Industry Analysis & Industry Trends
The Bread and Cake Retailing industry has performed modestly over the past five years, with revenue fluctuating. Disposable incomes and consumer sentiment influence consumer spending on bread and cake products, which in turn affects industry revenue. Fluctuations in consumer sentiment and disposable income have altered consumer spending patterns over the past five years, influencing variable trends in industry revenue. For example, positive consumer sentiment combined with modest disposable income growth boosted revenue in 2012-13. Industry revenue is estimated to increase at an annualised 1.4% over the five years through 2016-17, to total $752.3 million. This includes a forecast decline of 0.2% in 2016-17... purchase to read more
Industry Report - Starting a New Business Chapter
Prospective entrants to the industry are subject to moderate barriers to entry, although these have increased over the past five years. Significant market share, brand loyalty and consumer shopping habits enjoyed by existing players operating in the industry may hinder the success of prospective entrants. Unlike new entrants, existing industry players have established a reputation and built a relationship with consumers via their product range and customer service. These factors act as hurdles for new industry players that must establish their own brand awareness and loyalty among consumers.
Competition within the industry also affects the likelihood of success for new entrants... purchase to read more