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

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

Coffee & Snack Shops in the US

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.