Flour power: Rising health consciousness and evolving consumer palates will support industry demand

Over the five years to 2019, the Specialty Food Stores industry in Ontario benefited from favourable shifts in consumer preferences and rising per capita disposable income. Specialty food stores often sell products labelled as organic, gourmet or all-natural. Thus, industry goods are differentiated from standard foods sold at mainstream retail and grocery outlets. Over the five years to 2019, increasingly health-conscious consumer preferences and disposable income growth enabled operators to charge a premium for industry products and maintain stable profit margins. Over the five years to 2024, industry revenue is anticipated to increase...read more.

Industry Statistics & Market Size
Annual Growth 14-19
Forecast Growth 19-24

Industry Threats & Opportunities

  • Increasingly health-conscious consumer preferences enabled operators to charge a premium for industry products
  • Industry Report - Industry Products Chapter

    •In line with the national industry, candy and snacks represent the largest line of products sold by specialty food stores, accounting for 27.0% of revenue in 2019.•Sales of bakery products in Ontario are higher than the national average, despite heightened competition from retail bakeries in the province.•Dairy products generate an estimated 4.3% of revenue, which is lower than the national average.•Specialty food stores in Ontario experience little external competition from larger retailers that offer a wide selection of more conventional food products...purchase to read more.

    Additional Insights for the Specialty Food Stores in Ontario Industry

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

  • Attractive product presentation
  • Production of premium goods/services
  • Having a clear market position
  • IBISWorld analysts also discuss how external factors such as Per capita disposable income in Ontario and Number of Adults aged 15 to 64 in Ontario in the Specialty Food Stores in Ontario industry impact industry performance..

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    What's in this report

    What is the Specialty Food Stores in Ontario Industry?

    Operators in this industry retail specialized food products, including baked goods, confectionery, nuts, dairy products, coffee, tea and soft drinks in Ontario. This industry only retails packaged products and excludes establishments that sell products for immediate consumption, such as coffee shops. Butcher shops, seafood markets and produce markets are also excluded from this industry, along with producers of chocolate, bread and bakery goods.

    Industry Products
  • Bakery products
  • Dairy products
  • Candy and snacks
  • Coffee and tea
  • Meats, seafood and eggs
  • Industry Activities
  • Retailing baked goods not baked on premises
  • Retailing candy
  • Retailing dairy products
  • Retailing organic and health foods
  • Retailing packaged coffee and tea
  • Retailing gourmet foods
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Per capita disposable income in Ontario
  • Number of Adults aged 15 to 64 in Ontario
  • Adult obesity rate
  • Consumer price index for food

  • Current Performance
    Industry Outlook
    Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Specialty Food Stores in Ontario Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Caterers in Canada
  • Consumers in Canada

  • Key Selling Industries
  • Candy Production in Canada
  • Coffee & Tea Production in Canada
  • Cookie, Cracker & Pasta Production in Canada
  • Seasoning, Sauce and Condiment Production in Canada

  • Products & Services
  • Other
  • Candy and snacks
  • Bakery products
  • Coffee and tea
  • Dairy products
  • Meats, seafood and eggs
  • Chart: Specialty Food Stores in Ontario Industry Products and Services Segmentation

  • Major Markets
  • Consumers aged 35 to 54
  • Consumers aged 18 to 34
  • Consumers aged 55 and older
  • Chart: Major Market Segmentation for the Specialty Food Stores in Ontario Industry

  • Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Chart: Cost Structure Benchmarking – Sector vs Specialty Food Stores in Ontario

  • Basis of Competition
    Barriers to Entry
    Ambrosia Natural Foods, Cheese Boutique, Jacobsons Gourmet Concepts, The Mercantile,
  • Table: Ambrosia Natural Foods - financial performance
  • Table: Cheese Boutique - financial performance
  • Table: Jacobsons Gourmet Concepts - financial performance
  • Table: The Mercantile - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Specialty Food Stores in Ontario Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

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

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Specialty Food Stores in Ontario Industry
  • Industry Revenue (2010-2024)
  • Industry Gross Product (2010-2024)
  • Establishments (2010-2024)
  • Businesses (2010-2024)
  • Employment (2010-2024)
  • Wages (2010-2024)
  • Per capita disposable income (2010-2024)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
  • A store that has a physical presence and location, as opposed to an online retailer.
  • Organic Foods
  • Foods produced without using synthetic pesticides and fertilizers.
  • Radio Frequency Identification (Rfid)
  • A technology that tracks products from the time they leave the assembly line, to the time they leave the store by releasing continuous signals from a chip.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s Specialty Food Stores in Ontario market research report is a comprehensive guide to market size and growth prospects. Our industry reports offer strategic industry analysis of the factors influencing companies, including new product developments, economic, lifestyle and demographic influences, distribution and supply chain factors and pricing issues. Full analysis accompanies our data forecasts to illustrate how the market responds to emerging industry trends.

    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 Food Stores in Ontario:
    • 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 Food Stores in Ontario 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 Food Stores in Ontario, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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