very low level of market share concentration. The majority of specialty food stores have between 1 and 4 employees on their payroll, while a significant portion of industry establishments are owned and managed entirely by only one person or family. Since this industry encompasses a broad range of divergent retail outlets that each specialize in a specific food segment, no single operator has a dominant position. In fact, no industry participant is expected to control more than a 1.0% share of the market in 2016.
With such fragmentation in the industry, specialized food stores have individually carved out a market niche by specializing in certain food categories... purchase to read more