$71.3bn
$X.Xbn
927k
78,851
$XX.Xbn
The coffee and snack shops industry experienced a positive trend, with revenue soaring at an annualized rate of 5.0% to $71.3 billion. However, this includes an anticipated 1.1% decline in 2024 alone, driven by an expected decline in coffee consumption. Overall, this impressive growth, outpacing most segments of the food service sector, primarily stemmed from increased consumer spending on coffee and snacks before the pandemic.
Industry revenue has grown at a CAGR of 5.0 % over the past five years, to reach an estimated $71.3bn in 2024.
Market size is projected to grow over the next five years.
Company | Market Share (%)
2024 | Revenue ($m)
2024 | Profit ($m)
2024 | Profit Margin (%)
2024 |
---|---|---|---|---|
Starbucks Corporation | 17,656.1 | 2,897.3 | 16.4 | |
Krispy Kreme Doughnuts Inc. | 1,695.0 | 139.7 | 8.2 |
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Industry revenue is measured across several distinct product and services lines, including Food consumed in-store, Beverages consumed in-store and Food taken to-go. Food consumed in-store is the largest segment of the Coffee & Snack Shops in the US.
Increased taste for high-end coffee and seasonal varieties shapes demand trends
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.
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NAICS 722515 - Coffee & Snack Shops in the US
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
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Coffee shops proliferate in populous, high-income states like California and New York. These areas' dense populations and robust economies foster vibrant café cultures.
Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.
Low start-up costs result in a highly fragmented industry. New competitors can easily join via franchising, making the marketplace fiercely competitive.
Learn about the performance of the top companies in the industry.
Small coffee shops face market entry challenges due to dominant national chains. These established giants monopolize the industry, creating steep operational hurdles for smal...
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
Coffee and snack shops must obey food preparation and labor rules. They're governed by strict regulations related to beverage and food prep and stringent labor laws.
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
Rising competition and fluctuating costs impact profit. Inflationary pressures can also dampen profitability, indicative of the volatile nature of the market.
Including values and annual change:
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Key data sources in the US include:
Analysts also use industry specific sources to complement catch-all sources, although their perspective may focus on a particular organization or representative body, rather than a clear overview of all industry operations. However, when balanced against other perspectives, industry-specific sources provide insights into industry trends.
These sources include:
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IBISWorld’s analysts and data scientists use the sources above to create forecasts for our proprietary datasets and industry statistics. Depending on the dataset, they may use regression analysis, multivariate analysis, time-series analysis or exponential smoothing techniques to project future data for the industry or driver. Additionally, analysts will leverage their local knowledge of industry operating and regulatory conditions to impart their best judgment on the forecast model.
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The market size of the Coffee & Snack Shops in the US industry in United States is $71.3bn in 2024.
There are 78,851 businesses in the Coffee & Snack Shops in the US industry in United States, which has grown at a CAGR of 3.8 % between 2019 and 2024.
The market size of the Coffee & Snack Shops in the US industry in United States has been growing at a CAGR of 5.0 % between 2019 and 2024.
Over the next five years, the Coffee & Snack Shops in the US industry in United States is expected to grow.
The biggest companies operating in the Coffee & Snack Shops market in United States are Starbucks Corporation and Krispy Kreme Doughnuts Inc.
Snack shops and Ice cream and soft-serve shops are part of the Coffee & Snack Shops in the US industry.
The company holding the most market share in United States is Starbucks Corporation.
The level of competition is high and increasing in the Coffee & Snack Shops in the US industry in United States.