Industry report – cafes and coffee shops
According to IBIS reports on the trends affecting cafes in 2022.
- COVID-19 trading restrictions eroded dine-in food sales, adversely affecting profit margins.
- A trend towards premium food has been reflected in the changing products offered.
- Some operators have struggled to maintain profit margins in a strongly competitive environment.
- High demand for coffee will likely support revenue growth.
- Consumers are projected to spend more on eating out, benefiting industry operators.
- Operators that emphasise fair trade coffee and food products can charge more premium prices.
- Artisan bakeries and patisseries have increasingly been repositioning themselves as cafes.
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