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Snackbars & Coffeerooms

Snackbars & Coffeerooms

$1,000.00
$1,000.00
Sale Sold out

Executive summary

Over the five years to 2022, the Coffee and Snack Shops industry has experienced increasing volatility due to changes in the domestic and global economic environments. Prior to the global spread and economic impact of COVID-19 (coronavirus), 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 increased at a faster rate than most segments of the food service sector as consumers have increasingly sought out convenience at an affordable price. Nonetheless, the industry was heavily affected by the coronavirus as it caused a sharp decline in demand for industry goods and services as well as forced some establishments to close due to stay-at-home and essential business restrictions. This is expected to cause industry revenue to decline 7.1% in 2020 alone. Although this decline did cause a decrease in profit, it did not wipe out the growth for the first three years of the period. IBISWorld estimates that industry revenue will increase an annualized 2.8% to $51.3 billion over the five years to 2022, including 2.8% growth in 2022 alone.
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industry revenue;

industry profit;

industry margin;

industry employment;

industry major players;

industry key external drivers;

industry product & structure segmentation;

industry key trends;

industry Life Cycle;

industry Geographic Breakdown;

industry Key Success Factors;

industry Key statistics for previous years;

forecast of industry Key statistics for the next 5 years;

Reference Wordlist

BARRIERS TO ENTRY
High barriers to entry mean that new companies struggle to enter an industry, while low barriers mean it is easy for new companies to enter an industry.

CAPITAL INTENSITY
Compares the amount of money spent on capital (plant, machinery and equipment) with that spent on labor.
IBISWorld uses the ratio of depreciation to wages as a proxy for capital intensity. High capital intensity is more than $0.333 of capital to $1 of labor; medium is $0.125 to $0.333 of capital to $1 of labor; low is less than $0.125 of capital for every $1 of labor.

CONSTANT PRICES
The dollar figures in the Key Statistics table, including forecasts, are adjusted for inflation using the current year (i.e. year published) as the base year. This removes the impact of changes in the purchasing power of the dollar, leaving only the "real" growth or decline in industry metrics. The inflation adjustments in IBISWorld’s reports are made using the US Bureau of Economic Analysis’ implicit GDP price deflator.

DOMESTIC DEMAND
Spending on industry goods and services within the United States, regardless of their country of origin. It is derived by adding imports to industry revenue, and then subtracting exports.

EMPLOYMENT
The number of permanent, part-time, temporary and seasonal employees, working proprietors, partners, managers and executives within the industry.

Colloquial Terminology

BABY BOOMERS
The generation of Americans born between 1946 and 1964.

BARISTA
A person who prepares and serves espresso-based coffee drinks.

ESPRESSO
Coffee brewed by forcing a small amount of nearly boiling water under pressure through finely ground coffee beans.

FOOD SERVICE
The practice or business of making, transporting and serving or dispensing prepared foods outside the home.

FRANCHISE
A store that uses a well-known company's business model, including their trademark and goods, for a fee. This is an alternative to chain stores, which share a brand and a central management.

POINT OF SALE (POS)
A system used at checkout in retail stores using computers and cash registers to capture transaction data at the time and place of sale.

Details

In 2020, the industry was forced to adapt to a sudden change in demand due to an unexpected economic decline caused by the coronavirus. To prevent the spread of the virus, state and local governments shut down many segments of their economies by instating stay-at-home orders and shutting down all nonessential businesses.
Although some industry operators were considered essential and permitted to stay open, the sharp reduction in demand forced many establishments to close. This temporarily reshaped the industry, directly affecting the landscape at the end of the five years to 2022. As the coronavirus spread has slowed down, the government has enabled industry operators to reopen.

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