Chock-a-block: Competition in the industry is increasing as the major franchises expand

IBISWorld’s Specialty Chocolate Stores market research report can be used to help you: understand market size and growth potential; major companies; draft business plans and pitch books; and conduct benchmarking and SWOT analysis. Our industry analysis highlights macro industry trends in the overall sector and micro trends faced by companies that do business in the industry. The industry report also provides key industry statistics and 5-year forecasts to anticipate future industry prospects so you can decide with confidence.


Industry Threats & Opportunities

  • The profitability of the industry depends on the availability and price of high-quality inputs
  • Franchised specialty chocolate stores have been more successful than coffee shop equivalents
  • The expansion and franchising of specialty chocolate stores is expected to help reduce costs

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    Industry Analysis & Industry Trends

    The rapid rise of premiumisation as a consumer trend has driven strong growth for the Specialty Chocolate Stores industry over the past five years. New players have entered the industry, and existing enterprises have expanded or franchised, with the exception of Darrell Lea Chocolate Shops. Industry revenue is forecast to grow at a compound annual rate of 3.9% over the five years through 2016-17 due to high demand for the industry's products. In 2016-17, industry revenue is expected to grow by a further 2.0%, bringing revenue to $317.0 million. Consumers purchase premium chocolates as an affordable indulgence or as a gift for special occasions. Sales of premium chocolate and seasonal or boxed chocolates have fuelled revenue growth...

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    What is the Specialty Chocolate Stores industry?

    The industry is moderately concentrated, with the top four players accounting for just under 50% of industry revenue. The industry is highly fragmented outside of the major players, consisting of a large number of small, independent stores. Concentration has increased marginally over the past five years, as large retailers have continued to expand their locations. However, Darrell Lea's industry exit in 2012-13 and the closure of their 59 stores significantly affected industry concentration.

    Although barriers to entry are low, the existing players have well-established brands and strong reputations. However, there is an opportunity for stores to differentiate themselves from competitors by offering specialised products or services...

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    Additional Insights for the Specialty Chocolate Stores Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Specialty Chocolate Stores Industry are

  • Attractive product presentation
  • Production of premium goods/services
  • Having a clear market position
  • IBISWorld analysts also discuss how external factors such as Health consciousness and Real household discretionary income in the Specialty Chocolate Stores industry impact industry performance..

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    Products & Brands

    Major products in this industry
    Premium chocolate
    Seasonal and boxed chocolate
    Other products
    Food and beverages
    Examples of brands in this Industry
    Chocolateria San Churro
    Max Brenner
    Theobroma Chocolate Lounge

    Table of Contents

    About this Industry
    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry at a Glance
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Industry Performance
    Executive Summary
    Key External Drivers
  • Health consciousness
  • Real household discretionary income
  • Consumer sentiment index
  • Domestic price of milk
  • Domestic price of sugar

  • Current Performance
  • Premiumisation drives growth
  • Businesses come and go
  • Competition increases
  • Seasonal fluctuations
  • Chart: Revenue Growth

  • Industry Outlook
  • Franchises and expansion
  • Profit margins squeezed
  • Healthy consumers
  • Table: Specialty Chocolate Stores Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Specialty Chocolate Stores Industry Lifecycle vs The Economy

  • Products & Markets
    Supply Chains
    Key Buying Industries
  • Cafes and Coffee Shops
  • Consumers

  • Key Selling Industries
  • Chocolate and Confectionery Manufacturing
  • Milk and Cream Processing
  • Soft Drink and Pre-Packaged Food Wholesaling

  • Products & Services
  • Premium chocolate
  • Food and beverages
  • Seasonal and boxed chocolate
  • Other products
  • Chart: Specialty Chocolate Stores Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • People aged 35 to 54
  • People aged 15 to 34
  • People aged 55 and over
  • Chart: Major Market Segmentation for the Specialty Chocolate Stores Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Competitive Landscape
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Profit
  • Purchases
  • Wages
  • Rent
  • Other
  • Chart: Cost Structure Benchmarking – Sector vs Specialty Chocolate Stores

  • Basis of Competition
  • Internal competition
  • External competition

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Specialty Chocolate Stores Industry

  • Industry Globalization
    Major Companies
    Venga Pty LimitedMB Australia 2000 Pty LtdTheobroma - Food of the Gods Pty Ltd
  • Table: Venga Pty Limited - financial performance
  • Table: MB Australia 2000 Pty Ltd - financial performance
  • Table: Theobroma - Food of the Gods Pty Ltd - financial performance

  • Operating Conditions
    Capital Intensity
  • Chart: Level of Capital Intensity for the Specialty Chocolate Stores Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Key Statistics
    Table: Industry Data for the Specialty Chocolate Stores Industry
  • Industry Revenue (2008-2022)
  • Industry Gross Product (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Wages (2008-2022)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Jargon & Glossary
    Artisan Chocolates
  • Artisan chocolates refer to chocolates that have been hand made by a specialist in chocolate making. Chocolate batches are generally of a small quantity.
  • Chocolatier
  • A chocolatier is someone who specialises in the making or selling of chocolates.
  • Point Of Sale
  • Point of sale equipment refers to equipment used in processing transactions. This includes cash registers and advanced payment methods.
  • Why buy this report?

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Specialty Chocolate Stores:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Specialty Chocolate Stores market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Specialty Chocolate Stores, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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