NAICS 722213 - Snack and Nonalcoholic Beverage Bars
This U.S. industry comprises establishments primarily engaged in (1) preparing and/or serving a specialty snack, such as ice cream, frozen yogurt, cookies, or popcorn or (2) serving nonalcoholic beverages, such as coffee, juices, or sodas for consumption on or near the premises. These establishments may carry and sell a combination of snack, nonalcoholic beverage, and other related products (e.g., coffee beans, mugs, coffee makers) but generally promote and sell a unique snack or nonalcoholic beverage.
Industry trends:
The NAICS 722213 category, which includes Snack and Nonalcoholic Beverage Bars, is currently experiencing several notable qualitative trends. One of the most significant trends is the increasing consumer demand for health-conscious and sustainable options. Customers are seeking out snacks and beverages made from organic, locally-sourced, and unprocessed ingredients. Plant-based offerings and gluten-free options are becoming standard menu items as businesses adapt to these preferences.
Another growing trend is the integration of technology to enhance customer experience and operational efficiency. Businesses are increasingly utilizing mobile apps for ordering and payment, while also leveraging customer data for personalized marketing strategies. This technological shift is both a response to consumer expectations for convenience and a way to streamline operations and reduce labor costs.
Innovation is also notable in the flavor profiles and product offerings. Unique and exotic flavors, as well as fusion products that blend different culinary traditions, are capturing consumer interest. Additionally, the trend of limited-time offers (LTOs) is being utilized to create a sense of urgency and excitement around new products.
Forecasts for the near future suggest that these trends will continue to evolve and intensify. Health and wellness will remain at the forefront, likely leading to further innovation in product formulations. Technological advancements will continue to shape the customer experience, with increased automation and AI-driven insights playing key roles. Overall, the focus on health, innovation, and technology will be pivotal in driving the evolution of snack and nonalcoholic beverage bars.
This industry is comprised of:
Bagel shops, on premise baking and carryout service
Beverage (e.g., coffee, juice, soft drink) bars, nonalcoholic, fixed location
Canteens, fixed location
Coffee shops, on premise brewing
Confectionery snack shops, made on premises with carryout services
Cookie shops, on premise baking and carryout service
Doughnut shops, on premise baking and carryout service
Fixed location refreshment stands
Frozen custard stands, fixed location
Ice cream parlors
Pretzel shops, on premise baking and carryout service
Snack bars (e.g., cookies, popcorn, pretzels), fixed location
Soft drink beverage bars, nonalcoholic, fixed location
This report includes the ability to segment your Industry by:
- Region
- Employees
- Net Sales
- Company Age
- Total Assets
- Ownership Type
With iCFO You Get
What Is iCFO?
A review and comparison of financial performance of privately-help companies in specified SIC/NAICS industry segment, using industry standard benchmarks.
Sound Business Analysis
Answers come easily with iCFO. Review ROI, sales per employee, profit margins of the top 10%, top 25% and more, to identify areas of concern and opportunity. Examine what if scenarios and P&L impact of reducing costs or adding revenue.
Your Business’ Health In Minutes
It takes only five minutes to enter your data and produce a concise profile of your company’s fiscal state, including critical business ratios focusing on liquidity, profitability, asset efficiency, and growth.